St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-01
RECEIVERS CAN'T ACT.
JUDGE GROSSCUP HEARS
WHISKY TRUST CASES.
Temporary Restraining Order
Continued Until Decision Is
Rendered.

CHICAGO. Jan. S1.-The restraining
| order preventing the whisky trust re-
ceiyers from taking any action in the
proceedings under which they were ap-
pointed will remain in force until Sat-
urday morning. Judge GroSscup en-
tered the order yesterday, and expected
today to hear arguments on motion to
GUST the receivers. On account of the
gravity of the situation the court am
nounced today that the motion would
not be taken up until Saturday. He
allowed the restraining order entered
yesterday to remain i'll force until de-
cisiOn is reached on the motion set Tor
argument Saturday.
The conflict presents the paradox of
attorneys for both sides OF the combat
expressing extreme satisfaction with
the status of the case. Each party
claims 1t is in the right and has re-
ceiyed all it asked for. When Judge
Grosscup opened court today there were
| present Attorneys Runnells and BURY,
representing the receivers; Levy Mayer
for the petitioning stockholders CON-
mittee: p. r. Peckham for the Shufeldt
distiilery. and Attorney Eddy for Nell
son Morris. The court made the fol-
lowing statement:
Through their attorneys certain
stockholders in the DistiIiing and Cattle
Feeding company represented TO me in
the presence of the president of the
company that the company was insol-
vent, that a 81. 200. OO0 debt would soon
fail due and that i'll their opinion unless
the company was placed in the hands OF
a court Of equity for operation the funds
of the company would be wasted and
dissipated and the loss would fall upon
the stockholders. The situation as set
forth in the bill was one that demanded
Immediate action. To publish TO the
world the complaint would defeat Its
very object. Apparently the protection
OF the court was necessary. The preSI-
dent of the company did not combat the
representation, and the receivers were
appointed.
"A petition is now on tlle from other
stockholders, representing that the hrst
bill was authorized by only small pro-
portion OF the stockholders. and claim
ing that the president had no right or
authority to surrender the company in
such manner. 1t is further stated in
the petition that at the time the r5ceiy-
ers were appointed committee was on
the point of furnishing plan for the
rescue of The corporation and the rais-
ing of the necessary funds. and that the
plan was frustrated by the appointment
of the receivers. Under these clrcum-
stances, the petitioners ask that the
court hear them OH the application for
the removal of the receivers. From the
nature OF tue case, the court Should Ia
Ouire into the facts, and l Will set Sat
urday morning for the nearing OF the
petition of the stockholders. L shall
ask the attendance in person OF MI.
RunneHs and Receivers Greenhut and
Lawrence.
At the conclusion of court Judge
Grosscup wrote an order i'll which he
restrained the receivers from doing any
thing save to conserve the property
until after the hearing OIL Saturday
morning. He further ordered that all
stockholders of record and holding duly
assigned certificates of stock OF the dale
of the appointment of the receivers and
prior thereto shall have access 10 the
books. documents and papers or The
Distilling and Cattle Feeding company
for inspection, either by themselves or
their counsel, under such reasonable
SUPERVISION 30 W III lilSGAO VIZ o-CuAtb1
of such, and that upon the application
of such stockholders or their counsel
for the production of such books, etc,
in court at the nearing herein assigned
the same be produced without further
order of this court. 1t is further or
dered that the interveners have such
subpRnas from the court as may be
necessary to secure the attendance of
such witnesses as they may desire, UNI
der the usual conditions relating to
subpGnas.