Trusts, Pools And Corporations;

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Still another matter should be brought to the attention of the Court. On the 22d of June, 1903, while proceedings were pending for the appointment of a receiver of the Shipbuilding company, and, as it seems to your Receiver, with a view of forestalling the action of the Court, and in contempt thereof, the directors of said Company adopted a resolution, as provided for under Mr. Schwab's mortgage, requesting the New York Security Trust Company to vote the entire shares of the capital stock of th
...e Bethlehem Steel Company in favor of and for the following persons, as directors of said Bethlehem Steel Com- pany, namely, E. M. Mcllvain, Archibald Johnson, Adolphe E.
Borie, and Lewis Nixon. Mr. Mcllvain was at that time and is now the President of the Bethlehem Steel Company ; Mr. Borie was and is the Vice-President of the Bethlehem Steel Company, and Mr. Johnson was and is the General Superintendent of said Company. As the remaining directors were selected by Mr.
Schwab's trustee, it is apparent that but one of the seven could be said to represent interests other than those of Mr.


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