The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1908-12-09
Financial Statement.

The association, he said, did not
publish financial statements because
enemies of the organization would
seek to d.stort the figures; but every
County chairman was supplied with
such a statement to which every mem
Der had Access.
| Concerning the capitalization Of
the corporation az only $500, he said
this was done merely 10 conform
with the law. the stock being held by
the directors. ncn-di, dend paying.
and passing from each county chair
man to HIS SUCCESSOR in Office. Undcr
the charter. should the association be
dissolved, all money IN the treasury
would be prorated among the mem
bers Of tho ASSOCIATION Of the preced-
ing year.
He stated that about s57 900 was
in the treasury now and that Il the
amount continued . grow the costs
upon the members waud probably be
reduced. They now pas per cent
commission to the ASSOCIATION and
this would be reduced 20 three
lfourths or one-hah OF one per cent or
$50 much as was Necessary 30 take up
the surplus and thus be refunded 10
the members. He explained that de-
mands were constantly being made on
the treasury. though. and Il was nee
esSary to keep money on hand in this.
as In any other bustress Of Ike mag
n!tude.
I He said there was a deal on wfh
the Imperial and the only feature yet
10 be determined was the price. end
that committee appointed by the
fssOclauon and representatives OF the
Imperial we're to meet at Guthrie to-
day for the purpose OF agreeing. Il
lpossib'e. upon this point. He explain
ed that Il was believed that a system
had been worked out BY which the
Imperial deal would be mutually sat
isfactory. this beirg to pack the to-
bacco loosely IN hogsheads, prefer
ably i.l50 pounds eaCa. He' denled
that the Imperial had offered any GER
4
1.-The tentative offer made by the I'M
perlal was for sob 600 to 900 900
pounds OF Springfield type: 1000
1000 to 100000 pounds Of Clarks-
vile type; 1000. 900 10 5000 900
pounds Of Hopklnsv.lle type. and g.
600 900 10 1000 900 pounds OF the
Princeton or western type. the Imper-
/ TAI retaining the right 10 double this
! II they saw At and he believed they
would. He stated that aside from the
one deal with the Imperial that inde-
pendent dealers IN large numbers
were communicating with him and ex
pressing their desire for tobacco of
the stemming grade II they could get
II In suitable shape and that this part
of the trade would be protected 50 far
as possible
Il The Paducah Suit.
Regarding the suit brought at Pa
ducah for a receiver for the associa-
tion he characterized IL as a concert
ed action upon the part Of the enc
mics OF the association to do all In
their power to harass and worry the
oihctnls ar'1 members and II possible
break up the Organization. He stated
In reference 10 the Lyon county reso-
lutions that he went to Kuttawa on
two occasions and was assured thai
everything was an right in Lyon
county.
To Advance Money.
He stated that last year many
banks had been unable to advance
'che GO per cent en- tobacco as they
bird agreed 10 do, owing to the finan.
cal conditions whkh prevailed at that
time, but this year he did not antici
pate any such trouble as banks were
voluntarily offering to make advances