The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-08-08
Senator Jones (Arkansas) Resolu-
ton to Investigate is Adopted.
The House Committee Resumes the
Whisky Trust Examination.
The Gearing is Concluded with
Several Important Witnesses.
The Republicans Still Frotting over
Their me, Too" Tariff Bnl-A
Bridge Care Decided Against
the l.. a. N. Company.


mlttee on manufacturers today resumed
its inquiry into the whisky trust. Joseph
b. Greenhute OF Peoria, ILL.,, president OF
the Great Western Whisky trust, pro-
duced the articles OF agreement among the
organizations forming the basis OF the
trust, and explained that all OF the property
and capital Of the distillers was pooled and
certificates OF stock issued. The organiza-
tons composing the trusts are located in
Illinois, Ohio, Indiana, Wisconsin and
other northern States. The preamble Of the
agreement recites that the purpose of the
trust is to secure intelligent cooperation
in the business Of distlling spirits from
grain and other material, mailing and the
feeding OF live stock, and for the sale Of
the products in the home aud foreign
markets.
The agreement shows that the trust is
vested in nine trustees, whose principal
office is in the city OF Chicago. The trust
certificates are worth 500 each. The trust
is TO continue for twenty-five years from
the date OF agreement, and thereafter con
tinuc until terminated by a vote of G62-3
per cent. in value OF the holders Of ccrtif-
Gates ut q meeting called Tor the purpose
The rest Of the agreement is drawn up
largely after the manner OF that of the
sugar trust. A board controls the opera
atoms of the trust. Mr.. Grccnhutc ex-
planned that the organization was CO.
operative concern, intended TO insure in
telligent concerted action, but not to cor
ner the markets. Once month the board
OF trustees meet, examine the books, and,
II circumstances warrant il, declare diyi-
dcnds. Operating under It's general drec-
ton are sub.boards 10 control local work.
Their officers were elected subject 10 the
approval of the general board.
which, In this way, maintained
It's control OF the trusts. OF the
annual output OF the trust 10000, 900 gal.
Ions of spirits), about 10 per cent. was con.
sumed Us a beverage, 100000 gallons wa,
used In the arts and the remainder in man
uiacturcs and wine. The witness believed
that from natural advantages, such ~ chOT
fuel, grain and other Jaw material, tn,
domestic manufacture OF spirits WAS iully
able to meet European competition with.
out the aid Of import duties, which, in hi,
/ opinion, were not necessary 10 enable on
spirit makers 10 control the market al
home. Exclusive OF the "moonshino'
product Mr.. Grccnhuic believed that IN,
/ association represented 10y himself made
/ G5or per cent OF the quantity OF alc0ho
manufactured in this country.
Witness said the Western Export nsso
citation was formed in November, 1881, ioi
the purpose Of exporting the surplus goods
This expectation was done at q loss IN
/ order to compete with Gcrmany's produc
| tt,n TIA. na.nFiutiou went ont Of pNial
cncc Nav I, 1857. lie thought that alec
hol used in the arts could safely be lCl
/ untaXcd. lie said that $4,000 worth O
/ trust certificates had been issued, and
/ sin &C. the formation Oi the trust, May 10
| 1857, 1913, 2p6 In dividends had been paid
/ Sin, e January, lSsS, the monthly dividend
has been onc.hali Of ] per cent. Out o
| the 5i,OOO,OO gallons annually produced
| In this country. 100000 b. produced by
houses in the trust The year before the
/ trust was formed the average price 81
/ spirits was sl.l3 per proof gallon, Will
/ corn at - cents per bushel, and for th,
/ hfSt year since the trust the average pfic'
| has been Sl.O6. with corn selling at 4.
cents per bushcl. The formation OF N,
/ trust had prevented strikes among Goa
miner, aud coopcrs located near Peoria
and submitted testimonials that the triis
hal resulted IN steady, uniform and iail
wages 10 the men.
William \. Hobart, Of Cincinnati, treas
urcr Of the trust, concuucd In the state
| mcnt that IL was practicable and sale I,
make alcohol used Ia the arts free.
| Adjourned.
This closes the whisky trust inycsiiga