The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-05
THE WHEN
GREENHUT REMOVED
HIS APPOINTMENT AS RECEIVER OF
THE WHISKY TRUST REVOKED.
Lawrence Retained, and NcyuIt, ,nd
Campbell Named in Addition
Judge GrOsscup's Decision

CHICAGO, Feb. 4.--Judge Grosscup TODAY
ousted j. b. Greenhut from the receivership
OF the whisky Trust He allowed Receiver
Lawrence to remain in Office as repre-
sentative OF the directors and appointed
Gen. John McNulta as receiver in chief.
John j. Mitchell was appointed another
receiver to represent the New York stock
holders.
Judge Grosscup's decision was lengthy
and somewhat sensational After an ex-
naustlve review of the case he declared
that the court had been imposed on In the
selection of President Greenhut as one of
the receivers. A receivers duty, he said.
should be the enhancing of the value of the
property which he is to control. Adm;s-
sions in court had shown that Mr.. Greenhut
was heavily short on, the stock, and that
accordingly, his personal interest would
dictate the depreciation of the stock rather
than the enhancing of its value. BY adj
missions OF counsel, the court said, it was
SHOWN that the property interest in the
origlnal application for a receiver for the
company was very small 1t was also
rectors had any substantial interest in the
company The evidence showed Judge
stock WAS saln hea In bnaS 1 vast portion Of the
Tor speculative purposes. He could not ex-
actiy approve OF calling in United States
as II was evident that a referee was needed
and as he had been appealed to he would
act ac., he again denounced the selection of
PRESIDENT Greenhut as receiver an imposi-
tion on the court. and closed with the curt
Statement that for these and other suffi-
clehr bs reasons ar; Greenhut is removed from
Both sides In the trust controversy were
Iuliy represented in court and the court
was crowded with spectators. The pro-
tective faction expressed itself as we'll
pleased with ,r Judge Grosscup's selection of
q rarnrn c.1ta ftx-~c
Greenhut faction refused to say what fur
ther action they would take.
After the decision was announced attorney
Mack. representing the officers of the trust.
renewed his attempt to have the names of
Heinsheimer and Wormser, of New York.
removed from the list of complainants in
the original receivership proceedings He
SAID the names We're added the day after
the appointment of the receivers and with
out authority. The motion was contested
ana a,le 4, Judge Grosscup reserved his decision
In an interview, Levi Mayer. one of rho
attorneys for the stockholders committee.
SAID: The stockholders will now proceed
company, and when that is perfected they
VIII, OF course, be in position to take the
property out of the hands of the receivers.
IN tne meanwhile, 1t will become necessary
10 nave a thorough investigation of the
poo BOOKS OF the company and to ascertain
g4.iw g4ss now the insiders, particularly Messrs
Morris and Greenhut. have conducted its
Receivers McNuIta Lawrence and Mitch
ell met Judge Grosscup by appointment ar
the noon adjournment of court and took
iuncheon with him at the Union League
Club. where for two hours the afrairs of
the trust were informally discussed and an
agreement as to the conduct Of affairs
made The conference was of course
purely informal said Judge Grosscun'
and could not detail all that took place
OF Or was as agreed upon | can say. however,
cipieS and in business way. It's affairs
VIII be taken UP by the receivers where
had happened. There is falling due to-mors
row the sl,Ooo,o0o of bonds issued last sum
mer. They, in fact, fall due on the 18th of
each month They will be renewed The
rebate vouchers will be paid as they fall
que, IL the receivers can see their way
the conduct Of the business is not so din,
cult as ordinarily falls to the lot Of re-