Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-10
GOULD Is IN CONTROL
ANNUAL MEETING OF THE WA
BASH ROAD AT TOLEDO.

TOLEDO, Ohio October 10.-The annual
meeting of the Wabash railroad opened at
O'CLOCK this morning in the offices of
Smith & Beckwith. the local attorneys for
the railroad. Under the bylaws of the
company, the election Ii to continue from 8
O'Clock until noon, and 1t is expected that
the announcement of the result will be
made by the election inspectors at about
l2:15 or shortly afterward.
Of the directors Of the road there were
present when the meeting opened George
D. Gould, Joseph Ramsey, tr, Edgar T,
Welies, John T. Terry; WinsloW S. Pierce.
T. T. Jeffrey and S. C. Reynolds. All of
these. with the exception of Mr.. Ramsey.
were outspoken in their determination to
support Mr.. Gould in everything. Mr..
Ramsey was equally explicit in his decla-
ration of opposition.
Ihe situation did not change overnight In
the slightest degree. and there was no an
parent abatement in the confidence of either
side Mr.. Ramsey claims that it will not
be possible to retire him as a director for
the reason that he controls at least one
tenth of the votes, and under the cumula-
tive system of voting permissible in Ohio
he will be able to re-elect himself.
The Gould party, however regard Direc-
tor Ramsey as something to be remembered
and not considered. They look upon his
connection with the board of directors as
matter to be spoken of in the past tense
only. Mr.. Gould has fully determined that
there shall be a change in the board of di-
rectors,' Is the way they put it.
There were rumors early today that legal
steps would be taken by Mr.. Ramsey's at
torneys to prevent the reelection as di-
rectors Of the Wabash of George Could
Russell Sage and James H. Hyde on the
ground that they are also directors of the
Missouri Pacific. which line parallels the
Wabash between st. Louis and Kansas
City. but up to the time of the opening Of
the meeting nothing had transpired in this
direction.
Objections to Gould.
At the opening Of the meeting Col Doyle,
acting for Mr.. Ramsey, offered objections
to Mr.. Gould as presiding officer on the
ground that he was director of the Missouri
Pacific, parallel line to the Wabash road
He also offered objection to the three in
spectors of election, Messrs. Reynolds Col
ton and Newton. Mr.. Ramsey. arising from
his seat, said:
Il also offer objections. as stockholder."
On motion of Mr.. Greer Of the firm of
Pierce & Greer. Mr.. Goulds legal advisers
the objection was spread on the record
After the transaction of some routine
business the regular meeting was ad-
journed to permit of the caucus of the
DondnoiQerS. InlS caucus convened In the
same room as the general meeting Under
the law the bondholders have the right to
choose six directors the stockholders six
and the twelve. the thirteenth.
Directors Nominated.
Mr.. Greer nominated as directors for the
bondholders E. T. Welles, Winslow, E.
Pierce. w. B. Saunders, r. C. Clowery
Russell Sage and R. NJ. Galloway. Col
Doyle, for Mr.. Ramsey, demanded that the
directors be chosen by ballot. This was
voted down, and the men were chosen. by
roll call. Mr.. Ramsey's attorney demanded
that a proxy be shown, as each name was
called. There were great numbers of these
and the operation consumed much time.