The Providence news. (Providence [R.I.]) 1891-1906, 1895-06-19
WHISKEY SNARL.
Reorganizers Looking Toward the
Rehabilitation Of the Trust.
CLAIMS OF RIVAL COUNSEL.
Leased DistillerieS Present
Their Side of the Case.

CHICAGO, June 19-In Judge Showal.
ter's court yesterday tho reorganization
committee of the Distilling and Cattle
Feeding company took the first steps
toward recreating and rebuilding the
Whtskey trust, which the supreme court
of Illinois last week deprived Of charter
rights.
Pursuant 10 n determination TO hasten
the judicial sale OF the trust property, the
reorganization committee summoned to
its relief an officer of the United States
court, Receiver McNulta. This official,
through his attorney, presented n petition
rehearsing his appointment TO Office and
the reasons why he considered the sale not
alone judicious, but necessary. In this
petition Receiver McNulta made admis-
sions contrary to his previous statements
concerning the estate. He said he is meet
ing with exceedingly sharp competition In
the conduct of tho business; that he be-
lieyed the distilleries should be closed
from July to Oct. Il that the Cattle
Feeding contracts could not be renewed by
him TO good profit; that enormous ex-
pense for rentals, insurance and service
would bo incurred in that time and that
the properties would be injured during the
period named.
For the Central Trust company Edwin
Walker dismissed his bill for foreclosure
OF the trust property. This renewed the
original bill, amendments demurrers, etc,
from the case. Mr.. Walker though, filed
another bill praying the appointment of a
receiver, which has the same purport. 1t
was filed on behalf OF Charles Lindsey.
owner Of 100 shares Of stock
Dilatory Tactics Resorted To.
After the 'delay" bills were out of the
way the petition Of the receiver was read
To this Attorney Judah made vigorous
objection on behalf of Nelson Morris. Ho
demanded that the receiver make de-
tailed exhibit Of the assets in his posses.
sion. Mr.. Walker made similar protest.
These tactics annoyed the reorganization
interests and one Of the attorneys, with q
spectacular wave Of his arm. said to Mr.
Judah: 1--WE don't care to be bothered 10y
such mosquitoes" Mr.. Judah retorted:
well, the mosquitoes are very much
present, and you may DO made TO feel their
bills before you are through"
The answer to the petition for the ju.
dicial sale, made by Mr.. Greenhut, was
then taken up. Before considering ii in
detail counsel for the reorganization COM
mittee gave the history of the litigation in
which the trust has been involved since
the reccivership. The point was made
that j. Is. Grcenhut in his first bill for a
receiver, asked for the sale 10 which he Is
now objccting. The terms Of the proposed
sale were then discussed and the reorgan-
ization committee stated that il desired
that the property should bring the largest
price possible.
Attorney Paxton Of Cincinnati, repre-
sonting the Union and two other distill-
cries leased 10 the trust, made state.
ment OF his case to the court, and told
how his properties had been dismantled
and practically destroyed. He asserted
however, that he earnestly desired ju-
dicial sale, and wished to place no OBJ
stacles in the way Of such plan.
Continuing, the reorganization counsel
said: This answer to the petition for a
judicial sale is made by n man who was
removed from the receivership because he
admitted TO this court that he had sold
10000 shares of the company's stock short
when he was connivng and preparing tho
scheme for wrecking the estate. He is
today short of tho stock and this fight is a
"bear" move. 1t is "a stock jobbng
scheme, pure and simple, and has been
such from the beginning"
The conditions and benefits of the sale
were discussed at length. 1t is thought
that ths decision will be reached before
July.