The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1910-10-22
HOT STOCKHOLDERS MEETING
DIRECTORS INTERVIEWED BY
DEPUTY sHERIFFs.
Latest Chapter In illinois Central Car
Repair Fraud
Gases.


were given lively hour and half at
their annual meeting, through the ef-
forts Of Attorney Maxwell Edgar. Hold
ers representing 7S4,S66 shares of
stock were present. Mr.. Edgar ar.
rived with proxies for 60 shares which
enabled him to take part in the meet
ing. He was accompanied by two dep.
uty sheriffs who AIDED to the confusion
by serving subpoenas during every lull
in the meeting on the various directors.
The subpoenas were in a suit for
e10,000.000 damages which Mr.. Edgar,
constituting himself an attorney for the
road, started in the circuit court. The
defendants to the suit are the directors
Of the road whom Mr.. Edgar seeks to
hold responsible for alleged financial
loss through car repair graft" gener.
al mismanagement and alleged rebat.
Ing.
Charges tncompotency.
Three resolutions were introduced
by the militant attorney. All were lost
by overwhelming vote. He denounced
the present management of the road,
made the charge that It's directors are
incompetent, that its financial state
ments are juggled and misleading and
that its officials are dishonest and vic.
iating the interstate commerce law.
His first resolution was in support of
these charges and called for an indie
pendent investigation of the road by q
commites or prominent stockholders.
He was voted down 7S4, 100 shares to
GAL.
A second resolution In which he de-
manded that all directors who are not
residents of Illinois be ousted on the
grounds that the constitution OF the
state prohibits the present proportion
of outsiders on the board. This resolu-
ton was voted down without the for.
f. mality of a roll call. On his third and
last attempt Mr.. Edgar proposed reso-
luton asking that suit be brought
against James T. Harahan, president
Of the road and the estate of the late
| Ira G. Rawn, who resigned the vice
presidency when the car repair scandal
came to light, on charges of gross neg.
lect, criminal and culpable negligence.
; This resolution was buried under an.
other avalanche Of contrary votes.
Three Directors Reelected.
The actual business of the meeting
was to re-elect as directors for four
years, ]. +. Harahan. of Chicago. and
Cornelius Vanderbilt and Henry w. De.
Forest. Of New York. In the course of
time the election was brought about.
With the exception Of Mr.. DeForest
Robert 8. Lovett and Robert w. Goe.
let. all the eastern directors we're pres.
ent and were served with subpoenas.
The directors were dumbfounded
when the deputies, Schultz and Erick-
son, began serving them with summon.
ses
John Jacob Astor was seated at one
side of the room chatting with w. l..
Park. vice president of the road. He
looked at the paper, quizzically turned
it over and read it twice. He whis.
pered with Mr.. Park and then accepted
service. Cornelius Vanderbilt was in
the center of the room when the sum.
mons was read to him. He stroked his
brown Van Dyke beard thoughtfully
and then fastened to Mr.. Harahan for
advice. BY that time another deputy
was reading another summons to the
president of the road. Charles A. Pea
body accepted service with a nod of
the head.
Were Easy to Locate.
The deputies found it easy to locate
the directors as the stockholders meet
ing was the smallest in years, only 76
of them being present in person. OF
these, Ave were women who were al
their wits end trying to find out wha,
all the trouble as about. J. Ogden Ar
mour and John G. Shcdd, of Chicago
did not attend the meeting, but will be
served later
Rail President to Quit.
Chicago. Oct. 2O.-Prcsident Jamet
T. Harahan, of the Illinois Central rail
road, has confirmed the reports of hii
prospective retirement. naming Jan
IL, 1911. as the date.