The Montgomery advertiser., 1907-09-27
FISH MAKES REPLY
HE ANSWERS HOT CIRCULAR OF
 MIR. HARAHAN.
Former Railroad President Says the Charges Were Not New and that He Has Met Each One
 Long Ago.

-e----- T
 New York, Sept. 26.--Steuyvesant Fish this evening made public a reply to the circular sent out on Tuesday last by President Harahan of the Ilii- nois Central, in which he declares that the charges of MT. Harrahan were not new, but had been published long ago, and leach met by me and disposed of"
 But the one point at issue to be de- cided by the stockholders of the 1lli- nois Central, at the coming annual meeting, is nowhere touched upon" says Mir. Fish. That is simply this: Shall the Illinois Central become a mere feeder and fattener of the Union Pacific? Can any such perversion of the purposes and opportunities of the Illinois Central be profitable 70 the stockholders? VIII the Illinois Central stockholders submit to having all of their voice and power in the management and control of the prop erty delegated to one man under the power of the attorney plan, which Mir. Harahan has adroitly used to his own profitg"
 MT. Fish then quotes from the bye laws of the Union Pacific, to show now this could be done, and continues:
 "A certain interest does, however, attach to some of the spacious excuses
 
 financial associate, for having been busted; and there is also interest at tached to ths occasion why It has been necessary to change and modlfy those excuses so often made
 The circular of September 24th, which is fathered by MT. Harahah' shows on it's face that 1t emanates from MT. Hartman, in that 1t contains precisely the same allegations that ne has infected Into his testimony before the Interstate Commerce Commission last February"
 MT. Fish here quotes the reply to these charges which was widely pup lished at the time, and says.
 But the reason given last Feoruary for having turned me out or the pfes. idency of the Illinois Central was py no means the only one which ne nao given. At the last meeting of the Stockholders of the Illinois Central Railroad Company, held on Octoper It. 10O6 MT. Hartman and his attorney, William Nelson Cromwell, made their fight solely on the ground mat ! would not consent to electon ihto snS Illinois Central of another director oA the Union Pacihc-Southern
 "Rut wien caIeld to testify before ,ba Tntarstate Commerce Commission, Mr. Harriman could not stand on either the proposltion that he duarreled wlth me. because I woule not ado 70 .ne Union Pacific, Southern PaclIlc Representation in the Illinois Central board nor on the vague generalities of inc letter of November 2, 19oo' which he had caused the other diree- +ors to join him in singing ana handing to me at the opening Of the meeting of the Board of Directors helo on that day Nor yet, on the statement that he had been principal owner ot the Illinois Central stock because u had just then been proved In the near fnp before the Interstate Commerce Commission. that he had sold his llH- nois Central holdings to the Union Pacific. in July of 1906. Nor yet on tha statement that the Illinois Central had not grown and progressed, as that was contradicted by the annual re- ports of that company, wnlch were III the possession of the committee
 "TJenee the necessity for them to ln- want another one which he did by tr,Imning up accusations against me Tn regpect to matters which had happened four years before which were and mad aI,yav va been fully shown in the books of the company and were perfectly well known to the directors of the Illnols Central Railroad Company. when they unanimousIy reelected me president Tn the autumn OA A0Not NtAN " and for a third time in 1905.'
 Concerning the loan by him as presi- dent of the Illinois Central to MT. nrasser MT. Fish. said that 1t was made on collateral which at the time was marketable and abundant.
 After the failure of the Dresser rirm .he collateral was sold at a loss but" says MT. Fish "if my personal enemies can only claim that I caused the com nan,, single small loss in respect to the millions, I might say hundreds Of millions loaned in the meanwhile, more of if to Mir Hartman than to any other individual I am content to let the matter rest there'
 0It is needless to add that on no other loan made by me. or course none to me, did the Illinois Central Railway company ever lose dollar
 "Nor need l refer to the so-called investment in July, 1906, by MT. liar riman and his associates or about SlSo,- ann oOO of the money of the stockhold- ara of the Union Pacific in the purchase from him and them of their securities, | which have in the meanwhile deprecl- ated hv some $15,000.000 more or less. Rnt as the Union Pacific party has Saan 6t to 20 back into the ancient btstorv of the Illinois Central, may o g -,,,au sav now as at any other time my differences with MT Hartman ana Charles A. Peabody, who were then, as now. also directors of the Union Pa ciiic. began in 1904, when they sought to have the board of directors of the illinois Central Railroad company del- egate the powers vested in 1t by the charter, to an executive committee and ofYered me membership therein and the ehairnanshIp thereof. This l prevent cd.
 saThen began the large purchases of Illinois central shares by or through Q aarrAEi1K