The Hartford republican. (Hartford, Ky.) 18??-1926, 1907-07-26
LOUISVILLE WARE
HOUSE COMPANY
VIII Seu Controlling Interest
for SO a Share.
Accepta&e Depends on Kentucky
Bursey Society. Which Will
Take it ur August 20.

Fur about s600,0Co the National To-
saooa Growers Association can pur-
chase a controlling interest in the
louisville Tobacco Warehouse Com
paJM and establish IL on co-opera-
tive basis. The directors of the ware
hopse have agreed to sell the associa-
tiop g controlling interest, or fifty-one
shares for $40 a share, and the Board
OF Lipsctors Of the National Tobacco
Growers Association has been given
until October 10 accept the propo-
s,I0n.
ghe decision TO sell a controlling
Interest 10 the planters came after a
conference of sewn hours on Thurs
day of hast week with the tobacco
growers and the directors OF the Lou
isvjlle Tobacco Warehouse. The meet
ans was held IN the Board Of Trade
building, louisville, and was attend
ed by all OF the directors Of the ware
house company and nearly every mem
Der Of the Board of Directors Of the
National Tobacco Growers Associa-
diOn.
There are some doub. as TO whether
the plan proposed will meet with the
support o. the growers. \ member
OF the associa ion said:
"When the proposition Ct me Lou
dsyile Tobacco Warehouse Company
to the American Society Of Equity
was read, counter proposition was
presented. This was to the effect that
the warehouse company pay . cents
n pound on ;he tobacco wnen IL Is
delivered to II, the remember to be
paid when a minimum price Ct l.
cents q pound is received for the to-
bacco. Tie warehouse company can
take off a certain percentage as cost
of storage.
IT was further proposed tna-, IN
ssiead Of paying cash and buying the
common stock outright, that the TO-
ncscco growers, should be allowed TO
6eep their money for working tobacco
sections and pay for the stock out of
The proceeds of the sales. The Ken
'iuclIy Burley Tobacco Society at pres
rent has in It's posse ssion 90,OOO,OOO
pounds of tobacco of the 1906 crop.
By January they will have about 2OO,-
900 900 pounds of hurley tobacco. They
ask that the warehouse company fur
.nish $10,000,000 upon the receipt of
the tobacco. When the tobacco is sold
let il take eff a cer,aln percentage
ito pay for the common stock. In
this manner Jneir funds would not be
drained by purchasing re stock"
The warehouse company VIII take
this plan under conside a-iCn, Il is
said, while the Burnley D.s'nct Com
IHiitee will consider the proposition
VI the warehouse company. wien de-
apands a cash payment for tae II per
cent. Of the common sock.
AS the Green river disl.ct and the
4stemming dist-ic. have made arrange
qnents already Tor storing ne crop Of
1907, it depends upon Inc Kentucky
Burnley Socie-y 20 say whether or not
the proposition will BE- accepted. a !
committee OF s.X mas been eppoin'ed (
10 lake W the mater and re-
port on the proposition a. f.e resu-
lar monthly meeting, which will BE-
ndld Al WincI ester IN Angus, %. Tna
committee is composed Cf he follow
ing: Charles Lebus, Gym mana; j.
n. Bascom. Soarpsbug: c. 5. Will
liams, Versailles: &. w. McMllar,
A'almouh;S. +. Prewi.,, Wi2cnes. er, .
and X. y. Thomas, Georg own.
il is the general opinion among the
tobacco growers Of me Safe that the
National Tobacco Growers Association
viii not sccp, ne offer % buy a con-
roll ~ intere,t in the Louisville To- /
Dacco Warehouse for so a share. They
.hiA- hat j, Is mucn more likely ina, /
he dec SION will be 10 build or lease
warehouses in the various county seatf
- tgo counties winch produce large
quantities Of tybaccu. Af'er he crop
has Ga,n stored IN lnese warehouses the
growers say tley can Issue tneir own
warehouse rece.ps ard realize money
enongh TO finance t-elr crops without
depending upon he banks IN the large
ec!tes
'rl,,.,-,v,a, ,f ,.-,,Ia ove daily st1f-