New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-28
RAMSEY FLAYS G0ULDS.
ST4TES WABASH CASE. |
Forecast of HIS appeal to Stock
holders for Pr0pies at Neat Meeting.

The statement which President Joseph Ramsey.
jr., has for several days been preparing. going in
detail into Tie reasons which led MIN 20 issue his
public appeal for proxies for use at the annual
meeting OF the Wabash Railroad Company on Octo-
Der 10. mailed last night TO the Wabash stock
holders and debenture bondholders. Mr. Ramsey
refused to give out copies of the statement in ad-
vance Of it's receipt by the security holders of the
road. but letter from him. published yesterday by
q news bureau, which had previously printed
article on Why Ramsey's Plans Are Opposed" is
probably Of much the same tenor the statement
This letter quotes the news bureaus informant
saying that if the Coulds lose control Of the
Wabash the Wabash would not get more out of
Chicago than it is getting; whereas great
traffic that comes TO it at Kansas City and at St.
Louis would be lost and continues, in part as
follows:
This gentleman evidently does not know that the
Missouri Pacific gives practically nothing to the
Wabash at Kansas City; on the contrary the Mis-
souri, Pacific is the sharpest competitor the Wabash
has between St Louis Kansas City and Omaha
petitors of the Wabash BY having its traffic head
Your informant has probably not heard of the
Rock Island, the Santa Fe, the Union Pacific and
allies Of the Wabash at Kansas city for St. LOUIS
and other traffic, which traffic and friendly re!a-
these lines to be dominated by the Missouri Pacific
interests. He apparently does not know that the
Island all reach St. Louis and whereas the
W f4rmeTy JeGyee g0q9y n+ T @ 81 Fouls l
they now, favor the lines competitive with the he
ST. Louis competitive with them
The Missouri Pacific and Iron Mountain can de-
if they delivered ali their traffic at that point 70
the Wabash for Eastern points, it would help
somewhat TO make good the loss from other lines;
but the Missouri Pacific works quite closely with
the other strong Eastern lines-the Big FOUL IIf
EandaIia. Baltimore and Ohio, etc-that the MIS-
souri, Pacific may get some of these lines trafnc
The Wabash is also a heavy loser in traffic at
Chicago and Omaha on account of being Gouu!d
coast line reaches Chicago, and naturally they de-
sire bring their traffic to that point for the
tain do not reach Chicago: The Wabash has a
good line eastward from chicago and, natorai ny
Ess ~SsI 1E HL 81 pa Rnrfingtor Union pa
Re h9ck lslahu 81. r7 c.raat Hortberr lines
etc-but all these lines in direct. Or at least
west, they throw down" the Wabash and turn to
its competitors who are not IN competition
The traf1o statistics Of the Wabash Will SHOW
since the placing OF al! the GQba H Hdes fro
other sources land the records Will not snow al
Of it. and this loss would have been gre4ter IL
had not prevented the entire control OF tFiilc pass
ing from my hands 49, e-u+ a,ef.r.noa
between Mr. Gould and myself and Mr.. Gould no!
only admitted TO me some four months ago ma ina
ing the two years had justified your my posi-
ton. but the traffic department OF me oIber
Gould lines by Mr. Goulds own acton IN the las'
When I declined TO let Wabash cars be taken
from our good paying local traffic, % so into thls
Joint Wabash Missouri Pacific traffic, when the
Wabash losing money on it was aGElseq 7 DS
Mr. Bird that he was acting on Mr.. Goulds orders
The gentleman also says unaeF I4 PamseT has
had something TO do with this policy during 1 the
to the utmost 1 cannot why this great danger
of Ramsey running it should scare anay one.
When I became Connected with the Wabash N
1903 found deficit nearly S9900o. largely due
70 The navment on GebeutUFe AS when such pay
nsnt had not been justified by either the earn
ings OF the condition Of the property Taseh o vas
~, tO a
frv' was responsible for that condition. Certainly
7o+