New-York tribune., 1908-02-10
FISH BATS HARTMAN
REPLIES To DISP4TCH.
Discredits Ne5C Move in Fight for
Control of Illinois Central.

Stuyvesant Fish and some Of his allies In hi.
against Edward Il Hartman for the con-
rroI OF the Illinois Central replied yesterday TO
a. alleged dispatch from London, which they
say was circulated by Mr Harrin1an-s agents.
This dispatch says that Lord Rothschild re-
voled the proxy which his firm. N MsRoth-
schild & Sons, gave Mr.. Fish for the Illinois
Central annual election. II further reiterates
TIE charge that Mr.. Fish had secretly and
v-rongfuIly loaned funds Of the road to the
Commonwealth Trust Company-fornerly the
Trust Company Of the Repubic-when he and
MS associates officials and directors OF that
company
Mr.. Hartman was al his home, No. S74 Fifth
avenue yesterday. When asked about the
London dispatch" he said he knew nothing at
al about IL. and. furthermore. that he did not
care II the slightest degree what Mr. Fish might
O. might not say
II regard 10 the Rothschild proxy, one Of Nj
Fishfs associates said that il was highly prob
sbIe the American firm, which transferred i've
hundred shares OF Illinois Central stock TO N NJ
Rorhschild & Sons, and had remained neutral
throughout the fight had requested the Roth
schiId firm not 10 give either side q proxy, and
this the Fish reply SAYS is assumed is the ex-
c5,se for the London dispatch
As 70 the other assertions in the dispatch. Mr..
F7sh said they simply showed that NJ Harri-
mn has Cespsired OF winning his in Judge
Bars court, in Chicago, and rs revamping
yarns which were exploded year ago. and
-vhich he disposed of finally in an affidavit fled
- December Is last
Il his affidavit Nh Fish sv7ore that the rea-
sous given by Nj Hartman and his supporters
so- refusing 70 re-elect him president Of the
Illinois Central were false, and that IL had been
the custom OF that road 10 lend its idle funds 20
rs officers and directors until he himself caused
bylaw 70 be adopted foToidding such loans
re sIso sv-o-e thar the loans made 70 him by
the Illinois Central were reported salts
factory by The auditing committee, and that
he hoard % directors, including Nr- Hartman
and -5ose who 50 bltndly follow him" with
<ul knowledge Of these loans, had unanimously
reelected him president Of The road, and IN 1905
increased his annual salary from S35o00 10 S45-
400 The @6davit also contains the statement
-rz- 1hs Commonwealth Trust Company vas
ri always had been perfectly solvent
10 none O. these parts Of my AFFIDAVIT said
NJ Fish, did Hartman any Of his followers
zzke exception. Now IS 70 the Commonwealth
--us- Germany. Il has not debt outstanding
Considering the difficulties which were so clev-
c-ly szddled On II il 1902 ny another trust com
-zry Of which Hartman was then z director.
his condition reflects the highest credit and
honor on every ofloer and director OF the Com
nose Who Ike Winthrop Z ScaTTUt P r
Porneisie- and Charles Il wennlan, came into
zl1s company after Il had peen victinalzed by M-.
FEa--i-1an's COMPANY.
NJ FISH Gays The suggestion that the Illinois
central nay have moneys 70 lend is amusing.
n 5-5ez oE TIRE fact recently put out by Ny
Ezr-traan's agency that il Is il the market for
$4,000 coo As 20 this proposed loan 2T- Fish
says
The stockholders ought TO know that Nj
Hartman proposes 10 carry this floating debt
--- short. term notes. pledg.ng therefor a new
.=s,se cf bonds 70 be secured by nlcrtgaging the
cars and engines owned by the company His
s~owed reason Is that this form Of mortgage
cer q made by board resolution. without con-
s-,f-f-1- The stockholders With other directors
r have ors7osed this. We favor issuing Il Per
cert O. additional shares. al shareholders 70
rzve the right 20 take them Il par, ratably. &C
c--7-re 70 their holdings; and also selling bonds
II, o. secured II such q way and with the con-
zs-t Of the stockholders - 70 become lawful
Investment for savings banks
or plan vviil give to the stockholders
----r7z r7-o1syrtlsr7ate 10 the premium on the
e-cck and Il savings bank bonds are issued The
needed money viii be had at thu lowest possible
zee Moreover. the company VIII b. saved
sr---7 4l1e folly Of attempting % finance On call
1ra~S-