The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-10-10
ALL G0ULD'S WAY
Annual Meeting of the Wabash
Begins in Toledo.
All the Other Directors Are
Against Ramsay.
FIGHTS EVERY MOVE.
FIGHTS EVERY MOVE.
Claims That It VIII Not Be
Posi- bic to Retire Him.
Fails to Defeat Election of
BOndhOldeFs' directors.

Toledo, o., Oct. 10-The annual
meeting of the Wabash railroad open
ed this morning in the offices Of Smith
& Beckwith, the local attorneys for
the railway. OF the directors Of the
road present when the meeting open
ed were George J. Gould Joseph Ram
sey, Jr.. Edgar T. Wells John T.
Terry, Winslow S. Pierce. Z. T. JEFF
fiery and c. S. Reynolds All Of these
with the exception of Mr.. Ramsey
We're outspoken in their determination
to support Mr.. Goula in everything.
Mr.. Ramsey was eqea1ly explicit in
his declaration of opposition.
The situation did nor change over
night in the slightest degree and there
was no apparent abatement in the
confidence OF either side. Mr. Ram
sey claims that it viii not be possible
to retire him as director for the
reason that he controls at least one
tenth of the votes aaa under the
cumulative system of voting permissi-
bic in Ohio he will be able to re-elect
himself. The Goulds look upon Mr.
Ramsey's connection with the board Of
directors as a matter TO be spoken OF
in the past tense only
'Nr- Gould has fally determined
that there shall be a change in the
put it. There were numors early to-
day that legal steps would be taken by
Mr.. RamSey's attorneys to prevent
the reelection as directors of the
Wabash of George Could, Russell Sage
and James II. Hyde on the ground that
! they are also directors of the Missouri
Pacific, which line parallels the Wa
bash between St. Louis and Kansas
City. but up to the time of the OPEN
ing of the meeting nothing transpired
in this direction
At the opening of the meeting Col
onel Doyle, aching for Mr.. Ramsey.
offered objections to AGr. Gould as
presiding officer on the ground he was
a director of the Missouri Pacific a
parallel line to the Wabash. He also
offered objection to the three in
speetors of election, HIessrs Reynolds,
Cotton and Newtone RTr. Ramsey.
arising from his ssssts said.
I also make objections to them as
stockholders.
Directors Chosen.
On motion Of Mr. Greer of the firm
Of Greer & Pierce. Mr.. Gould's legal
advisers, the objection was spread on
the record After the transaction Of
some routine business the regular
meeting was adjourned to permit of a
caucus of the bondholders. This
caucus convened in the same room as
the general meeting. Under the law
the bondhOlders have the right to
choose six directors, the stockholders
six. and the twelve the thirteenth.
Mr.. Greer nominated as directors for
the bondholders E. T. WelIes, Winslow
S Pierce, W. B. Saunders, R c. Glow
ry, Russell Sage and r. M Galloway.
Colonel Doyle for Mr.. Ramsey, de-
Inanded that the directors be chosen by
ballot. This was voted down and the
men were chosen by roll call. Mr. Ram
sey's attorneys demanded that proxies
be shown as each name was called.
There were great numbers of these and
the operation consumed much time.
Mr.. Ramsey and his attorneys insisted
upon examing every proxy as the name
was called and checking it up with the
| list Of their own proxies. The process
was slow and tedious and one and one
half hours was consumed before the let
ter ''B" was exhausted.
At noon the caucus of bondholders was
still in session with every prospect that
the examination of the proxies would
continue until late in the afternoon. The
bonds are widely held and the number
/ of the proxies very large.
At the conclusion of the caucus of
bondholders the caucus OF stockholders
/ will be called and it is expected that
/ this will consume twice as much time
as the checking up of the proxies of
i the bondholders for the reason thai
there is S62 900. 900 of stock and only
/ $50. 600, 900 of bonds TTith a proportionate
number of holders. The meeting at the
noon recess showed every indication of
! lasting well into Wednesday.