Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-04-17
THE WHISKEY TRUST.
Greatest Of The Sensations Connected
With Il.
MILLION DOLLARS GONE.
Queer system of bookkeeping
Figures OnIs-No Information ms
to Their Meaning-Report OF the
Expert Accountants.

CHICAGO. Aprial l6.-Of the many sem
sations furnished by the Whiskey Trust
since Joseph b. Greenhut first had him
self appointed receiver and was ousted
by the stockholders uone approaches In
magnitude that furnished by the filing
with Judge Showalter In the United
States Circuit Court this afternoon Of
the balance sheet Of the company, as II
appeared March 81. 1888. Practically the
whole period or the alleged iniqutous
reign Of the Greenhut faction is covered
by the figures given therein. which are
startling even 10 those who had been
told in advance that disclosures Of an
unusual nature were to be made. The
sum OF S.l39.ii3. IS totally unaccounted
for TO say nothing Of other items which
appear all right at FIRST glance. and which
are offset b. figures on the books.
The first irregular item occurs In the
purchase Of the Shufeldt and Calumet
distilleries. The net cost Of these distii-
leries, after charging inventory TO capital
in operating plants, is put down at
81 ,G3i,279 Amount derived from sale OF
q 80 shares OF treasury stock tthese are
the shares which the company sold itselD
is 70 be deducted. leaving On round num-
bers SC0,O00. 4 note by the experts in
regard 10 this purchase charges that
$2ff fi3 Is unaccounted for on tie DOCKS.
Another not IN the same connection -
as follows: ITO meet cash payments re-
quired by contracts FOR purchase of Calu-
met distillery the following two deposits
were made IN Chicago: Deposit OF slW.-
900 In First National Bank Chicago, and
deposit Of $4,000 I'm Chicago National
Bank. No voucher or check showing to
whom paid"
IRREGULARITY, AT LEAST.
In the opinion Of those who are I'm a
position to know. while no open charge
can be made on this last information, II
shows a method OF book keeping, II no
thing more that Is. 10 say the least, eX-
ceedingly Irregular.
Coming 90 the purchase Of the star
Crescent, Central. and Nebraska dis
tillories. the report OF the experts slys:
1--WE find no voucher OF other evidence
Of the expenditure Of six drafts on >.
II. Greenhut issued between November
Is and 20. 1872. and paid through the
German-AmerlCan National Bank OF Pc
ora, suspected TO De drawn for
cash payments, account OF these als'H-
leres."
Five matured notes Of Samuel Wool
ner in favor Of the Star and Crescent
and the Central and Nebraska distilleries,
all paid by exchange through the Ger
man-American National Bank. amounted
TO $500. and $4,000 was PAID
10 Samuel Woolner. for which
there Is no voucher, and to which the
experts have affixed the note "ENplana-
ton required"
The total deductions from the cost OF
the purchase Of th1e dlstilleries are
put down at $4,000. which is the second
discrepancy shown In the report
The third discrepancy comes under the
head Of Items TO bee accounted for"
Tie sum OF these is Sjlo.l3L These Items
OF this sum appear as payments to Green
hut or WOOlner. or payments 10 otheiS
on Greenhuts check.
This money is put down as loss charged
against Investment account IN the
report OF the experts, anu note states
the amount was written OF after the
books were closed for the fiscal year Of
1893, and that no details or information
was given
The Following rem rKa5ie uOte ciosos
the balance-sheet: THE cOmpany's books
are under the charge Of the treasurer,
who is also one OF the directors. They
contain figures only, which have been
entered by the book-keeper without any
information as 10 their meaning, except
what the treasurer chose 10 give him or
what he may have ipferred from the cir
The treasurer understood
the books. but 10 one else except. pos
sibly, the directors; hence u has been
and is ar impOssibility 10 properly audit
the expenditures, which run into mill
lions. from the books Ia their present
fIlau ~ tho total lack
OF information IN the books H. given by
the notes attached 20 this report
Levi Mayer and ). ID. Rice, Of the Re
organization Committee, left for Peoria
this afternoon 20 attend the annual meet
inr nf the Irnst there to-moTroM.