The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-04-18
GREENHUT SAT AND eLARED.
THE WHISKY TRUST MEETING
GUSTS HIM FROM OFFICE.

He Denies the Right of the stock
holders 10 Remove Him and VIII
Fight the Case in the COurts-AII
the OLD Directors Resigned Ex-
cent Greenhut-HIe Represented
only 1I,OI0 Shares-He Denies the
Charges Against Him and Enters
suits for Damages.
Peoria, ILL.,, April 7.-Joseph B. Greenhut
was removed from the presidency and di-
rectory Of the Distilling and Cattle Feed
ing Company to-day at the annual meet
ing of the stockholders, after refusing to
resign. S. NJ. Rice of New York City is
slated as his successor.
Contrary to predictions, Mr.. Greenhut
was at the meeting. He was the only one
however, Of the old directors to face the
new men in control The others had de-
serted their former chief, who sat aloof
from the other stockholders, with his
son as a companion.
Richard B. Hartshorne was elected
chairman, and would have been elected
director had he been willing to accept the
position. Nearly $4,000 shares Of stock
were represented, of which the minority
Greenhut-controlled only HOB.
designations were read from the re-
naming directors. excepting Mr.. Green
hut, and were promptly accepted.
Upon motion of Levy Mayer. Mr.. Green
hut was asked to resign. This he declined
to do, and upon motion to remove him,
had his attorney state to the stockholders
that it was not in their power to do so.
Notwithstanding a vote was taken, and
he was removed under protest. He will
carry the matter into the courts.
The following directors We're then elect
ed S. NJ. Rice of New York, J. NJ. HUI
lin of Cincinnati. T. d. Wentworth Of
New York, w. J. Meyer Of Chicago, w.
M Scheftel of New York. J. NJ. Mott Of
Chicago and Floyd Z. Jennison of New
York.
1t was entered on record that Mr..
Scheftel was elected to succeed Mr.. Green
hut so as to simplify the litigation to
follow.
AIr Green hut did not want to read his
report to his enemies, but upon their In.
sisting, he read his final report.
Every motion was offered by Levy
Mayer and voted for by everybody ex-
cept Mr.. Greenhut. Al the time Mr.
the removal of Mr.. Greenhut the latter
gentleman told Mr. Mayer that he was
liar and had run to the end of his
rope, but little attention was paid to this
Mr.. Greenhut was removed on the charge
that he was false to his trust and an
enemy to the company of which he was
Mr. Mayer had hardly concluded his re-
marks when a, constable entered and
served him with summons in a suit for
$4,000 for slander brought by Mr.. Green
nut. Notices We're also served on the
five members Of the reorganization com
mittee, Receiver McNulta and Attorney
Bi1our in suits for similar amount
all returnable in Peoria on the first Mon
day in May.
spoken to in regard to the suits they
laughed and joked about them, saying
that the action was too ridiculous and
childish to deserve further comment.
The last act of the stockholders was to
rescind the action Of the last annual meet
ing in ordering the non-negotiating of the
before provided for, and the new directors
are now authorized to float them The
bonds to be now put on the market amount
TO over 100000. The meeting then ad-
journed to May s. 1896
Mr.. Greenhut still talks with assurance.
After the meeting he said: They seemed
to have their own way this afternoon, but
mark by word the tables Will be yet
turned. 1 have no doubt of being eXoner-
ated and know l cannot be legally re-
THE meeting this afternoon was only
a confab of Wall street jobbers and as
my removal was illegal, no acts of the new
board will amount to anything with
Scheftel casting an illegal vote"
The new directors will meet in Chicago
al an early Qdy TO eject OIncerS
In his report Mr.. Greenhut said that he
had served the trust for eight years to
the best of his ability; that all the accu-
sations made against him were malicious
false and untrue; that the. errors which
may have been made were made against
his judgment and under his protest. He
had not controlled the company, as
claimed, but their directors had done
all that had been done. He as presi-
dent, had no apologies to make and
would soon brand the malicious lies
and ISLANDERS promulgated against him.
Mr.. Greenhut said the receiver had
found the books of the company in a
straight and honest condition; that this
did not suit the reorganization commit
mittee and that experts We're employed
with instructions to find irregularities
and to furnish sensations for the news
papers. Mr.. Greenhut said he could re-
fute every irregularity alleged by the
expert. He spoke in bitter terms of the
breaking open of his safe, and said he
would prosecute the offenders to the full
est extent of the law. He then presented
figures to show the poor financial condi-
ton of the company, saying that the
statement that Receiver McNulta is run
ming things smoothly is untrue and alb
surd; that a greenhorn could not possibly
DO what experienced men found impos-
sible.