The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-02
MAY FIGHT THE TRUST
DISTRIBUTORS AND THE WHISKY
OCTOPUS NOT IN HARMONY.
Wholesale Dealers and Receivers
Hold n Conference at Cincinnati
NO Agreement Reached.

CINCINNATI, March 1.-Receivers John
McNulta and E. f. Lawrence, of the
Whisky Trust, arrived from Chicago this
morning and were sworn in by Judge Taft
as receivers for this district Afterward
they met the wholesale whisky dealers in
conference. Mr. w. N. Hobart, of this
city, was chosen chairman and c. Fl. Maier.
of Terre Haute, secretary of the meeting.
The opinions on reorganization, especially
the proposed assessment of ST. per share,
were heard. This assessment would raise
81, 400 900, an amount sufficient to retire the
$l,000,00O worth of bonds held by Nelson
Morris and others, the balance to be used
to cover the expenses and then the COM
pany to reorganize under the some condi-
tions that governed the trust before it
went into the hands of a receiver. There
was long consultation, in which the
condition and capacities of the various dis
tilleries in this district were explained and
the general conditions of the market were
discussed. The local distributors wanted
the receivers to come to some kind of un-
derstanding as to the price of whisky, but
no conclusion was reached, although the
views of all the distributors upon that
question were listened to.
Rulings that the receivers have made
were strongly objected TO by the distrih-
tors and they took occasion to enter for
NAL protest. In defense the receivers
showed that the loss had been S105,000 in
January and $lUo,UUU In fSDTudTy, anu SOIIle-
thing must be done to increase the receipts.
1t was held that the advance of the price
would produce part of the funds needed,
and the ruling to sell direct to the trade at
81 2S would produce the rest. 1t was on this
question of selling direct at one cent adj
vance instead of selling to the distributors
at $127 that the most feeling was shown.
If this is carried out the distributors said
they would not only go to distillers outside
OF the trust for their goods, but would
themselves make rulings that Will prevent
the receivers from reaching the trade di-
rect This was the most important ques-
tion considered, and the distributors are
intensely in earnest over it. The receivers
reserved their decision.
Some distributors expect a general bolt
from the trust in this district, but most of
them say the receivers will make terms.
On the question of rebates the receivers
cited the orders of the courts, showing that
the courts had ordered payment and that
they would be guided by sucn orders. To-
morrow McNuita and Lawrence will confer
with j. G.. Schmidlapp formerly receiver
for this district, and they will have all the
affairs in SchmidNapp's hands officially
turned over to them. after which the re-
ceivers return to Chicago. The distributors
will not meet the receivers again in body.
bat their committee is staying with them.
and especially on the proposition to sell
direct to the trade at $l.2S, while the dis
tributors have been buying for S.27 and
selling for A.S2. In the. evert of the re-
ceivers offering goods to the trade In any
quantity for S1.2S it is generally believed
will ha