The Montgomery advertiser., 1908-03-04
Illinois Central Elects
 New Directors.
sTEUYvEsANT FISH ousTED
Only Formal Protests Recorded by
 Opposing Interests.
sIr. Fish Was Not Present st sssssins and onIy Few ef Ills Allsss
 Were rbere--ssepers- Approved.

 Railroad was ended at least tempora- rlly today. when the ofeIad5eurned an. nual meeting of stockholders held it's final session and elected four directors. With only formal protests recorded by the interests headed by steuyvesant Fish, which have been opposing the asz ministration of the road. E H. HarFi- man and John Jacob Astor were re- elected to the Board A. c Hackstam. who has been serving as a director since the death fof John C.. Welling. was chosen to fill out the unexpirea term. ana Joseph F. Titus was elected to succeed Steuyvesant Fish upon the directorate.
 MT. Titus. however. Is to serve only flow weeks, President Harahan ana nouncing to the stockholders that ] ogden Armour of Chicago viii ba chosen to the board in place of MKs Titus so soon as the stock owned by Mir. Armour can be transferred to his account on the books. thus making hfn a stockholder of record.
 Mir. Fish was not present at the meet4 ing and only few of hiF allies were there to watch lis fnserests Neither were the bulk of the proxies held bv Mir. Fish presented to tlle pFoxy com mittee. The report of that body show ed that bs4.sSz shares out of a total of s50.4o0 outstanding were entitled to la voted. Of these 6H.45s were held by President Harahan.
 smail Reprssenshffen.
 The comparatively ssnaIa rapf6sAa- tation of stock at the meeting had one effect which was a Dit dfnaunotnt- tnE to the administrative foS4sea. W5lh less than two thirds of the ouksfnld- ing stock voting. 1t was found flnp0s- sibio to ratify legally sha action of | tha hoard If a.farfora 4ss 6 sssSaf,s.s sfs purchase two apfall branch liuan- -9hM kensinGton and Eastern ana the Mmfk phls and State 1ATe failraads. Ire charter of tho railroad requires that ssA000 shares shall ba voted In favor of any pfopohition louking to the pur chase Of other railways. Today oniy ss5.04e were recorded in favor of fiia plan to purchase the two lines in qnea t.on, The kensington ana Eaafarn runs from Kensington. H.. fo Ham mond, Ind, acting as . connecting link between the Illinois Central and var ious roads, The Memphis and State Line Is a belt railroad around Mefnr phis. Tenn. Both properties. it was stated by President Harahan, haze been constructed with funds furnished by the Illinois Central He added that the projects were begun under the ad~ ministration of Mir Fish.
 The first incident of the meeting I sions that characterized former sea- sions came when a motion for accept ance and approval of the report of the proxy committee was made bx William Nelson Cromwell. attorney for E. H Hartman. Frank A. Culver aef- ing attorney for Henry 4. Lernan. prer scented a formal protest against fbe voting Of the 3S1 ,23i shares of stock held by the Union Pacific railroad com pany and the Railroad Securities C0n- pany.
 AIIesatIons ln Protest.
 The protest recited briefly the same allegations upon which the suit tnskt- tuted by Steyvesant Fish--afterwards decided adversely by Judge Ball and that begun recently by Mir. I.efnan werN based. Great emphasis was laid upon the fact that the two holding com panies are not Illinois corporations apd upon the allegation that they have not complied with the statutes of this state regarding fortIgn corporations seeking to do business here. Afr. cni- yer also presented an exactly similar case on his own behalf and 1dent.aaI documents were handed in by Paul F. HRrris and Wm. r. Fartoh
 When q vote was taken on Mir. CromwelIs motion there was chorus Of ayes" and only a few scattered noes"
 The nomination of directors followed There was no ticket in opposition 70 that brought forward by the adminIs- tration forces and the ballot that kol- lowed was more or less perfunctory
 When the result was announced ix was found that sixty votes had been cast for Mir. Wentworth Holmes Nr. Astor received bS3.1e1: Messrs. Harrl- man. Titus and Hackataff 583,162 eay~s.
 ripple of applause followed presa- dent Harahan's announcement of the election. MessFs. Hartman. Astor and Titus were elected for the term ending in october 1911 Mir. Hackstaff.s term will expire in 1909. The annual reports of officers Of the roads and the actions of the directors during 1907 were ap- proved.
 AIr. Ftah'a Statement.
 Mir Fish gave out tonight the follow ing statement relative to hss absence from the stockholders meeting
 "I refraIned from taking any part in tbe meeting because I dnagned best for those stockh olders whose proxies I hold that neither they nor I in ark manner be bound by anything done at the meeting. Mir. first intention had been to attend the meeting and not present any. proxies, in which caae it might have been claimed that as held proxies and was personally pre- sent. those who had given ms proxies were also present"
 "When on February 29 the situation was totally changed by Judge Daii's orinlon I at once sent circulars to all the stock holders offering to withhold their proxies from record. ana gave the widest publicity to my having done so. Our antagonists have availed tAetn- selves of tiffs most freely to ohta.a proxies from thise Whe had supported us. with the result that among the proxies which they voted today arc those of upward of 100 stockhoiders which had been given since Judge Halls decision. for more than st.e0o shares.
 Those who not act on my circular and have Iaft their proxies in my hands, vested mo with discretion Co act for for my ewh, Tn the exarcise nf suca discretion. concluded that our lnter- ests are best protected by taking nc