Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1904-10-25
J. c. oseooD HAS LOST lNFLu
ENcE IN COLORADO FUEL
& IRON co.
.GOULDs NOW CONTROL
With the RockefeIIers' Aid the Gould
Millions VIII Be Used to Fight tho
Steel Trust--Meetns to Be Held AZ
New York Thursday.s.

Denver, Colo, Oct. "a. Especially,
With John Cleveland Osgood, for1
and with the Rockefellers and the
Goulds in full control. a reorganizationa
of the Colorado Fuel & Iron Co., win
ors' meeting to be held in New York;
New, officers will then be elected ana
the Iowa gang" headed by Osgoodd
will be only memory. This is the
plan of the Rockefellers and the
'Goulds and 1t now looks as II 1t will
be carried out after many months Of
fighting. 4.
VIII Fight Steel Trust.
The Iowa crowd is now entirely
out Of the Colorado Tuel & Iron Coz
and the big concern is fully in possess
sion of the Gould-Rockefeller inter-
ests. which are ready to open war on
the Morgan steel trust. John Clever
land Osgood was one of the original
Iowa crowd" or the big four" who
built up the institution. His associates
We're d. @. Beaman, present general
consul of the company; r. M. Hosea
present chief engineer and Julian u.
Kebler who is dead. John L. Jerome
and A. G. Cass both dead are often
classed with the iowa crowd, but they
were not Iowa men and came In after
the company was organized.
In the reorganization of the Colos
RADIO Fuel & Iron Co., the RockefeIlers
Gould combine reaped quite an indi,
vidual harvest, aside from getting cons
4 troll of the company. FIJI
Rockefeller to the Rescue.
A little over a year -ago gheA ssiss, e
| $15,000,000 realized on the debenttrs
bond issue had been exhausted, to
save the company from total collapse
Rockefeller and Gould put up $12-'
$4,000. The choicest coal and iron
lands of the company were turned
over to them as security. These prop
critics were ostensibly conveyed over
to the Colorado Industrial Co., but Ed.
ward V. Carey of New York, Rookie.
feller lieutenant. was at the head of 1t,
and through him the combine con-
trolled the destiny of the company.
Had not the scheme of reorganization
gone through and had the Colorado
Fuel and Iron collapsed the assets
would not have amounted to more
1
minority stockholders.
For their millions advanced the
Goulds get back $17,0O0,0O0 in bonds
stock, being about SO 900, 900 interest
for the use of their money for a year.
The next move in G. F. G /. affairs
will be directors meeting in New
York, October 27. for the election OF
officers. q
Ready for Big Fight.
Expanded and improved by the ex.,
penditure Of at least $S,00O,0Q0, the
Colorado Industrial Co., will be able,
to compete with its more vigorous
eastern rival in the manufacture Of,
steel and wire nails. To do this sue
cessfully it Is said the Gould roads
will make rate on steel and wire!
carried east that will forestall all com.
petition and with its increased capac-
ity the Colorado plant will put up the
hardest kind of fight.
Aside from the authorized bond Is.
sue Of S45,000,000 the increase in com.
mon capital stock by $6,20000OO and
the provision of $S,000,000 for improve.
ments. one of the most important fea-
lures of the recent stockholders
meeting was the elimination from tho
directory of John G. Osgood the man
who laid the foundation upon which
the Colorado Fuel & Iron company
was built. Thus ends the bitter
fight the Goulds have waged against
Osgood since they first took an active
interest in the company about two
years ago, following John w. Gates
attack on Osgood.