People's Pilot, Volume 5, Number 8, Rensselaer, Jasper County, 15 August 1895 — PROPERTY IS SOLD. [ARTICLE]

PROPERTY IS SOLD.

Whisky Trust Distilleries Disposed of Ender the Hammer. Chicago, Aug. 15. —Receiver McNulta, of the whisky trust, yesterday accepted the bid of $9,800,000 of the reorganization committee for the seventeen distilleries and their appointments owned by the trust, and thereby consummated one of the biggest transfers of property that has ever been made at auction in this country. Financial men declare that this sale, involving nearly $10,000,000, marks the largest delivery of an industrial plant ever made. The amount obtained was exactly the sum named in legal proceedings as the upset price offered by the reorganization committee previous to the efforts of interests said to be identical with those of ex-President Greenhut and ex-Director Morris to enoin the sale to the reorganization committee on the complaint that the latter contemplated nothing less than the rehabilitation of the old trust.