New-York tribune., 1907-12-07
FISH HIS Il REPLY.
Denies Charges of MismdnGgement
Brought by Hartman.

In statement sent out last night TO the stock
holders OF the Illinois Central Railroad Company
s-President StuyveSant Fish answered IN detail the
charges brought against him by E. II. Hartman
sad the seven other directors. *ho acting with
sm in their circular dated November a MT
Esh's statement is in part as follows:
As ! have said over and over again. the COM
panys loan 70 me was ample ano sufficiently col
sa irrespective i've oil, OF my ~ @ peFso9 soma dIston s
rssed 10 tnat loan promptly paid II Oh me II
stood the slightest risk Of dollars loss II nao
neen for generation the custom or the company
loan 70 its officers and d-rectors-Mf Peaooog.
Ar Hartman and others among them That sucn
Is the custom now i cue 10 a by4a" willch . 1
NJ loan was properly entered on the books. known
70 me directors, and with others Reported q go
factory by the regular auditing COMMITTEE lLuce1
50 little was thought OF Il that was IN LAY ana
Twice thereafter elected president by the unanimous
OF these directors ana my saiatS Wa
Il lss materially increased py th them, ,f ,,,e Re
public now the Commonwealth Trust Company, 1
need only repeat that at no time mas II beeI AZ
Circumstances OF failure, much less in bankruptGs-
tus litigation growing out OF Ine IaitEu ! - i
saipbulding venture, which had been iolsleq Uit -
BY Of the companies affiliated with the Equila @
he Life Assurance Society: Mr- l1arFlIbHn - -
beng director in each OF the idst W. @ IN,
Al deposits made in the trust company WtIr L~iis
pad sth Interest and il was peTdec3tiy ytr had
cause to critcise those deposits they should hate
noE say tber should no, thereafter have reelected
ne president and Increased my salaIy Il, .,,,s
seeshin for he sfockholders'' except - leading
lhsm in opposition to the Union PaciIlG Ii
Last year frustrated the efforts OF MI n a
fourth director Of the Union Paciilc-So ubieih
e0nabnet or For this and this only lhey tN'i''0
The charge that ignored the board ana at.
tempted 10 exercise authority independently i2
absolutely and totally false uTgcd ..e t11
r season and out: TO meet more ad everv-
inan month. and always mao "a A.
thing before them When Mr.. Hartman aho 1li. MI
Peabody II the winter Of 1870. sought 20 naE
Ire board OF directors OF the Illinois Central Kan
toad Company delegate its powers 10 an eA5cNtlH ~
eenmittee- Offering me membership IieIelii .,,.I 80
lalr'nanship thereof In your interest," y.
ne saddling on Illinois Central OF tf4aL deVc
which has proved 50 prota ble 10 certain directors
@ The Union Pacific and Of M Hartman otieI
companies As I have since learned, this marked
" beginning Of their efforts TO eliminate IN
q. Stumbling block IN the path OF thiT
ssi shares nv Meesrs Kuhn. Loeb & Co. which
win Mr. Harrimans holdings and those OF Two 90 9
- colleagues in the Union Pacific board. Wtre ~ III
.lE les. sold 10 that company with such secIt,g
nat Mr. Hartman Mr.. Pea body and Mr. Goelet.
Directors Of the Union Pacific and Of the ilrl2is
shtssl as well. concealed the facts froI lh PuD,,
z and from their coflea CUES in your board untl
- were brought 10 light by the Interstate toii-
H-fe Commission in January 1871
! ne charge that I broke faith IN respect 10 me
sff.ement concerning the selection. in 1906. OF a
ereclor 10 I'll then existing vacancy comes with
angular bad grace from those directors OF the
Illinois Central who are also directors Of the Union
llssshc and especially from Mr. Peabody AND MI
n ne talk about my connection with the Missouri
raehc is pitiful. Ny whole interest I'm that com
sssiy consists OF 800 shares which worth about
~" On the other hand. / bold and own the
ssine certificates for u z52 shares Illinois Cen
"a stock which held when deDosed from the
Presidency in November 1906 These are now
sorth upward OF q rniIlI.n and q half dollars. and
snt worth well over two millions when ceased
s ne President So far as know, no one con-
im.eSS im,eS Win tbs Missouri Pacific owns share OF
ne suit Of Edmunds ct al Union Pacific