New-York tribune., 1918-09-20
Brisbane's Deals With
Brewers Exposed BY u. S..

every six months. V'VV' 'ao y
u, IN order to bring about the MIR.
enase OF The Washington Times | at
various times advanced Mr. Brisbane
funds through the Growing Circula.
Won corporation, u corporation which.
oeileve, is either owned or controlled
ny Mr.. Brisbane. The aforesaid funds
we're advanced on the dates and in the
amounts as hereinafter specified and
IN the following manner:
How Funds Were Advanced
III first drew a check or checks on
the account at the Federal Trust Com
pany. which stood in my name as
trustee such check or checks being
payable to the order of the Federal
Trust Company, and the Federal Trust
Company then would. in turn. deliver
to me treasurer's check of the Fed
eral trust Company. payable to bearer,
] which treasurer's checks l. in turn
delivered to Mr.. Brisbane personally.
Inc amounts so advanced to Mr..
Brisbane, and the dates thereof, are
as follows:
June 21, 1917, $4,000; June %,
August 8, 1917, s55.ooo; November os.
1917. $4,000. Total $4,000.
"A statement of the relations which
existed in connection with this trans
action are more particularly set forth
IN letter which | wrote to Mr.. Bris-
bane (Which Mr.. Brisbane himself
wrote tor Feigenspan to copy, dated
June 20. 1917, which reads as follows:
Brewers Explanatory Letter
IL write this note to define a busi-
ness arrangement existing between
MS and q number of my friends,
all Of whom am authorized to rep
vesent. have for years felt very
strongly shat the public welfare and
Your own industry because of your
we'll known convictions s-woud be
benefited by your personal ownership
OF newspaper,
capital of S50O,0o0 for the purchase
and establishment of a newspaper by
you. We have at this time supplied
$29o000, end we shall, as soon as
possible. supply the balance. namely,
S205,OOO, although DO not enter into
any legal obligations to do so on be-
half of myself or others. The under
standing of myself and my friends
with YOU, of which understanding
this is memorandum, is as fol
lows:
Details of Repayment
THE money which we gladly con-
tribute to your enterprise is to be
disposed Of absolutely at your dis.
cretion in maintenance and estab
lishment of dal, 2owspaper. 1t i,
understood tha. after a period of fiv,
years you will repay to me and my
associates. at your discretion an,
convenience. so much of the profits
as may be derived from such news
paper as may in your judgment be
taken out of the business without ir
terterlng with its proper operatio
and DEVELOPMENT. and that Won shal,
the payment of the sums contributed
other than out of such profits. 1t is
understood that no interest shall be
p@7d upon this money, our claims to
be satisfied in full upon the repay
mcnt of the principal without in
terest.
you may, of course, repay part
or all of the principal at any time,
and in any manner that you choose,
and our agreement with YOU shall
not be considered as giving me or
my associates any interest what
ioever in said enterprise. Should
you sell the paper az any time you
VIII repay to us. up to the full
amount of the principal that we may
have advanced, any sums received by
you in payment for the paper
Verified by George Ehret, Jr.
"The amounts contributed to tire
fund and out of which I made the ad-
vances to Mr.. Brisbane, and the names
OF the contributors to sucn funds, are
more particularly set forth in a letter
dated April /, 1918, which | wrote to
Mr.. Robert Grain at Washington, D. c.,
to which last mentioned letter refer
once is hereby made. The only refer
once of the foregoing Indebtedness
which | hold is d note of the Growing
! Circulation Corporation, dated June 21 i,
1917. for S300,000, upon which there
was advanced the sum of S275OO0 only
and memorandum. dated at Newark,
/ n. j., on June 21, 1917. signed by My
! Arthur Brisbane. Up to the present
date have received no payment on
account of the foregoing indebtedness.
(Signed) &C. w. FEIGENSPAN."
Attached to Mr.. Feigenspan's state
ment is the following, which is signed
! by George Ehret, jr.:
New York, July 81, 1918.
I have read the foregoing statement
/ and know the contents thereof. and
verify believe the same to be true.
Where Money Came From
The letter referred to by Feigenspan
as sent to Robert Grain, who is the
national counsel of the Brewers Asso-
citation and has an otfice at Washing
ton, follows:
'Mv dear Bob All told, | have re-
ceived the following amounts from
the following gentlcmen:
George Ehret ................... $4,000
julius Lie5mann :::...:::::::::: 3s,ooS