Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1907-11-14
PRESIDENT HARAHAN APPEALS
TO STOCKHOLDERS FOR
THEIR PROXIES.
SAYS FISH WOULD BRING DIS
AsTER UPON MANY BIG COR
poRATIONS.
HARTMAN PERSISTS IN REFUS
Al TO ANSWER QUESTIONS
OF COMMISSION.

Chicago, Nov 13.-President Hara-
han OF the Illinois Central yesterday
Yeopened an active campaign for
proxies TO be used at the postponed
annual meeting of the company on
December Is. He issued two circu-
lars to the stockholders Of the com
pany, In one of which, after narrating
the facts regarding the procuring OF
the injunction by Stuyvesant Fish
restraining the voting of certain
shares of stock, he says:
"Of course if Fish's claim that
corporations cannot vote or hold
stock in Illinois corporations be sus-
tanned, then every insurance company,
trust company, savings bank, or 9th
er investment company wherever sit
uated which has an interest in Hi
nois corporations will suffer disas-
trous loss, and all persons interested
as pOlicyhOIders or stOckholdrs in
such companies will likewise suffer.
In a second circular Harahan de-
MES that there has been any change
in the management since Fish retired
as president, and declared that traffic
relations with the Union and South
em Pacific railroads are the same as
those made when Fish was president.
Earahan denounced as untrue the
charge that misstatements had been
made regarding the accounts of the
property, and asserts that all these
have been correctly and properly
kept
Hartman Stands Pat.
New York, Nov. 13.-The reasons
given by e. H Hartman for not an
swering certain questions put to him
during the investigation by the inter
state commerce commission are set
forth in brief filed by former Judge
r. S. LOyett, counsel for Hartman.
The proceedings brought by the com
mission to compel Hartman to an
sWer the questions will come up be
fore Judge Hough in the United
States circuit court today. The prin
Cipal point in the brief is the conten-
ton that the acts concerning which
Hartman was questioned did not re-
late to interstate commerce nor to
violation of the interstate commerce
act, but were designed to compel the
disclosure by him of transactions for
which had they taken place, neither
the commission nor the congress of
the United States could afford a con
stitutional remedy"
The brief also sets forth that Har-
riman does not admit that the inter
state commerce commission has any
powers other than those conferred by
the act Of congress approved Febru-
airy 4, 1887, and amendments thereto.
The questions to which Hartman
objected related TO the purchase OF
stock of other railways in the inter
est Of the Union Pacific and to the
Union Pacific dividend. In regard
to $2S 100000 Of Illinois Central
stock, purchased at $175 a share, the
questions which Hartman declined to
answer were:
Were the 10000 shares sold by
yourself, Rogers and StiIIman pooled?
Was the stock acquired for the pur-
pose of selling it TO the Union Pa
cifc?
Was the stock purchased by you
at a much lower price than SITS, with
the intention of turning it over to the
Union Pacific?
Did you have any interest in the !
$4,000 shares sold at the time by !
Kuhn, Loeb C Co, to the Union Pa !
citiC:
Was that $4,000 shares acquired by
the came pool for the purpose of sell
ing them to the Union Pacific?