Garland Globe | 1907-04-13 | Page 2 | It's up to Stockholders

IT'S UP TO STOCKHOLDERS. Opinion Regarding the Alton Deal Submitted to Governor. Springfield, 111. Attorney General Stead, In nn opinion submitted to Governor Deneen expresses doubt as to whether It I tho provinco of tho state of Illinois to proceed ngalnst E. It. Hnrrimnn and his associates for tho alleged manipulation ot tho Chicago Chi-cago & Alton railroad properties. If tho stnto should revoke tho compa-'nlcs' compa-'nlcs' charters tho loss would rail on tho stockholders, tho Hnrrlman pcoplo pco-plo already having disposed ot a largo portion of their holding's. Tho attorney general concludes, therofore, thnt tho best plan would bo for tho company Itself to seek n remedy for the situation, or even for ono or moro stockholders to act. At tho same time Mr. Stead assures tho governor thnt should ho become convinced on further fur-ther Investigation that tho stato can relievo tho road's condition ho will inako the necessary moves nt once.