The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-08-23
PROTEST. OF
The FARMER
Plan Adopted to Circumvent
American Tobacco Co.
INDEPENDENT FACTORIES
Feeling Speeches Made that Were re-
ceived With Enthus|asr1-State
Treasurer Grimes Says Farm
ers' Action viii Relieve.
fsnac,a, Is The Times Dispatch.)

(spec,al to The Times Dispatch.)
RALEIGH, N. Gu Aug. 22,-Raleisl
tobacconists who attended the Rock:
Mount tobacco meeting yesterday de
clared that the steps taken there arc
Ina right direction II the movement i
only pushed to contamination.
A synopsis OF the resolutions In full a
adopted, setting forth plan OF co-ope
ration against tho trusts was given II
last nights special to The Times dis.
patch.
THE SPEAKERS.
Among the most prominent and forci-
Die speakers during the day were e. l..
1)a,ghtridge. OF Edgecombe; Cutchin, or
Wilson; j. o. w. Gravely, j. j. Laugh
,nghouse. Colonel j. S. Cunningham, Rev.
DR.. H. l.. NASH. 3. II. Bum. isaiah
Carver, Of Nash; WE. Parker. OF Hail
fax; DR.. Graves. Of Wilson; FRANK
Stronach, of Winston; O. l.. Joyner, OF
Pitt.
Mr. isaiah Carver OF Nash, struck a
popular chord when he declared the price
of tobacco will be raised. but when 1t
comes don't allow yourself to be lurcd
away by 1t from the goal toward which
vol, have started. You needn't take ANY
promises from the American Tobacco
Company. Let us not abuse any trust,
for we are here to organize trust our
selves, but let us be more Just tiian
others. We will not need a president
for our enterprise who draws salary
of fifty or seventy-fivc thousand oollars
n year.
We have the best brains In the world
willing to work for ten thousand year
and think the salary amply large
WILL BE EFFECTIVE.
Secretary Of State J. Bryan Grimes,
who Is one of the largest tobacco rnlsers
In Eastern Carolina, and took special IN
terest in the great meeting OF TOBACCO
planters and business men at ROCKY
Mount Friday. said this morning that
Il the Rocky Mount meeting was a great
and very enthusiastic gathering; that
the plan adopted will give ultimate re-
lief and much immediate help in higher
prices of tobacco, but Of course 1t will
take several years to successfully com.
pete with trust which has cntrenched
itself for years and has millions at its
command
He says the organization OF ndepcnd-
ent stock companies in various tobacco
sections will do much to raise prices q t
this time. Buyers for these corporations
will 90 OH the markets and take IN to-
bacco when prices bid arc below cost
Of production, have 1t dried and stored;
they will also establish a warehouse
money to planters storing 1t.
FARMERS no TAKE STOCK.
Many farmers will take stock by con,
tributing tobacco instead of cash. With
tobacco bought at present low prices the
stockholders in these corporations Will
realize handsome profits, because bought
below the cost of production. and no
staple crop can stay SO low If tobacco
does not materially advance in price
from what it Is now, many farmers Will
abandon its cultivation. This Of itself
will cause a ma terial advancement, so
that companies holding tobacco can sell
what they have on hand at handsome
profit. They can, If found desirable
manufacture tobacco and compete with
the trust, because their raw material
cost less than the tobacco the trust now
has on hand Factories will be estab-
lished at actual cost. and there will be
no dividends on watered stock.
The public sentiment will give such
patronage for these goods as Will IN
sure success If managed In an intelli-
gent, business like way.
COMMAND CONFIDENCE.
The companies. says Secretary Grimes.
will organize under similar charters and
be controlled by the best business men
in the respective communities, who will
command the confidence of their neigh
bors and. II successfully operated this
year can In future command all INC
capital they desire.
Being on the same pan OF organiza-
ton, these local enterprises can merge
at any time II their best interests re-
qulre It. Sentiment all over the State
win be so strong for independent goods
that the output will be sold without diff
flculty.
1t is to be hoped. says Mr.. Grimes.
that other tobacco growing States will
fall in line with this movement or SINH
lar action by them would to large cx-
tent break the power OF the trusts.