St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-17
NOW THE WORM TURNS.
Liquor Dealers Seek to Down the
Liquor Trust.

New YORK, June 16.-The wholesale
liquor dealers of New York and vicinity
are moving against the Distillery ana
Cattle Feeding company, better known
as the whisky trust. They are
determined to down it if possible.
To-day meeting was held in this city
to perfect preliminary plans to fight the
trust. About forty wholesalers came
together in response to the call sent out
by the committee, which consisted OF
John Keresey, D. M. Koehler and w. A,
Tyler. FrOm.out of town those present
included Ula and Myers, OF
Philadelphia; J. Kohler. of Newark; nj.
Bird, of Chicago, and James Walsh. of
Cincinnati. The objection of the whole
sale men is directed against the certifi-
Gates issued by the trust. When the
trust secured control of all the distil-
lerieS they advanced prices seven cents
a gallon all round, but issued
rebate certificate of five cents
gallon, payable six months from
date of issue, provided that the party to
whom such certificate was issued used
exclusively goods of trust. The certifi-
Gates were non-transferable and could
only be realized upon by sending
them for collection upon maturity
to the German-American bank at
Peoria, Ill. In sending his certifi-
cate the wholesaler had to sign an
affidavit printed on the back of each
certificate that he had not purchased
any goods during the six months from
any party but the trust. By this scheme
the trust held about million and half
OF money belonging to the wholesale
men, upon which they do not pay cent
of interest. This is what the whole
salers object to. MIR. LOucheim called
the meeting to order. He said dealers
were being
Taxed Beyond Endurance
By the trust, and an exchange of views
was to be had as to what steps were
necessary to meet these impositiOns.
Peter McQuade moved that commit
tee of twenty-five of the leading whole
salers be appointed to confer with the
trust and see if the per cent rebate
will be withdrawn. Mr.. Meyer, of Phil
adelphia, said that it would be use
less to confer with the trust, as they
would not reScind the rebate. Mr.. Nc
Quade said if that was SO, then the best
thing to do was to build diStillery
that would supply New York dealers,
and one in Philadelphia for the same
purpose there. This move might bring
the trust to its senses. Mr.. KereZey's plan
was to have committee appointed
to whose custody all trust certificates
received by wholesalers may be turned
over. These certificates could be held
as a menace to the trust. In short
time the amount would be large enough
to build diStillery with. Mr.. Meyers
s,id PfiIadalDhia dealers had all
ready organized. They were ready
to Join hands with their New York
brethren In any fight against the trust.
Mr.. Schlesinger favored a conference
with the trust. Mr.. Kerezey moved to
amend McQuade's motion so that ten
members instead of twenty-five be
appointed to confer and report
what they considered would be
for the best interests of the
trade. Mr.. Kerezey said that the
supposed value of the whisky trusts
plant was S35,000.000, but its actual
value was not over S3,000,000. He
thought the members could raise money
enough to equal this sum, and they
could stand little loss at first. If the
committee reported favorably on
a distiIlery each member was to
subscribe to the amount of $1,000.
Mr.. HOyt explained that the weekly
consumption of high proof spirits in
New York was 1900 barrels. The mo-
ton as amended was passed, and the
committee appointed by the chair was
as follows: Peter McQuade, Martin r.
Cook, Edward w. Ashley, John Kere-
zey, w. A. Tyler, Robert A. Greacen,
Angelo Meyers, Max ID. Stern, Charles
II. Mayer and Louis Steinhardt.