New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-30

REcEIvERsIffP SOUGHT BY THE GREENHUT
MANAGEMENT on RECEIPT OF NEWS
THAT THE EASTERN STOCKHOLDERS
COMMITTEE OF INVESTIGATION WAS
on THE WAY TO PEORIA
Chicago. Jan. ga bold stroke was made last
night by President Greenhut and his friends, and
the big organization known the Distilling
and Cattle Feeding Company is now in the hands
OF two receivers appointed by Peter B. Grosscup,
Judge Of the United States District Court This
afternoon the receivers f. F. Lawrence, a
director OF the First National Bank Of Chicago,
and Joseph g. Greenhut. OF Peoria. filed their
bonds for $1,000 900 each before the Court and
were duly qualified to ac, On Mr.. Greenhut's
bond Messrs Lynch and RothschIld of the
National Bank OF the Republic, OF Chicago.
The argument is supposed to have been heard in
the Judges private chambers at o'clock last
night. John s. Runnels and William BURY rep
resented a large block Of the Whiskey Trust
trolled by the Greenhut following. Among the
foremost names which appear in the bill
those of Wormser and Olrnsted. John Stevens.
OF +. )ria. the regular attorney OF the Whiskey
Trust was present at the time OF the argument:
and Levi Mayer on hand for the opposition.
The argument was brief. and resulted in the filing
Of tie bill and the appointment OF two receivers.
ThT'ntlre action was kept secret until the filing
Of toe bonds to-day. so that there could be no pos
sihle slip. and the filing was postponed until after
the regular hearing ~ the Debs trial had been
closed. Concident with the days action comes
the fling OF the bills in the various States In
which the company has transacted business.
John s. Runnels who engineered the entire pro-
ceedng, declined to tell the place where the bill
was argued, but said:
This action not taken by the New-York stock
tion for some time past and whose committee is
sued the circular short time ago. but by the
friends OF the present management.
He declined TO forecast the action OF the
celvers and the probable result but said they
would administer the property under the juris-
dction OF the Court, would at the proper time
Ale inventories. and II the Court should so de-
eide in the future would sell the property and
pay the debts Of the organization. The property
represents nominal valuation of s35ooooo
with a present actual valuation OF probably
$4,000 006 or s5Ooo.OO0.
Peoria. H.. Jan. 2s-Littlc surprise was created
In this city by the announcement that Judge
Grosscup had appointed receivers for the Dis
tilling and Cattle Feeding Company. II had
been expected for time that such a turn
would be taken sooner or later. and this belief
was strengthened when II became known that
the Eastern stockholders We're moving In the
direction Of investigating the companys affairs
and securing a change in the management. Last
week President Grecnhut received word from the
committee appointed by the Eastern stockholders
to visit this city and inspect the books OF the
Trust that they would arrive here on Tuesday
evening Of this week. and requesting that all
the directors be present. IN order that the affairs
or the Trust might be fJlly and freely discussed
~ all parties concerned
In order 10 sorestal the objects OF the COM
rnittee Of investigation President Greenhut went
TO Chicago last night and applied Tor the re-
ceivcrshlp having himself and Mr. Lawrence,
hitherto not active member Of the Trust. but
thoroughly In sympathy with the Greenhut man
sgement appoin ed To look out for the companys
affairs as OF old but entirely free from any In
reference on the part OF dissatisfied holders OF
DIstillIug and Cattle Feeding Company STOCK
The only way In which Peoria can pe anec.eu
by the changed condition OF AFFAIRS - the CLOSING
of the distllleres which will probably take place
"a. the Government ~ unlikely to enter INTO tne
manufacture ~ whiskcy.
The DIs,illing and Cattle Feeding Company
was organized in the fall Of 1856. and was the
outcome Of several attempts To consonIate Wits
KEY interests the most notable of which was the
Western Export Association. Of which "Bunalo
Miller was the head. j. H. Greenhut was electeu
president and has held the office ever since
The appointuent OF Mr.. Lawrence ~ Regarded
by Peorin people az peculiar. Mr. Lawrence IL
said to be an intimate friehh OF >eiso' 49, 80
and bv many the appointment IL regarded as an
Indication that Greenhut and Morris have set
tied their differences.