The free lance. (Fredericksburg, Va.) 1885-1926, 1910-10-22
$IO,0OO,0O0 SUIT.
Gross MiSmanagement of
|. G. Railroad Charged.
ANNUAL REPORTS ATTACKED
Deputy sheriffs StOrmsd Annual
Meeting in Chicago and Served
subpoenas on Prominent
Financiers.
ANNUAL REPORTS ATTACKED
&sk

Chicago, Oct 20-Unexpected excite
ment was furnished at the annual
meeting Of the stockholders Of the I'LL
ncis CeAtral railroad.
Attorney Maxwell Edgar, who held
proxies from an independent commit
tee, including Secretary Franklin Mao
Veagh. Of the United States treasury,
made charges OF gross mismanage
ment OF the AFFAIRS of the railroad
company. Almost simultaneously
deputy sherifs served subpoenas OF
the officers Of the road TO appear in Q
$40 600, 900 damage suit brought BY
Attorney Edgar.
The Park Rev station, where the
stockholders meeting was held, wal
surrounded by deputy sheriffs placed
there to guard against any attempt to
evade service. which night II was
feared by Mr. Edgar. DO made by cast
ern directors.
Mr.. Edgar introduced a resolution
to the stockholders demanding an in
vestigatiOn OF the conduct of the road
by the directors and officers. II was
lost by an overwhelming vote of 1884,
100 shares as against Sal.
Mr.. Edgar stated that he represent
ed sixty shares Of stock and also
special committee Of stockholders, in
Guiding Secretary MaeVeagh. A. Mont
gomery Ward. Joseph Coleman and
Henry w. Lemen. -
Accounting Demanded. W
In addition 10 the plea for SIC, 1000
600 damages the suit which is brought
for the use Of the Illinois Central
Railroad company" against the direc'
tors of the corporation. also demands
an accounting Of all the roads
finances, both of the main line and the
subsidiary lines. The principal allega.
tion on which the salt is based is that
the annual reports are not correct and
that the directors are responsible fol-
losses which the road is alleged to
have sustained.
The defendants named are:
James 7. Harahan. Cornelius Van.
derbilt. r. w. be Forrest. r. s. Low
cit, John Jacob Aston, ]. Ogden Ar
mour. Charles A. Peabody. John G..
Shedd. Alexander C. Hackstan, Walter
Luttgin, John w. Auchinloss and Rob
ert W. Goelet
After the visit Of the deputy sheriff
with the summons. Maxwell Edgar
presented another resolution asking
that the stockholders agree on a civil
suit for an accounting OF sums alleged
to have been lost to the road through
dealings In which the late Ira G.. Rawn
appeared.
Maxwell Edgar declared that his
right to appear in the stockholders
meeting rested on two shares of Hi.
nois Central stock held by his wife
and ffty-eight ether shareholders for
which be also held proxies. -
Dsneen a Director.
Included in the list Of directors is
Governor DeneeD. ex-o1hcio. a director
OF the Illinois Central railroad.
Those served with q summons in the
suit, according to the deputy sheriff,
were President James T. Harahan,
Cornelius Vanderbilt, John Jacob AS
tor, Charles A. Peabody. Alexander H.
Haekenstaff, Walter Luttgin and John
W. Auchinloss.
The actual business of the meeting
was the re-elsctiep of President James
7. Harahan. Cornelius Vanderbilt and
Henry W. De Forrest as directors for
four years. The three were elected
without opposition. All the directors
Of the road we're present with the ex.
csption Of Mr. De Forrest, Robert S.
Lovett and Robert Walton Goelet.
President Harahan declined to dis.
cuss the Edgar suit or the resolutions
introduced in the meeting.