The Montgomery advertiser., 1906-10-18
Fish and Hartman
 Clash.
 FORMER CONTROLS THE STOCK Pacific Man Declares He Votes Directors. New Yorker is Openly Charged With CoinG Back on His Word-Idea o1 Frensied Modern
 Finance.
FORMER CONTROLS THE STOCK

Chicago. Oct. l7-The fight for the control of the Illinois Central Railroad Company waxed hot today.
 Stuyvesant Fish. President of the road. and William Nelson Cromwell. representing E. H. Hartman, President of the Southern Pacific, clashed openly before 250 stockholders, who had come from various parts of the country to attend the meeting.
 On the fact of the record MT. Fish ap- pears to have been the victor. but that the victory Is not a final one is insin- uated by MT. Cromwell. The represen- tatives of MT. Hartman said to the Associated Press:
 "of a directory of thirteen people therc are still seven members who have placed themselves on record In opposi- tion to MT. Fish in this contest. There ably in November. This board VIII elect the oficers of the railroad. You can draw your own conclusions.
 The clash between Messrs. Hartman ana Fish was waged over an agree ,nent dated July 27, 1906. and signed by stuyvesant Fish. Charles A. Fea- body and E. H. Harriman In 1une; MT. Fish had begun the cohectlon VI nroxies for use at the meeting heio ,o- --t 1~ made by MT. Hartman to get pfo~ies through Kuhn, Loeb CO.
 On July IS, Mir. Peabody introouceo q resoIution at a meeting of the boaIo U of directors that a committee or ."o directory be appointed to collect PrnM P,,. les. However. on July 27, Messrs: rsn, ,ntn Peabody and Hartman entered "~" an agreement as follows:
 rt.h-Harriman Agreement.
 "Three outgoing directors to pc te. elected: MT. Grinnelfs successor to o' eIected by a majority Of the seve, directors acting: MT. Peabodys roso t,nn of July IS to be withdrawn ana not to be revived this year; MT W.,hn- man will ask that the Hartman. ., ,, Loeb proxies be given 70 MT ,he
 M Morton Grinnell, member or .ne .ara of directors, had died during tne s,ear Mr Fish claims that the Hatr- van faction agreed that MT. Grinnen , .wocassor should be a man Whose pis ercs in the directory would not pc x,. m Su,tcaI. to the independence or sne ,ois Central Railroad ana wouio oo ceptable to MT F1sh. ., ,,s
 Henry De Forest director 0I no ,.ntharn Pacific, of which MT. HAITI, .".n is President. and one or counse' eor MT Hartman, was named m . pS- . t,.,on signed by MT. Hartman ana s,H th.r directors to succeed MT. SrinnS,,.h ,h pv reason of his Southern Pac.hc a st,ons. MT. De Forest was no. a ts- ahIe to Mir. Fish. MT. nt Cro Mr a,ares that under the agreement. r.at ,n.uS |. hound to accept MT. De ForesI and to ca at both his own ana the "a" riman proxies for him. r,.h orer Az today's meeting Mir. Fisn, asei se .oinr formally called upon by M Cromwell to cast the proxies Tn la of De Forest, arose and declared "''" great emphasis: .,rcum- ~ u,,li never under any circ
 .s vote for MT. De Forest.
 stah r,.h Nominates Cutting.
 ,,. risb thereupon placed James p wit Cutting of New York in nom !..;on He then cast a total or oio.- 1na shares for MT. Cutting. MT. Crom- ,ye,, as A matter of record Voteo e. 1o0 shares against Cutting ana ia.es cast them for De Forest whom ...' no place. .rsunon declared formally elec- wa ,o h,l out the unexpired term or Mr, cs.,as M Beach, J. T. Iarahan and CnrreIius Vanderbilt, whose terms nao oSnired were reelected without op- position. x,.. +o Mfr. uarahan despite the fact tnat eme ;attsr had signed the Hartman peu- ta ,, favor of De Forest just before tha nee1,ng. At 10 o'clock this morn ;nv nerfunctory meeting or tne hnard of directors was keld at wnlcn if was stated only routine pus,ness was transacted. At noon ne stock hoIders meeting was called 10 oroef bv MT. Fish, amidst expec'ant silence MT Fish stated his slde or .n, tne oo troversy in preparea eo,,ovs.
 which was in part as fol'oWs:
 For the first time am called up on in behalf of the stockholders 10 withstand a forcible and orgahizeo effort to change the policy or the com pany and in the interest of .ess than one fifth of the stock to turn II owe. to those who control another rallroao system For a year or lore past lt has been a matter of public notoriety that those connected with the man agement of the Union Pacific system of railroads have been purchasing shares of the Illinois Central Compa- ny In large amounts.
 During the month of June last I sent out as has been my custom foi many years past. notices to each and every stockholder of record of the time and place of the annual meeting with a request for proxy from which form of proxy I this year. for the reasons above stated, nominated the name of MT. E. H. Harriman president of the Union Pacific Rail- road Company.
 Mir Fish then went on to tell of the directors meeting Of July IS at which MT. Peabody offered a resolu- tion that a committee consisting of Messrs. Astor. Auchincloss, Goelet, Iuttgen and Vanderbilt be appointed to collect proxies for the next annual meeting and that the committee have discretion to consult counsel on any lpaal questions that might arise.
 Forced His Hand.
 "This." said MT. Fish. forced me to lav before the directors then present in nlain terms that MT. Peabody's mo- tion appeared to be an attempt of such of the directors as were also directors of the Union Pacific to turn the control of the Illinois Central over to those controlling the former company. As is well known, the directors of the H. linois Central Company who are also directors of the Union Pacific. are: E. IT Hartman. Charles A. Peabody and R W. Goelet each of whom was pres- ent at said meeting. the total attend ance at which consisted of several di- rectors including myself.
 .In view of the lack of notice and the smallness of the attendance.