The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-27
NEW WHISKY TRUST
AN EASTERN CONCERN WITH 3d.
100000 PAID-UP CAPITAL.
1t VIII Make Spirits Out of MOlasses
itOr to the Greenhut Company.

NEW YORK, Oct. 26.-Papers were filed
in the Secretary of States Office at Tren-
ton n. j., to-day which indicated the for
nation of a new whisky trust The papers
comprise the articles of Incorporation of a
concern to be known as the Great White
Spirit Company, with paid-up capital of
S5,OO0,000, the total authorized capital being
limited by the charter to s50,00O,O00 The
principal office and place Of business of
the company outside of the State of New
Jersey will be Boston. Mass, but it will
carry on business in various other States
and Territories of the United States.
The objects for which the company is
formed are stated In the articles of incorpo-
ration to be: ITO make, buy, sell and deal
in spirits and liquors OF all kinds and sorts.
and to buy, sell and deal in any and all ma
terial fl iom which spirits of any kind may
be made, and all material neces-
ssry and incidental TO the busi-
ness of distilling, and in general to carry on
the business of distillers in all its branches,
and any business incidental thereto; to pur-
chase refine, SELL deal in, manufacture,
molasses and sugars of all kinds and all
products OF the sugar cane, including the
acquisition by purchase, by manufacture or
otherwise Of all materials, supplies, ma
chinery and other articles necessary or con-
venient for in connection with and in
carrying on the business herein described
The company is also authorized TO purchase
the good will, franchises stocks, bonds,
patents, etc., OF any other firm, person,
corporation, in any State and especially TO
buy, hire charter steamships and other
vessels and TO emploTx the same in the con-
veyance of merchandise and passengers be-
tween such ports and places in the world
as may seem expedient.
The S5,GO0,0O0 capital stock. of the COM
pany is divided into $4,000 shares. OF that
stock, oQ,000 is divided into 5000 shares,
and is to be first preferred stock. known as
guaranteed" stock, and 100000 is to be
divided into 10000 shares, which shall be
second preferred stock and be called pre-
ferred" stock, and the balance is to be di-
vided into 25.000 shares, and TO be called
general or common stock. The guar
anteed and the preferred stocks are to
after Jan. l, 1895. Provision is made for
retiring the guaranteed stock at 110. The
company is to commence business on the
29th inst.
The organizers and incorporators of the
company are Robert III. Dillingham;, of East
Orange, n. j., and David NJ. Ripley and
Edward G. Maturin. of this city. One of
the gentlemen interested in the organiza-
tion OF the company said to-day that il rep
resented a combination of the New Eng
land distillers with certain New York men
who had retired from the present Whisky
the patents for a new process for making
spirits out of molasses, and 1t would have
distilleres in which spirits would be made
from corn and molasses alongside of each
departure in making whisky, he said the
company had acquired large sugar proper
ties in the West Indies, and it was for that
purpose the company was authorized to buy
steamships. Two such vessels, he said, had
already been bought.