bunghole wrote:...So in the case of E.H. Taylor, Jr. all I've ever read is glowing accounts of his accomplishments ... This whole thing makes Taylor look like a shady character that is dishonest in his business dealings
What? A whiskey dealer who might have used deceptive business tactics? NO! How could that be? Why, he was close friends with high-ranking officials of The Government. What more proof of his integrity would a reasonable person want? Surely you're not calling into question the character of career politicians? What upright, righteous profession will you so insensitively attack next? Horse traders?
Humorous sarcasm aside, "creative" accounting practices and direct political influence were as popular then as they are today, and a lot easier without the prying eyes of a Securities and Exchange Commission. I had always understood that Edmund Taylor and George Stagg were involved, jointly, over many years with several distilleries in Franklin, Anderson, and Woodford counties. Only a very small part of their activities show up in official documents, and even there they appear disjointed and confusing. In general, they were rarely if ever listed as legal partnerships, but rather one would "own" the business while the other acted as an employed "manager". I have the impression that which one was which probably changed often, depending on who was being sued or threatening to file for bankruptcy at a given time.
One good thing about books is they can always be revised and reprinted
Why Linn Bunghole Spencer, you ol' revisionist you!