The daily morning journal and courier., 1907-09-25
(COUNTS HAVE [OT BEEN PADDED Es. Harahan of Illinois entral Refutes Charges
 of Ex-President \ Fish. |IY THE LATTER WAS DISPLACED tused of Loaning to Him 1self About $1, 5OO,O 900 \ From Treasury of
 Road.

hicago, Sept. 24.-J. T. Harahan, ident of the Illinois Central rail-
 tonight addressed to the stock CTS statement in part as follows: The statement in the circular letter Ned by Mir. Fish to the stockholders
 published to-day that the Illinois tral accounts have been padded or ny way manipulated, is absolutely ue. He knows that there has been hange whatever in the relations of % Illinois Central with the Union flc and Southern Pacific. The res- ions presented by him some weeks Al to the board of directors, making e charges, were referred to the &C., biting, traffic and operating officers I their reports show that the charges <e utterly groundless, that the ac, |lts have been kept precisely as & were under MT. Fish's administra- & and that the relations with all @ecting lines are the same as before Excitement. His reference to all "a domination by Union Pacific is Eely an effort to play upon what he 2boses to be current prejudice, to &her his own interest, and should deceive any one.
 &he attack made by MT. Fish upon kfellow directors and upon officers he company warrants full state t of the reasons why MT, Fish was Entrusted with the continued man. nent of the property. The most ! &picuous Is that while Mr. Fish was X dent of your company and as
 the virtual custodian of it's treas- &l he loaned to himself as an indi- al about $1,500,000 from the treas
 of the company upon security of bwn selection, which proved to be Xequate and unmarketable. After hs demonstrated that MT. Fish was x ble to reimburse the company di- br individually loaned him the #ey necessary to repay the com
 and carried it several years until
 Fish. was able to liquidate it. Fur " nore, MT. Fish, who was a mem- bf the executive committee of the
 company of the Republic, de-
 ted large amount of money of !. Illinois Central in that company # it's credit was seriously impaired, N although this was ultimately col- Y d the process required several 7 ths. Moreover, he loaned to the
 dent of the Trust company of the % lblic individually money of the ] bis Central, upon inadequate se-
 y, with the result that the rail-
 company was unable to collect T entire amount and suffered loss"
 letter of November z, 1906, sign N by eight directors of the Illinois
 ral, including E. H. Hartman and
 Harahan, and setting forth their : bns for refusing to vote for his re- 7 ion as president is appended to statement. It charges him with
 ch of faith in handling proxies at kholders' meetings, asserting that Attempted to make himself the
 judge" of the personnel of the
 directorate, and concluding:
 his is the climax of a series of ts during the past few years show < hn inability on your part to dis
 iish between the powers and du-
 of the president and those of the
 tors of a corporation.
 ! The situation is solely of your own s ling, but in view of what has talk
 place we are convinced that you
 so seriously impaired your use1 Rss as an officer of the company compel us to refuse to vote in 2r of your reelection"