Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-03-10
THE WHlrLock SALE CONFIRMED
Deed OF Conveyance Recorded-The Terms.
What Is Thought of II.

| Nhh' - ahoeEhh ~ ~"
p. Whitlock's extensive cheroot-factory
in this city is now the property OF tho
American Tobacco Company.
| A deed of bargain and sale from hr:
| Whitlock and wife to the above-named
| corporation was admitted to record yester-
( day in the Chancery Court. This simply
conveyed the factory building at the north
east corner of Franklin and Twentieth
streets. the nominal consideration being
one dollar.
The report which had currency last week
/ was that Mr.. Whitlock was TO receive
$500, 900 for his plant and salary of Sl0,-
600 per year for managing il.
| Mr.. Whitlock told DISPATCH reporter
yesterday that the matter was AL set
Piled" and that the report as published
heretofore was correct. The new arrange
ment extends back to the commencement
| of this years business.
| Payment 1t is understood, was made
| 100000 in cash and the remainder $780,
corded yesterday was dated March 5th.
THE TRADE SOMEWHAT EXERCISED.
The Trade in Richmond, since it became
known that this deed had been effected,
has been III q state of expectancy for fu-
ture Developments which might result in
the purchase of other valuable tobacco
| properties.
| Yesterday o reporter of the DISPATCH
visited the Tobacco Exchange TO have a
| talk with some of its members and ascer-
| tain what might be the bearing of the late
purchase upon the Tobacco Trade of Rich
mond.
The first gentleman interviewed said /:
Il anticipate no material effect upon
| the market, although it looks upon the
| face like tending to a great monopoly, and
\ knnx rho t1f1hlip hQQ aversion tn
monopolies A.; as much 80 to one in tobacco,
which is one of the luxuries of life, as to q
| bread deal. which latter article IL the
staple of life. These American people
will have to come into the market like
other buyers to get their tobacco and
other material. They will be on common
footing with others, and if they have more
money than the general buyers, l
cannot, like some of my brothers
| chase will be detrimental TO the trade
in the least. although it has been said by
some that this company will have only one
buyer here. and that he will not buy from
q broker or commission merchant as long
as he can get q pound from planter or
man not regularly in tho trade. Of course.
| if this were true it would destroy the
business of all intermediate parties. The
American Tobacco Company buys mainly
| tlEiEtllt anu lOUdCtO-NntN arc
not supposed to be buyers of Burleys or
plug-tobacco wrappers.
WILL NOT CHANGE THE TRADE.
THE fact of the purchase will not
change the trade here. the system will be
the same. as the identical men will be re-
tanned in their employment as managers
and employees at good salaries. So indi-
| vidally, so far as | can see, there will be no
| 1anark,rra II might oIan ftnaQihlu no
injurious TO the small dealers, who are
| middle men,"
Another gentleman approached said he
thought this purchase would be TO the in.
Jury of the trade. He judged by the past
| policy of the American Company, which
was to buy from the planters directly and
not from brokers-witheut the competi-
ton of the brokers buying for outside
markets, this American Company would be
in position, he thought. to buy from tn.
planters on its own terms, which would
soon ruin the planters and cause much less
tobacco TO be cultivated. The movers OF
this scheme are long headed and have long
purses, and no one can with certainty know
their aims.
REcKoNED WITHOUT THEIR HOST, PERHAPS.
But perhaps after all" continued the
speaker. the company may have reckon
| tU WITHOUT llS uOoL huu tllS llog hOb Ot aA
opportune time at which TO force fight.
| They may meet with a combination with
as astute minds at its head as they have
engineering their enterprise. and VINO con-
troll perhaps as much capital as them
selves. The Alliance people have already
taken the initiative step, and may
make an opposition they have not count
ed upon. border grange met in
Danville about ten days ago and appointed
20 Nar nit hnf fID.h
Trade looking to cooperation with them
in startinga cigarette factory In opposition
TO the American Tobacco Company in
order to protect the planters interest IN
tobacco-raisng. II is now thought they
have secured the BOIL cigarette-machine,
which has been completed recently. West
ern planters have taken similar action IN
establishing warehouses"
NIB. DIBKELL's VIEWS.
Mr.. William f. Dibrell, leaf-tobaoco
broker and editor of the Southern Tobacco
aist. said: THE sensation caused by the
late purchases by the American Tobacco
Company of three leading factories extends
10 ell the tobacco trade of the country.
With Mr.. Benjamin Duke at its head and as
organizer this company OF S25 25,OOO,OO0 eapL
tai, organized year ago, was composed OF
the following firms absorbed IN the cigar
| eLLe OuSlntsbs Attn u
Va: Kinney Brothers and Goodwin q Co.,
of New York city; w. s. Kmball Il Co., ol
Rochester. n. Y; Duke, Sons d Co, oi
Durham, n. c., and New York, whose
agencies extend over the whole world. Tc
this combination are now added Finer
Brothers plug-factory. of Louisville, KY.
the National Tobacco-Works of Phuyst
Overhoefer & Co., of the same place, in
plug, and the P. Whitlock cheroot-factory
of Richmond, Va.
"The results of the present cigarette
movement is almost certain TO result IN tne
formation of most formidable opposition
Whatever may be the present aspect and
intention of the American Tobacco Com
pany, the leading large factories of the
country will not tamely submit to such
growing power that may at no late doy ac-
guire supremacy over them. Small manu-
facturers are now stimulated to increas'
their facilities and capital and the popu
larity of their output, and local combina
tions will result. No individual of ordi
nary capital and facilities can expect tC
successfully compete with such opposi
tion in leaf or manufactured seem TO bt
the almost universal sentiment OF TIT
trade"
THE HENRlCo GRAND JURY.