New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-15
SALE or TIE WHISKEY TRUST PLANT
THE REORGANIZATION COMMITTEES BID OF
81 sOONOO TIE Only one RECElYED.


sgsOoGO THE ONLY ONE RECEIVED
Chicago Aug 1.-THE end Of one OF th4 mcs;
markabl. legal fights In the history OF corporation
litigation to-day when the property Of the
Distillng and Cattle Feeding Company. commonly
known the Whiskey Trust was sold at auction
the Court House steps in this city al II 30 this
morning. The sale proved mere Formally, as there
were no other bidders besides the Reorganiza tion
Committee whose bid OF s9S00.000. incorporated in
the judicial decree Of sale, accepted. General
John McNulta the receiver of the Trust began the
sale 10 o'clock. Marshal Arnold and four depu-
ties accompanied the receiver and stood by his side
while he read the long decree. which took an hour
and a half At the conclusion OF the reading he
said
Il am now authorized to accept bids for this prop
erty. Anybody buy il. provided they pay me
the earnest money Of $4,000 in cash. as provided by
the decree which l have just read. DO hear any
bidders?"
Levy Mayer, Of counsel for the Reorganization
Committee stepped forward and behalf Of the
REORGANIZATION Committee. whom he called by name
renewed the bid contained in the decree OF SSSlOWh
81 renew this bid said he. ION condition that the
receiver prosecute the suits for over million dol
lars as provided in the decree just read. and also
on condition that all of the other terms of the de-
craa are carried out to the letter" He then handed
General McNulta a certified check for $1,000 Ten
minutes were allowed for other bids ana al the *
piraton OF that time the property was declared sold
TO the Reorganization Committee ior Inc sum
offered.
The property sold does not Include all tha' owned
hv tho old ,rust Seventeen dlsteries. the cream
n. the lot were selected by the Reorganization
Committee for purchase. besides the once puiId-
ing at Peoria The dstilieries purchased to-day
were the shefedt. OF Chicago the star ana Cres-
cent of Tazewen County H.; the central. OF -.
Louis; the ST. Paul and the Riverdale OF Chcago'
the Hamburg Of Tazewen County, H. the North
ern or Peoria: the Manhattan, OF Peoria; the
Monarch. OF Peoria; the Great Western. Wooner
and Peoria all OF Peoria: the Willow Spring, Of
Omaha; the Consolidated. OF Cincinnati; the Mad
dux- Hobart OF Hamilton County. Ky; the wa
bash, Of Terre Haute. and Latonia OF Cincinnati.
The property is sold condition that 1t shall De
subject TO the trust len secure the payment Oh
whatever sums shall be adjudcated to be due TO
the holders of certain issue OF sVOV0 OF oo'lus'
pany. of New-York dated June /. 1893. in suit
Instituted by General McNulta against Joseph ~, -,
the issue of x,OooOo of bonds. The trust len aiso
secures the payment OF such rebate vouchers az
he court shall finally order 70 nay 1e pa' n cash only
such proportion OF the sum OF &.ocnO as the loiSl
Feeding Company, not owned or controlled by the
Representation Commtts, bears TO '1 2'i Wt, '1p re-.
tains a lien on all the property OF tne trust az
security that the terms Of sale snali De cafIiel i
to summarlly retake possession Of the property III
the event that its assets are being wasted
hght which ended oday WITH bn me ere eree1 ol
hut had himself appointed receiver. only 10 De
SammAIy ward During s'" the Whole Of this he Rsor
ganization Commlftee mas never Deen ae,Ta'a d ~, ~
the opposing element Of the trust under the leaner
ship OF Greenhut and Morris. The new conpAnS'
which viii be sailed hs Under The
laws Of Illinois not withstanding the fact ln c s
predecessor had been declared sgh s probaby Ins be
made public tomorrow