Waterbury evening Democrat., 1907-10-05
FISH RAPS HARTMAN
Uncovers Alleged Magnate Trick
 In Illinois Central.
STOCK JUGGLING IS CHARGED

Potentate Is Accused of Having Trans.
 ferred 14,000 Shares by Railroad Sc.
 curities Company to His Own Name
 What the Books Reveal.
 New York, Oct. 5.-Carrying on his contest with B. H. Hartman for con trol of the Illinois Central, Stuyvesant
 Fish, its former president charged Hartman with having recently had transferred to bis name without cost to himself 14,OO0 shares of Illinois Cen tral stock belonging to the Union Pa cific railroad, the purpose being to ere. ate the impression that he is personally a large holder of Illinois Central. Fish himself owns 12,452 shares, and sev- eral weeks ago he pointed out the in- consistency of Hartman dominating the property without being a large stockholder. At that time Hartman held only 130 shares.
 It appears Hartman had the 14,000 shares transferred to his name few days ago by the Railroad Securities company, an organization formed sev- eral years ago by Fish and Hartman when they were friends and which Hartman ultimately got control of and sold to the Union Pacific, of which he is president. Fish describes the pecul- jar transaction by which Hartman hopes to appear as big Illinois Cen tral shareholder when the battle for control of the road comes in the stock holders meeting, Oct. 16, in this fash ion:
 What the Books Show.
 "The company's books show that on Sept. IS, 1907, 14,000 shares of Illinois Central stock were transferred from the name of the Railroad Securities company to that of B. H. Hartman and that on Sept. 20, 1907, 1000 more shares were transferred from the Rail- road Securities company to list of directors, officers and clerks of the Union Pacific and allied companies, for the obvious purpose of qualifying them to attend the Illinois Central meeting and work therein for the in- terest of their employer. Those books also show that from the Union Pacific company's holdings of Illinois Central shares transfers were at that time made to the names, among others, of two of Harriman's attorneys in the Chicago and Alton, several men who sell supplies to the Illinois Central and several of its attorneys, officers and agents, including that of A. G. Hack staff, its vice president.
 "In the investigation before the in- terstate commerce commission last winter it was proved that the Union Pacific had in July and October, 1906, bought from MT. Hartman practically all the shares of the Railroad Securi- ties company, which had owned 95,OOO shares of Illinois Central. .-..
 Tt is not for me to say whether Mir. Hartman has now in fact bought those 14,000 shares of Illinois Central from the Railroad Securities company, of which he is the president, or not nor if so whether he has paid for them at the price, $175, at which he sold his Railroad Securities company's shares to the Union Pacific last year, or has paid for them on the basis of the present value of Illinois Central, which is about $135. Indeed I have no req son to believe that Mir. Hartman has paid for them at all. That, however, is a matter which does not concern us, but should interest the stockholders of the Union Pacific, who will meet in Salt Lake City on Tuesday next, Oct. 8.
 Soliciting Proxies.
 "The Illinois Central railroads state ment of revenue and expenses for the two months ended Aug. 31, 1907, shows that in August, with an increase of $500. .250 in revenue, there was a de- crease of $2i7,91T in net receipts, thus as the statement for July did, what I said about the net receipts for June having been padded in order to make a good showing, which show. ing the present management used so in its hunt for proxies. It has now mailed at least four appli- cations for proxies to stockholders and, as many stockholders have writ. ten me. is employing paid agents all over the country besides using the time and services of great numbers of the