Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-29
Rumors of Settlement of Fish
Hartman Controversy With
out Foundation
JULY AGREEMENT
THAT
Hartman Interests Claim President
Fish Did Not Live UP to His Con.
tract-Fish's Friends Say a Trap
Was Laid to Secure Control Of tho
Illinois Central.

New York, Oct 29.-Rumors Of a
troversy We're said yesterday. on the
highest authority, to be absolutely
without foundation. The quarrel is as
bitter as 1t was on the day Of the an
nual meeting, when President Stuyves-
ant Fish refused to carry out the
agreement made in July last, whereby
he was to accept director to be chos-
en- by a majority Of the directors. At
the annual meeting on October II In
Chicago these directors presented the
name of Henry w. DeForest, one Of
the Southern Pacific lawyers. Seven
directors announced that they had
chosen Mr.. DeForest In accordance
with the terms of the July agreement.
Mr.. Fish thereupon declared that Mr..
DeForest was unacceptable to him be-
cause of his Southern Pacific affilia.
tons. He thereupon elected J. D. w.
Cutting, Of New York, director Of
his own choice, but did not vote the
Hartman proxies, which had been
turned over to him by Kuhn. Loeb G.
Co., on behalf of Mr.. Hartman.
Since that time the breach between
Mr., Hartman and Mr.. Fish has con-
tinued to widen. The banking inter-
ests allied with Mr.. Hartman declare
that Mr.. Fish's breaking of the signed
agreement Is to them inexcusable, and
they are therefore aiding Mr.. Harri-
man in his fight, which is to come to
an issue at the meeting OF the board
for organization some time early in
November. The issue Of this meeting
will depend entirely upon the attitude
of Second Vice President Harrahan,
who holds the balance of power in the
board. There are thirteen directors:
six OF them are openly in favor Of Mr..
Hartman and the six are allied with
Mr.. Fish. Vice President Harrahan
signed the nomination Of Mr. DeFor-
est with the six Hartman directors,
but he has since denied that he is OPP
posed to Mr.. Ffsh's reelection.
The famous agreement Of July 20,
1906, which has caused all the bitter
ness Is as follows:
"Tnree outgoing directors to be re-
elected.
"Mr. Grinnell's successor to be Sc
lected by a majority OF the several
directors acting.
"Mr. Peabody's resolution July 1S to
be Withdrawn and mot to be revived
this year.
"Mr. Hartman will ask that the
Hartman Kuhn-Loeb proxies be given
to Mr.. Fish.
"Signed) Stuyvesant Fish, Charles
A. Peabody. and E. H. Hartman"
The banking interests claim that this
agreement was absolutely binding up.
on Mr. Fish, and that he was in honor
bound to select the candidate named
by the directors, even tho he discover
ed that the candidate named was a
partisan Of the Hartman interests.
Mr.. Fish's friends take the opposite
view They declare that the evident
intent of the agreement was the cleo
ton Of a director who should be alb
solutely non-partisan. This difference
Of opinion seems to be irreconcilable
Efforts to patch up a truce have ut
.terly failed. The result Of the fight will
depend entirely upon which side can
muster a majority of the directors at
the coming meeting for organization.
Wall street is awaiting this meeting
with deep interest.