New-York tribune., 1903-03-19
KEENE ON S. P. FIGHT.
HE ISSUES STATEMENT.
Charges against y. p. Directors
To Carry Battle to End.


James R. Keene last night issued the fellow
ing statement concerning the Southern Pscihc
controversy:
strest It Is A InvarlsSiy accompanied Win state
ents pgrportinE 70 come from rival Interests con-
vixen Sssn to has n e sss Ad Il hs 5 ~
and its drectoFs / bad hoped 70 preserve a6soluts
to state the situation clearly. ma, every one
can % m Ses + 5e M st 9' o te sespn og Pc P
road to vote It's Southern Pacnc stock is questioned
aa aad II me 6
a 9ssd Py shares Rsa seer 81
.tocS used in the srtion is owned BY myself I: J
rh have snd s. 9Fo rod
dating the purchases Of Southern Paoinc STOCK &c 6y
e. 5si So EsE.PdnF q IT, po6 5aE
there S IS dissssfaotion in it. L 50 have not heard
very small hoIding) there has been unanimous con-
SeRs s to e41nus sr 4s Ssprsd by me- consider
but proper to state at ths 5Gncture that have but
Sn Sne he Of the S0npany is Changed
and the present directors ousted at the annsa eec &
plaintiffs contentious are based are SO strong and
mat ths Wsh the es Of oer nority
holders. whose grievances are the same look for.
ward most confidently TO successful issue. II
defeated am perfectly prepared TO endure the
The conditions which have precipitated this strug-
gle gle H 80 viS0us ana Sn qe tRaf
the present directors and executive o.cers OF the
sSnthSrn Pac5c company are acting IN az f6e
properly and sfoctSolders., Il stockholders were
the 'ehs
rnents upon the property but to other uses for if
there IL any virtue in large suays for betteTments
not spssrsss sos,ssFs ,nss Ss'i5:
& Gne nssseted knows eo4red hae sfSe b the
Snion psc1nc the DIRECTORS OF tha{ & ColRang ,ang
the sOuther Pscic 1"S Stock, wSe they mem
S x sads enys sa5sd s ct the he do low eS Tsd0 s
of expense to gross earnnss after the enormous
ooRs more Re kevs an pit Of
dno P Rsrea l1 1Hs m
last year ander 81 per cent is II not natural fhat
sRoaid be hen sheE ina aa While
M gxpe5ses deen1d ter sef of
so@thern PaciHc inc ncreased 29 per 'snt and
and t II ostIng @ debt e ncurred Gts OF over W $4,000?
the mnlo2 Bac is Si5h its S1
saqH nrn "f the ps three and es M se Of
have been issued by the Union Pacic to pay for for
may wei fhink ths. @ these operans asp"nsss
the result In part OF this expenditure and DO not
erty And # bolster " the falling fortunss Of
HnoP gscS t the "a 9e a sFe M
plated, We may find solution n all these acfs acts
It must he apparent to every one and pafticuiary
to a stockholder, that such control eN-
psns PsSsso oy2E he he s,.sirs anq n"snsss 56s
Is "a to tVey nS aRa 'ia es o
equity end justice, Besides which there Is array
there can be little doubt that stockhoders viii get
o 6ss As Of The ssosE iS0es
pany. and sii that Is necessary to compass that
result is to have reSiEnstons Of the Union Paciflc
company, a few dummies put in and the transac.
ton is erected At any Price o5 1hat qsg .6R then EFT
would be suits. and suits that might cost years
our allegations upon the eonmon lay and i, have ave
stated what We conceive to be violations OF Il the
6y tho linton aW Pstc 'fs
fFsssrs Il he Whole 'S
the Sn Fa n1ror ane rsc ansf at c
cagea NJ hartman pre5iaent $50 OF Tae
Of the Union Pacific board and ali important OFFICES
consodeted II the courts permit this, then justice
Southern Pacific. which early yesterday had
touched 63, had gained IL points UP to . O'clock
and in the last hour. heavy trading, ad-
vanced sharply to 675s. closing at 61&. net
gain for the day Of 4Ss points. The rapid ao-
vance gave rise to various rumors. among them
o1e that it represented competitive buying. A
leading Union Pacific interest however, denied
that his party were engaging in any movement
of that nature 1t was also reported that the
rise signifed a squeeze" OF the short interest,"
which is supposed TO be large. Rumors that
counter Injunction would be applied for by the
Union Pacific party, the ground that the
voting of pool stock would be prejudiclal to the
public interest were discredited in the Street
The formal cell for the annual meeting of the
Southern Pacific company was issued yesterday,
proxies in the names of E H. Hartman Max
well Evarts and A. P. Humphrey being inciosed
with the circulars.
The directors of the Southern Pacific COM
pany held special meeting yesterday after
noon According TO reports current in the
Street April was fixed the last day on
which shares may be transferred before the an
nuai meeting 70 be held on April =. but officers
o1 the COMPANY refuse to confirm or deny the
truth of the reports
Louisville, March 1S.-An unexpected step has
been taken by the Southern Pacific Company at
Nashville Attorneys for the corporation have
asked Judge Iurton. of the United States Cir
emit Court for an amendment to the restrain
ing order granted on March 13, so as TO change
article ! OF the bylaws of the corporation by
striking out the words, "Tn the City OF New
York" where they first occur, and inserting IN
stead the words, 'at the Office OF the company
in Beechrnont Jefferson County.
The motion, if allowed, will have the effect or
putting the litigation affecting the Southern
Pacific road wholly within the Jurisdiction OF
the United States Court for the Western district
~ Kentucky The motion will be heard by
Iudge Lurton IN chambers at Nashville on
Saturday.