St. Paul daily globe., 1895-04-18
CREENHUT PUT OUT
A Big Shake-Up in the Diree-
torate Of the Wisky
Trust
THE ANTS NOW In CONTROL.
They Organize by the Elee-
ton of an Entire New
Board.
THE ANTS NOW IN CONTROL.
GREENHUT DOESN'T GIVE UP
Begins Libel Suits for $780,
600 Against Eleven Of His
Opponents.

PEORIA, ILL.,, April 1.-THE
whisky trust reorganization COM
mittee carried today's annual stock
holders meeting of the Distilling
and Cattle Feeding company by
storm and when they adjourned
had deposed ex-President Greenhut,
elected full board of directors and
empowered the board to take any
necessary action towards recovering
from the trusts late officials any
property that may be due the cor
poration. But Mr.. Greenhut was
not at all docile, being present at the
meeting with objections at every
turn, refusing to resign as director
and before adjournment he personal
ly superintended the serving of pa
perS in
ELEVEN LIBEL SUITS
of $4,000 each. The suits were
served upon the members of the re-
organization committee, Messrs. r.
H. HaIitahorne, John I. Waterbury,
F. w. Lockwood. Jules Bache and
w. E. Hutton, and upon Attorney
Levy Mayer, Of Chicago; Attorney
Nathan Blur, of New York; Re-
ceiver John McNulta and the three
experts who have been examining
the trusts books. The ex-president
further made the session interest
ing by making a decidedly warm an
nual report and by intimating that
he intended to fight the new man
agement to finish
The following is the company's
new directorate: Samuel M. Rice,
of New York; T. H. Wentworth, of
New York; ]. M. Hutton, of Cincin-
natl, O.; VIM. j. Meyer, of Chicago
Walter N. Scheatel, of New York
John M. Mott, of Chicago; Floyd E.
Jennison, of Chicago.
GREENHUTS SUCCESSOR.
AS there was NO quorum OF di-
rectors present the election of Off
GERS will be held in Chicago in the
near future when Samuel NJ. Rice,
of New York. will very probably be
chosen to succeed Joseph B. Green
hut as president.
When the meeting was called to
order alt IL o'clock at the trust head
quarters there We're about thirty
stockholders and represents tatives
present, but they represented a
large majority of the stock of the
trust, and the only opposition in
sight was J. B. Greenhut, his son,
Ben, and their attorney. VIM. Jack,
representing a total of 1,119 shares of
stock. Mr.. Greenhut took the chair
and called the meeting to order,
suggesting that chairman be
chosen. Chairman r. H. Harts-
horne, of the reorganization COM
nnibtee, was cleo ID, and after pre-
liminary busin as the minutes of
last years meeting were read and
upon motion of Levy Mayer We're not
approved, the GTeenhuts voting
against the motion. After wordy
argument the minutes were refGrrsd
to the incoming board for action. A
recess for lunch followed and the
second session opened with the ac-
ceptance of the designations as di-
rectors of John Baggs, J. w. Fret
berg, w. n. Hobart and L. H. Green.
In submitting their designations Mr..
Greenhut said they were rendered
In consideration that he retain his
position as director.
GREENHUT REPORTS.
Then came the reading of the ex-
presidents report. Dt was awaited
with great interest, as Mr.. Green
hut had heretofore positively re-
fused to discuss the numerous
charges against him, and his report
was the first refutation he had made.
He declared t.r accusers to be SLAM
derers and faislfiers; denied abso-
1utely all charges of mismanage-
ment, and asserted that ithe present
receivership is proving disastrous to
the company. The report was in part
as follows:
Il have served the company and
its predecessor, the distillers' and
cattle feeders trust, as president for
the past eight years, during which
time 1 have given my undivided at
tent1on and best judgment, under
the circumstances, to the manage
ment of the company's business. AS
a complete answer to the repeated
accusation that have controlled the
affairs of the company, and that the
directors had little or no voice in it's
management or the disposition of its
funds, append to this report the
statement of my fellow directors. as
filed in the United States. court on
the 1st day of February, 1895. The
recent and very general repeated
accusations and charges against
myself and fellow directors, 1 wish
here to
STIGMATIZE AS FALSE,
malicious and untrue, and 1 trust
that time and opportunity will soon
be at hand when the utter ground
lessness of these slanderous charges
can and will be established and the
slanderers dealt with as they de-
serve. defy any one to prove any
Willful miSmanagement or misaD-
preparation of the companys funds,
or that l, or any of the directors,
have been parties to any contract
or contracts for our personal bene-
TIT, detrimental to the best interests
OF the company, or that any of the
official statements which have been
given to stockholders from time to
time were otherwise than true and
fully warranted by the facts when
the statements were made. On. Dec.
IA, 1894, your directors sent you
concise and accurate statement of
the condition and affairs of the COM
pany. Instead of responding to the
candid and truthful statement of
the directors, a Self-constituted
committee, without any investiga-
tion, sent out the circulars to the