New-York tribune., 1907-12-19
SEEKING I. C. PEACE.
LAWYERS IN CONFERENCE
Illinois Central Coart Hearing ana
Meeting Put of One Day.

r.;,,,o Dac 1s-A truce for twenty-four
,ours was declared to-day in the fight for con-
troll of the Illinois Central Railroad COMPANY
Both the meeting of stockholders ana the N
tuuc,ion suit filed against the Hartman forces
by Stuyvesant Fish were postponed until TO-
morrow and the attorneys representing the
various interests involved spent the greater part
of to-day and tonight in conference seeking
Ia find basis of agreement for further pro-
ceed;ngs. No intimatfon had been given that
such an agreement had been reached
William Nelson Cromwell. chief counsel for
Edward H Hartman. took command of the legal
forces for that side OF the case this morning
The Hartman lawyers asserted that the stock
holders meeting should be postponed untu
Judge Farlin Q. Ball. before whom the 1nJunc-
ton suit is befr~ argued, has rendered q final
decision in the
Edgar III. Farrar and the other attorneys rep
resenting Mr.. Fish held that the meetings could
be continued votes being taken of all stock ex-
elusive of the 2s1,231 shares owned by the Union
Pacific and the Railroad Securities companies
and now restrained from voting.
As between these divergent views Judge BAH
refused to decide offhand, and after further
conference the attorneys agreed that the stock
holders should convene and Immediately ad-
journ until Tomorrow noon and that further
argument in the court should be postponed
until tomorrow morning. This decision was
reached All hour before the stockholders were
scheduled to meet to-day
PROCEEDINGS at the stockholders meeting were
brief President j. 7. Harahan called the meet
ing order. Mr.. Cromwell sat at his right,
but the other Hartman ieaders-John w.
AuchincIoss Robert Goelet and John Jacob
Astor-were not present. The result OF the
court conferences was announced and the meet
o1i A confer
ences Of attorneys began at once at the Audi
toriunn Annex behind closed doors.
Louisville Dec Is-An important step in the
escheat action brought by the Louisville School
Board in the name OF the commonwealth up
ward of two years ago against the Illinois Gen.
tral Railroad Company. in which an effort is
being made to declare forfeited about 100000
worth Of the defendants property because it is
not used for railroad purposes, was taken to-
DAY Major D. w. Sanders. special counsel for
the plaintiff. filed intervening petition in
which he seeks TO invalidate the ninety-nine-
year lease under which the Illinois Central holds
the properties of the Chicago. St Louis & New
Orleans Railroad in Kentucky. He further
seeks TO declare null and void the s25.0oo.ooO
issue of ffty-year bonds maturing in 1853 which
were issued by the Illinois Central on all the
leased property in question
About S2Oo,oOo worth OF iano, especially the
lots at 9Th and Water streets formerly occupied
by the horse show building, is the property
which the school board is after. Under the
constitution of Kentucky corporation can
hold land for five years which is not being used
for the business in which it is engaged.
In the intervening petition filed to-day. which
is aimed at both the owner and lessor of the
property and the United States Trust Company
Of New York. trustee Of the bonds. it is charged
that the property at sth and Water streets was
never really included in the mortgage upon
which the s250oo,oo0 bond issue is made. but
that an effort was made to include it long after
the execution of the mortgage.
The, ninety-nine-year lease is attacked
the allegation that the Illinois Central Railroad
is not given authority by its special charter
granted by the Illinois Legislature to lease or
acquire property anywhere outside of Illinois.