New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-10-22
FISH WINS VICTORY.
ELECTION POSTPONED.
Claims Long Lead Orer Hartman
in Illinois Central Fight.

Chicago oct. 21.-Stuyvesant Fish to-day oh
tanned postponement Of the Illinois Central
stockholders meeting untf December Is The
Hartman party agreed to the adjournment. al
though previously anxious to push matters $
rapidly as possible.
"Our victory is gratifying and real" said Mr..
Fish tonight. The best we could have hoped
for under Judge Balls modified order was 10
prevent an election Of directors at this time.
This has not only been accomplished. but we
have also secured n definite adjournment until
December Is, When on Saturday it became ap-
parent to the Union Pacific party that our ma
jority was so large that they could not win. even
II they secured every remaining proxy, their
tactics for prolonging the session Of the stock
holders meeting from day TO day became ap-
parent. Late Saturday night. realizing that
the hest interests Of the Illinois Central Rail-
road demanded that the present sessions should
be closed authorized the making OF an agree
ment between counsel which speaks for itself
The agreement TO adjourn gives me all that
could have gained 10y using he preponder-
anCn Of my votes and coHstltltcs an aclnovI-
cdgment 10y the Hartman party Of tner failure
70 eject directors. for. II they held moro proxies
than they would not have agreed TO such an
adjournment but would have elected their di-
rectors tomorrow and ended the struggle
During the process OF the official tally I
consistently refrained from giving out figures.
through fear Of misleading the public Tn,
official count has been about four-hfths COM
pleted and being now closed until December Is.
l can say with regard to it that my information
justhes the statement that So far as made il
leaves me with clear and certain majority OF
somewhere between 10000 and 10000 votes
which in view OF the Union Pacific party having
hunted for proxies for two months before /
mailed my first circular Of September 2l is most
satisfactory.
From on I SHAH pursue my quest for
proxies WITH greater vigor and far better in.
formation than ever before feeling sure Of the
support Of the investing public who are in
terested in preserving the independence of tn,
Illinois Central Railroad"
STATEMENT BY MIR CROMWELL.
William Nelson Cromwell made the following
statement tonight
The Illinois Central contest assumed q na,y
phase this morning when il was announced
mat the two Interests had united in an agree
ment to postpone the meeting of the stock
hclGers 10 Deceuber 1S
Judge Farrar. representing the Fish interests.
ana Mr.. Cromwell, representing the Illinois cen
trdl administration interests. met the MEM
bers Of the press and Judge Farrar stated that
with tn" authority of his PRINCIPALS no had
voluntarily called upon Mr. Cromwell and nro-
posed q pOStponcment of the meeting of stock
holders until December is: that no decision
whatever was mad as 10 the state of the yot inc
up 10 inns u'hr' lndt the count had not been
Completed by The inspectors and no report by
them made: that Mr.. Cromwell. after consid-
Grafton, had aCquiesCed in this proposal ana
that they had agreed in the form which they
had signed and given to the press. which stated
the agreement and the entire agreement on the
subject
Mr.. Cromwell confirmed the statement Of
Judge Farrar and stated that in view of the
fact that the inspectors had not completed the
count, and that several days would be requisite
for them even TO make the preliminary count,
and that thereafter counsel must personally ex-
anime over seventy-fve hundred written proxies
and make out their challenges thereto and then
argue the questions before the inspectors. and
that thereafter considerable time would he re-
quired for the inspectors TO reach decisions and
for the court to decide matters of dispute. il was
manifest the many serious legal questions in
VOWED would proong the deCison of the in
spectors for several weeks; that in view of this
and the great Inconvenience to stockholders
from frequent attendance at meetings. If con-
tinued to be adjourned at short intervals he
had consented to the proposal made by Judge
Farrar.
Judge Farrar prepared and signed the fol-
lowing further statement
Judge Farrar authorizes the statement that
he opened the negotiations with Cromwell on
the authority of his principals; that the condi-
ton of the incomplete count not mentioned
or discussed between him and Cromwell; that
Cromwell did not state intimate that Mr.
Fish was in the lead In his proxy holdings and
that for that further count might as
well bo suspended and that Cromwell did not
suggest that further action be suspended pend
Ing the decision OF the court in the pending liti-
ga ton Farrar says that the agreement speaks
for itself and states the true and only reason
for the agreement and that the motives of each
marty for being satisfied Herewith lie in their
respective breasts and were not stated or dis
cussed.