New-York tribune., 1907-12-20
/. C. CASE MARCH 9.
POSTPONED BY COURT
Decision Rendered after Hours of
argument by Counsel.

Chicago. Dec. N-The annual meeting of stock
holders OF the Illinois Central Railroad was most
pcned tonight by order Of Judge Ball. Of the su-
perior Court until March . The stock transfer
books Of the company are to be closed on the day
preceding that which Judge Ball Is to hand
down his decision in the injunction suit now pend
ins, and are TO remain closed until the postponed
meeting finally adjourns. In the mean time trans
fers OF any portion OF the PSI 23l shares of stock
affected by the Injunction suit can be made only
subject 10 the right OF the court 10 INQUIRE into
their genuineness-
The details Of the postponed meeting were ar
ranged at q session of the which lasted untH
nearly O'Clock. For than an hour the at
forneys for Stuyvesant Fish and E. II. Hartman
argued over the question of keeping the transfer
books open after Judge Ball should have given his
decision N the Injunction suit In the end the
court entered his ruling as above
II was further decided that William Nelson Crom-
well the attorney representing the interests OF Mr..
Hartman, shall file his brief the injunction
by January 10, that the brief behalf of Mr..
shall be fled by January % and that the defend
ants shall submit their reply by January -.
II is apparent that M decision will be
reached by Judge Ball until late in February. The
annual meeting which perfunctorily called TO
order to-day after adjournment from yesterday
VIII be convened tomorrow and be adjourned until
March .
After a long discussion during the morning
Judge Ball vainly seeking have Messrs. Farrar
snd Cromwell who represented Mr- Hartman,
reach an agreement. the court announced that at
? O'clock in tie afternoon il would take matters
into ifs hands and decide whether the meet
ing should be held again postponed
On taking the bench in the afternoon Judge Ball
said: Il think the stockholders meeting should be
adjourned until some time in February next the
date TO De agreed upon by counsel"
I would suggest said AIr. Farrar. that eit
transfers of stock should be made under the su-
pervison Of the court The court can then inquire
IL The transfers real or fictitious.
farr> and
This is q new angle entirely, your honor. and
it is from the fertile brain Of my friend Fsrrar.
who never knows when he is dead
You refer TO the stock Of the RAILROADS Sc
curit;es Company and the Union Pacific do you
rct?" asked Judge Ball Of Farrar-
y do" replied Mr.. Farrar- IAN order should be
drafted containing restrictions, pending the deci-
son Of the court in this matter"
The suggestion is outrageous, said Mr. Crcn-
well Suppose we want borrow money
stock. My clients have intention Of doing so.
but you are depriving them Of the right Of using
sl5.ono COO worth OF stock
MI Farrar insisted that the stock could be used
for borrowing money. and also pledge. and
N-. Cromwell asserted warmly that such action
l,v tie court would deprive Mr.. Hartman of
tain rights. He declared also that there would be
no transfer Of the stock until Judge Ball had
made bis decision
is there any objection 20 the closing Of the
books the day the decision is rendered." asked
Judge Ball
1T might be inpracticabie," Mr.. Cromwell said.
Il would suggest an interval OF ten days"
Mr. Leman, for Mr.. Fish, asserted that while
Fir Cromwell might give a pledge and do his ut
most TO abide by it. his client, in the absence of
restraining order. would still be able to transfer
the stock.
II understand" Judge Ball replied, that any
pledge MIR. Cromwell might make will apply to all
defendants
That is right. your honor" said Mr.. Cromwell
The court then suggested that the attorneys draw
un the form the order and that il direct that
books be closed the date which the de-
rision regarding the injunction is given
The attorneys, however, were unable TO agree
upon the form of order to be issued. and each
brought in q COPY Judge Ball, and another long
argument followed which form should be is
sued by the court