Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-01
F|SH-HARR!MAN fEUD.
Illinois Central Fight Breaks.
Out Afresh.
e: =: =. = -. 80 &c = 40 - 49,
LETTER FROM HARAHAN
It Appeals fer Proxies to Defeat Mr..
v Fish.
CHARGES OF FRAUD MADE
Ex-President Makes Reply, Saying
His Opponents Know Already
They Are Beaten.
OF FRAUD MADE

NEW YORK, November 3O.-An appeal
for proxies to be used for the purpose of
preventing the re-election of Stuyvesant
Fish to the directorate of the Illinois
Central Railroad Company is to be made
to stockholders of the company in letter
signed by J. T. Harahan. president of the
road, and the following directors: Chas A.
Peabody, Robert Walton Goelet, John w.
Auchincloss, Cornelius Vanderbilt, j. ].
Astor, E. H. Hartman and A. G. Hack
staff The document sets forth that these
directors are unwilling to submit longer to
what are characterized las Mr.. Fish's
unjustifiable attacks prompted by our re-
fusal to re-elect him president of the
company last year.
Charges against Mr. Fish's management
of the property during his incumbency of
the presidency are made. the first being
that previously made public, to the effect
that he loaned more than ST. 100000 of
money of the Illinois Central to himself
Individually, first on proper security, and
that later unmarketable collateral was
substituted for the proper securities orig
:nally deposited. In order to protect Mr..
Fish's name and the credit of the COM
pany, the letter says. "a member of the
board loaned him. the money to repay
the company the balance due. taking as
security the unmarketable collateral and
a deed Of his New York city residence
and of his interest in his fathers estate,
withholding the deed, however. from rec
ord. We are informed that the loan was
carried over two years before it was
finally liQuidated."
Charges Gross Fraud.
Other charges against Mr.. Fish are con-
nected with deposits made In the Trust
Company Of the Republic. 1t is alleged
in the latter that with 500, 600 Already in
that company, Mr.. Fish,, without the
consent of the directors, on January Z.
1903. deposited 100000 in addition of the
Illinois CentraPs money with the trust
company when it was practically in a
fai ing condition. His kinsman was pres
ident and he was director and member
Of the executive committee and active in
its management
1t Is set forth that it was impossible to
obtain these deposits at once, and it was
only by gradual withdrawals, during a
period of many months, that this money
was finally recovered.
It is futher charged that Mr. Fish as
sisted in padding" the reports of the
Trust Company of the Republic to the
state banking department by depositing
money on the eve of such reports. and
several alleged instances are set forth.
Another charge is that Mr.. Fish ,oaned
S57 eco of money of the Illinois Contra, to
the president of the Trust Company of the
Republic. and that the Illinois Central lost
over $4,000 of the amount loaned.
Mr.. Fish is criticised for accepting cleo
ton to the directorate and executive COM
mittee of the Missouri Pacific, which.
through Its relations with the Texas and
Pacific, Iron Mountain. Wabash and other
companies, Is declared to be one Of the
strongest competitors Of the Illinois Cen
trail.
Mr.. Fish's recent legal proceedings to
prevent the voting of illinois Central stock
he d In the interest of the Union Pacific is
characterized as "a proposition which. If
finally established. will necessarily work
great injury to the stockholders of the