New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-27
WESTINGHOUSE CONTEST
Election Committee viii Report
Its Count of Proxies To-day.

Pittsburg. July o6.-The annual meeting
OF the Westinghouse Electric and Manu-
featuring Company was adjourned until
tomorrow after the passage Of n resou-
ton. presented by Charles J. Canda, OF
New York, and amended by Chairman
Robert Mather. OF New York. providing
for the payment OF dividends on the as
scnting stock whom. in the judgment OF
the directors. such dividends are war
ranted.
Former President George WESTINGHOUSE,
who had made a long fight for proxies.
presented a ticket in opposition to the
regular ticket of the management. on it
we're the names Of f. VI. Herr and James
s. Kuhn, also on the other ticket. and
John r. McCune and r. r. Mellon, Pitts
burg bankers. He also wanted Alexander
Humphreys, Of New York. elected 10 iii
vacancy. The management asked the
election Of Edwin F. Atkins. OF Boston.
and G. +. Rrookerl 90 the board. and Har-
rison Nesbit. of Pittsburg, to fill the va
cancy. So many proxies were received
that the election committee will not be
able 20 report until tomorrow afternoon.
George Westinghouse had been making
vigorous fight for proxies for use at yes
terday's meeting for several weeks. and
hoped 10 elect a least one of he FOUR di-
rectors TO be chosen at the annual meeting.
In his circulars TO the stockh) lders urging
them to give him their proxies Mr.. West
inghouse charged that the management had
failed 70 live up 10 its promises, made at
the time the company was reorganized, to
oF nm
asserting stock when the earnings war
ranted It, which he asserted was now the
case and he promised, II given tho power
to see that the stockholders cot heir Just
rights in this and other matters.
one Of the Westinghouse circulars said
also that the present directors We're not
representative Of the stockholders that
' they had other interests 10 serve except
those Of the company and its s'0Ckhold-
ers' and that they could not devote the
necessary time 70 the company's affairs
and IT again urged the stockholders 70 send
their proxies 20 Mr. Westinghouse. 80 the
end that their interests may ne 7dequaJe-
" protected and safeguarded."
This last circular brought out a reply
from Chairman Mather in which he said
that the implication conveyed by Mr.
Westinghouse were unvarranted and cast
unjust reflections upon the directors He
said, also. that he would welcome an in
quiry, such as had been. suggested by Mr.
Westinghouse in one Of his circulars. for
the appointment NJ an independent stock
holders committee 10 Investigate the man
agAment Of the company and its finances
since the reorganiza ton. provided that the
powers 81 the committee were enlarged so
as 70 authorize II 70 investigate the man
azement and finances n the company prior
70 the reorganization
The merchandise creditors committee.
whose plan for the rehabilitation of the
company was adopted by the stockholders
and creditors alike. and resulted IN the
discharge Of the receivers in December
1905. also got into the proxy fight az this
time by sending out a circular in favor ~
tho management and declaring against a
resumption OF dividends on the asserting
stock
The committees circular characterized
Mr. WestinGhouses efforts 20 secure proN-
les a AN attempt 70 undo the work which
resulted IN the discharge ot the receiV-
Mr. Westinghouse retorted with still an
other circular in which he repeated MS
charges that the management was not
properly representing the interests Of the
stockholders and giving figures 70 show
that the COMPANY was well able. N MS
opinion. 10 resume the payment Of dlvi-
dends on the asserting stock He added
that II had been the policy Of the manage
n1ent instead OF resuming dividends 10
write down assets and risk the funds In
now extensions and new ventures.
This ended the campaign, so FAR as the
exchange Of circulars was concerned, and
both sides waited for the stockholders 20
send in their proxies.