New-York tribune., 1912-03-01
/. S. EXPRESS MEETING
Roard to Take Action March 8
an Justice KeIIogg's Decision.
WILL DECIDE AS TO APPEAL
p,ott Saws Court Ruling Showed
stockholders Had No Cause
for Complaint.

..,,r Of the board Of directors Of
g.. 1-nIted States Express Company viii
:. ,s,s on March to decide what action
ave on the decision handed down on
rr,aresday al Gloversvine. n. Y. by Jus
&c. Kellogg, of the Supreme Court direct
- che management Of the company to call
meeting Of the stockholders within a
.,,,s+ed time for the purpose Of electins
Ian directors to the board.
rank n. Platt. one of the seven d.
...,ors and also counsel for tho United
-. rxpress Company, declined to say
rssterday whether or not tho decision
49, bo appeaIed. lie said that was
..ot,er for the board Of directors 10 decioe
-d that there would he noIing to say on
..o matter until after the meeting OF the
hoard on March
Sno.yina OF Justice Kellogg's decision Mr.
p,.,, said that the most important parts
:, a we're I'm the main very favorable 10
~. r,anacemeut Of the United States In
-. Conpauv. and set AZ rest what he
.-,ed "tbe absurd contention Of the con-
.--,,,g committee OF stockholders that we
"a e,tor4d into O conspiracy with the
...,,ore,o4nt Of other express companies TO
d4oreciate the business of the United states
Txpress Ccmpany.
tTA added that Justice kclloss' decision
.hoved plainly that under the present
management Of the company It's business
ho1 been conducted in a manner tnat
sbo,ld have pleased the great majority Of
e,ackboI5.rs. as in fact ii had. He called
o,,ention 10 these paragraphs Of the de-
clsion.
y, e no. fact that there is q line of
- -. = ~ snow mat the purchase by Welr
~ Fargo OF stock IN tne United states
TY,rase at,+ onlpsuv was known 10 the Piatts
A. or before the time OF It's Delng maut'
n Is not a fact that any proof was given
TO show preccntcerteP sSnetie ND u StetSon S
~ n; one side and the Platts upon the
otbfr TO iniure the United States Express
Company FIR the benefit OF its rivals. II
l. not . feet that The presence III the ul-
-se,orate of the United states Express
Companv Of Weir Fargo ana Stetson mas
bssn AM injury 10 that company, or that
the business Of that company mas Leeh ue-
pressed since their election
on the contrary thei" election appears 10
haze operated benehcially for the COMPANY
sor tEe business Of that company has
grsatly improved and It's assets greatly
Increased since their election. Inc an
rusI earnings Of th. United states Express
Toonauv from operations have increased
fror SOSo06G in l@lU 10 $l6,Al.So4 IN the
wear 1903 The assets OF the company III
Excess o. liabilities have increased from
= sd- .21 in 1871 20 81 - 723 IN 1919. There
have been declared iu the wears from l9ol
10 laq dividends IN the amount Of SS4G@"OO;
Tne mileage Of the company has increased
fron 965le miles In 300 TO c-,J1) mics il
Tb+ Unite states Express Company in
wTJavas competing with the adams at ago
ofices. .n 1909 It was competing with II at
90 offices a. was connecting with the
American in lf)1 az 425 offices. IN 1919 II was
comrcting at 5S- offices No talr minded
person can make study OF these hSuTes
and believe con usV'racy existed 10 wreck
ihe United states Express company lor
the benof, OF the Adams and the American
az that the presence Of Weir. Fargo and
ste,son upon -'e board Of the United states
Express Comrauy has been for that COM
rsny other than an uhlnlXtG 5000
Many charges are maae In the complaint
against ths directors OF tile United states
EHprcss Company. involving. mlsmauaGe-
-ent waste fraud. corruption. eNtraVa-
garce ard unf7!thfGlr'S-. l. IS unneces-
sar, 10 consider these charges in detail, for
10 proof whatever has been given TO sub
s.antate them
The Plat control yt ne management OF
the company came to an end on February
whcr four representatives, Of the Harri-
man estate were elected 10 the board, two
70 Al vacancies and two 10 succeed c. h.
Crosby. formerly vice-presidert and gen
ral meaaser. and Albert B. Boardman,
Who resigned - make room for them on
me board
No meeting Of the stockholders Of the
company has been held since 1862 Justice
Kenogg's decision compelling the holding Of
meeting IS the outcome of an action
against the company begun in 1907 by
.'nmit,ee Of stockholders who were dis
ntsaeG with the way the affairs Of the
company We're being conducted, and wanted
meeting called 50 that they could bring
etaut change IN the mana cement