The sun., 1903-04-02

Of that road h Of no conssqusnos. ~.
Keene did % urge Mr.. Hartman, and II
this had been done the two road would
have been one and tho operation q the
business Of the Union Pacific, .
@This. however. is quite different nom
owning half the road and trying to use tho
whole Of 1t. meantime choking on all other
owners. Our fight Is a broad contest TO
establish the rights OF minority holders.
all.
ANY intimation that there Is q strike
tinge to our suit is maliciously false. The
suit OF holder of a small block OF stocks
suit like ours. where we have held an enor-
nous lot Of Southern Pacific stock for years,
long before the pool was conceived This
case Is totally different.
Il was interested In the interview Mr..
Hartman published to-day to the effect
that every facility had been extended to
US TO inspect the Southern Pacific books,
and that failure was duo to lack OF real
desire or to hefiiciency. l can bring the
affidavits Of six clerks and several lawyers
days to prove that this facility was OF
the most peculiar character. They failed
absolutely to gain access TO the books.
POOL EXPIRES; soME MEMBERS OUT. SOME
RENEW.
The day originally set for the dissolution
OF Mr.. Keene's pool was April I, and IL was
reported In Wall Street yesterday that
several members of the pool had withdrawn
and that they were taking steps to bring
a suit against Mr.. Keene to compel him to
make full accounting Of all ths operations
Of the pool under his management. This
statement was made by q member Of Tai
bot j. Taylor & Co.:
Pacific pool have withdrawn Is a misappre-
hension. The pool expired to-day by
Limitation, and those who did not sign for
a renewal are out. They did not have to
withdraw. But the greater number agreed
TO extend their inter rest until April 10, which
is after the date set for the annual meeting
OF the Southern Pacific--Aprl s. i know
of no contemplated suit against The mana
gers OF the pool, and 40 far As / know
there Is no discomfort.
aThose who did not sign for the extension
have already received their stock and q
brief statement of their account. "a would
naturally have been the case. But We have
not given any lengthy statement and do not
feel that II il called for. l heard that one
person was dissatisfied who had, am told.
got some one else to sign for him as q MEM
Der Of the pool. but this does not really
constitute membership for the first person
An accounting Of the POOLS operations
could be rendered, il need be. In ten minutes.
Southern Pacific stock on the Stock
Exchange yesterday was not active. the
total sales only amounting to IL 800 shares
Fairly in the day the price touched al, but
the stock weakened later. going to ser
and closing at 5oL, or \ Of point under
Tuesdays final price. There appeared to
be a considerable short interest, AZ the
stock loaned for its use over night at pre-
miums ranging from l-l2S to y Of per
cent, equivalent to charge OF from Se
cents a hundred shares TO 9l2 so hundred
shares. Union Pacific common stock closed
atsiH. or 4 of point under Tuesday close.
and the preferred at s9* also 4 Of point
under Tuesday.
POOL SUPPORTED MANAGEMENT LAST YEAR.
To the typewritten synopsis Of the afi-
davits given out by Mr.. Hartman wac
added this statement:
In view OF the complaint now made, Of
the policy Of the present MANAGEMENT in ex-
pending the earnings upon improvements in
stead OF paying dividends. some surprise
may be occasioned by the sllesatons OF the
Southern Pacific Company In its answer just
filed TO the effect that the conplainants
voted upon their stock at the last annual
and management, although the policy nov
and was then well understood. The last
annual meeting was held April Q. 1902. The
answer shows that complatnants pool
agreement was made Jan. 70. 1902, from which
II appears that something else rather than any
change in the policy Of the mana cement has
occurred to change the opinion Of the c0m-
plainonts and the mana gers Of the pool re.
specting that policy since the last annual
election, when they actively supported 1t.