Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-10-12
COULD IN FULL CONTROL
Ramsey Fails to Elect q Single Director o.
wabash Railway.
DtPosto PRESIDENT estATuYN MINORITY
Files Protes,a at Every Point
with view of Future
Contests IN the
Courts.


Total vote cast. 2so35o. Vote for each Of
above directors. s2s,5lO. Vote for Joseph |
Ramsey jr., $3.50.
Directors chosen by the stockholders:
S. C. Reynolds. George J. Gould. Russell
Sage. W. b. Sanders. r. s Clowry, w, II.
Blodgett
Total vote cast. 4se 500 Vote for each of
the above directors 461. .4s7 Vote for Joseph
Ramsey. jr.. 1902
Director elected by the twelve named
above, F. A. Delano.
Joseph Ramsey ir., failed completely in
his effort today to wrest control Of the
wabash system from George J. Gould. Not
only was he utterly defeated IN all he un
dertook. but he was forced from the direc-
tory of the road and now has nothing
whatever to do with its management in any
manner He put up a hard hght and
struggled gamely to tho last. but was 80
hopeessly in the minority that he never
had chance He filed protests all through
the meeting. not for the reason as he after
ward declared. OF wishing To be an obstruc-
tionist but because he desired to lay the
foundation for any contest that might here
after he made. He took his defeat in a
philosophical and manly manner saying:
I think that with fairer treatment in the
caucuses ] might have made much better
ter showing than the returns credit me
with There were several large blocks of
stocks and bonds that should have been
voted for me. but which were given TO Mr.
Gould by the election inspectors 7 have
not determined whether or not to commence
contest, but nothing Of that kind will be
of man to employ destructive or obstruc-
tive tactics wantonly. J VIII say, however
the end of this affair by a good deal, but |
cannot say just now what the next step
There is one thing more that wish to
say, and that is that am not sorry that
entered upon this fight. have not regretted
The only thing regret was that was not
elected.
Mr.. Gould is Pleased.
Mr.. Gould was highly pleased with the
! outcome although he showed his feelings
less in words than by his manner and
hearty laugh as he contemplated the figures
showing the result. He said:
| l am. of course. very glad that the mat
| ter has terminated as II has. There was
| never moment, in fact, when any other
! termination was possible. For all that,
| however. 1 feel happy that my administra-
phatic endorsement that II has. Further
| than that | can say nothing. The result
says more than can and I think it was
about plain enough for everybody to COM
prehend. eA
Just before the announcement of the
/ final vote electing the directors was an
nounced. Judge Doyle, speaking for Mr..
! Ramsey filed formal protest against the
election as directors of the Wabash road
| of Russell Sage and George j.. Gould on
the ground that they are directors of the
Missouri Pacific road, which is a CONS
peting line of the Wabash. His protest was
/ placed on file
Ramsey's First Defeat.
Mr.. Ramsey's first defeat came in the
morning when the result of the bond hold
ers' caucus was announced. 1t was ad-
mitted that his greatest strength lay in
the proxies given him by the bond holders
but he was unable to elect himself as a
director securing but 3l,040 votes, against
the 285lO cast for each of the six men
nominated for directors by Mr.. Gould. Mr..
Ramsey made no nominations, but cast all
the votes he controlled for himself. He
made a demand that he be allowed TO cast
his vote under the cumulative system, but
this would have only given him l9l04O
votes and he could not have been elected
even in that manner. The tellers refused
to allow a cumulative vote and Mr.. Ram
sew was forced to content himself with
the smaller number Of votes The names OF
the six men who were yesterday nomi-
mated for bond holders directors were
withdrawn by Mr.. Gould's attorney, George
Greer, as soon the caucus opened this
morning, and for the names OF Russell
Sage, Robert C. Clowry and w. p. Saun-
ders, those OF Thomas Hubbard, f. T.
Jeffery and John T, Terry were substl-
tuted Winslow S. Pierce, r. M. Galloway
and Edgar r. Welles were placed in nomi-
nation a second time. After the result OF
the vote had been announced Mr. Ramsey
offered a protest through his counsel, Judge
Doyle. against the action of the tellers In
refusing to entertain his demand for a
vote under the cumulative system II was
spread on the record" and an adjourn
meut taken.
Caucus of Stockholders.
The caucus OF stockholders made much
, more rapid progress than did that OF this
, bondholders. The roll call to determine
, whether or not a quorum was present wai
, concluded at $50 o'clock, when recess
of two hours was taken. 1t was roughly
: estimated before the figures had been cas-
. up that the call had shown that close L
s6OOO,OOO out of 100000 of the stock wal
, represented. The holdings OF the GoulC
family In shares are as follows: Estat,
OF Jay Gould. 5000; George ]. Gould, 1900
Edwin Gould. 100; Sidney NJ. Gould. 40
Mr.. Ramsey throughout the stockholders
caucus made the same objections to tn,
, voting OF the stock held by the Iron Noun
tain and Missouri Pacific as he ofere,
yesterday against the vote Of the bond
held by those two companies. The I'm
spectors ruled against him. He also sub
mitted a number OF afidavits from peopl
setting forth that they were the actua
Z owners OF stock which had been loane,
3 BY them and stands on the books unde
. other names. He protested that his proxie
/ from the ahiants should be given tn
l. preference over the proxies sumbitted b,
E Mr. Gould which were given by the peopI
{ in whose names the stock stands. although
they are not the actual owners The in
4 spectors held by the stOck-book in ever
r instance, and Mr.. Ramseys objections wer
Z overruled.
n In view Of the decision of Judge Taylo
$ In the St. Louis case" said Judge DOYLE
y 'ft is dificult TO see how the attorne
o generals OF the states through which tn
Wabash runs. can avoid a suit to inyali
v date the election, Mr.. Ramsey, however
e has. 50 far as 1 know at present no i'm
: mediate intention OF oontesting the eIec
tion. He may decide 10 start somethinl
later. however"