The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-19
MILLIONS AT STAKE
ANOTHER STEP IN THE INTERMINA-
BILE WHISKY TRUST LITIGATION.
Receiver McNulta Changes His Tao
tics and Asks for Sale of the Prop
erty-AttOrneys Have a Tilt.

CHICAGO, June 1S.-In Judge Showalter's
court to-day the reorganization commit
tee of the Distilling and Cattle Feeding
Company took the first steps toward re-
creating and rebuilding the Whisky Trust.
which the Supreme Court of Illinois last
week deprived of charter rights Pursuant
to determination to hasten the judicial
sale of the trusts property the reorganiza-
ton committee summoned to it's relief an
officer of the United States Court, Receiver
McNulta. This official. through his attor-
ney. j. j. Herrick, presented a petition re-
hearsing his appointment to office and the
reasons why he considered the sale not
alone judicious but necessary. In this petit
ton Receiver McNulta made admissions
contrary to his previous statements con-
corning the estate. He said he is meeting
with exceedingly sharp competition in the
conduct of the business; that he believed
the distilleries should be closed from July
i to Oct 1; that the cattle feeding con-
tracts could not be renewed by him to good
profit; that enormous expense for rentals.
insurance and service would be incurred in
that time and that the properties would be
injured during the period named.
There were present ex-Judge Moran, for
the reorganization committee; John p. Will
son, Edwin Walker. Otto Gresham, Noble
B. Judah. Mr.. Paxton, of Cincinnati; John
J. Herrick and John McNulta. For the Cen
trail Trust Company, Edwin Walker dis
missed his bill for foreclosure of the trust
property. This removed the original bill.
amendments, demurrers. ETC., from the case.
Mr.. Walker though, filed another bill pray
ing the appointment of receiver which
has the same purpose. 1t was filed in behalf
of Charles Lindsey, owner or one hundred
shares of stock.
Of ho
way the petition of the receiver was read.
To this attorney judah made vigorous OBJ
manded that the receiver make a detailed
exhibit of the assets in his possession. Mr..
Walker made a similar protest. These tao
ties annoyed the reorganization interests,
and one of the attorneys, with a spectacular
wave of his arm. said to Mr.. Judah:
1--WE don't care to be bothered by such
Mr.. judah retorted: 'well, the mosquitoes
are very much present and you may be
through"
The answer to the petition for the judicial
sale made by Mr. Greenhut was then taken
up. Before considering it in detail counsel
for the reorganization committee gave the
history of the litigation in which the trust
has been involved since the receivership
The point was made that j. B. Greenhut, In
his first bill for receiver, asked for the
sale to which he is now Directing. The Tn
cussed and the reorganization committee
stated that it desired that the property
should Drlng the larSest price possIoie.
ing the Union and two other distilleries
leased to the trust. made a statement Of
his case to the court, and told how his prop
critics had been dismantled and practically
DESTROYED. He asserted, though, that he
earnestly desired judicial sale and wished
to place no obstacles in the way OF such a
plan.
Continuing, the organization counsel said:
This answer to the petition for judicial
sale is made by a man who was removed
from the receivership because he admitted
to this court that he had sold 10000 shares
of the company's stock short when he was
conniying and preparing the scheme for
wrecking the estate. He is to-day short Of
stock and this fight is a bear move 1t is
a stock iobbing scheme, pure and simple,
and has been such from the beginning"
The connections and benefits of the sale
were discussed at length. 1t is thought that
the decision will be reached before the last
g ha