Show HARRIMAN SWAYS WELS NELLS f FARGO ARGO GO CU Old Management Has Complete Complete Com Corn Contract of Annual M Meeting Control of Annual Stokes Party larty Makes Show Pat Surprising of or Strength and niI May Ia 5 5 Ho Bo Be Increased New New York Aug 9 E Edward Edward wald II IL I. I antI and tho time Interests that ho Ito represents ts conci conclusively demonstrated this afternoon that the they are still sti In control of or tho the Wells Fargo company compan an and that whatever action acton the they ma may desire de do- sire Ire to can carry out is is Is' satisfactory to the time majority of tho the s s ers The meeting began In the time offices of the time corporation at 10 1005 05 this morning timid and lasted until after 5 o'clock this after after- noon The Thc outcome is a sweeping victory victory vic vie tory for the old control which won out omit on the tha the first test vote rote This was for tor the appointment of or a committee to investigate In the time financial earnings s sor of or the Wells Fargo Fargo els company The motion moton was oppose opposed by William kel kelson elson el- el son sn Cromwell Cromwel for Mr Harriman an anthe and the vote yote resulted In the time defeat the resolution which was Introduced by Samuel for Walter Waiter Waler C C. Stokes and amid the Interests that time the latter latter lat lat- attel at- at ter tel represented vole vote resulted result result- ed 1591 shares sham against to 2646 in favor This w was s the real test of oC strength and amid it was about the time same sameon sameon on all al of or the propositions that came up The old board boar o of directors were reelected re- re elected as follows E. E H. H Harriman Dudley Evans John John JohnJ J. J McCook William l' l F. F Herrin R R. S. S Lovett Lovet H. H B. B Parsons II I. I E. E Huntington George Georgo E. E Gray F. F D. D Un Underwood erwood Julius Julus VV W. W V. V S S. Thorne W. W T. T Van Brunt and anti William D. D Cornish hJ as ns Observer From the time start it I was plain that lint the forces were in direct control control The Stokes party demanded representation on the Inspectors of oC election electon but this thi was refused al although although although al- al though permission was granted Mr Ir II II- A. A Babcock to sit si with the Inspectors tors as an observer er it i being expressly cx- cx pressly stipulated that he was not to tobe tobe tobe be considered an nn Inspector 5 In the annual report President Evans stated that the net earnings for tor forthe forthe the last fiscal year ear were e equivalent ale ul t to per er cent on the time capital stock Mr Ir intimated that the tIme annual report of the corporation did dit fi finot not riot show its it true financial con condition and this was aas denied b by the president who insisted that during the past year car carthe the company's compans operating expenses had been Increased enormously because of or orthe the epidemic of yellow fever in the south i and ansi the time strong competition in other fel fields s. s Question of or Hah Ralph 1 W. W V. V Cutler Cuter a as s stockholder r m d that thaI hat stock lock br bf r t. t tim llie st hc 1 lon be bo placed on a 16 it per pel cent cen annual annual annual an an- nual basis and amI this was amen amended cd by byh Mr h Cromwell Cromwel moving that tho time question queston ques ques- tion ton of dividends be left lef to the hoard board of directors This latter later amendment was carried by a vote of 1591 t to None of or he representatives s of the time minority In Interests r s cared to discuss their future plans fans hut but it i is rumored that the they are not yet through with wih their efforts effort to have the time dividends dividends divi divi- of or the company Increased They ma may max not have to resort to any drastic plo proceedings ee however as in lim financial circles tonight the tho report Is current that the board of directors will wl very ven soon materially Increase the time dividends dividend's of the time corporation The Stokes party parly made a a. surprising show of strength at today's meeting which has impressed some sonic of nf those most prominent in the tho Wells Fargo Fargo Veis directorate with wih the fact tact that it i will willbe willbe be bc necessary to recognize their demands de do- man mands s in some way as soon as pos pos- pos pos- sible sibie |