The sun., 1906-02-22
MOVEMENT TO FORCE FISH OUT
OF ILLINOIS CENTRAL PRESI.
DENCY HASN'T COME TO TEST.
Election OF a New Director Set for Yes
terday Was Postponeu-Harrlman the
Leader OF the Opposition, and the Mutual
Life Situation the SUPPOSED Occasion.

Life Situation the SUPPOSED Occasion.
Mora was learned yesterday about a
movement backed by strong financial
interests to force stuyvesant Fish out Of
the presidency Of the Illinois Central Rail
road Wall Street hears that this rs to bs
done partly as a punishment for Mr.. Fish's
having created an embarrassing situation
for the Mutual Life Insurance Companys
management by res!gnng from the Trnes-
dale investigating committee
There was meeting of the roads board
Of directors yesterday 1t was thought
that a SUCCESSOR to ". Morton Grnnell
would be elected. Mr. Fish had his
forces mustered and it vas expected that
there would be trial Of strength between
the two factions, but the election was post
poned.
Edward H. Hartman is the leader Of the
opposition to Mr.. Fish in the board. 1t
has been said in Wall Street that ever since
the readjustment OF railroad affairs last
spring Mr Hartman has been strengthen
ing his position in the Illinois Central.
About a week ago stories we're printed
at the same time here and in Chicago that
control had passed to the Union Pacific
These stories were denied.
In the Illinois Central board also are
Char rles A. Peabody, president Of the Mutual
Life Insurance Company, and John w.
Auchincloss, member Of the Mutual's
sef-inve stigating committee. Mr.. Fish has
anita gonzed both Of these menn his atti-
tude on Mutual Life affairs and it is repored
now that both Mr.. Pea body and Mr.. Auchin-
Gloss will throw their interests against Mr..
Fish in the Illinois Central board. Mr. Harrl-
mans holdings in the road have been esti-
ma ted ar bet wecn ooand % rer cent. Presl-
dent Pea body controls the holdings of the
Astor estate and other estates Of which
he is trustee or counsel The other 1irec-
tore are Richard Yates, Cornelius Wander.
hilt. Charles NJ Bea CHI John Jacob Astor,
John C, Yelling, Robert W. Goelet, Walter
Lutteen and J T Harahan.
Mr.. Fish has been with the Illinois Central
for almost thirty wears.
The feeling between Mr.. Fish and tie
Mutual Life mana cement has become so
strained that it is practically certain now
that Mr. Fish will retire from the life com :
panv's board of trustees. Little doubt
was expressed yesterday that Hartman, if
ba cked by the Mutual Life interests, would
be able to depose Fish from the railroad
presidency.
The trouble between Mr.. Fish and the
Mutual management dates back seVera
weeks. Mr.. Fish accepted place on the
Mutual sef-lnvestigating committee. after
Effingham B, Morris Of Philadelphia had
declined to serve. William H. Truesdale
president Of the Delaware. Lackawanna
and Western Railroad. was the third MEM
ber of the committee.
The committee in the latter part Of De-
cenlber made a re1uisition on the Mutua
mana cement for information which, 1t Is
said ght. if furnished. have resulted in
suits against members of the company s
board Of trustees. Mr. Peabody practically
refused to furnish the information, holding
that it was no part of his duty to eerve as
a medium Of communication between the
inv estigating committee and the trustees.
He also refused TO comply with the terms
of the requisltion in regard to employees
of the company. because ne regarded them
as impra ctica Die.
Mr. Fish demanded that the committee
should stand NJ lis requisition When the
matter was put to vote Mr., Truesdale and
Mr.. Auchincloss Voted againet it. Mr..
Fish then called on the committee 70 send
copy of the requisition to each Of the
trustees with the request that he answer
the questions that apply to him. This
also was voted down and Mr. Fish got out.
Mr.. Peabody. when asked the other day
why Mr. Fish retired. said:
Did you ever hear the story Of the little
boy who wouldn't play with the two other
little boys because they wouldn't play his
xr-a,,or