New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-23
THE NEW JVHISKEY TRUST.
A COMPANY FORMED IN THIS STATE TO
TAKE THE BUSINESS.
THE SALE OF THE TRUSTS PROPERTY con-
FIRMED-THE NEW CONCERN CALLED
THE AMERICAN SPIRITS MANU-
[BY TELEGRAPH TO THE TRIBuNE.I
FEATURING COMPANY.

FIRMED-THE NEW CONCERN CALLED
THE AMERICAN SPIRITS MANU-
FEATURING COMPANY.
Albany, Aug. 22-The American Spirits Manu-
featuring Company was incorporated to-day to
carry on a general business of dstilng spirits,
including the distilling re-dstl.ng and rectify-
ing of high wines alcohol spirits. gins and whis-
kies of all kinds with its principal business Of
flee in New-York The capita Is S35OOO0OO. or
which 81 900 600 shall be preferred stock entitled
to a dividend of not exceeding per cent i'll any
one year. which dividend shall be non-cumulative
and payable out of the net earnings before any
dividend is paid upon the common stock Thc
capital stock is divided into 500 shares. and the
company will begin business with capital OF
100000.
The directors are j. NJ Rice Richard r. Harts-
horne. Jules 5. Bache. T. H. Wentworth, +. NJ
Lockwood. Henry 5. Carney. Nathan Blur OF
New-York City; William Il. Hutton, of Cincin-
natl; Clarence Buckingham. Of "the Rookery,
Chicago; Edward s. Easton and Walter Barker
Of Peoria. H.. each of whom subscribe FOR hVe
shares of stock. Richard b. Hartshorne, John j.
Waterbury. Frederick NJ Lockwood Jules >
Bache and William f. Hutton subscribe for 9i5
shares as a committee. acting under certain
agreement of reorganization The company pad
an Incorporation tax of si3.150.
Chicago Aug 22-Judge Seaman. In the United
States Circuit Court this afternoon. confirmed
tho sale OF the Whiskey Trust property made by
Receiver McNulta t. he Reorganization Com
mittee with the provlso that the persons oppos-
ing the confirmation be allowed until Tuesday
morning at 10 o'clock to file their objections To
the confirmation and be heard on them lie sad
his course would be 10 overrule all the objections
unless they more substantial than those
f..if hfIf a
ris. - -
This order Of confirmation puts damper on
the attempt being made in oIK 10
block the progress of the American spirits Manu-
featuring Company. Oath was made to the fact
that the Reorganization Committee has ALREADY
transferred the property to this company
An officer OF the new liquor company Incorporated
yesterday at Albany, when seen by TRIBUNE re-
porter last night said: Judge Seaman, of Chicago
has lust signed a decree which consummates the
work OF the Reorganization Committee. ana con-
firms the sale of August H. by which Receiver NC
Nuta sold the Reorganization Committee seven
teen dstilleries property of the old Whiskey trust
This means the signal and final defeat OF lhe
Greenhut and Morris faction, and the success OF
the Reorganization Committee
THE officers OF the new company are ;. NJ Kce'
president: Richard B. Hartshorne. vice-president;
Jules b. Bache. treasurer. and T. II. Wentworth
secretary The stock will be issued shortly The
company is brdnd-he" one succeeding INC o''
Trust.
II am much grathed at the final victory Of our
committee which has now overcome all difficult
ties and won. after six months hard fight. The
new company starts amply equipped with capital
and with the best OF prospects Tor bright iu,urr,
IL will be managed conservativciy. and soeiy IN
tho interests of the stockholders
Instead OF owning eighy-threc distilleres the
new company owns only seventeen distilleries, and
its entire producing capacity Is not onc-haf Of the
annual consumption These distillercs however.
are the best Of the lot. most of the others would
be 'deadwood Six are in Peoria. four in Chicago
one in ST Pau. and the others are in Terrc Haute.
Cincinnati and other places. All the officers are
members of the Reorganization Committee. eN-
cent President Rice who Is a dstlller. and whom
we selected for his practical experience Cash TO
the amount OF 100000 has been paid In. and PROB
ably A million a million and a half more VIII be
paid The cash assets OF the company at the
present tima therefore. with the va.uc OF the as
ierics are about s9.sOoO00 The cash Will be
pretty evenly divided between preferred and com
mon stock. The company VIII simply try 10
make a profit and will not and could not hope to
control the market.