New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-06
GOULD AXE HITS RAMSEY.
HEAD OF WABASH FALLS.
Railroad President Summarily Re
zpoped-DeIanO His Successor


yozeph Ramsey, tr-. was removed yesterday
s4re-noon as president Of the Wabash Haliroao
Co1nanv and Frederic A Delano was elected 10
sBoeeed him Mr.. DeIano. who has been hrst
80 ,-esident. VII have barely week TO serve
under the action Of the board yesterday, in the
o47ce - which he has been promoted, but his
s.1e-+io7 means that an important tactical
o,-+ has baer scored BY the Gould interests
As he not Nr- Ramsey. Kill preside over the
annual meeting Of the stockholders next Tues
day at Toledo
T Is practically q certainty If the Gould IN
+e-ests carry the annual election the new board
~ directors will elect Mr.. Delano as president
[ur the coming year.
Eight directors including Nj. Ramsey were
-,rasent at yesterdays meeting. which Mr.. KAN
ssZ says was special meeting and liiesa-' aS
he had only few hours notice Of it although
n. bvlsvs require hve days notice, but which
hts onponauts declare to have been an adjourned
a4,-,e continued from the session Of Monday
-s.hen against his protest, It was voted 10 e1-
lend MI Rarnsey-s leave Of absence as president
from October l. the date fixed several months
ago as that Of the expiration Of the leave, until
October 10
Mr. Ramsey was not named IN the resolution
Of custer, which ran il these words;
Resolved. That the president Of the Wabash as
railroad Company be removed and F. A De-
lano be elected IN his place
vigorous protest was entered by Mr.. Ram
sev. but the resolution was carried by the az
Arnatfve vote OF all of the members Of the
hoard present except himself After the meet
ing Mr Ramsey shook hands with Mr.. Delano
and congratulated him upon his election
Asked after the meeting upon what ground
the action of the board had been based, one Of
the directors answered: ''Alr. Ramsey was re-
moved for cause. the cause being that he had
made an attack upon the company, which was
an unprecedented thing TO 90"
George J Gould was in his Office directly after
the meeting. but declined 10 be seen or to make
snv statement concerning the deposition Of Mr..
Fausev President DeIano took charge Of his
office Al once When seen late in the afternoon
he begged TO be excused from discussing the
action
Mr.. Ramsey and have always been friends
hitherto in the railroad business said he. and
I do not want 10 come into this controversy IN
arv vrav. As to Nr- Ramseys charge about the
5uegalitv Of the meeting 7 can say nothing
an not lawyer. but there were several good
-sv-ra-s on The board at the meeting and 1
presume that they would not attempt anything
iuezaL II was the general understanding that
yrfg vas an adjourned meeting
LIKE BOYS. PLAY" SAYS MR. RAMSEY.
NJ Ramsey seen at the Holland House last
night characterized the action Of the wabash
directors in deposing him only q rev Gays III
advance of the annual meeting as petty ana
like boys, play" He expressed the Dehef tnsI
il could serve only TO put the directors in an
unenviab-e light
7 shall not said Nj Ramsey question the
r.o-re~ of rba directors 10 retire me. but there
ie = legal and regular mode Of procedure The
bylaws provide that a FIVE day notice shall pe
given OF all special meetings called by either the
president OF any member Of the directorate 1
received my notice issued by Nj Gould' as
chairman OF the executive committee, TINS MORN
Ing registered my protest IN the nl5e'i'is'
and Of course. was overruled
Yes the action taken was according 70 pro
Eramne. They did exactly what they intended
10 do when they NETT vas ike the iauhehlns
0, shir on ways mat were creased pre-
s1lne SIR Deiano IL de facto president OF the
Bei-a asked r he should institute any legal
action 10 review the alleged irregularltS OF ms
deposition Air Ramsey answered III the Mega
live an5 said he had more import2nt matters 10
Cj6as-io-ed ss TO tr4 Immediate surrender Of
Is Office Yu The Western Union BulidlhG- Ni-
Aamsev sand Thai mail sent to that address
sae@ld still reach MIN
WILL co TO TOLEDO.
~shaIi you attend the annual meeting next
SGesGav at Toledo" was asked
"Provideuce permitting. / shaL he present
Asked ba,. rba matters mat interest him in
sdvarce OF The meeting We're proceeding, Mr.
I3ausey said -ver- satisfactorily
Nr Rsusey's attention being caitea 10 Llt
statement made Oh behalf or the Gould interest
f-at it - rot unusual for enc road 10 own @.ia
tEete the securities of another fp4Cs ne salt.
.~r.zt i ryue but the laws Of Missouri and 4
humber Of other states Well aF the federal
statutes prohii5it the holding and voting by one
road ~ the stock Of another p9raiei and COM
le1ing line II th5s IS done in any other ii!-
stance than ine one uu5er coHsdeTa ton. that