The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-02-05
THE WRECK SULLIVAN LEFT
A New Yorker Stops to Inquire Into the
Condition of the Warehouse Receipts.
n the Clerks Office Affairs Pass to the Control
4 the New Management-The Books to
Be Examined at Once by Experts.

1t was expected. yesterday. that some of
John F.. Sullivan's New York creditors
would be here TO investigate the exact nat
ure of the warehouse receipts they hold.
Twenty-Five of the forged receipts are
known to be out, but what they
represent is not given out, ex-
cept that they are for large amounts.
Mr.. Sinner, who is supposed to be prin-
cipal looser. did not come, but assignee
Lauer, and Phil Gapen, who is still about
the poultry establishment, were visited by
Abe Kassell, the representative of the New
York house of j. A. Kassell d Son, whose
interests in this respect are next in impor-
tanee to those of Sinner. Kassell came in
at noon and left carly in the morning.
The Kassell firm holds forged warehouse
receipts on 100 cases of dressed poultry.
When asked last night If K. b. Sinner
& Co. would soon be represented here. Mr..
Gapen said to a Journal reporter, Il can
hardly tell when they will reach here. Mr..
Budd has been for some days constantly
writing and t~elegraphing TO them regard
ing the matter, some days sending as many
as five or six messages a day."
lis there any immediate prospect OF the
sale of the plants being effecteds" Gapin
was asked.
Il think so. There are three Eastern
Ifub urfO uOW bdAhiuB vi hCkOtldhIuS ohC
purchase, and L see no reason why the deal
should not be very soon perfected; though
L cannot say exactly"
Twill the parties take both plants?"
One of the firms want both the Terre
Haute and indianapolis plants. and / think
that is the way 1t will be sold"
Are any firms negotiating for 1t outside
of X. b. Sinner d. Co., and j. Kasseu &
Sons-
"Yes:- but / prefer not to give their
names.D
You must have had abundant %opportun-
tiles for forming an opinion in looking over
the books. What isyour candid tin OF
Sullivan as a business mang"
well, while Sullivan was asn energetic
man and well understood details, his record
in the books reveals that he was an exceed
ingly ~extravagant maj In tIls business
methods. That is. he made altogether unrea-
sonably expensive improvements; he kept
high-priced help, and went 1T On a big
scale generally. no matter: what the
condition of his business. at any par
was that he must keep fine horses. He had
as many as twenty-eight, 1 believe, many
of them being quite expensive. That is a
fair specimen of the way he did things. He
had tremendous ideas of building up q
great business. and made everything bend
to that, no matter. i do not agree with
people who say that Sullivan could not
count cost; but / think he often would not
count cost On, SO H great aiav was of f, n,-o amDlalaP TO
VldnLh Jul lLIo NAO"o VI bLOhC1
from The poultry business were well
founded, for there is an enormous percent
age of profit in it if managed with ability
and economy
"Have you the slightest idea where Sulli-
van is or may bet"
mo, sir, l do not know anything more
about il this minute than you do. / did
not even know the night he left that he was
going then, though / knew it might be
soon. 1t would be mere speculation for me
to suggest where he might be-"
"a report is abroad that Sullivan was
furnished the money for his last canvass
for the clership by. II. b. Sinner & CO.,
who hoped, it is said, to thus place him
where he could indemnify them for some
debts then of long standing"
"Of course / can say / know nothing
about that, as it was beforeI was associated
with Sullivan In his business. Sue rumOrs
are common enough, and it may have no
foundation
Il 1t is understood that Sinner holds forged
receipts on COO tub of butter, and when
this was put TO GFpen he replied, is that
| sofp without entering into any denial or
affirmation of the statement.