New-York tribune., 1899-02-02
BOTRBON UHISkEI TRUST.
NEW COMPANY TO CONTROL KENTUCKY
DISTILLERIES.
c>prrr 200 noooo-WIIL BE ORGANIZED
UNDER NEW-JERSEY LAWS-S. NJ

RICE PRESIDENT
A new corporation has just been formed with
the name Of the Kentucky Distilleries and Ware
house Company. for the purpose Of purchasing
substantially all the Kentucky distilleries which
are engaged in the business OF manufacturing
Bourbon or Kentucky whskey
The Kentucky distillers have made contracts
for the sale Of their properties and brands. and
these contracts were accepted yesterday. The
new company will be organized under the laws
Il Of New-Jersey. and will have a capital stock Of
$40 600 600 Of which S12OOOOO0 will be : per
cent cumulative preferred stock and S2O,OOO.OOO
common stock
The new company purchases the Kentucky
distiueries for cash The underwriting Of the Sc
curities Of the corporation was begun on Monday
noon and closed within twenty-four hours. The
securities were largely oversubscrbed, ana a
large amount Of underwriting was therefore re-
jected by the Manhattan Trust Company whch
is acting as trustee in the formation OF the Ken
/ lucky D!stilleres and Warehouse Company
/ The underwriters receive with each one pre-
ferred share one common share. All the large
! Wall Street banks and brokerage houses. II is
! said were desrous Of procuring underwrluhs'
/ and most Of them succeeded in securing part OF
/ the amount they severally wanted. Applications
for underwriting came also from LOUISVILLE Cln-
cinnati. Chicago and St. Louis. but only small
percentage Of the amounts desired in those cities
/ was allotted.
The new company will have a cash working
capital of S150O OOO and besides will have in the
I treasury 81 100000 Of preferred stock and
81. 100000 Of common stock. The Board of Di-
roctors and officers Of the company. though de-
/ trr,ined upon will not be officially announced
untu the charter has been filed in the Office Of
the Secretary Of State of New-Jersey 1t is un-
doretood that the Board Of Directors will he
cornosed Of seven prominent business men, and
that s ". Rice, president Of the American Spr-
its Manufacturing Company viii become the
president Of the Kentucky company WINE
retaining his present office. The trustees Of the
new company will be the Manhattan Trust COM
panv. Of this city. and the American Trust ana
savings Bank Of Chicago. The Columbia Title
and Trust Company. Of Louisville. viii also hold
close trust relations to the new concern
The legal papers and the charter OF the Ken
tuckv Distileres and Warehouse Company ale
being drawn 10y Levy Mayer ot 'mcaeo VINO
will he its general counsel
The new company will acquire the ownership
Of about sixty Kentucky dstilleres and ~
ahou, one hundred and twenty-five Of the old
established and best-known brands
Among the more important Of these properties
arc the distilleries controlled Wy a. Senior &
Sons. Elias Block & Sons James Levy Br'ther'
t,reiburg & Workum and James Walsh & Co. all
Of Cincinnati
,,,orc come Of the best-knOwn brands are
those Of the Allen Bradley Company. Bond q
1y,ard John Cochran & Co, the Darling Dis
,iiior,. Hume Iatonia. Marion County Distllng
Comi3rv Maddux O. B. Ripy. T. II. Sherley q
90 Waterfll q Frazier. Nelson County Dsuu-
ing Company. Belle Of Nelson r J. Gurley q
co the G. r Cook COMPANY Early Times. \.
Kenar s. p Lancaster. the Mutual, PiisIlmaee'
John G. Roach. William TAR and WAthen'
The following dstleres have been acquired
by the Kentucky Distilleries and warehouse
Two distilleries Of the Allen Bradley Com
pany three dictileries Of the Anderson q Nei-
son Distilling Company. TWO disiIetles ol ~. NE
CRYSTAL Spring Distillery. tie MattlngY DS-
tuierv two distilerics Of The Mellwood Com
many he Marion County DistllIrg company
+ the two dstiDcres Of Max Sellinger Il CO.. Known
as Belmont e Aston, John g. Roach Co, ana
the tyyo djstillcrics Of j p. Wathen Brothers g
J Co an OF Louisville. Ky. In o,her parts cf Ken
tuckv he following disteries have been ac-
ouircd: J NJ Atherton Company 1.-TWO distiueriesl. }.
the B.ro Of Nelson. 10 ld a Lizard, Boldrck-
l Callaghan Company. Bourbon County DlsulllnS
COMPANY. T.. J. Curley a Go. two disuIleries''
Tobn Cochran & CO., Cedar Brook Distilling
/. Ccnparv & B Cook Company. Commonwealth
distilsry. Davies comfy Disilng Company
formerly controlled 10y r. Monarch, the Daring
b di.tulery the EdgeWateT. the Eagle, the Early
Times the Excelsior the Boone County Dis
s filing C0mpany oNred by FrcihLrg & Workam'
- ! W VI Field distillery. Glenmore Gisullery,
, Hanning distinerv. Hume dstillery. 4. Keller
distillcry Iatonia ds,illery, 5 = Lancaster
b distlery. NJ T. MattnCy distleries In Davies
/ County J. " Mccullough listilleries, the old
T. l. Moore distilleIy, Mutual listery. Mad
dux distDery. ?-acock distillery. Old Times dis
tillerv Pilgrimage J. Pepper dis;illery, r. p.
Ripy 1.-TWO distilleries) Redwood dStllery, Rock
Spring Disillery Company. J. J. Ripy dstiIlery
, in Anderson County, Sour Mash cistillery. T.
II Shorl.v * Co two distcres the Miles and
the New Hoye) 4. Senior Son 7 w. Samucls
dietillery y =. Saftell. !. r. Seavey +. H.
l Taylor ir. known .. +. G. 1.-TWO distilleries),
/ William Tar. Watcinll & Frazier. James Walsh
2 4 Co. ana the Nelson County Dstiling Com
pany G~o distill sries)
Z Lew MAYER. the general counsel Of the new
! company. said tonight
The Kentucky Distilleries and Warehouse
: Company is a reality. and viii bring prosperity
10 the state Of Kentucky. where depression has
prevailed for some years on account Of the dis
cord which has existed among the distillers ~
Bourbon whiskcy. who, for a generation enjoyed
/ ! great prosperity