The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-09-24
Stuyvesant Fish Keeps Up His
Fight on E. III. Hartman.
Asks for Proxies for Use at
Next /. c. Election.
TO CHOOSE DIRECTORS
Hartman Among Them and
His Polio y Is Played.
Other Items of Interest to
Railway People.

/ New York, Sept -Stuyvesant
Fish, former president of the Illinois
Central railroad made public today a
I circular addressed to the stockholders
of the Illinois Central railroad com
pany in which he asks for proxies to
be used at the annual stockholders
meeting to be held in Chicago, We'd
nesday. October 16 next. At this
meeting four directors are to be chos-
en-. three OF them to succeed Messrs
and E H. Hartman and one to fill
vacancy for a term OF one year
Coming down 70 recent history Mr.
Fish says
The methods pursued by those of
your board of directors who act in the
interest of the Union Pacific have
been SO high handed as to become the
subject OF widespread comment. At
a recent meeting of the board 1 or
fered a resolution of inquiry into sub
ject matters which should properly be
disclosed TO every shareholder. While
in the act of reading my resolution
Mr. Peabody, representing Union Pa
cif1c interests moved TO adjourn and
]. T Harahan, who was presiding,
summariIy closed, the session Later
through the power given by. the by
la VS.. the ninority who truly represent
the interests of the Illinois Central
ing. whereat l offered a resolution or
inquiry into the evident padding of
the accounts Such inquiry was nee
essary The all important duties so
ably discharged by the late ]. C Well
ing, who for Is years as vice president
and director. had exercised a close su-
pervfsion over the accounting depart
ment. had been on his death in No
vember last. delegated by J. T. Hara-
han TO his own imm ediate assistant. TO
be performed as Incidental TO his 9TH
er work 1t appears from the annual
report of the Illinois Central company
for the year ending June 80, 1907.
that there was an extraordinary IN
crease in the net receipts of the cor
poratiou during the last four months.
which increase is wholly inexplicab1e
and obviously Inconsistent with the
facts upon any proper accounting and
clearly made for the purpose of pro-
ducing a favorable but fictitious show
ing. The first third of the year show
ed an increase in net receipts of $685.
0TG. Then came the change in the
presidency. and in the next third of
the year the net receipts decreased by
S5725S6. Finally in the last four
months they were suddenly increased
BY S1253SS9 of which increase $604--
Isl IS reported as made in the single
month of June. This palpablei mis-
statement was further emphasized by
the fact that although neither the
mileage nor the operating conditions
had changed In the SlI2nIeSL degree
the succeeding month of July showed
a falling off of $35,99S in net revenue
as against the reported gain of $500
ISL in June. Yet, my resolution OF
inquiry was referred for report to the
president. the very officer who had
brought the accounting directly under
his own control. and of course, its
whole purpose was defeated.
up to this time L have not asked
for a single proxy. nor would I do so
now were it not for the extraordin-
airy efforts the present management |
are putting forth with the evident IN |
tentfon OF electing E H Hartman
and such persons as he may select. I
Pacific company which constitute a /
practical balance of power It is for |
you to determine whether their hold /
ing OF about 80 per cent OF the stock +
nois Central railroad company with I
out the consent and to the detriment 1
of the remaining 30 per cent Do you 1
wish your property to be managed. as /
heretofore in the interest OF the /
whole body of the stockholders or TO 4
be dominated by the Union Pacific I
which IL thus put in control for four I
years, will in that time cause such I
permanent traffic contracts and en-
to be made as will deprive
largement of its advantages and pre-
vent it securing its legitimate revenue
for all time to Gomez
The repeated requests of large
numbers Of stockholders that I not
only represent their holdings at the
but also address the stock
holders at large in advance thereof.
IS a sufficient excuse for this letter, as
we'll as for the enclosure herewith OF
! form of proxy running to two of my
in the board. Charles NJ.
Beach and James Dew Cutting and
myself Very respectfully.
(Sirned.) @STTYVESANT FISH