New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-22
A WHISKEY POOL FORMED.
DIsTuLERs ~ AN IRONCLAD AssoClA-
TION.
rpr.sr ,xn ANTITRUST CONCERNS LIE DOWN
TOGETHER UNI Err THE PROTECTION OF
rup UNITED STATES COURTS.


TOGETHER UNrER THE PROTECTION Or
THE UNITED STATES COURTS.
Chicago. Feb 2l-The ds,lllers OF the United
States who have been I'm session for t"o days TO-
dav formed an ronclad association. which includes
,.ysrv disttlerv in the country OF any Importance
except the Indiana Dstilling company, ana that IS
expected to come in by next Monday. II was 'e-
cided az a starter raise the price OF spirits al
Peoria to 81 a. an advance OF two cents a e"I'oh.
The purpose OF the new orsanizatloh' as S'''eu
by General McNulta. is TO regulate the output anu
prevent ovcrproducton. Incidentally the price
had TO be raised to keep it at the cost of produc-
,iou The Executive Committee, consisting OF
General McNulta as chairman. and +. ~ Bensi-
herg St Louis: +. ". Wilson, Pekn. III; H. T.
Herbert Pekin: Angelo Myers, Philadelphia sam
ucl Wollner jr Peoria, and y. NJ RICE OF Now
York decided brsing price OF 81 y sa'ioh a'
cincinnati. St Louis and Chicago. This does not
mean that the price will be raised 10 'hat nsu'c'
II IS for basng purposes only
The Arbitration Committee, which has all 'he
no,vers OF a court and from whose decision there
IS no appeal. consists OF Martin X COOK New
York chairman. Joseph +. Sinott, fhlladeiphia'
John J. Mitchell. Chicago Nicholas J. "alsh Cm-
clnnati: w II. Lees. St Louis D. l. Miiis' bos'
ton. and Joseph May. San Francisco. The re-
co,,.ers o,ered TO nut up cash guarantee that
they would abide by their part OF the cohtract on
good faith but the antitrust distilIers decided
that this would lot be necessary -,
The meeting called a. tie request OF tI' the
Whiskey Trust receivers. W men pyhetal ~
%nit, the nrinclpal receiver. was asked II ne dld
not consider II rather unusual FOR a pool OF me
kind formed to be entered into under tne pTolec,,
,ton ~ IN. United States courts. he smiled ana
said il seemed little anomalous AT nrst uhouSt,',
but that there was no intention to corner the
do so had been entered into by all present. rms
action was necessary, ne SaiI' We had 10 90 IL
In order TO protect lhr W "'SNe! ii"S' p'op'i"'
There no Other way
receivers McNulta Mitchell and Lawrence
This morning submitted 20 Judge Grosschp
an inventory Of the financial condition OF
the Whskey Trust they found II up to January
- The report is very favorable to the company.
According to IT, the condition of the Trust was
much exaggerated by the petitions for receiver
shin Several assets which not included In the
,ipal pstition are forth and the liabilities are
uot nearly - large there represented The prop
critics including real estate and plants. are valued
AZ s;S S0l3si S6. \ note states that the original
construcc account has been charged with S'iSsio
nar value of stock. At the same time TINS stock
was credited the books as treasury stock proht
account" at S.j742so which was the amount
realized from the sale OF the stock in question.
The money was used in purchasing the Shufeldt
and Calumet properties in Chicago which properties
were charged on the books at $.7li.763. thus max
ing a double charge to the amount Of N.5i2S
The quick assets are estimated at s,65soie' OF
which the sum Of s62 73o is casn in hand. This 10y
no means however. represents the true amount o'
cash at the disposal of the Trust. as IL docs To-
include the individual accounts or the various We, W.
til,erles which belong to the Trust The contlsent
and assets amount to g. O6s The current abiil-
tic, are $i5 800. and the balance SURPLUS ,h 81
aoOss The report states state bcnn sn deposited with the
Central Trust Company. of New, lorN n' he anal
payment Of which the bonds are TO be canseea nee ra
No payments s are key 10 probab,e that none will
ever he asked.