New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-03

r.. ,,-,~ aXpected statement or Joseph Ram
nrssident Of the Wabash Railroad Com
-, addressed to the holders OF the company
.o,,ures and stocks. and attacking George J.
|-a.,5 was made public last night, but under
~ hor III Alr. Ramsey says, in the
1egirnine Of the long statements
When opened tho campaign for proxies stated
not going 10 make II 4 PERSONA @ f olgi pnl M hS
lls.,rstcn-z made II not by Nr Gould. hy members
Of his kieRF. . an, forced 10 reply to them
II ! now due my Own reputati my friends ana
those whom ] have asked 10 honor me with their
y,royics that z should answer. aud answer openly.
tie soreS T''T .rT Tr aGd other herr Could adheTents
and they and rot J. are responsible for this letter
In what I write I shall write the facts without
comment or Intentional imputauon OF improper
Of course IN A letter like this can only
briefly sketch the most important items. but many
= LHrl$ ies65e G l5'f u1 to tfe mai sniit '''
The stories being circulated are OF several varIe
Street @ 1ppfns II G Is Hal 5 IF % FEr56d6 10 ar could
q made e 2mS2 FBT6ne 2"R % 10 re, 'f n FqiSiaf Tit
Wall street nrsaehins gratitude to Could :
nan Who is a1iing responsible position as a
permit personal gratitude" TO warp his Judgneha en-
or Hind him % the rights Of al the owners Oh inc
property.
QUESTIONS GOULD's AID
ad 9f q2gd make s s,s n2q been To the .ias df
woFIq veaTs 1hn baoTS Fo' met @ Sr Gould and had
some little standing IN that zero Of a tbe nv Wsbash
man If the highest fyPn ana firmost convictions
@ g5sS a sna fyg5 & dn H4dq n f IS al aitboaah my
t M bin M 9S dge 10 NJ ny the epResais RPeoris
arI Pen T9n Raway In the @ same ne Eear'& 3 & an9
Terminal Railroad Association "a position promised
gHn before left the general r,trr nj a
5d not Ss he presidency because Mr. Gould oP-
PoSea ne 1a1n me a sSTIIarn raVays' votes for
the ne reason that II was not Could man
66 IN '2 s4 NE FeeFa 7ans s of The Wabash a
e o1Psr Hr Cg4 5ceepteG Mr. Ashleys ofer and had
trouble OF any kind with Mr.. Could in fact. have
eI5 SIrTort in all matters up within the last two
sears IA @ 9eR aS @Sf eoe pFesden5 Of the Wabash
thought I had earned il No great cause for graft
TSa sgT9e item says: 'AIr Ramsey, as an en-
fIon he has II h did not like Mr.. Goulds polcy
q seBEs WsS a 9PeR Pldg9 ne @ Of # Mr Gould was Of The
isa 9Tarested in the oonlpanv and Il was my duty
10 oppose II I did not approve But did resign
Goalds Polioy, Or. rather, the policy and metnods
Of # his advisers and if ny TssiFbat0n a 4eEsn aaf
conditions would have been avoided. r-o-,,,.-
.u support ped and ffiendship and
tade b. working night ana day ore 10 Ss before The
board as late May Is 1906. Nj Ramsey has
done the work Of three men 59r The .s WsSssh ticn SGc
according 10 one story owe to Mr.. G4ulo & ~ I.lIe
Stnee that I able IN take care Of my family
fnG f5on HFe t W9ba5R @ oanot @ make M could part
OF that Providence. II is true that vas IN sev.
number of OF all these syndicates, four IN
number, made up three originated ed them. them and
Could projects The fourth vent tnt9 2 at MT MT
Toledo syndicate and the Western Maryland syn
or to be made under plans Of the New-Yor coterle
and ''securitles'' only distributed The other two
which I managed clear 70 the end, were closed, or
ieA orofit over interest CHARGES without the slight
ef or assistance from MT Gould and his ad-
visers.
The story is told by NJ Gould,s stherents that q1
Ransey A in the @ snqs4s P6e pre-
tune: When the syndicate was made up signed. med
Could asked me few days later who was 1J. gong
IN with 5 f gald ens TSf n gel snfe o. all co9d
carry. He very kindly said Il Will take care Of
have him do this Abo1t one year later Mr. Gould
&m &m me ne If TGgd Rs Wiling 61 Mo to lff v5e 6dm as haze e
wanted Mr.. HYDE interested. I said if he wanted
co16t r9F Of 9 his beng tired Of Carrying It 50 long
would make other arrangements He said II
sny place U5 else This left 10000 in my name When
bB dftst2a 5a3 o % 6P e @ e sd 4g 7P d me me-
70 surrender the other $1,000 and ne had s2ld my M
fIyfng I'D the bonds At an average Of 50; when
ticaIly compoGnded his . per cent interest on the
loan. closed up my Investment 7: WITH MI "ouiG QUO
fortune for which I should he grateful TO Mr.
out of the two sndestes banded 5 and ci9Seq aS,t
s51e0 more than he paid in. / think MI Goud
As the properties Of these two syndicaes referred
10 were nor sold to any Wabash interest none or
GouId or 7 was interested ..
Enough about personal matters.
THE. PITTsRURG EXTENSION
Another Of these underground stories. and one
which has also been referred to in newspaper items
refers 10 the cost 9f he f1tts6urg JermnaI.ot or
he WGeeiing and Lake Erie stocks the Pittsburg
Terminal main ijne and real estate IN Plttsnlrg
more 4 norton Of the excess cost due to
Understanding. for which admit responsibility
but much of il due 10 things for Which diners
must assume At least q large portion oi the re-
Had he main line been built upon. he lines as
originally laid and at that time y would hoI
jecided 10 90 ahead MT could and J both agreed
that we would build If for a double track instead
of sivrI. -,5 - +. should he ''bigb class and
modern In every respect No word Of objection to
the cost has ever heen spoken ny NJ. Gould 10 me-
Of his differences with Mr Could Mr. Ramsey
saws they relate 10 the question that IS disturb
ing the great insurance companies: Are cor
rorations private institutions. 10 be controlled
IS private property by a large or controlling
Interest. or are they corporate properties. to be
managed and controlled in the interest Of all
the s.ockboIders?"- He says he viii state the
whole proposition in nutshell and use Mr..
GOud's own words.
ms propel,v ea as peas ai aad ,5 my 's fepg yes M
Gould. on can spend your money and manage ; ou
froperty or q corporation. in which millions Of
head r-,'ef t9ow something about and be con
suited Tita before such large contracts are nau7
These remarks he says. were called out by
letter he wrote to Mr.. could on March 23, given
IN full in the statement in which he protested
- against Mr. Gould's Interference with contracts
FOR freight cars He Gays further on in the state