The Washington times., 1905-10-11
RAMSEYS FORCES
NOW PUZZLED BY
NEW GOULD MOVE
Old Nominees for Bond
holders Withdrawn,
Substitutes Elected.
TOLEDO BATTLE WARM
Former President of Wabash
Threatens to Guido
Lawson.
TOLEDO BATTLE WARM

TOLEDO. Oct. I.-George ]. Could
made a puzzling move in his fight for
the control of the Wabash today
The nominees for bondholders' dir7c-
tors. made yesterday. were Withdrawn
Just prior to the ballot, and the follow
Ing new list substituted and elected: 7.
H Hubbard. z. T Jeffey. ]. T. Terry.
W. 8. Pierce, r. N. Galloway, and h
T. welies-
With the exception OF Galloway, pres
ident Of the Merchants National Bank
OF New York, these directors were on
the former board.
This move Disconnected the Ramsey
forces, who expected that the former
list of nominees would be voted sor-
Voted in Bulk.
The bondholders practically finished
their examination of credentials at mid
night. Formal ballot was taken this
morning. Each side voted. In bulk. its
entire strength.
II is not definitely known what the
ballot shows. Information by those IN
touch with the situation would give
Gould s22, ,0e0O 600 and Ramsey N.1o0,ooo OF
securities
This means that Ramsey is completely
routed in the bondholsers' action
The plan OF the Gould people is 10 bury
Ramsey under pile of ballots so deep
that he cannot get peep into Waoasn
affairs from this time on So far they
hold the upper hand Apparently Ram
sey's only recourse is the courts
He objected strongly yesterday 10 the
acceptance of proxies for Wabash stock
owned BY the Missouri Pacific ana iron
- r<<ro cd
for 81 10000 of bonds and saw them re-
! jected-
sion.
Turned Down by Inspectors
Bamsev came in ar the last minute
vitb q zoo 90 of bonds. and was turned
down cold by the inspectors Included IN
/ these rejected proxies were Keen & Co..
for s212. .oeo; Henning & Co. for ase,oeo
and T. ]. Taylor. Keene's son-in-law, for
large amount.
The proxies offered by Ramsey cover
ed securities voted by Gould. ard show
ed a different ownership from that re-
corded in the book The assumption was
! that the securities changed ownership
after September 9, and that Gould had
no right TO the proxies. RamseyAs prox-
les were supported by affidavits- Coun-
sci Doyle, for Ramsey, contended that
under the Ohio law. an unregistered SCI
curity-holder was not prevented from
voting.
One Ramsey protest covered $4,000 In
bonds. a proxy for which was given by
4. r. Hoyt TO Gould The protest set
forth that the bonds were loan TO
Hoyt, who had not the right TO give
| proxy, and that the real owners. Hen
ming & Co. favor Ramsey.
| Reason for Rejection.
Every Ramsey proxy was rejected be-
/ cause the men claiming ownership were
not OF record Doyle indicated that the
reflections would furnish basis for con-
| test.
The 81 100000 thrown out would have
probably enabled Ramsey, by the cumu-
lative plan, TO secure one director on the
bondholde.s board
| II is stated on the authority OF the
leading lawyers attending the sessioa
that Ramsey will outdo Thomas W.
Lawson. He threatens to make public
the alleged .frenzied finance" Of rail-
roading. He will expose alleged manfp-
ulation of Gould line securities, which
manipulation, he claims. was for the
purpose of sitting competition and was
in restraint of trade
When Ramsey Kicked.
II was when one OF the Gould men
presented the proxy of the Mercantile
Trust Company for s5,zs5.ooo worth OF
bonds that Ramsey kicked. and indi-
Gated what he would do in the courts
TO Gould
Doyle spoke for Ramsey. He told how
the ST. Louis. Iron Mountain. and South
ern railroad had. through the Mercan-
tile Trust Company. authorized Could
= or any of his aides. to vote these securi-
. ties at the Wabash meeting
The securities are Wabash bonds
. which are owned by the Missouri Paci-
: nc and Iron Mountain
Doyle objected 10 the voting Of this
proxy of the railroad by the railroad
; or anyone acting for them He objected.
{ he said. because the ownership or voting
: of Wabash stock by rival and conpet-
ing line was a violation of the laws OF
Missouri. Michigan, Indiana Illinois.
, Ohio. and Nebraska. where Gould lines
penetrated. also of the United States
laws the Constitution, the sherman
, antitrust law. the Elkins law, and the