Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1906-1908, 1907-12-13
Struggle of Railway Mag
mates for Control of
Illinois Central.
JUGGLING or FUNDS ALLEGED
Broadside Of Recriminations Are
Hurled at Stuyvesant Fish
by His Foes.
Amdavits Are Made by Hartman and
Clique of New York Million
aires-Fish Given Time
to Reply.

Chicago. Dec. 13.-Charges Of mis-
appropriation of funds of the Illinois
Central railroad, frenzied finance, and
Juggling with the profits of the road
were hurled at Stuyvesant Fish in
broadside of recrimination from his
old enemy. Edward H. Hartman, in
the struggle Of railroad giants for
mastery.
Affidavits read in Judge Farlin q.
Balls court from Mr.. Hartman and
other directors of the Illinois Central
made startling accusations of misman-
agement for personal gain against the
former president of the road, who sat
through the documentary arraign-
nent with immobile countenance. Oc-
casionally a smile overspread Mr..
Fishs face. but most of the time he
listened grimly impassiye.
Want Injunction Dissolved.
The attidavits, covering sixty close
ly typewriter pages, We're sworn to
by defendants seeking to have dis
solved the injunction which restrained
the voting of 2S1,231 shares of Illi-
nois Central stock controlled by Har-
riman. The afiiants were "Wizard"
Hartman and the clique Of New York
millionaires, including Robert Walton
Goelet, Charles A. Peabody, Cornelius
Vanderbilt, and John w. Auchinloss.
who, with him, dominate the Illinois
Central and from whom Mr.. Fieh has
been fighting to wrest the power Of
control at the adjourned meeting OF
stockholders Of the road to be held
Dec. IS.
Unless Judge Ball dissolves the in
functional order restraining voting Of
the contested shares held by the
Union Pacific railroad and the Rail-
road Securities company, on the
ground that a foreign corporation may
not own and vote stock in an Illinois
concern, it is predicted, Mr.. Fish will
win in the coming election.
Allegations Against Fish.
The court postponed arguments in
the case to allow Mr.. Fish to file
counter affidavit replying to the allega-
tions made against him in his oppo-
nents' depositions. The allegations
as read by Ralph NJ. Shaw, embodied
the following charges:
"That Stuyvesant Fish misued
funds of the Illinois Central railroad.
''That he used his power over the
funds of the road to further his per-
Sonal interests. disregardng the au-
tnority Of the board of directors.
"1hat he borrowed money ON insult
fcient security from the company's
treasury and increased the loans
without consulting the directors
"That in 1903 the directors discov-
cred that these loans to himself ag-
gregated 81 100000 and the collateral
was deemed unmarketable and made
auate.
Bank Transactions Questioned.
"That on this occasion a director OF
the company loaned Mr.. Fish the
money to cover this indebtedness, and
it was two years before the loan was
liquidated by the then president of the
company.
"Inat Mr. FISH, as president,
caused vast amounts to be diverted
from the treasury of the company to
an alleged insecure bank in which
kinsman of his was a high officer.
"That deposits were made in the
Trust Company of the Republic and
withdrawn the following day"
The purnort was that Mr.. Fish,
while he was president of the Illinois
Central, used its moneys to tide over
shaky enterDrises in the same fashion
that NJ. Walsh is alleged to have
used the Chicago National bank funds