The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1908-02-22
FISH INTERESTS
WONT GIVE UP
DECLARED YESTERDAY THAT
THEY WOULD YET WIN d.
RECToRs' ELECTION.
JUDGE BALLS DECREE
and Vote Stock-Harriman' Dom
ination Would Not Bring
About Change.

Chicago, Feb. 2t-The Fish forces
stlll fighting desperately and refusing
to surrender declared today that they
. still hoped to win in the election At
torneys Henry Leman, Fish's Chicago
representative, and his associate
Judge Edgar H. Farrar of New Or
leaps. admitted that they had nt
plans for the future and that the dis
solution of the injunction was final
They had not decided ON what Legal
steps they would take to prevent the
complete victory of Hartman, and al
mitted frankly that unless Fish could
present enough votes to control the
election defeat was at hand.
/ Great Panic Averted.
/ According to attorneys representing
| Hartman, the decision of Judge Bail
| prevented one OF the greatest panics
IN the history OF the financial world
They stated that had Judge Bah up
held Fish in his contention that no
| corporation has the right to hold stock
In another corporation, there woulo
have been a financial panic when
would have made the panic of No
yember seem as a summer zephyr II
cyclone.
ReTph NJ Shaw Of Winston. Payne
& Strawn. representing the Hartman
interests, said:
THE decision Of Judge Ball is the
most important handed down in the
last twenty-five years. On it depend
ed the fate Ct $453000,000 worth OF
stock, par value. In Illinois alone The
question involved was whether or not
a foreign corporation can hold the
stock Of an Illinois corporation. I'll
this injunction had been upheld It
would have caused a financial panic
compared with which the October-No
vember panic would have been a
zephyr to a cyclone.
The Union Pacific. involving only
sI3. 600 600. was watched with intense
interest. The Northern Securities
company was considered vital. but
they affected only present conditions
This case would have upset every
thing done In the last fifty years"
The decision of Judge Ball was
quite extended, amounting to about
10000 words After reciting the his
tory of the case, and going at con
siderable length into the various |
claims and assertions made by both |
sides, the court went on to say:
Judge Balls Opinion.
THE only thing ayerred and pro |
yided in this case as to the future |
actions Of the defendants is that at |
The coming election the Union Pacific |
and the Railroad Securities company
will vote the stock they own and |
control for the reelection of three Of |
the present directors each of whom |
has served the Illinois Central ac
ceptably for many years, and for a
fourth director In place Of Mr. Fish |
a competent man who is not in any
way connected with the Union Pa
cific. No act prejudical to the HI
inois Central or 10 It's stockholders Is |
shown to have been done unless the
mere fact that the Union and the Rail |
road Securities company own 20 per
cent OF the stock of the Illinois Cen |
trail to be considered to be So.
Since the retirement of Mr. Fish |
from the presidency, the policy of the |
company has been the same and its |
executive officers, with one exception
caused by death have remained the
same from that day to this The re
laticns between the Union Pacific and
the Illinois Central are now what they |
were when Mr. Fish was in power and
assisted in shaping and consented r.
such relations. Nor is any change In
tended. ii the affidavits OF Well known
and reputable men be considered as
true.
Hartman Name to conjure With.
THE bill, however. charges many |
things which may happen to the detr. |
ment OF the Illinois Central and its
stockholders If the Union Pacific and
the Securities company be permitted |
TO vote at such meeting; but no facts
are alleged or proved which even tenl
to bring about such results. Courts |
of equity act on facts alleged aud |
proved and not on fears or supposed
prophesies. e !
If it we're not for the fact that the
name Of Hartman is a name To con |
jure with these allegations would not
be taken 50 seriously. There are man.
things stated in the bill as to the in
tention of the defendants which, IL pu. |
in force. or even attempted to be put
in force would call upon the court |
to intervene: but diligent search Of
this record falls 70 show that such
things exist in any concrete form. The
complainants say that II the Union
Pacific and the Securities company arr
permitted to vote at the coming cleo
ton the hold Of Mr.. Hartman upon
and his domination over the Illinois
Central will be strengthened and that
finally the Illinois Central viii be r.
duced TO a vervient o. sition and viii
be given the lean end Of the carr I
ing trade. But they fail 10 prove