New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-11
GOULD DEFEATS RAMSEY
~. HARRIMAN GIVES AID
Rattle for Control of Wabash Lasts
Until Midnight.
az Telegraph @ rhe rrlhune.l ]

continuation of the meeting to-day to be elected
director
The first surprise of the day was the prima
tacse evidence that George J. Gould and Ed
rard H Hartman had patched up all differ
snces and had Joined hands, at least in so far as
,se wabash fight is concerned.
This developed when the debenture bond
,roxies we're checked. When the name of Har-
-iman was read off it found that forty
e,sbt of the fifty votes to which he was entitled
had been given to Gould by his proxy. while
psnsev drew only two. With the recent fight
between Gould and Hartman fresh in the minds
If fnanciers. it was commonly conceded that
hartman would line up with Ramsey. and 1t
was even suggested here yesterday that Harri-
man was already assisting Ramsey. This morn
iness developments, however, either absolutely
dsprove this statement or else there is some
hing deep and dark underlying Harriman's
actions
When the proxies of the Farmer Loan and
Trust Company and the Mercantile Trust Com
pany Of New-York, were, produced. giving to
Gould the right to the 5435 votes represented by
the bends owned by the Missouri Pacific and
Iron Mountain. which are held by the two trust
companies J1dge Doyle formally entered pro-
test 10 the inspectors of election against the ad
mission Of the votes. He declared that they
represented securities which held by lines
parallel TO and competing with the Wabash
road and that the holding of such securities by
such railroads is illegal. and that therefore any
votes representing illegal holders could not
,,1ser the law. be received He said the holding
Of wabash securities by the Missouri Pacific
and Iron Mountain roads was in direct viola
ZION of the laws of the United States. and also
Of the laws Of Ohio. Michigan. Illinois, Indiana
snd Missouri in which States the Wabash road
operated
The protest now make against the votes
-snresented by these two trust companies" de-
c,area Judge Doyle. 'T shall repeat tomorrow
= -. csncus of the stockholders. and 1 now
serve notice that the result Of any election in
,-,io,, +bese votes are counted will be hereafter
contested in the courts
vinslow s Pierce. counsel for MI Gouio'
.rr,a5 70 the transfer clerk and asked; heSe
bonds are properly entered on the ooohS' a
they not. and the trust companies appear 00 '--
uarties controlling them?
yes sir" ana
.Then count them for Mr.. Could ne saip' aii0
The caucus was resumed - .x
rough estimate of the teliers As els ass
Gould has SO o90,oo0 of the oohuS oi-1
p.nsev 81 100000. These figures are IN no
sense official a,5
-rs,ho,t anv particular sensation, but II oe-
velonea as the work proceeded II is the i.o'
,b.t as surely as there is an election OF uie
wabash directors, there is bound TO De lee"'
Aeht such as the country has never oeLoie
sea, and in that fight sensations galore VIII DC
snrung. To the close observer IL was e'iue"'
that Ramsey has two hopes One is 10 laliu on
the directors board and the other is TO get the
railroad into the courts. and ne is eeIlihs 10
of good evidence from the stock ana Doiu D'0iN1
s-7f election.
To show thar a legal light is certain it is only
nscessarv 10 note the innumerable protests over
to-aav,s work. The first move of the Goulu
forces the taking of the chair by MT Gouio'
drew forth a stern protest TO the inspectors
Then every proxy or every man VINO eii'ei00
into the meeting who was in any way ass
eated with the Missouri Pacific or the iron hlouii
tain was protested in every way. In aooitioH
70 this Ramsey says that he VIII vote ms ooAi10
on the cumulative plan. L he Goes ne VIII O0
s,~a,tor IF he does not he cannot get on.
e,o,,,s cows that Ramsey will not vote his
bonds on the cumulative plan, as he conteiios
thar tba law specifies that bonds must be voted
seooraing 70 the specifications of issue, ana
that the wabash bonds do not specify that tney
can he voted ct,mulatively. This is the most
salient reason of a law suit. as it is point IN
Ohio law which is beyond the jurisdiction OF
The inspectors. On this point also hinges the
life of Ramsey in so far as the Wabash IS con-
cerned.
An amusing incident occurred when the name
of Russell Sage was called. The quesuon was
asked of Ramsey: Have you any OF Mr
sages votes?" Ramsey replied: mo, 1 have
none but it took Sage a long time to decide
against me-"
Practically the only statement made by Mr.
Gould to anybody regarding this meeting was
made by him TO The Tribune correspondent as
he came down in the elevator to supper
This is terribly tiresome and tedious work.
is it not?" was all he said. SO far as is known,
he has said absolutely nothing concerning MS
fight and, although it is evident that the strain
IS hard on him. he is calm and collected at all
times.
Practically the entire day from a. m to I
p. m. with the exception of recess of one hour
noon, was given over TO the submission OF
proxies and the discussion OF eligibility. The
work was tedious in the extreme. Many proxies
We're filled out in 2 faulty inaccurate manner
and much time was taken up in Strengthening
out the difficulties they presented. There were
dozen cases where both sides held proxies for
the same bonds. and these We're the cause of
much argument.
The majority Of the holders Of the debenture
bonds We're shown 10 be private individuals in
all parts OF the country. Few of them stand in
the names of brokers or financial institutions.
The entire holdings of the Gould family were
shown to be but $4,000 OF the directors of the
road, Winslow S. Pierce holds thirty bonds Mr. |
Ramsey owns ten e II Hartman owns fifty |
bonds. and he voted forty eight of them for hIr
Gould and two for Fir. Ramsey The meeting |
opened promptly at o'clock. with Mr. Gould |
presiding. Mr.. Ramsey sat a few feet distant |
but the two men could not see each other. and |
neither bowed nor spoke.
Judge Doyle, counsel for Mr. Ramsey vas /
st once his feet, offering objections to Mr.. |