The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-18

ELECTION IN NOVEMBER
HINT THAT SOMETHING MAY
HAPPEN.

Chicago, Oct. 1.-THE fight for the con-
troll of the Illinois Central Railroad COM
pany waXed hot today. Stuyvesant Fish.
President of the road. and William Mel
son Cromwell, representing +. III. Harri-
man. president of the Southern Pacific.
clashed openly before go stockholders who
had come from various parts of the
country to attend the meeting. On the
face of the record Mr.. Fish appears to
have been the victor, but that the victory
IS not a final one is insinuated by Mr..
Cromwell. The representative of Mr..
Hartman said to the Associated Press:
Ominous for Fish.
"Of directory of thirteen people there
are still seven members who have placed
themselves on record in opposition to Mr..
Fish in this contest There will be a
meeting of the board, probably in Novem-
Der. This board will elect the officers of
the railroad. You can draw your own
conclusions
The clash between Messrs. Hartman
and Fish was waged over an agreement
dated July 2, 1906 and signed by Stuyve-
SAINT Fish, Charles A. Peabody and E. III.
Hartman. In June, Mr.. Fish had begun
the collection of proxies for use at the
meeting held today. He states that an
effort was also made by Hartman also
to get proxies through Kuhn. Loeb & Co.
On July Is Mr.. Peabody introduced res
olution at a meeting of the board of di-
rectOrS that a committee of ten directors
b appointed to collect proxies. However
on July II Messrs. Fish. Peabody and
Hartman entered into an agreement as
follows:
Copy of Agreement.
Three outgoing directors 10 be re-elect-
ed. MIR. Grinnells successor to be Sc
lected by a majority of the several direc-
July Is to be withdrawn and not to be
revived this year; Mr.. Hartman will ask
that the Harriman-Kuhn, Loeb proxies be
given to Mr.. Fish
c. w Morton GrinneIl. a member of
the board of directors. had died during
the year Mr.. Fish claims that the Har-
riman faction agreed that Mr.. GrinnelI's
successor should be a man whose pres
cnce in the directory would not be in
im1cal to the independence of the Illinois
Central and would be acceptable to Mr..
Fish.
Hartman Wanted De Forest.
Henry de Forest, a director of the
Southern Pacific. Of which Mr.. Hartman
is president and one of counsel for Mr.
Hartman. was named in petition signed
By Mr. Hartman and six other directors
10 succeed Mr. Grinnell. BY reason of his
southern Pacific affiliations Mr.. de For
est was not acceptable to Mr.. Fish. Mr..
Cromwell declares that under the agree
n1ent Mr.. Fish was bound to accept Mr..
de Forest and to cast both his own and
the Hartman proxies for him.
At todays meeting Mr.. Fish. after for
mally being called upon by Mr.. Cromwell
TO cast the proxies in favor of de Forest,
arose and declared with great emphasis:
II will never under any circumstances
vote for Mr.. de Forest.
Fish Voted for Cutting.
Mr.. Fish ehereupon placed James De-
witt Cutting of New York. in nominal
ton He then cast a total of 613, 703
shares; Cutting.
Mr.. Cromwell as a matter of record
voted . 100 shares against Cutting and
later cast them for de Forest, whom he
had placed in nomination. Mr.. Cutting
was thereupOn declared formally elected
II fill out the unexpired time of Mr.. Grim
nell. which is two years Charles NJ
Beach. J. T. Harahan and Cornelius Van
derbilt. whose terms had expired, were
reelected without opposition. Mr.. Fish
gave his proxies to MIR. Harahan despite
the fact that the latter had signed the
Hartman petition in favor Of de Forest
Just before the meeting