The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1900-01-25
TOFIGHT THE TRUST.
Tobacco Planters Adopt Jordan's
PIan-The Executive Committee
A Meeting of Nort. Carolina and
Virginia Tobacco Growers Probable

Outcome.
| RALEIGH, Jan. 19.-The State AS
| ISOLATION OF Tobacco Growers after an
| hours debate yesterday morning
adopted by practically unanimous
vote the rough draft Of contract to
form 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 COM
mittee on plans at the Wednesday
night session and. in full, is as fol-
| lows:
I'VE agree to enter into contract
with J. +. Jordan and his associates
! to sell to them our tobacco raised
in the next five years at an advance
not less than 10 per cent. over the
prices of the same grade of tobacco
during the last five years, the said
price to be fixed by commission, a
ma jority of whom shall represent the
seller.
I'VE further agree to take stock
with said Jordan and his associates,
a corporation which shall be formed
for the purpose of manipulating and
disposing of said I)bacco sold to j. +.
Jordan and his associates to the eN-
tent of not less than Is per cent. of
the value of our said tobacco. The
details of this agreement shall be
hereafter arranged SO as to carry 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 recommend for our mutual
benefit that the farmers of North
Carolina reduce their crop at least
26 per cent. below the past years
production. We invite the co-opera-
ton of Virginia, South Carolina and
other sections which grow bright to-
bacco."
This is not intended as the specific
contract that the individual farmer
will be asked to sign. 1t is merely
the embodiment of what the AssLcia-
ton deems necessary to offer as an
inducement to 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 to be signed by
the individual farmer.
On this plan it is the purpose Of the
Association to appeal to the coun-
try Organizations will be perfect
ed in every township and county Of
the tobacco section in accordance
with the plan Of organization adopt
ed. The contract will be discussed
and the tobacco grower familiarized
with it's main features. When the
requisite 80 per cent. have agreed to
sign the contract, then State con-
vention will be called, delegates will
be sent up from the county bodies in
the regular way, and the State con
vention will name a committee tC
confer with representatives. Of the
capitalists, and with them definite
contract will be formulated and
agreed upon, submitted to the con-
vention and ratified. This contract
will then be submitted to the individ.
ual tobacco growers, and when 80 per
cent. have signed it the organization
will be perfected, and the capitalists
en- their part will put up the money
necessary to handle the tobacco crop
1t was the sentiment of the Asso-
citation yesterday that the work OF
organizing in the counties and town
ships should begin at once and be
vigorously pushed. 1t is expected
that at some time during the year !:
joint meeting of the tobacco growers
of North Carolina and Virginia will
be arranged, so that all growers O
bright tobacco may be brought into
harmony and may unite on a plan O
opposition to the American Tobacco
Company.
President Bryan Grimes named the
following as members of the State
Executive Committee of the organi
zation from the several judicial dis
tricts of the State:
Col. r. w. Wharton.
DIR. X. H. Speight
3-R. H. Kicks.
III. ii. Knight.
5-W. j. Groome.
Col. w. l.. Kennedy.
Col. +. F. Toon
S-W. l.. Bouldin.
9-Dr. Elias Fulp.
The members from the 10th, It'll
and 18th districts will be named later
The Association adjourned subiec