New-York tribune., 1895-06-15
AN OFFER FOR A TRUST.
REORGANIZATION COMMITTEES BID.
NINE MILLION EIGHT HUNDRED THOUSAND FOR
PART OF THE PROPERTY OF THE DIsTllL-

NrxE MILLION EIGHT HUNDRED THOUSAND FOR
PART OF THE PROPERTY or THE DIsTlLL-
ING AND CATTLE FEEDING COMPANY
Chicago. June H-Nlne million eight hundred
thousand dollars is offered for part Oh 'ne
property OF the Dlstil,ng and Cattle Feeding Coin
pany by the Reorganization Committee "nic"
owns or controls SH.Os7 shares OF the company
stock leaving 1888 shares which stand IN 'ne name
or Creenhut and others. This offer Is MADE III
voluminous petition TO the United states pls,i''.
Court TO have Receiver McNulta authorized ana
directed to sell all the property OF the ""shey
Trust on certain conditions This petition was nieo
with the clerk OF the court this evening py MO
ran. Kraus & Mayer and John P. Wilson. soHci-
tors for the petitioning REORGANIZATION commit
tee II has been expected for some time, ana as
soon as the adverse decision OF the lIiinols 'u
preme Court announced II was cois''eie'
necessary to hasten sale OF the properly D'
agreement with Judge Showalter the peuuo"
wiIl he heard and the Greenhut opposition Is ex-
nected to make vigorous objection. The whole ann
OF the statements contained IN the petition - " =.
convince the Court that the immense ana "'eiy
separated estate cannot be operated pe'iha,.'
with due regard for the interests OF the s'oNN"o'
ers under the present receiversnip syste'"' az" ~ "
the face OF threatening opposition from various
sources. ,.,o,
Tho hd of tho ne,itoners contains the provision
that they shall be allowed to retain such pro-
portion OF the purchase price as the 'o'h' ""'
OF shares owned controlled by the heo's"n~"
ton Committee bears TO the total capi'ai s'o0N "
the company. upon furnishing satisfactory se-
curity." ,
The total capital stock OF the company outstand-
ING is s25 O 90 The petitioners also agree TO pay
the receiver or his successor on order OF court az
claims which shall be adjudicatei ana ordered pau
They make II condition that the p'h sha'' oe a"
cented and transfer made within twenty days an"
that II higher bid is made the property sha'i % pe
soh 10 such bidder. Final prosecution OF the Dill
at,ockng the sale OF 100000 by Greenhut ct al to
,bemseves ia made a condition OF the purchase'
The proposed sale Is be made subject to the pay
mon, of whatever may be found due 10 the hold
era OF these questionable bonds. which are secured
by trust deed to the Central trust company.
The petitioners take 10 SKATE that In addition
70 tho trust disulerles there are twelve In opera
ton I'm the United States. having daily capacity
OF nearly 9pOo) gallons. ami whose daiy a'eras'
product II 5000 gallons All these distllerles are
active competitors OF the trust ana there Is pths
built another t0 have "A daily capacity OF @'V" ba-
The Reorganization Committee lays stress on ~
claim ,hnt assuming the total amount OF cllms.
ss73 IS should hc finally allowed. theT" would o.
sfr In the hands of the receiver an excess OF $50
sgg OF cash assets over liabilities exclusive OF tn"
real estate. etc
ON tho motion Of tho attorney Edwin Walker
for the Central Trust Company ot Ncw-fork TO
consolidate the supplementary bill! FOR an inJunc-
ton against tho Whlskcy Trust stockholders with
the other causes OF the Greentu. opposition. came
up ior hearing this morning before Judge Sho-
walter OF tho United states Dstrc. court. Levy
Mayer and Judge Moran were present and ready
10 argue their demurrers 70 tho consolidation OF
a bad blll with good ones "a they contend but the
Judge was prepared 10 listen To the long ar
gumcnis so II agreed TO hear the whole mat
ter including arguments on the right OF the Gen.
tral Company 20 foreclosure the Trust prop
Mr. Boycsen. representing Receiver McNuta.
said he would probably be able 20 have tho matter
Of tho refusal OF Cireenhut. Morris. bay and
Hennessy to answer questions before Master IN.
Chief Booth ready to be passed on by the Court
al the same time.
Peoria Ill., June 1.-THE Peoria dstillers are
inbllan over the decision OF the Supreme Court In
affirming the Judgment OF custer entered by the
lower court and believe 1t will probably result IN
the breaking UP OF tho Whiskey Trust They are
hopeful OF regalning possession OF their property
and wholesale suits To that ene't VIII be lhsti-
tuted here a. once Several Conferences were held
between Interested parties Yesterday. but they
wcr- all OF an Informal nature, and no action was
taken Deputy Donnoly, who has had a iorce OF
deputies at tho ilstiilrres. swore IN twenty-five
additional yesterday, which makes totai
,orc. OF sixty men who doing duty on the
river bank lie said he had no int:mauon OF
trouble and the swearing OF additional men was
simply a precautionary measure lie was dctins
under the orders OF the Court. VINO proposed 10
hold the property by force OF arms. Il necessary.