The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-01-19
JORDAN'S PLAN TO
FIGHT THE TRUST
Adopted by the Association of
Tobacco Men.
IT MEMT lAIITu IAIIIN0n
IT WENT WITH A WHOOP
VERY LITTLE OPPOSITION TO II.
DEVELOPED.
AN HOURS SESSION YESTERDAY MORNING
The Executive Committee Named by President
Grimes. A Meeting of North Carolina and
Virginia Tobacco Growers a
Probable Outcome.

AA9h1ONAtttASAA
Growers after an hours debate yester-
day morning adopted by practically
unanimous vote the rough draft of con-
tract to form the basis of an agreement
between the organization and capitalists
who agree to furnish money to handle
the tobacco crop when 80 per cent of the
growers of bright tobacco have signed
the contract The agreement is the same
as that formulated by the committee on
PLANS at the Wednesday night session
and, in full, is as follows:
I'VE agree to enter into a contract with
j, f. Jordan and his associates to sell
to- them our tobacco raised during the
next five years at an advance of not less
than ID per cent. over the prices of the
same grade of tobacco during the last five
years, the said price to be fixed by Il
commission, a majority of whom shall
represent the seller.
I'VE further agree to take stock with
sand Jordan and his associates, c0rpor-
alton which shall be formed for the pll1'-
pose of manipulating and disposing of said
tobacco, sold to said j. f. Jordan and
his associates to the extent of not less
than 10 per cent. of the value of our said
tobacco. The details of this agreement
shall be hereafter arranged so as to car
ry out the true intent and meaning of
this agreement. If we make default in
this agreement in any particular we agree
to forfeit to said corporation the said
stock so taken. And we further recOm-
mend for our mutual benefit THAT the far
lners of North Carolina reduce their crcp
at least % per cent. below the past years
production. We invite the cooperation
of Virginia, South Carolina and other
sections which grow bright tobacco
This is not intended as the specific com
tract that the individual farmer will be
asked to sign. 1t is merely the embodi-
ment of what the Association deems nee
esSary to offer as am inducement ito the
capitalists whom Mr. Jordan declares to
be willing to back the enterprise and is
intended only to set before the farmers,
in general terms, the essentials of the
contract afterward ITO be signed by the
individual farmer.
On this plan it is the purpose of the
association to "appeal to the country.
Organizations Will be perfected in, every
township and county of the tobacco sec
ton in accordance with the plan of or
ganization adopted. The contract will
be discussed and the tobacco grower
familiarized with its main features. When
the requisite 80 per cent have agreed to
sign the contract then a State conven-
ton will be called, delegates will be sent
mp from the county bodies in the regular
way, and the State convention will name
committee to confer with representa-
tiyes of the capitalists and with them
q definite contract will be formulated
and agreed upon, submitted to the con-
vention and ratified. This contract will
then be submitted to the individual to-
bacco growers and when 80 per cent have
signed it the organization will be per
fected and the capitalists on their part
will put UP the money necessary to handle
the tobacco crop.
1t was the sentiment of the association
!. yesterday that the work of organizing in
the counties and townships should begin
at once and should be vigorously pushed.
it is expected that at some time during
the year a joint meeting of the tobacco
growers of North Carolina and Virginia
will be arranged that all growers of bright
tobacco may be brought irto harmony
and may unite ON one plan of opposition
to the American Tobacco Company
President J. Bryan Grimes named the
following as members of the State Exec
utive committee of the organization from
the several judicial districts of the State:
1-COl. II. w. Wharton.
DIR r. II. Speight
3-R. III. Kicks.
Al. III. Knight.
5-Col. w. l.. Kennedy.
7.-Col T. II. Toon.
S-W. J.. Bouldin.
9-Dr. Elias Fulp.
The members from the TO- II and II
districts will be named later.
The Association adjourned ut 1870
subject to the call of the president