The times. [volume] (Richmond, Va.) 1890-1903, 1895-04-17
WHISKY TRUST FRAUDS.
THE BALANCE SEEET SHOWS TIA T
ti,lss.sss rs Uyscc0UNTED For.
The Biggest Of the Many sensatiens Fur
nishea by the Grssnhst Misruis- hs
Deposits In ChIesgo Bspks.

CHICAGO. April ls.-Of the many SEN
cations furnished b. the Whisky Trust
since Joseph p. Greenhut first had him
self appointed receiver and vas oust-d
By the stockholders. none approaches in
magnitude that furnished by ne Ming
with Judge Showaiter In the United
States Circuit Court this afternoon of the
balance sheet Of the company as IL ap-
peared March q. aSs3. Practically the
whole period Of the alleged iniquitous
reign Of the Greenhut faction is covered
b. the figures given therein. which are
startling even 10 those who had been
told in advance that disclosures Of an
unusual nature were 10 be made. The
sum OF Sl.lS,fis is totally uLaccounted
FOR. TO say nothing of the other items
which appear al right al first glance and
which are onset by figures on the books.
THE EEEaULAE ITKNs.
The first irregular item occurs IN the
purchase OF the Shufel1t and Calumet
distillerles The net cost Of these dis-
jIleries after charging inventory 10 caoi-
tai in Operating plants. Is put down at
sl.634Z7s. Am1unt derived from sale OF
349sa shares Of Treasury stock these are
the shares which the company sold itselD
Is 10 De deducted, leaving IN round num-
bers $1,000. a note BY the experts ~
regard to this purchase charges that Szf4,-
ff3 are uuaccOuntcd for on the books.
Another note in the same connection is
as follows:
ITO meet cash payments required b.
contracts for purchase OF Calumet dis
tillery, the following two deposits were
made in Chicago.
Deposit OF $1,000 in First National
Bank. Chicago. and deposit OF $4,000 In
Chicago National Bank. No voucher or
check showing 10 Nhom paid"
IN the opinion 0f those who are in a
position 10 know. while no open charge
san be made on this last information 81
shows a method Of bookkeeping. If moth
ing more. that Is. 20 say tho icast eX-
ceedingly irregular.
OTHER PURCHASES.
Coming 10 the purchase OF the Star.
Crescent Central and Nebraska dislil-
leries. the report of the experts sys:
We find no voucher or other evidence
OF the expenditure q six drafts on J. B.
Greenhlr. issued between November
18th and 90th. 1872. AID paid through the
German-American National Bank. or
Peoria. supposed 20 be drawn for cash
payments, account Of these distiIieries."
Five matured notes Of sam FL Woolner
IN favor Of the Star and Crescent and
the Central and Nebraska distilleris g. all
paid by exchange through the German
American National Bank. amounting 10
siss.0o0 and s9co00. was paid 10 Samuel
Wooiner. fof which there IS no voucher
and 10 which the experts have affixed
the note, explanation required"
The total deductions from the cost OF
the purchase OF these distiiicriss are put
down at $500. which IS the second dis
crepancy shown in the report.
The third discrepancy comes under the
head OF Items 10 be accounted for" The
sum cf these is f5ia.lss.
These items OF this sum appear as pay
ments to Greenhut or Woolner. or pay
ments 20 others on Grecnhuf's check.
This money Is put down as loss charged
against investment accounts in the re-
port Of the experts. and a note states
the amount was written of after the
books were closed for the fiscal year Of
lks1. and that 10 details or Information
was siyen.
SERIOUS INsINUATIOy.
The following remarkable note closes
the balance sheet.
THE company books are under the
charge or The treasurer. who is also one
Of the directors. They contain figures
only, which have been entered by the
80 NNNFN'f NitAoAl any ihlvthidtOn a.
10 their meaning. except what the treas
urer chose 10 give him, or what he may
nave inferred from the circumstances.
The treasurer understood the books. but
no one else. except, possibly, the di-
rectors, hence u has been and Is an i'm
possibility 10 properly audit the expendi-
tures, which run into millions. from
the books in their present condition.
Some idea OF the total lack OF informa-
tiOn In the books is given BY the notes
In this report"
Levi Mayer and s. D. Rice. OF the
reorganization committee, left this after
noon 10 attend the annual meeting OF
the Trust there tomorrow.