The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1907-06-12
PROPOSITION
Made By Beard & HensIey TO
Tobacco Growers For Re-
handling 1907 Crop.

This agreement made and entered into this
-. 1907, by and between b. +. Beard, VIM
NJ. Hensley. c. L Beard, NJ. II. Beard, as
ISOLATED together under the firm name Of
Beard & Hensley, Of Hardinsburg, Brecken-
ridge county, Kentucky, OF the first part
the Bre ,kenridge county division of the
American Society OF Equity, acting through
It's committee, composed Of John f. Monarch,
w. Ball, W. DeJarnette and Gid p.
Miller. hereinafter called the committee of
the second part: and the various individ-
uals hereafter SHINING this instrument, here
matter designated as the Growers, Of the
third part.
WITNESSES AS FOLLOWS.
The American Society of Equity is an as
ISOLATION Of persons for the purpose Of mar
keting their farm products at an equitable
cost and remuneration.
The firm Of Beard & Hensey is associated
together for the purpose Of handling, storing
and prizing tobacco, and advancing "a per-
ccntage OF the value OF the tobacco TO the
grower
The growers are the individual members of
the American Society of Equity, and others
engaged in the growing OF tobacco, and for
the purposes OF this instrument are those
who shall pool together their tobacco grown
i'm the year OF 1907.
The purposes OF this contract are 10 enable
the growers to pool together their tobacco,
grown in the year of 1907. to have same re-
handled priced and stored, and to have
money advanced to them on same,
Now in order to carry out these urposes
Beard & Hensley agree to receive from the
growers their tobacco grown in the year 1907.
n MIN ola ~ n
and prize in good keeping condition, the
manufacturing tobacco, to redry and prize
the trash and to prize the nondescript
grapes.
Beard & Heusley agree to handle and prize
said tobacco in such manner that all tobacco
delivered to them by the growers in sound,
sweet condition, shall keep and open up In
sound sweet condition, and that no tobacco
handled by them snail be damaged by neglect
or through their fault.
Beard & Hensley agree to keep from each
package type sample, to so mark and den
tify each sample and package that 1t may be
easily identified, and keep said type samples
I'm a safe condition at Hardnsburg, KY
All tobacco pooled and handled at Har-
dlnsburg, Beard & Hensley agree co deliver
free on board cars at Hardinsburg or at the
the comm ttee. All tobacco pooled at other
points on the railroad. Beard & Hensley
agree to deliver free on board cars.
nhere tobacco is pooled at points away
from the railroad, and freight by wagon
necessitated, the expense of this WAGON
freight in excess Of II cents per hogshead,
must be borne by the grower.
Beard & Hensley agree to store free OF
charge all tobacco delivered TO their storage
house at Hardinsburg, KY, until November
/, 1905.
Beard & Hensley agree to store all tobacco
de livered TO their storage house at Hardins-
burg, at the rate of Is cents per hogshead per
month from the first Of November. 1905, until
tobacco is sold or removed.
Beard & Hensley agree to provide all nee
essary material and labor for the purpose OF
handling and storing said tobacco, and to
rent suitable houses at vari US convenient
points in different sections OF the county,
and TO rent houses at such points as shall be
required by said committee.
But, it is agreed and understood that the
portion OF the pooled t. bacco which is grown
in the Hardinsburg Magisterial District shalt
be delivered to the points and hou Ies selected
by Beard & Hensley, at least to the extent OF
proDortioning the quantity of Tobacco de-
lvered to each house t. the capacity of the
house.
Beard & Hershey agree to advance to he
growers fifty per cent. of the value OF said
tobacco at the time said tobacco is delivered
70 pooling houses, and is 20 receive for this
advance interest at the rafe of per cent. per
aunum from the date of the advance until
same is paid by sale Of the tobacco, and the
grower and no part OF his estate other than
said tobacco. shall be liable for the repay
ment OF this advance.
THIS advance OF 50 per cent. is 10 be made
TO each individual grower on the amount and
value of the tobacco pooled by him
The value of the tobacco is to be fixed by
the committee in accordance with the price
such grades Of tobacco are bringing Novem-
Der 1, 1907, at fair voluntary sale.
The committee agrees to select and pay the
necessary men at the various rehandling
houses 10 grade said tobacco when it is de
lvered.
The committee shall havs the irrevocable
authority to sell said tobacco at any time at
any price satisfactory to them, except that
the committee, nor any other party, shall
have authority to sell said tobacco at price
less than sufficient to pay the advance money.
expenses. charges, interest and storage,
without the written:consent of Beard &
Hensley.
Irrevocable authority is given Beard &
Hensley to sell at their discretion any of said
tobacco remaining unsold on January 1. 1910.
Beard & Hensley agree to keep insured at
not less than 81 per hundred pounds all of
said tobacco, AZ of which expense shall be
borne by Beard & Hensley, land the other 81
by the growers, until November 1, 1905, after
which November 1, 1908, the tobacco is to be
kept insured and all the expense of such in
surance shall be borne by the growers.)
Beard & Hensley agree to keep correct
account with the growers, the amount of to-
bacco delivered by them, the date, the clas-
sificatlon, the amount of the advance and
every thing necessary for AN equitable set
Element between the growers when the to-
bacco is sold.
Beard & Hensley agree to assist the COM
mittee in making sale OF the tobacco, to
contribute the benefit OF their experience,
and lend every effort as II said tobacco were
the individual property OF said Beard &