Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-20
REPORT NOT CREDITED HERE.
Not Believed That Major Ginter Will
Omit the American Tobacco Co.

Not Believed That Major Ginter VIII
Omit the American Tobacco Co.
Few items that appeared In the New
York World Of yesterday were read here
with more interest and surprise than the
following:
"a report that Major Ginter had ex-
pressed a determination to retire from
the American Tobacco Company. OF whicn
he is now one of the largest stockholders,
was current In financial circles yesterday.
Major GInter was for years the leadinB
member of the firm Of Allen e. Ginter be-
fore IL became a part Of the American
Tobacco Company. II was well known
at the time OF organization that he was
opposed to entering the trust.
"a dispatch to the World from RicD'
mond, va, last night stated that Major
Ginter could not be seen. and that
Thomas Jeffress, secretary OF Allen q
Ginter Branch, denied the report. The
dispatch also said that 1t had been mat
ter OF gossip In tobacco circles for some
time that Major Ginter was going to re-
tire.
There was another rumor yesterday
afternoon that Francis kinney, OF the
Kinney Brothers Branch OF the Ameri-
can Tobacco Company. would also with.
draw from the concern. MIR. kinney couio
not be found last night
II Is not believed here that there IL
any foundation for this rumor. Whatever
may have been Major Gnter's preferences
about the formation of the American
Tobacco Company, IL Is the general opin-
ion that ne is now very well satisfied
with the condition OF affairs. He mas
not been at his Office for a week or two,
but Mr.. John Pope. his right-hand man.
when seen by the Dispatch man, declared
that the rumor was absolutely without
foundation. How can he withdraw he
asked of the reporter. and, continuing.
answered his own question by saying ne
couldn't II he would" Secretary Jehress.
of the Allen & Ginter Branch. said ne
had heard nothing Of the alleged pur-
pose of Major Ginter to withdraw from
the company. and he did not countenance
the rumor at all. At the Kinney Branch a
similar statement was made.
Major Ginter was seen late last night
at his residence on west Franklin street.
and pronounced the Worlds story to be
entirely false.
Secretary Arcnts' Denial.
NEW YORK, February l9.-Rumors
have been circulated recently to the effect
that Major Ginter OF the firm OF Allen X
Ginter. and Francis Kinney, OF Kinney
Brothers, two of the largest stockholders
In the American Tobacco Company. were
about 10 withdraw from the company.
At the Offices of the company In this city
the truth OF the rumors Is emphaucally
denied. George Arents, the treasur-r OF
the company, said to a reporter or the
United Press: II have not heard word
about Major Ginter's intention OF retir-
ing. neither do | believe he has such In
tention. lie is a director in the company
and although he was opposed TO ths
formation OF the trust. he was not OPP
posed to the formation of n Legitimate
tobacco company. and has been one OF It's
main supporters. Francis Kinney is mol
director. but a stockho.der. and / am
sure that he has no intention of retiring
take no stock whatever in these ru-
mors, and believe they have been circu-
lated more through malice than from any
truthful impulse"