In 1872 George C. Buchanan was accounted the largest distiller in Kentucky, operating no fewer than three major plants capable of mashing 4,885 bushels of grain and producing 500 barrels of whiskey a day. Twelve years later, forced to sell at auction a mansion he had just redecorated, Buchanan made headlines as the “Bankrupt Whisky King.” Undaunted, he revived his fortunes and his reputation as whiskey royalty.
According to one author, Buchanan, with his brother, Andrew, began their business careers as wholesale grocers. They moved into distilling about 1870, with George credited with buying and building three major distilleries in Louisville. They were known as the Anderson Distillery (RD #97), shown above, the Buchanan Distillery (RD #353), and the Nelson Distillery (DR #4), adjacent to each other in Federal taxing district #4. As noted earlier, the three plants had the capacity for producing whiskey amounts second to none in Kentucky.
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The Buchanan Distillery produced a heavy-bodied, hand-made sour mash whiskey that could be blended but when aged became deeply flavored and had a fragrant bouquet. The Nelson Distillery produced a mash of 80% rye and 20% malted barley that was labeled as “Nelson’s Pure Rye.” It also made “Nelson’s Pure Malt,” composed entirely of barley malt and stored it in both charred and uncharred barrels. Another featured brand was “U.S. Club,” whiskey that was used for both rye and bourbon blends. It also marketed what the owners called “a quick maturing whiskey,” aged only three or four months. A relatively cheap drink, it had a substantial customer base.
The overall company was known initially (1871-1875) as Newcomb, Buchanan & Co. George Buchanan was president. In 1876 and 1877, the distillery outfit reorganized with similar management and a slightly altered name. Along the line the Buchanan built the Greystone Distillery, later known as Elk Run.
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By 1884, however, Buchanan was bankrupt and the Louisville Courier-Journal speculated that he might have been “on the lam.” The paper called him “a sort of Napoleon of the liquor trade.” It added: “All his operations were colossal, and his successes or failures were pitched on the most splendid scale.” When he had promised earlier to pay his enormous debts, people had believed him. Now he was bankrupt and missing. It was whispered to be a case of fraud. But Buchanan’s friends knew where he was and he quickly returned. He had assets. There were at least 67,000 barrels of whiskey in Buchanan’s warehouses. Some 3,000 were slated for removal subject to $8,000 tax, equivalent to $375,000 today — an amount the distiller could not raise. In the end, Buchanan was forced to put his distilleries into bankruptcy. His mansion and its furnishings went too.
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This publication also gave Buchanan an opportunity to pontificate on Kentucky whiskey: “A standard Kentucky Whiskey is the best and safest beverage in the world, and especially suited to the American climate in which a stimulant of its specific character is a necessity.” He ended this screed with a warning to Kentucky distillers and dealers to be “satisfied with a legitimate profit” so as to encourage the “cheapness at which they can be afforded” and thus increase sales. He also strongly advocated lowering Federal taxes on whiskey.
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According to Kentucky tax records, the firm subsequently became known as the Allen-Bradley Distillery and operated under that name until about 1914. The property subsequently was known as the Elk Run Distillery before the entire complex was shut down by National Prohibition. During the “dry” era the warehouses were under Federal supervision and used to store medicinal alcohol. A flood damaged large steel tanks on the property that broke loose and demolished several warehouses. All but one of the distilleries then were dismantled, most buildings were razed, and the property became a scrap lot.
By that time George Buchanan had largely disappeared from the public record. He seems to have eluded the census taker throughout his life. He is, however, worthy of a final word. His mansion, now part of a university campus, still bears the Buchanan name and is listed on the National Register of Historic Properties. In the official narrative that accompanies such designations, the Whiskey King is described, quoting one of his contemporaries. The quote makes a fitting conclusion to Buchanan’s story: “He was a liberal promoter of public improvements and a generous contributor to charities that administer to the helpless…” [but nevertheless] “…retained a very ample supply of this world’s goods.”
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