The times. [volume] (Richmond, Va.) 1890-1903, 1895-04-18
GREENHUT DIED HARD.
REFUSED TO RESIGN THE PRESI-
DENCY AND WAS OUSTED.
Defend. His Action as the Head OF the
whisky Trust aud Dsh's HIS hecus-
ers-Called Mayer Liar


and called the meeting 10 ORDER upo"
motion Of Levy Mayer, Richard l. ii"'"-
horne was made chairman OF inc mcc'-
ing. and VI. NJ. Luther. OF Chicago sec
retary. Groonhut wanted TO put IN Hug
Gins as secretary. bat this was not done.
The meeting was called to order at noon
but as soon as tellers were appointed an
odiournment was taken until O'Clock
- ascertain ius, how much stock is rep
resented. Members OF both factions
watched the counting.
o oHxrSHU1's FRIENDS DrszRT.
At2 o'clock. the stockholders again as
..-ohicd President Grccnhut was again
on hand. accompanied by ms son. NOT
a one OF his old supporters was present.
T,ven Directors Beggs and Honnossey were
not on hand. They were sun oihcsIS
81 the Trust but had apparently de-
serted. The report OF the tellers showed
that 5000 shares OF stock were repre-
sentcd
read. ane Levy Mayer moved that they
be not approved. Tho motion was car
ricd. only the two Grecnhuts voting
against H. representing some h'vo
shares.
The designations OF John Beggs. as vice
prceidcnt and director, J. ". Freiburg
william n Hobart. and l.. II. Green as
GEEKSHur DEFENDS HIMsrfF.
Mr. Greonhut then stated that these
gentlemen had resigned al the request
that he (GreoshuO remain as a director
40 protcct their interests. President
c,reenhut. continuing, said that he pre-
ferred to send his report to the stock
holders direct as so many were reported
nv proxies. Levy Mayer insisted on the
report being read. and Mr. Greenhut COM
piled.
The President then said that he had
served the trust for eight years TO the
best Of his ability, that all the accusa-
tions made against him were mailcious
and untrue. that the errors when may
nave been made were made against his
Judgment and under his protest lie had
not controlled the company, as claimed.
but tho directors Mad done all that had
been done: he. as president had no apoi-
oeies TO make. and would soon brand the
malicious lies and ISLANDERS promulgated
against him.
RrFUsKD TO REsI0S As BuMoRED.
Mr.. Greenhut said the receiver had
found the books OF the company in
straight honest condition; that this dld
not suit the reorganization committee
aud that experts were employed with IN
structions to find Irregularities and to
furnish sensations for the newspapers.
Afr Grcenhut said nc could refute every
srrccuiarity. lie spoke in bitter terms OF
the breaking open of his safe ana sara
hc would prosecute the Offenders 10 the
FULLEST extent OF tho law lie then pre-
scented figures TO show the poor flnaIcial
condition OF tho company, saying that
the statement that McNulta Is running
things smoothly il untrue and absurd;
that "a grcouhorn could not possibly 90
what experienced men found impossible.
Grecnhut was asked to resign but de-
clined to 90 so. lie was thereupon re-
moved Grcenhut called Mayer liar and
said he had got TO the end of his rope
IL was upon the motion of Levy MAYER
that Grecnhut was asked TO resign. This
he declined TO do and upon motion 10
remove him had his attorney state to tie
stockhoiders that IL was not IN their
mower TO do so. Notwithstanding vote
was taken and he was removed under
protest lie Will carry the matter into The
courts
A. NJ RICE TO SUCCEED GREENHUT
The following directors were then
elected. :. NJ. NICE, New York; j. NJ
Hutton, Cincinnati. II. ID. Wentworth
New York. W. j. Meyer. Chicago; VIII
liam scheftei. New York, j. NJ. Mott
Chicago. Floyd u. Jennisoa. New York.
u was entered OF record that Mr.
Schcftel was elected 10 succeed Greenhut
so az 10 simplify The litigation TO follow.
s. N. Rice. OF New York. is slated as
Grcenhuts successor
Mr. Grcenhut did not want 10 read his
report 20 his enemies, bat upon their in
sisting he read his final report Every
motion offered by Levy Mayer was voted
for by everybody except Greenhut AT
the time Nh. Mayer was Offering the reso-
lution for the removal OF Greenhut, the
latter told Mr. Mayer that he was a liar
and had run 10 the end of his rope, but
little attention was paid TO this. Mr.
Greenhut We removed on the charge
that hc was false 20 his trust, and an
enemy TO the company OF which he was
president
suED roR sLANDRR.
Air. Mayer had hardly concluded his
remarks when constable entered and
{ served him summons in suit for
/ &i0OD1 FOR slandcr, brought by Greenhut.
Notices were also served ON the fve
/ mem Jers OF the reorganization commit
I tee. Receiver McNulta. and Attorney lii-
Jour in suits FOR a similar amount, all
returnable IN Peoria. on the first Mon
day Ina May. When The gentlemen sum
moned were spoken TO Ina regard To the
suits. they laughed and Joked about them.
saying that the action was too ridiculous
and childish TO deserve further COM
mcnt.
The last act OF the stockholders was
TO rescind the action OF the last meeting
in ordering the non-negotiating of
OF bonds. before provided Tor
and the new directors are now authorized
10 noat them. The bonds TO be put on
the market amount TO over 100000
The meeting then adjourned to May &,
1886.
'coNTAB or wALL-sTREET JoBBERs.'
Mr. Groenhut still talks with assurance.
After the meeting he said:
'.rhey seemed to have their own way
this afternoon. but mark my words, the
tables will bc yet turned l have no
doubt OF being eNcnerated. and l know
1 cannot be legally removed.
''The meeting this afternoon was only
a confab OF Wall-strcct jobbers, and as
my removal was Illegal. 40 acts OF the
new board will amount 10 anything, with
SchcftOl casting an Illegal vote"
The new directors viii meet I'm Chicago
al an early day TO elect officers.