The Paducah weekly sun. [volume] (Paducah, Ky.) 1902-19??, 1906-09-26
In FARMERS HAN
is ASSOCIATION
State Contents of Articles OF Agree
mcnt of New Organization OF
Planters.
CLAIM IT Is AN IMPROVEMENT.

Protective association:
II is very we'll, that the new char
ter proposed for the association
should have been so thoroughly dis
cussed, both by friend and foe. before
the executive committee was called
on to accept or reject it.
1t may be conceded that the parties
who would be glad to see the associa-
tion fail. have found all the vulner-
able spots, in the new charter and
have held them up to public scrutiny
and magnified every so-called defect
hundred fold. After all that has
been written and said after circular
after circular had been printed and
placed in the hands of the rankest
enemies OF the association for dis
tribution among the farmers and to-
bacco growers, the executive commit
tee elected by the voice of the ballots
of the farmers, not thirty days ago,
met at Guthrie on last Saturday, and
unanimously adopted the new char
ter.
It is not to be supposed that the
legislative council of the association
would rush headlong into a business
proposition or enterprise without
careful and painstaking consideration.
Every fault OF which the opposition
had made note, was considered thor
oughly and without bias.
The committee mas no motive on
earth to act, save for the good of the
tobacco growers. Can the opposi-
ton to the association say as much
The public is aware that the Tobacco
Growers association, when formed
broke all presidents, and was an or
ganizatlon, the like Of which, the
world had never seen before. Pro-
vision is made the stock in said cor
poration, shall be owned by the iex-
scutive committee, each committee
man to own three shares Of stock.
That he shall pay one dollar per
share, no more nor no less, that said
stock shall not be sold to any other
party. than committeeman duly
elected by the rules of the const.tu-
ton of the association. That a re-
firing committeeman and director of
the corporation, shall sell and trans
fer his three shares of stock at par
or one dollar per share. to his success
sor in office; that this corporation
having been chartered, not for profit,
but to aid and assist the tobacco
grower in obtaining better prices for
his tobacco at reduced cost of selling,
no dividend shall be declared on said
stock. IL is further provided that
only a sufficient commission shall be
collected to pay the legitimate ex-
penses of conducting the affairs of
the association, and that in the event
the association ceases TO operate,
then the surplus. if any is to be dis
tributed, not to the stockholders, but
to the parties from whom 1t has been
collected as commissions on sales. II
is further provided that all the above
restrictions, conditions and limita-
ton, are to be placed in the face of
the certificate of stock issued by said
corporation and the stakeholder, who
purchases the stock accepts it with
the conditions therein stated.
So 1t will be seen that we have at
last reached a solution whereby the
executive committee of the associa-
tion. elected directly by the votes of
the farmers. cast at the several vot-
ing precincts, becomes the board of
directors of the corporation, and as
such. absolutely control the affairs
of the corporation. The farmer votes
for the district chairman, and the dis
trict chairmen vote for the executive
committeeman or county chairman,
who by virtue of his election becomes
a member of the board of directors,
and stakeholder in the same corpora
ton, under the rules of the new char
ter. a
The executive committee now Is,
and always has been. the law-making
power. and under the new charter
and the rules adopted by 1t, the pow
ers of the executive committee has
not been increased or abridged.
The Charter.
These are the provisions of the
new charter. every false statement
to the contrary Notwithstanding.
Whereas, The Planters Protective
Association of Kentucky, Tenness e
and Virginia was not organized for
profit to its stockholders, but solely
for the purpose of aiding the tobacco
farmers of said states to sell their
tobacco through said association. In
order TO more effectually fight a de-
preston Of prices, by the tobacco
trust
Therefore, the stockholders OF
said Planters Protective Association |
of Kentucky, Tennessee and Virginia, |
flf. IL