The Birmingham age-herald., 1907-09-27
Dspossd President of Illinois Central Makes Warm
 Statement
DENIES ALL CHARGES OF
 MISUSE OF ROADS MONEY
MT. Fish Makes Counter Charges Against Hartman and Alleges That Underhand Dealing
 Ousted Him.

ou6Icu rIlnl.
 New York, September 26.-Stuyvesant Fish this evening made public reply to the circular sent out on Tuesday last by President Harahan of the Illinois Cen tral. in which he declares that the charges of MT. Harahan were not new, but had been published long ago and Each met by me and disposed of
 But the one point at issue to be de- cided by the stockholders of the Illinois Central at the coming annual meeting is nowhere touched upon" says MT. Fish. That is simply this: Shall the Illinois Central become a mere feeder and fat tener Of the Union Pacific? Can any such perversion of the purposes and opportuni- ties of the Illinois Central be profitable to the stockholders? Will the Illinois Central stockholders submit to having all of their voice and power in the manage ment and control of the property dele gated to one man, under the power of at- torney plan, which MT Harahan has adroitly used to his own pro1ts?"
 ,4r. Fish then quotes from the bylaws of the Union Pacific to show how this could be done.
 "A certain interest,"" he continues, "does however attach to some of the specific excuses now put out by MT. Hartman and his financial associates, for having me oust ed; and there is also interest at taeh sd to tha .a on wdy it j'as i-77 necessary to change and moehy tAsse excuses so ofteil made. The circu ar of September 24 which is fathered hy MT. Harahan. shows on it's face that it ema- mates from Hartman, in that it contains precisely the same allegations that he has injected into his testimony before the interstate commerce commission last Feb ruary.''
 Reply to Charges.
 Mr. Fish here quotes the reply to these charges which was widely published at the time and says But the reason given last February for having turned me out of the presidency of the Illinois Central was not the only one which he had given. At the last meeting of the stockholders of the Illinois Central rail road company, held on October r. 1906. Mr. Hartman and his attorney. William Nelson Cromwell, made their fight sole ly on the ground that l would not consent to election into the Illinois Central with out being a director of the Union Pacific Southern Pacific system.
 But when called to testify before the interstate commerce commission Mr. liar riman could not stand on either the prop osition that he quarreled with me because l would not add to the Union Pacific representation in the Illinois Central board nor on the vaue generaities of the letter in November which had caused other directors to join with him in sign ing and handing to me at the opening of the meeting of the board of directors held on that day.
 Nor yet. on the statement that he was and had been the principal owner of tine Illinois Central stock because 1t had just then been proved in the hearing before the interstate commerce commission that he had sold his Illinois Central holdings to the Union Pacific in July of 1906.
 Nor yet. on the statement that the Illinois Central had not grown and prog ressed. as that was emphatically con tradicted by the annual reports of that company. which were in the possession of the committee. Hence the necessity for them to invent another one which he did by trumDing up accusations against me in respect to matters which had hap pened four years before which were and had always been fully shown in the books of the company and were perfectly well known to the director of the Illinois Cen tral railroam company when they unani- mously reelected me president in the autumn of 1903 and again in 1so4 and for a third time in 1so5."
 Collateral Was Good.
 Concerning the loan by him as pres ident Of the Illinois Central to Mr. Dresser MT. Fish said that 1t was made on collateral which at the time was marketable and abundant"
 After the failure of the Dresser firm the collateral was sold at loss. but" says MT. Fish, If any personal enemies can only claim that I caused the company a single small loss in re- spect to the millions I might say hundreds of millions loaned in the meanwhile (more of it to Mir. Harri- man than to any other individuaD. am content to let the matter rest here."
 It is needless to add that on no other loan made by me. and of course on none to me. did the Illinois Central Railroad company ever lose a dol lar.
 Nor need I refer to the so-called investment in July. 1906. by MT. liar riman and his associates of about $l30 100000 of the money of the stock holders of the Union Pacific in the purchase from him and them of their securities which have in the meanwhile depreciated by some s25,000OO0 more or less.
 But as the Union Pacific party hsf,e seen fit to go back to the story of the Illinois Central, I may as well now as at another, my differences with MT. Hartman and Charles A. Pea body. who were. then as now. also direc- tors of the Union Pacific. began in 1904. when they sought to have part of the directors of the Illinois Central com pany delegate the powers vested in 1t by the charter to an executive com mittee and offered me membership tn erein and the chairmanship thereof.
 This I prevented. Then began the large purchases of the Illinois Cen tral shares by or through Kuhn, Loeb & Co.,, which were secretly turned over to the Union Pacific in July. 19fG G."