Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-21
Mr.. enters DENIAL.
HIs Rumored Purpose to Withdrawn Pro-
DCunCsd TO Bs Without Foundation.
AMERICAN COMPANY NOT A TRUST.
=, Is Conducted on Business Princi-
mics, Its Properties Arc uncncum-
bcred. Its Condition Is Prosperous,
and Entire Harmony Prevails.

Considerable interest was excited here
hy the report emanating from she Ne"
York World that Major Lewis Ginter'
NJ the Allen & Ginter Branch OF tue
American Tobacco Company, had de'e''
mined TO sever hts official eonnec'''"
with the company and sell out MS S'0'"
in the corporation. ,.o,
Tuesday night Major Ginter authorize
the statement. published In me -,
OF yesterday morning. that there ""' ..or
a word OF truth in the report "n." S,.,,
again Yesterday afternoon at MS ~.
rcsidence he discussed the matter ~
freely. and In an authoriz'u IN" 80
-, Iii, .,nnhaslzed the denial put s"''
some interesting facts regaru"s '"'
SANITATION Of the oompanE' 900,
81 cannot" he remarked say WY
. rocor, should have been started as II
.. ,,,e,lv untrue. ] am not seHins NY
-, ,r The company. nor have 'hy
-, ~ doing so. nor do / intend 10
.,5,,w from the directory. inc
.l-i.an Tobacco Company has enemies
- ,bcv may have supposed that such
,eoor, xould injure the company
now THE MATTER STANDS.
..yv,u Won please state what foundation
,herc Is for the report that the Alien q
Gtpter Branch Of the American Tobacco
company proposes 10 withdraw from uiat
company was asked. O..
."vhe cornpnnles. firms. and individuals,
rerlicd Major Ginter. who sold out tneir
business to the American Tobacco Com
many did so absolutely. SO there Is no
such thing as Allen & Ginter withdraw
ing from the American Tobacco company
POSSIBLE The Allen Il Ginter company
does not exist. nor has II existed for over
1--WE years, and the same applies 10 all
tho businesses purchased by the American
Tobacco Company"
How does the American Tobacco Com
uany hold its properties. ~ cor.bina-
ton OF separate corporations or firms
under an agreement to control product or
prices-that is, as trust: or does 1t own
them iiself?"
THE American Tobacco Company is a
solid corporation. II owns absolutely the
properties and business that it purchased
and operates. There is not the slightest
similarity 10 a trust in It's organization
or management"
NEVER MORE PROSPEROUS.
''Nin you state generally what is the
financial condition Of the company and
the grounds FOR the statement that Sc
rious dissensions exist in its manage
ment?"
The American Tobacco Company. now
in the sixth year OF its existence, was
never more prosperous. There are no
mortgages or claims OF any kind on its
valuable real estate in New York. Roches-
ter Baltimore, Richmond. Louisville. Dur
ham. Danville. and In the tobaccO-towns
OF North Carolina and Kentucky; nor
are there any bonds. notes, or obligations
Of any kind outstanding against the
company. Everything the company holds
belongs absolutely TO its stockholders.
The most complete harmony prevails in
the management; no dissensions of any
kind exist"
What would be the effect upon the
business Of the American Tobacco Com
rany If the suit now pending I'm New Jer-
sey 10 take away its charter should be de-
Cdod adversely to the company"
THE company would continue bus. Tess
under a charter easily TO be procured
from another State"