Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-07-08
RESULT OF RECENT INQUIRY
President cassatt Issues Very Sig
nificant Order.
NOT OPTIONAL WITH EMPLOYEES
1ney Must Be Absolutely Free to Dis
cnarge Their Duties Impartially-
Mandate is Sweeping.

President A. ]. Cassatt threw a
omob into the Pennsylvania rail-
way camp yesterday by issuing a
sweeping order to all employees and
oihciais OF the company requiring
'hein to part with all holdings of
STOCK which they may have ac-
CURED. The order cites the fact that
1t is essential for the companv's
servants to be free and unfettered
IN order that they may attend to
the companys business impar-
TALLY.
PHILADELPHIA. Pa, July 7-Acttne
upon the recommendation of tha s,ao,aI
committee of Pennsylvania railroad di.a,
tors appointed to investigate stocL o,ynor
snip by employees of the COMPANY pras,-
Gent Cassatt today issued a general order
10 all employees requiring them To disnosa
OF all coal,s mining other stocks which
they may have acquired The order ts as
follows: ID
Inc attention of all officers and cr,-
pioyes Is directed to the following extrac,
from the preliminary report of tho snaotI
committee of the board of directors an
pointed May 23 1906 to examine and re-
poil upon the Facts connected with the ae-
QUESTION and ownership by any officer mr.
employe of the company of stock or otbar
interests, IN any other company or associa-
tion the holding of which can in anv man
ner anect the performance by such ntficar.
OF emeioyes OF their duty to this company
or the performance By the comnanx+ ~ ~ -
duty to the public.
Must Be Free.
Under the conditions of TODAY as thsv
have been stated it is essential that all ON
GERS ana employees should be absolutely free
to discharge their duties impartially An
plying this principle to the coal trade as an
Illustration, the keen competition of today
requires every officer and employe of the
PENNSYLVANIA Railroad Company to part
with any investments which he has in the
shares of any coal producing companv and
also TO part with any interest which he
mas In or with any firm or individual min
ing coal on any of the lines of the Penn.
sylvania railroad system. and every officer
and employe should be required to refrain
from any investments Whatsoever which
may possibly prejudice affect the inter-
ests of the company or interfere with the
companys full discharge of its duty to the
public
The Company's Duty.
The report of the special committee hay-
ing been adopted and approved by the
board OF directors of the PENNSYLVANIA
Railroad Company at a special meeting
held July 2, 1906. all officers and employes
are required to divest themselves of any
interests, direct indirect that they NAV
have In stocks of any coal companies or in
any firms or with any individuals owning
or operating mines located on the Pennsvl-
vania system of dealing In coal produced
therefrom, and also to divest\ themselves
OF any interests, direct indirect that
they may have in any companies or firms
with any individuals engaged in any
other business where the holding of such
interests might in any way conflict with
their duty to the company or the company's
duty to the public.
(Signed) "a. J. CAssATT, President"