The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1910-10-20
CHARGE GROSS MISMANAGE-
MENT OF AFFAIRS.
Ask S1O,OOO,0OO Damages and De
mand Accounting 10 All Main
and Subsidiary Lines.
As SURROUNDS ARE SERVED

.citement was furnlsned at the annual
meeting OF the stockholders of the
Illinois Central railroad Attorney
Maxwell Edgar, who held proxies
from an Independent committee. In
GLIDING Secretary Franklin Mac.
Veagh of the United States treasury,
made charges OF gross mismanage-
ment of the affairs Of the railroad
company Almost simultaneously
deputy sheriffs served subpoenas on
the officers OF the road to appear in
a $4,000. 900 damage suit brought
by Attorney Edgar.
Only the praecipe OF the suit was
filed. II was marked suppressed for
service The defendants named are:
James T. Harahan, Cornelius Van
derbilt. r. w. De Forrest, r. S.
Lovett. John Jacob Astor, J. Ogden
Armour. Charles w. Peabody, John
G. Shedd, Alexander II. Hackenstaff
Walter Luttgin. John W Auchinloss
and Robert w. Goelet.
Say Reports Not Correct.
In addition to the plea for &c.,
600. 600 damages. the suit. which is
brought "fOr the use of the Illinois
Central Railroad Company" against
1.-THE directors Of the corporation, also
demands an accounting OF all the
roads finances both of the main
line and the subsidiary lines. The
principal allegation on which the
suit is based is that the annual re-
ports are not correct and that the
directors are responsible for Losses
which the road Is alleged to have
sustained
The Park Row station, where the
stockholders meeting was held, was
surrounded by deputy sheriffs,
placed there to guard against any at
tempt TO evade service which might.
II was feared, be made by Eastern
directors.
Mr.. Edgar introduced a resolution
TO the stockholders demanding an
investigation of the conduct of the
roads affairs by the directors and
officers. II was lost by an over
whelming vote Of 7S4.160 shares
against Gal.
Leman Asked to BE Excused.
Mr.. Edgar stated that he repre-
scented 60 shares of stock and also a
special committee of stockholders.
including Secretary MacVeagh. A.
Montgomery Ward. Joseph Coleman
and Henry w. Leman. Mr.. Leman,
who was one of the stockholders who
fought for the retention of Stuy-
vesant Fish as president Of the road
few years ago, arose in the meet
ing and asked to be excused as a
member of the committee which Mr..
Edgar said he represented.
After the visit OF the deputy
sheriff with the summons. Mr.. Edgar
presented another resolution asking
that the stockholders agree on civil
legged to have been lost to the road
through dealings in which the late
Ira G.. Rawn appeared. The resolu-
ton was voted down, as was an
other resolution asking that suit be
brought against c. A. Peabody and
A. G. Hackenstaff to recover on
bonds of $4,000 and 100000.
The actual business of the meeting
was to re-elect as directors for four
years ]. T. Harahan of Chicago and
Cornelius Vanderbilt and Henry w.
DeForest OF New York. In the
course of time, the election was
brought about.
With the exception Of Mr., DeFor-
rest, Robert S. Lovett and
Robert w. Goelet, all the East
ern directors were present and
were severed with subpoenas. Gov.
Deneen, who Is a director, ex-officia,
and who attended the directors
meeting, did not attend the stock
holders meeting He is not named
in the suit.