The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1905-10-17
GOULD n CONTROL or WABASH
Ramsey Lost Ont nc Every Point and
Was Forced From the Board Of Di-
recton-Gousd Pooled 100. O0o Votes
and Ramsey 3. 600.

rectors-Gousd Polled 460. O00 Votes
| and Ramsey $1,000.
Toledo. O.. October 1I.-Joseph
ramsey. Jr., failed completely today I'm
ibis effort 10 wrrst control OF the Wa
bash system from George Gould. Not
IonIy was he utterly defeated in all he
undertook, but he was forced from the
'board OF directors Of the road and now
has nothing whatever 10 do with its
management in any manner. He put
Iup q hard fight. and struggled gamely
to the last, but was 50 hopelessly In
the minority tina. he never had q
Ichance- He filed protests all through
the meeting. o with the reason. as
he afterward declared. OF being an OBJ
|s~tructionist, but because he desired to
lay the foundation for any contest that
might hereafter be made. He took his
Idefeat in a philosophical and manly
manner, saying:
Il think that with fairer treatment
in the caucuses l might have made a
lmuch better showing than | did. There
were several large blocks OF stocks and
bonds that should have been voted
flor me-"
Mr.. Gould was highly pleased at the
foutcome, although he showed his feel
Ilngs less i'll words than by his man.
Iner and hearty laugh as he contemplate
ed h figures showing the result.
NJ g. -
the morning when the result of the
ibondholders C was announced.
1t was admitted that his greatest
strength lay in the proxies given him
by h bondholders, but he was unable
TO elect himself a director, securing
but 31,S40 votes against the 22S,51S
Icast for each of the six men nominated
flor directors by Mr. Gould. Mr.. RAM
lsey 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 191 ,O40 votes and he could not
lhave been elected even in tina manner.
The tellers refused TO allow a cumula-
tive vote, and Mr.. Ramsey was forced
to content himself with the smaller
number Of votes. The names of the
six men who were yesterday nominat-
led for bondholders directors were with
drawn by Mr.. Goulds attorney. George
Greer, as soon as the caucus opened
this morning and for the names of Rus
sell Sage, Robert c. Clowry and w. B.
islanders, those of Thomas III. Hubbard,
IL. I. Jeffrey, and John T. Terry were
substituted. Winslow s. Pierce, r.
NJ. Galloway and Edgar Il. Welles were
lplacd in nomination a second time.
When Vice President Blodgett, acting
las chairman of the caucus announced
that a total of 26O,35O votes had been
cast, Mr.. Ramsey objected to the state
|ment declaring that his private tally
|sheet showed that the number was TO-
900 less than that. He asked that his
count be checked up with that of the
ELECTION inspectors. This was refused,
Mr.. Ramsey being informed that he
check up his list at any time af-
ter the adjournment He then offered
protest through his counsel, Judge
Doyle, against the action of the tellers
i'm refusing to entertain his demand for
Ia vote under the cumulative system.
1t was spread on the record and an
adjournment taken.
The caucus of stockholders made
much more rapid progress than did
that of the bondholders. The roll call
Ito determine whether Or not a quorum
was present was concluded at $50
when a reces of two hours
was taken. 1t was roughly estimated
before the figures had been cast up,
that the call had shown that close to
|$5O,OOO 900 out of $50, 100000 of the
stock was represented. OF this amount
SAG, 900, 900 or 100000 votes was set
down as the strength Of Mr.. Gould
and So, 100000 or $1,000 votes as that
of Mr.. Ramsey.
The stock is very widely scattered
and the grerrat majority of the stock is
|held in small amounts. The holdings
|of the Gould family shares r as fol-
lows:
Estate of Jay Gould $1,000; George
j. Gould 10000; Edwin Gould 2,1OO;
Jay Gould, Jr., 100; Katherine Gould
100; Kingdom Gould 100; Sidney NJ.
Gould 40.
Mr.. Ramsey throughout the stock
holders caucus made the same objec-
Itions to the voting of the stock held by
1.-THE Iron Mountain and Missouri Pacific
Jas he offered yesterday against the vote
lof the bonds by those two companies.