The New York herald., 1922-12-28
SECURITIES At AUCTION.


NOTICE IS HEREBY GIVEN that under
and pursuant to the power of sale given 10
the undersigned. Bankers Trust Company,
New York Corporation. having It's principal
ottice at NO. ~ Wal! street. New York City.
Il certain mortgage indenture deed OF
trust dated September 1sth. 1902, executed
py Distillers Securities Corporation. now
Y. s. Food Products Corporation Ga New
Jersey corporation) TO The Mercantile Trust
Company, and TO which said Bankers Trust
Company Is successor trustee. the UNDER
signed Will sell IN one lot at public auction
on the 9th day OF February, 1923, at twelve
thirty o'clock p. M. OF that day through
Adrian II. Muller and Son. q the Exchange
Salesroom, Nos. 1916 Vesey street. Borough
Of Manhattan. City and State OF New York.
the following described property
46OO9l shares of the common capital stock
OF the Distlling Company OF America, a
New Jersey corporation
li,ilols shares Of the preferred capital
stock OF the said Distilling Company of
America.
5000 par value of scrip of common capt.
tai stock OF said Distilling Company of
America, evidenced by certificates of
Central Trust Company of New York.
now Central Union Trust Company OF
$50 par value of scrip OF common capital
stock OF said Dstilling Company OF
America. evidenced by certificate of said
Distilng Company OF America.
SOS IA par value OF scrip OF preferred capi-
tai stock of said Dlstilling Company of
America. evidenced by certificates of
Central Trust Company of New York.
New York.
s95 par value OF scrip of preferred capt.
tai stock OF said Distilling Company OF
America, evidenced by certificates of
said Distillng Company of America.
Tie name OF the owner or party for whose
account the above described property is now
held is the u. S. Food Products Corporation,
above named
The property. above described. so offered
for sale. was assigned. deposited and pledged
with the Mercantile Trust Company as trus-
tee, to which the undersigned Is now sue
cessor trustee, by said Distillers Securities
Corporation, now n. s. Food Products Cor
poration Ga New Jersey corporation)
curity for an issue OF sl6.00 900 par value
of First Mortgage Twenty-Five Year Five
Per Cent Convertible Gold Bonds of said
Distillers Securities Corporation now L. s.
rood Products Corporation, dated September
Is. 1907. interest payable April LIST, and
October LIST In each year. issued under said
mortgage indenture or deed OF trust dated
September Is. 1902, and OF which bonds
now outstanding $5.s42 900 I'm principal
thereto. maturing April lst. 1922. and sub
sequent thereto. The principal of said bonds
has been duly declared to be due and pay
able. and for the payment OF said bonds.
with accrued interest at five per cent per
annum from October 1st. 1921, 10 the date
OF sale and the expenses OF this sale such
property win be sold TO the highest bidder.
The sale will be for cash. ten per cent at
tho time of sale and the balance on or
before one O'Clock in the afternoon of the
following day, except that, as is provided
trust. the purchaser purchasers, for the
purpose OF making settlement or payment
for the property purchased. shall be entitled
10 apply toward the payment of the pnr-
chase price. any bonds secured by the said
mortgage indenture or deed OF trust and
any matured and unpaid courons and in
tercst to the evfNnt OF the Value of such
bonds and coupons upon distribution
among the holders thereof Of the net pro-
ceeds of such sale, after making the de-
ductions allowable for the costs and OK
penses OF the sale. and otherwise as per-
missi under the terms OF such mortgage
lndenture or deed of trust.
No bid viii be received from any person
or corporation who which shall not have
qualified previous to the sale by deposit
with the auctioneer OF $4,000 in principal
face amount OF said First Mortgage Twenty
five Year Five per cent Convertible Gold
Bonds OF said Distillers Securities Corpora
ton with all unpaid coupons attached. or
a like amount In cash. which bopds or cash.
as the case may be- will be forthwith re-
turned at the close OF the sale TO any un-
successful bidder making such deposit.
For the purpose of this deposit. certified
check on any bank or trust company OF the
City OF New York having capital and
surplus equal 10 or IN excess of 81 ,000,0OO
will be received cash.
Dated New York. December 2Sth 1922.
BANKERS TRUST COMPANY
AS SUCCESSOR TRUSTEE
To MERCANTILE TRUST COMPANY.
BY HENRY. +. WILSON. Jr..
Vice President.