Birmingham age-herald., 1895-04-17
WHERE ARE THOSE MILLIONS
Somebody Has y~P Pickings of the Fattest.
 Did Snhut Get in It2
"ExPLANE S. REQUIRED" SAY EXPERTS
And Th' : eport Is serried by 1nterroga- tior rks-Only the Treasurer and
 Ilmctors Were on the Inside and
 S;ould See Betwixt the Lines.

Chicago, April 16-Of the many sensa- tions furnished by the whisky trust since Joseph B. Greenhut first had himself ap- pointed receiver and was busted by the stockholders, none approaches in magni- tude that furnished by the filing with Judge Showalter in the United States cir cult court of the balance sheet of the company as it appeared March 31, 1893.
 Practically the whole period of the al- legged iniquitous reign of the Greenhut faction is covered by the figures given therein, which are startling even to those who had been told in advance that dis closures Of an unusual nature were to be made. The sum of $1, ,139 443 is totally un- accounted for to say nothing of the other items, which appear all right at first glance and which are offset by figures on the books.
 The first irregular item occurred in the purchase of the >Shufeldt and Calu- met distileries. The net cost of these dis tilleries, after charging inventory to cap ital in operating plants Is put down at $1, 1,634, ,279 The amount deriyed from the sale of 34,9S4 shares of treasury stock Ghese are the shares which the company sold itself) is then deducted, leaving in round numbers $60,000. A note by the ex- perts in regard to this purchase charges that $244,443 are unacconted for on the books.
 Another note in the same connection is as follows: '"To meet cash payments re- quired by contracts for purchase of Cal umet diStillery, the following two depos- it's were made in Chicago: Deposit of $1O0, 900 in First National bank of Chi lcago and deposit of $15O0O0 in Chicago National bank; no vouchers or checks showing to whom paid"
 In the opinion of those who are in a po- sition to know, while no open charge can be made on this last item, 1t shows a method of bookkeeping, If nothing more, that is, to say the least, exceedingly ir- regular.
 Coming to the purchase of the Star, Crescent, Central and Nebraska distil- leries, the report of the expert says:
 We find no voucher or other evidence of the expenditure of six drafts on J. B. Greenhut, issued between November 10 and 30, 1892 and paid through the Ger man American National bank of Peoria, supposed to be drawn for cash payments on account of these distilleries.
 Five matured notes of Samuel Woolner, in favor of the Star and Crescent and the Central and Nebraska diStilleries, all paid by exchange through the German-Ameri- can National bank, amounted to $1S5,-- 900, and $200,000 was paid to Samuel Wooner, for, which there Is no voucher and to which the experts have affixed
 the note: Explanation required
 The total deductions from the cost of the purchase of these distilleries are put down at $1S5 ,000, which Is the second discrepancy shown in the report. The third discrepancy comes under the head of items to be accounted for
 The sum of these is $510134 These items of this sum appear as payments to Greenhut or Woolner or payments to others on Greenhut's check. This money is put down as loss charged against in- Vestment accounts in the report of the experts, and a note states the amount was written off after the books were closed for the fiscal year of 1893 and that no details or explanation was given. One remarkable note closes the balance sheet: 'The company's books are un- der the charge of the treasurer, who is also one of the directors. They con- tain figures only which have been en- tered by the bookkeeper without infor- nation as to their meaning, except what the treasurer chose to give him or what he may have inferred from the circum- stances.
 'The treasurer understood the books but no one else, except possibly the direc- tors, hence it has been, and is. an impos- sibility to properly audit the expendi- lures, which run into millions, from the books in their present condition. some idea of the total lack of information in the books is given by the notes attached in this report to some of the items.
 Levi Mayer and S. D.Rice of the reor- ganization committee left for Peoria this afternoon to attend the annual meeting of the trust tomorrow.