The Minneapolis journal., 1905-10-11
RAMSEY ROUTED
BY GEORGE GOULD
Control of the Wabash Road
Continues in Hands Of
Gould.
VICTORY WON BY
OVERWHELMING VOTE
Ramsey's Demands Rejected, but
He Will Contest in the
Courts.

Toledo, Ohio, Oct. 11.-George j.
Gould this morning won decisive vic
tory. over Joseph Ramsey, Jr., in the
contest for the control of the Wabash
road, electing all of the six directors
to be chosen by the bondholders.
The vote cast by Mr.. Gould was 228,-
$40 against 31,840 for Mr.. Ramsey. The
cumulative system which would have
given him 19l ,040 votes. This was dis
allowed by the tellers and MI. Ramsey
got only the 31,840.
Gould Withdraws Names.
When the meeting opened this morn
ing, George Greer, for Mr.. Gould, with
drew the nominations made yesterday
and substituted the names Of Thomas III.
Hubbard, E. T. Jeffrey, John T. Torrey,
Winslow S. Pierce, R. M. Galloway aud
3. T. Welles. The names withdrawn
were, those of Russell Sage, Robert G.
Clowry and w. B. Saunders.
Vice President Blodgett as chairman
of the bondholders' caucus announced
that the total vote cast by the bond
holders was 260,350 and Mr.. Ramsey
at once offered objection, declaring that
Der stated by Mr.. Blodgett to the extent
of 10000 votes. He demanded the right
to check his list with that held by the
inspectors, but after long argument
this was denied him by the chairman.
Mr.. Ramsey was asked If he desired
to make any nominations, but thru his
counsel, Judge Doyle, he declined, say
ing that he would vote for whom he
pleased and did not care to nominate
anybody in advance Of the vote.
Demand by Ramsey.
When the result of the election had
been announced by the tellers, Colonel
Doyle, for Mr.. Ramsey, demanded that
the ballots cast for Mr.. Ramsey be
given to him. He declined to say what
he wished to do with them, and after
considerable argument they were hand
| ed over. He then made formal protest
| against the action of the tellers in de-
| clining to allow Mr.. Ramsey to vote
| under the cumulative system, and his
protest was placed on record. Chairman
Blodgett announced that the six direc-
/ tors of the bondholders having been
elected, the caucus was dissolved.
Immediately afterward the caucus OF
! the stockholders was called to order
and the same tedious examination of
! proxies that consumed SO much time in
/ the bondholders' caucus was COM
1 menced. 1t promised to continue even
4 longer than The examination of yester-
day for the reason that there, is .$62,.
| UO0U or STOCK against $o5,UOU.Uuu OF
bonds, and it is even more widely held.
Many questions relative to proxies that
will come up in considering the stock
were settled yesterday in handling the
bond proxies and this may shorten the
meeting somewhat. It is generally be:
4 lieved, however, that the meeting will
! continue over into Thursday.
:: Ramsey Has No Chance.
It is admitted by Mr.. Ramsey's at.
torneys that his greatest strength. lay
in his bond proxies, and inasmuch as
q he failed to elect himself a director this
! morning he has no chance in the stock.
holders caucus.
The cumulative system of voting is
allowed in the stockholders caucus, but
: inasmuch as Mr.. Ramsey could not have
won, even under this method, in the
caucus of bondholders, he has no possi
Bile hope in the caucus of the stock
holders.
| Yesterday when obiecting to the vot
ing of the stockholders Of the Missouri
Pacific and Iron Mountain railroads
Judge Doyle, counsel for Mr.. Ramsey
, served notice on the caucus that if the
stock was voted against his protest, thai
the election would be contested.