The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-18

! the Charges of Misnanagement and
Fraud Against Him.
| Peoria. Ill, April 17.-Whisky Trust
people from ali parts of the country
crowded the hotels today in attendance
upon the annual stockholders meeting
OF the Distllling and Cattle Feeding
/ company. Nothing was done at the
I first session except to elect chairman
and adjourn until 2 p. m.
Th report Of President Greenhut was
referred TO the board Of directors.
Immediately afterward Levy Mayer
moved that Greenhut be requested to
resign from the board OF directors.
! Myers motion was carried but Green
hut positively refused. Mr.. Nyer was
on his feet in an instant with a set OF
hot resolutions for removing Green
hut peremptorily and referring the var
ious charges already made against that
official. The eX-president lost his tenn
per. You're too smart" he shouted
to Myer; you're just about reaching
the end of your rope; 10 removal you
make will be legal The resolutions
were. however. adopted with only
Greenhut dissenting and the latter's
attorney filed notice of protest, alleg-
ing the action to be illegal.
ELECTION OF DIRECTORS.
The election of directors followed.
their term OF Office being reduced from
three years TO one year. Thre was no
fight over the election, slate having
been prepared in advance and Green
hut's attorney simply gave notice that
the election of seven men was illegu as
the ex-president had not yet resigned.
Several resolutions Were adopted APP
proving OF the reorganization commit
tees action in seeking TO recover trust
property alleged to be Illegally held
by Greenhut and giving the new board
full power to take necessary action re-
gartiing the $1.000.000 of contested
bonds The directors were also en-
powered to bring suit against n:i-er
ex-office holders of the trust TO recover
any moneys or property that may APP
pear TO be due the corporation.
Just previous to adjournment an at
torney appeared and served the papers
in the $4,000 libel suits begun ty
Greenhut against McNulta. Myer and
others In an interview at the Gloss of
tie meeteing Greenhut declared the en-
tire action OF the day was Illegal
They have elected a man to fill my
position which is not vacant and con-
sequently can take no action that Will
hold
He said he would fight them TO the
last minute" They won't find the thing
so easy as they think. There are
Wall street meeting today and the
whole thing is a stock jobbing scheme
BONDS OF THE TRUST.
Among the resolutions passed by the
stockholders was one which provides
for radical measures in the handling OF
tbs. trusts bonds. The resolutions gave
the new board of directors power to
take steps 10 practically annul the ST.
900. 900 issue OF bonds which Greenhit
is charged with having sold TO himself
and his associates at 50 CENTS on the
dollar. At the time of the issue in queS
ton the Greenhut management author
lied $4,000, 900 in bonds and deposited
$500. goo TO redeem rebate vouchers,
but issued only s1.0o0,e0o, which. It ia
claimed, they now control. Today'S
resolution provided for the Issuance OF
of the $500, 900. which throws Green
hut into the minority as a bondholder,
even though he still holds the 600
first issue.
The board of directors elected today
is composed Of Samuel NJ. Rice, T. IL.
Wentworth and Walter NJ. Schiftel,
New York; j. II. Hutton. CINCINNATI;
Villain ]. Meyer, John N. Mott and
Floyd T.. Jennison, Chicago. As there
was no quorum of directors present the
cago in the near future when Samuel
n. Rice Will very probably be chosen 10
succeed Joseph Is. Greenhut as presI-
dent.
The libel suits begun today by Green
hut number eleven, and $4,000 danlsFes
is claimed in each case. GreenhHt per
Sonally superin the serving or
the papers Immediately after the adj
iournment of the meeting The suits
are against the members Of the reor-
ganization committee. Messrs. j. Is.
IIartshorne, John !. Waterbury. + W
Lockwood, Jules Rache. w. T. Hut
ton and Anthony Levy Myer OF Chica-
go; Attorney Nathan Blur, New YORK;
Receiver John McNuta and three other
experts who have been examining the
trusts books.
Upon what foundation does the ST.
periority OF DR.. Prices Baking Pow
der rest? The granite blocks or ac-
purity and conceded SUI
preme lsavening force.