Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-10-11
THE WABASH WRANGLE.
No Directors Chosen at Annual Meet
ing Which Was Somewhat Stormy.

Toledo, Ohio, oct. 1G.-No directors
were chosen 1T the annual meeting of
the Wabash Railroad, today. The ses-
sion3 with the exception of two brief
rcccsscs. lasted from . o'clock in the
rrornimg until 11.15. tonight, almost the
entire time being taken up by the cE-
animation of proxies. Although no
figures had been given out by the in
spcctorS Of election ii is believed that
the vote to BE- taken the first thing, to-
morrow morning. will show that Mr..
Gould has behind him about $22 900 900
of the bonds and that Mr.. Ramsey has
in the ncighborhood of 100000 Mr..
Ramsey has not shown sufficient
strength to enable him to hold his seat
as a director and it is generally belieY-
Cd that he is weaker in stock proxies
than he is in the bonds.
The result of the meeting now in
progress will not settle the fight for the
control Of thc Wabash Railroad, If Mr.
Ramsey adhcres to the programme out
lined, today, in the caucus of the
caucus Of the Wabash hondhpldcrs ~
nis counsel, Judge Doyle
When tn" proXic5 of t'lr Farmers
Loan ana Trust 90. and the Merchants
Trust co. of New York, we're produced,
giving to George Goull the right to
vote the 5433 votes represented by the
bond owners by the Missouri Pacific
ana Iron Mountain Railways, and
which ar" held by the two trust COM
I"lies. Judge DCylc. formally entered
Il protest 10 the inspectors Of election
against the admission Of the votes. He
declared thai they represented scuri-
Ties, which are held by lines pare llel TO
ana competing with the Wa3nsh Rod,;:
that the holding of such securities by
such railroads is illegal, ana that
therefore any votes representing illegal
holders could not. under the law, be re-
ceiycd. He said the holding Of Wabash
securities Ey the Missouri Pacific ana
IRON Mountain Roads was in direct vie
lation of the laws Of the United States
ana also Of the laws Of Ohio. Michigan,
Illinois and Missouri. in which states
the Wabash Road operated.
The protest | now make against the
votes represented by these two trust
companies" declared Judge Doyle, Il
shall repeat, tomorrow, in the caucus Of
me stockholders ana | now serve
notice that the result of any election in
V hich these NOGts are counted will be
hereafter contested in the courts"
Practically the entire day. from 9
III the morning until : ut night, with
the exception Of a recess Of one hour
al noon. Was given over to ne submits
sion OF proxies and the discussion of
their eligibility. The work was tedious
in the extreme. Many proxies We're
filed ont in faulty or Inaccurate man
ner. and much time was taken up in
STRENGTHENING out the difficulties they
presented. There We're dozen cases
where both sides held proxies for The
same bonds, and these We're the cause
Of much argument
Attorney Lewis. for Mr.. Ramsey. and
Mr. Pairee 70" Mir. Gould. handled the
proxies, 2cd Ill dny long struggled over
them ard not 4 proxy was admitted
without careful inspection by both
sides. When the recess was taken ut
o'clock, it vas evident that Il large ma
jority Of the votes wclr with Mr.. Could.
ana that the election If his six diiec-
tors was IN assured fit