The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-04
WINDING UP THE WHISKY WAR.
THE OBSERVATION-DISCLOSURES FACTION
COMPLETELY ROUTED.

An order for a Judicial Sale of the
Property Likely 10 he signed To-
mOrrow-The sale 10 Take Place
by Auction in Cook County and
the Upset Price Fixed at So,sOO,OO
story of the Fight.
Chicago. July S.-After long and ar
duous campaign. each battle Of which has
been holly contested. the reorganization
committee Of the whisky trust this after
noon practically reached the end OF its
work and scored a final victory over the
Greenhut-AIorris interests. which have
bitterly contested every step. The con-
sideration Of the order for a judicial sale
which has been in progress two days was
finished and all its points agreed upon.
Judge Showalter said he would sign the
order as soon as a clean printed copy Of
it is amended was submitted to him. This
will probably be done next Friday. The
sale will be ordered TO take place by auc-
ton in Cook county, and the price Of So
10000 offered by the reorganization COM
mittee will be considered an upset price.
A deposit Of 10000 cash will be required
TO be forfeited in case the company fails
TO run the distiIleries 10 keep them in re-
pair. As security. the stockholders and
creditors will have a lien on the whole
property and the court will be empowered
besides TO take back the property if he
finds it is being wasted.
The war between the two factions OF
the trust has been waged since Jan. %.
when Greenhut was appointed receiver,
only to be deposed a few days afterward
by order of the court The decisive en-
gagement to-day was a bitter one the
attorneys of Mr. Greennut trying hard
to be made parties Of record, so that
they would have the right Of appeal.
Their petition TO this effect was denied
by the court yesterday. but they renewed
ii to-day in a more formal manner and
insisted upon being recognized in court
Attorneys Walkers and Eddy, represent
ing the minority stockholders, told the
court they did not think their clients
were getting justice in being denied the
right TO come in as parties of record; If
not as defendants, then as co-complain-
ants in the original cause. Mr.. Walker
said he hoped the count would not con-
tinue to the end to submit TO the die
tates of the counsel for the reorganiza-
tion committee.
In reply to the insinuations that the
court was partial ex-Judge Moran de-
clared that IL was outrageous that Green
hut and Morris should longer be permitted
TO obstruct the business Of the court. and
still more outrageous that their counsel
should attempt 10 coerce the court into
granting them the right 70 stop the work
of reorganization by taking an appeal
which would require two years at least
to decide.
Mr. Walker made a sarcastic attack
on the receiver and moved that his re-
port be referred to a master in chancery
for examination. He insisted that the
whole property be sold. instead of the
cream Of it, as was now proposed. and
intimated that if this were done, the
Greenhut-Morris interests might be bid
der for it.
1t developed in the course of the dis
cussion that the reorganization commit
tee now has about 81, 100000 with which
TO carry on its new business. Under the
terms of giving the stock as part pay
ment only $4,000 cash would have been
required, but this will not now be paid
in.