Los Angeles herald., 1906-10-18
SAYS FISH ACTED
IN BAD FAITH
HARRlMAN'S AID HAS TILT
WITH PRESIDENT
illinois Central Stockholders Meeting
Results In Victory for AdmInls-
tratlon--New Developments
Are Looked For
BY Associated Press.

BY Associated Press.
CHICAGO. oct 1.-THE Illinois Cen
trail stockholders meeting today was a
battle of giants.
At noon the stockholders' meeting
was called to order by President stuy-
vesant Fish amidst expectant silence.
Mr.. Fish stated his side Of the con-
troversy in a prepared statement which
was in part as follows:
For the first time am called upon
in behalf of the stockholders to with
stand a forcible and organized effort to
change the policy of the company, and
In the interest of ten and one-fifth of
the stock to turn it over to those who
control another railroad system.
For year or more past 1t has been
a matter of public notoriety that those
connected with the management of the
Union Pacific system of railroads have
been purchasing shares Of the Illinois
Central company in large amounts.
During June last l sent out, as has
been my custom for many years past,
notices to each and every stockholder
of record, the time and place of the
annual meeting with a request for a
proxy; from which form of proxy
this year, for the seasons above stated,
omitted the name of e. H. Hartman,
president of the Union Pacific Railroad
company"
Grinnell's Successor
Mr.. Fish outlined to his auditors the
meeting of July 1S, at which he was
assured by Messrs. Hartman and Pea
body that there was no intention to
turn over the control of the Illinois
Central to any other corporation, and
that a successor of Mr. Grinnell would
be chosen in one who would be a man
of character represent all the stock
holders and be personally satisfactory
to Mr.. Fish.
Replying upon these representations
Mr. Fish on the next day, after a
further conference, signed the agree
ment before mentioned. Mr.. Fish con-
tinued:
"At the regular meetings held in Aug
ust and September there was a bare
quorum present, seven members. On
October 10. 1906, a special meeting of
the board having been called, at which
there were present eight directors,
realizing that this would be the last
occasion on which it would be possible
to get any considerable number of them
together for the purpose of carrying
out the understanding reached on July
26 and 27. / asked the directors present
TO remain IN the room at the ADJOURN
ment of the board which all of then,
did.
There were then present Messrs4
Welling, Harrahan, Hartman, Luttgen,
Beach. Astor, Vanderbilt and myself.
II then took up with them the ques-
ton of a successor to Mr. Grinnell.
Surprised by Hartman
Before any discussion was had be-
fore the directors on this matter l was
surprised on being presented by Mr..
Hartman with written comments pre-.
vfously procured by him from certain
directors who gave notice to me and
others of the selection of Henry w. De
Forest director of the Southern Pa
cif1c company, a subsidiary corporation
of the Union Pacific; this in contraven-
tiOn and utter violation of the under
standing and agreement that an inde-
pendent man not affiliated with Union
Pacific interests should be brought in
to the board.
81 promptly stated that this was not
in accordance with the agreement; that
it was a violation of the assurances
given me and that would not cast any
proxies that held for Mr. De Forest,
reported to be one of Mr.. Harriman's
private counsel, inasmuch as this
would be doing the very thing which