Connecticut western news., 1907-09-26
FISH WANTS PROXIES
Declares Union Pacific Wants to
 Control Illinois Central.
SAYS ACCOUNTS ARE PADDED
President Harahan Retaliates by Charging Stuyvesant Fish With Hav- ing Taken $1,5oo,0oo of Roads Funds on Unmarketable Security.

New York, Sept. 25.-A mysterious visit made by Stuyvesant Fish, former president of the Illinois Central rail- road, to Oyster Bay and his failure to see President Roosevelt was given great significance by MT. Fish making public the following statement ad- dressed by him to the stockholders of the company:
 "The annual meeting of the stock holders of the Illinois Central Rail- road company is to be held in Chicago on Wednesday, Oct. 16, 1907, when four directors are to be chosen, three of them to succeed Messrs. John Ja- cob Astor, Stuyvesant Fish and E. H. Hartman and one to fill vacancy for term of one year.
 "For some time past there has been a persistent effort to place the control of your corporation in the hands of those dominating the Union Pacific and Southern Pacific companies. I have felt it my duty to oppose this effort in order to loyally discharge my ob- ligations of trusteeship to the Illinois Central The policy of your company, operating as it does a north and south system, running athwart the general trend of traffic (which is on east and west lines), has been to deal with each of it's connections to the best adven- tage without making any exclusive traffic alliances.
 Accounts JuggIed.
 "It appears from the annual report of the Illinois Central company for the year ending June 30, 1907, that there was an extraordinary increase in the net receipts of the corporation during the last four months, which increase is wholly inexplicable and obviously in consistent with the facts upon any proper accounting and clearly made for the purpose of producing a favorable but fictitious showing. The first third of the year showed an increase in net receipts of $665,O70; then came the change in the presidency, and in the next third of the year the net receipts decreased by $572,7S6 Finally, in the last four months, they were sud- denly increased by $1 ,253, ,S89, of which increase $6O4,751 is reported as made in the single month of June. This pal pablo misstatement was further em- phasized by the fact that, although nei- ther the mileage nor the operating con- ditions had changed in the slightest degree, the succeeding month of July showed falling off of $35O98 in net revenue as against the reported gain of $6O4, 751 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 it's whole purpose was defeated.
 '"The repeated requests of large mum. bers of stockholders that I not only represent their holdings at the meeting, but also address the stockholders at large in advance thereof, is sufficient excuse for this letter as well as for the inclosure herewith of a form of proxy running to two of my colleagues in the board, Charles M. Beach and James Dew. Cutting, and myself"
 Harahan Accuses Fish.
 The expected reply to Fish's Illinois Central charges came in a hot state ment sent by President Harahan to the stockholders of the road. In this state ment Fish is charged with having talk en $1,500,000 from the treasury of the Illinois Central on securities that were practically worthless.
 It is further charged that when the directorate realized it's plight it de. handed the return of the $1,50O,000, which Fish was unable to make good. and then to save him from disgrace and possible prosecution one director who was a personal friend, loaned him enough to take up the loan, in return for which Fish made over to this di rector all of the questionable securities and had to go to the amazing extent of conveying to him his magnificent home at 9 East Seventy eighth street and his entire interest in the Hamilton Fish estate to protect the friendly di. rector t...