Show I POLICY IS ASSAILED 1 r Caustic Shake lip New Now York March arcla IL Talbot J Taylor Ta 1 Co brokers sent out a cir clr circular cular calar today toda to stockholders of the Southern Pacific company eom asking for proxies to be voted at the an annual annual annual nual meeting of the company compan Mr Ta lo is fa a of ef James R RK Keene K the reputed manager maa l of the speculative pool In la Southern Pacific which it Is ii understood has ob d to the tile policy of the Union in m control of the Southern Pacific la ta de deferring terming ferring dividends on Southern Pacific stock The circular e Issued by Talbot J 1 Taylor 1 Co says aye that over has baa been expended expanded for reconstruction and UMI lid betterments and improvements on tile Che Southern Pacific but bu that th the op operating o orating expenses continue to be from troUt 19 te teto to 16 15 per cent cOut nt higher blaber than then on any other read redd competing for transcontinental business which the circular declares declare Indicates either puss gross mismanage nt or wilful intention to deceive the stockholders Idera as to the true net earn earnings ings of the company and ad by this depress the market value of OC the tb dk A J |