The Birmingham age-herald., 1918-09-20
Palmer Names 15 Brewers
 Who Aided Brisbane in the
 Purchase of Newspaper
Continued from Page one)

 ter from Fiegenspan to Robert Grain, whose office is in the building which houses MT Brisbane's Times, detailing the distribution of tte $407,500 loan. It was divided this way:
 George Ehret. s50,o0o; c. Feigen span, $25,000; Julius Liebmann. ss5,- 0oG: J. c. c. Hupfel, $750o; Jacob Rnp- pert s50,000 Joseph Eulplein, s50,00O, Edward Landsberg, S15,00t; Reuter- &i Co, s15,000; A. J. Houehton Co, sl0, 900; William lJamm, s10,000; G. Pabst, $50, 900; Fred Miller Brewing Cc., $15,- 900 dhis sum was allotted among five individuals at s3000 eacn); c. schmidt & Sons $5o00 r. A. Poth & Sons, $15,- noO: Eersner X Isngel $10,000; United States Brewers association, S30,e00; United States Brewers association (Adv), s25,o00: a total of s407,500 Of this sum, Feigenspan's letter stat ed. $575. 5.00o was advanced to the Grow ing Circulation corporation. Mr. Eris- bane's published statements place the sum he borrowed through Mir Feisen- span at this amount
 Mir. Palrner's documents quote the corporation directory for 1917 as de- scribing the Growing Circulation cor poration as being capitalized at $10,000, having offices at 140 Nassau street, New York city, and having among it's directors William A. DeFord, one of William R. Hearsts lawyers; John T, Sturdevant and Thomas McEntegart. COURSE OF LOAN The course of the loan, as it appears to be shown by documents, the origi- nals of which Mir Palmer states are in his possession, shows first six checks drawn on the Federal Trust company by c. w. F'eigenspan, trus- tee rayable to the order of the trust company, aggregating $400,ooo, and drawn between June 21, 1917, and Jan uary 25, 1918. There also is check for s25.o0o drawn by Feigenspan as , trustee to Grain. Then follow five drafts by the Federal Trust company on the American Exchange National bank, payable to bearer. aggreEating $375,00 They were indorsed to be paid to the order of "A. Thursby Growing Circulation corporation, per L. B. Krause, vice president. For de- posit pay to Equitable Trust com pany."
 GA Thusby.' says MT. Palmers an nouncement 'is evidently Alice Bris- bane, whose address, according to the record at the Equitable Trust company, is in care of Arthur Brisbane, 23S Will liam street."
 1 The documents then show note for s3O0.o0O, dated June 21, 1917, payable 1 five years later to Feigenspan as trus- tee and executed by the Growing Cir culation corporation. This Is followed by a receipt to Feigenspan. executed by A. Brisbane. acknowledging $260.000. Ito be used in the purchase of MT. Nun sey's newspaper in Washington by me-" The remaining $4O,000 was to be paid later.
 FEIGENSPAN STATEMENT | The documents then include a state- ment by Feigenspan. dated July 30 1918, which says:
 ] During the month of June, 1917, to the best of my recollection, the mat ter of the Washington Times became of mutual interest to MT. Arthur Bris- I bane and a number of brewers. MT. Brisbane, as l have been informed by him, had an option to purchase the 1 Washington Times from MT. Frank A. Munsey for sum which l recall as be- ing $6O0,000. The terms of this sale. as recall thstn, were that $250,00O was to be paid down, the balance to be paid | in installments of $50.000 each and ev- hery six months
 l Tn order to bring about tho purchase of the Washington Times, I, at vaRious times, advanced Mir. Brisbane funds through the Growing Circulation cor ] poration, corporation, which believe ise either owned or controlled by MT. Brisbane. The aforesaid funds were ad- \ vanced on the dates and in the amounts as hereinafter specified in the follow Il ing manner:
 l ''I first drew check or checks on the laccount at the Federal Trust company ] which stood in my name as trustee such lcheck or checks being payable to the order of the Federal Trust company and the Federal Trust company then
 in turn, would deliver to mo treasur- er's check of the Federal Trust com
 pany. payable to bearer, which treas urer's checks I, in turn. delivered te
 Mir. Brisbane personality"
 READY TO MAKE LOAN
 letter from Brisbane to Feigen'
 span defining the terms of the loan il