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Show THE HARRIMAN VIOTOBY. The friends of President ITarriman in this region will join in congratulating congratulat-ing him upon his victory in the Illinois Illi-nois Central case aguinsl StuyvcBant Fish. Not-that wo hero have any direct di-rect interest in that suit, but we have a direct interest in Mr. Harriman, who hns donr and is tlping so much to im-provo im-provo his transcontinental railway system, sys-tem, aud who is expending 11101103 by the millions in this city 'to renovate tho stroot railway system, and in building shops for the streot car S3'stcm, and a new power-house for the electric lighting light-ing system. Judgo Ball held for Mr. Ilarrimau all along the line, and the Union Pacific Company stock, 2S6.231 shares of which were tied up in this injunction suit, will be voted by Mr. Harriman on March 25th, nl, tho Illinois Illi-nois Central Railway Company's election. elec-tion. Judgo Ball held that "there is but one ground upon "which this bill can be maintained. If tho Union Pacific Pa-cific has no right to buy, hold, or own either the Illinois Central or tho Securities Se-curities Company stock, or either of them, and is intruding in this elcctio'n wholly without right, then I think bona fide stockholders without alleging 3r-"reparablo 3r-"reparablo injury may ask the court, to throw them or it out." But ho holds that thero is nothing in tho internal policy of Illinois, or its statutes, to prohibit the holding by a foreign corporation cor-poration of "stock in a domestic corporation, corpo-ration, which stock it purchased and paid for and holds under an express power granted to it by the State of its creation." Inasmuch, thorcforo, as tho Union Pacific is empowered by its charter char-ter to hold this stock, as it has undoubted un-doubted title to it. as thero is nothing in the line of public policy of Illinois preventing the holding and voting of this stock in the Illinois Central Railway Rail-way Company, thero is no ground on which to rofuse Mr. Ilarrimau the right, as president of tho Union Pacific Rail-why Rail-why Company, 'to vote this stock at tho Illinois Central meeting. Judge Ball, therefore, granted the motion to dissolve dis-solve the injunction, and the stock is released, and can bo voted as Mr. Harriman Har-riman desiros. Judge Ball discussed at considerable length the alleged fear pleaded for stockholders in the Illinois Central, that Mr. Harriman would voto this stock in an interest hostile to the best interests of tho Illinois Central company-. Judge Ball, however, dismissed this plea, as irrelevant and not to be assumed. Tt would be too violent a presumption to suppose that the representative of the majority of the stock in the company would use that slock agairlst the company's com-pany's interest. Good faith would be presumed, unless something definite and reasonable could bo shown to the con trary. This order not being appealable, there is uo chance now to prevent Mr. Harriman from voting this stock. The proceedings ' so far, however, by no means settle the main propositions involved. in-volved. Tho "merits of the caso," so called,, arc yet to be adjudicated, if, indeed, it be found worth whilo to do sc. But, it being conceded that with the voting of this stock, Mr. Harriman 'will have th.e majority of the shares and. can do as he will in the election and put in his own men as directors, we-should think it vcrj' likoly that the litigation will end right here; because it would seem to be a hopeless case to expect to wrench the control of the company from tho majority by the minority. Mr, Harriman 's victory will undoubtedly undoubt-edly be well received in this region, and tho public w.ill be glad that he has won. From the known operations of Mr. Harriman in railroading in large ' ways, we should say there is nothing -whatever to fear in the way of dc-structivencss dc-structivencss from his control of the Illinois Central, but rather the reverse. We should expect, from his record, that he would- strengthen that company and not weaken it; and that the company would derive immense benefit, and uot injur', from, his control. |