Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-08-15
END OF THE FIGHT.
one Of the Most Remarkable Legal
Contests in History.
MANY DySUILLERIEs
SOLD.
Nbt.,.ey Trust Property Disposed Of
MT Auction-iiOught In by the He"r-
oo,tx,ticn Committee at s3.sO.-
OOO-So other Bidders.

CHICAGO. August 1.-THE end Of one
of the most remarkable legal fights in the
history Of corporation litigation came to-
day. when the property Of the Distiil'ns
and CattIe-Feeding Company. commonly
known as the Whiskey Trust. was sold
II auction on the courthouse steps In THIS
city at II 30 this morning.
The sale proved a mere Formally, 80
,,are vere no other bidders besides TIE
REORGANIZATION Committee, whose Did OF
s9.SOOoO. incorporated In the decree oil
sale. was accepted.
General John McNulta, the receiver OF
the trust. began the sale at 10 O'Clock.
Marshal Arnold and four deputies ac-
companied the receiver. and stood by his
side while he read the long decree when
took an hour and a hair. At the con-
clusion Of the reading. he said:
81 am now authorized 10 accept BIDS LOT
this property. Anybody can buy H. pro-
vidcd they pay me the earnest money ol
siou0 I'm cash. as provided by the decree
which 1 have just read. DO ! near any
bidders
Levi Mayer. Of counsel for the heor-
gariz1tion Committee. stepped lot iii'
ana on behalf Of that committee. "hJm
he called by name, renewed the ol' GUN
tanned in the decree OF ss.svWo.
81 renew this bid" said he, "on con-
ditio, that thu receiver prosecute sLltS
for over a million dollars. as provided IN
the decree Just read and also on con'liloh
that all the other terms of the decree are
carried out To the letter
lie then handed General McNulta
certified check for $4,000
Ten minutes were allowed for o,her
bids. ana nj tho expiration OF that ult'
the property was declared SOFA 10 ''0
Reorganization Committee. 81
The property sold does not inciude an
that owned bv the old trust seventeen
distilleries. the cream of the lot Were
selected bv the committee for the putpOSc'
besides the office building al Ieofid'
PROPERTY PURCHASED
Tho Jietillerlcs purchased to-day Were
Tho Sbufeldt. Of Chicago the star ana
crescent distillerics. Of fazeWell count!
IN. the CentrA Dstillery OF - LOUIS
no 81 Paul: the Riyerdalc, OF 'hIcaso'
the Hamburg. OF TaZewell county NJ
H. Northern. Of Peoria; the MaHhat-
tan Of Peoria: the Monarch OF IeoI'a ;
tho Great western WOOlner, ana Ieoiia
distilerles. all Of Peoria. the WHO"
Spring distillcry. Of Omaha; the console
d.ted Of Cincinnati: the MadduX-Hobart'
~ Hamilton: the Waha ~h. of Terre iiaute
and the I.atcnia, Of Cincinnati
The property is sold on condition tha'
{, shall he subject 10 the trust lien 10
secure the payment Of whatever sums
shall be adudgcd to be due 10 the holders
~ certain issue Of 100000 Of bonds.
secured By a trust deed 10 the Central
Trust Company. Of New York. dated
lime /. 1895. in "a suit instituted By Gene
r,I NcNulta against Joseph B Green
hut and others which suit seeks 10 sci
aside the issue Of 100000 Of bonds.
The trust lien also secures the payment
Of such rebate vouchers as the court
shall finally order 20 be paid.
The Rcorga nization Committee must
nav in cash only such proportion Of the
eu,r Of g. 5000 as the total number OF
shares OF the Distilling and Battlefield
ing Company not owned or controlled by
the REORGANIZATION Committee bears 10
the total capital stock Of the company.
but II must pay the balance Of the pur-
cbase-price from time 20 time, a. re-
ouirod by any court having Jurisdiction,
tn the extent that il shall be- necessary
ia enable the receiver 10 pay. in addi-
ton to the cost Of administration. such
of the claims filed as shall upon final
hearing be ordered paid by the court
Receiver McNulta retains a lien on al
the property Of the trust. as So
curitv that the terms OF the sale shall
ba carried ont. and the court re-
serves t. itself the authority TO sum-
rnarilv ratake possession Of the property,
in the event that its assets are being
vested