The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1909-08-31
objects of First Importance.

nallOn-
Objects of First Importance
The two main objects to be ac-
romplisned were-to have pledge
that would be binding; and one that
would secure the economical, uniform
and efficient handling and financing
of the crop, and the board feels that
IN this pledge both of these op1ects
WILL be best served.
The features Of the pledge which we
desire to emphasize are as follows,
Advantage of Conmngling.
First. That each county shall COM
mingle its tobacco. In the 1916 and
1907 pools. some counties were COM
mingled and some we're not. Exper-
fence has convinced the board that the
plan of commingling is the best; that
the grower is benefited by commlng-
ting because very few individuals have
crops large enough to be assorted by
the hogshead into the various grades
go that the full value of each grade
of tobacco can be obtained. In COM
mingled counties tobacco brought 81
per hundred more because the grades
were properly classified and the full
value Of each grade was obtained
BUYER viii Pay For Better Values.
The buyers were thus better salts
fed on account of it's exact grading.
The commingled counties had much
smaller percentage of funked tobacco
than the other counties. Commingling
simplifies the storing and delivery OF
the tobacco and prevents dumping and
consequent lawsuits, and it removes
the temptation to "nest" the tobacco
or handle 1t improperly, because 1t is
handled by disinterested party who
Is responsible to the board of control
Mutual Guaranty of Good Faith.
Second. The 20 per cent penalty
fixed In this pledge was to prevent
dumping and to determine before hand
the matter Of damages. These con-
tracts are mutual contracts by the ou-
ferent growers with each other acting
through the agency Of the Society and
this is a guaranty on the. part or eacn
man to his neighbor that he will abide
by the terms of his contract and to
secure a fixed amount of damage,
which will accrue to the benefit Of his
neighbor In case he breaks his con-
tract
Delivery Is Facilitated.
Third: It is necessary in carrying
on the business Of the Society that the
time and place for the delivery of this
tobacco should be fixed by the board
OF control acting for the Society, and
this will facilitate the handling Of the
crop and will prevent the removal or
the tobacco in violation Of contract.
This board experienced a great deal
OF difficulty and inconvenience in Sc
curing deliveries of the 1905 and 1907
crops because no such condition was
IN the pledge, and If the responsibility
OF selling the tobacco is imposed on
the Society, it should be in a position
70 require its delivery when necessary.
Price Will be Fixed by Facts.
Fourth: This pledge contains no
arbitrary fixed price at which the to-
oacco shall be sold. This was omitted.
because it is impossible before the
crop Is produced, to know what price
Should be secured. If the price were
nxed now, 1t would be only a guess,
out after the extent of the crop is
known, price car be fixed that will
De based on facts. The arbitrary price
liked in 1906 and 1907 pledges was
only obtained by cutting out the 1908
crop. If an arbitrary price were fixed
a the pledge. It would furnish infor.