The Richmond climax. (Richmond, Ky.) 1897-1914, 1910-10-19
Pool is Off
The Growers Lose in Their
Fight With The Trust But
viii Come Back" Soon.


The 1910 Burnley tobacco pool has Of
ficially been declared off. This action
was taken Saturday night at an extra
ordinary session Of the District Board Of
the Burley Tobacco Society, nurriedly
convened and which was held at the
Court House in Lexington, at which a
resolution was unanimously adopted
recommending that the pool be declared
OF, by vote Of the growers on November
/. 1910, in accordance with the resolu-
ton Of July IA designating that time.
In effect the pool is dissolved by this
action, the growers being privileged to
sell their tobacco. and the vote on Nov
ember l legally approving this recon
mendation viii be mere matter OF
form.
The resolution as adopted recommend
ing the dissolution of the pool is as fol-
lows:
THE RESOLUTION
sit is moved that we approve the
action Of the president in calling the
District Board in extraordinary session.
Since il has been reported to us that
large numbers of tobacco growers out
side of the pool, especially in the so
called Blue Grass counties. are selling
their 1910 tobacco, and that the buyers
are paying from ~ cents per pound up
without even seeing the crop, and pay
ing no attention whatever to quality, we
feel it our duty as representatives of the
tobacco poolers of the 1910 crop 10 now
recommend the declaring Of the said
1910 pool off, so far as our authority ex-
tends.
I'VE are of the opinion that il would
be unjust to those who have been SO
loyal for the past four year, and who, by
their sacrifices and allegiance. have
made the tobacco market, to hold them
while the opposition takes advantage OF
the situation.
Our judgment in this matter is based
upon existing conditions and as repre-
sentatives of the people we feel it oul
imperative duty to use whatever power
we possess to relieve our loyal friends OF
any obligation incurred by signing the
1910 pooling contract.
A telephone message was received
early in the day Saturday by Mr.. JESSE
Cobb. the member of the Board from
this county, calling him to Lexington
on the first train TO attend the meeting
Mr.. Cobb had just left the local meeting
which was held at the court house. anC
fastened to the depot, where he caugh
the 4 ocrock L. & A. train, arriving il
Lexington at six.
MEETING HERE.
The meeting called for gathering o
the growers of Madison county, was hels
Saturday afternoon, but little enthus
iasm was shown Mr. Cobb made
splendid address on sticking together,
but it was plain that those present wer'
not anxious to pool. 1t was reporte,
that Trust buyers were in the city Fri
day and Saturday and purchased one O
two crops for IL cts without looking a
the tobacco.
SOLD CHEAP.
Twenty-Five hundred and seventy
hogsheads of tobacco of the 1909 pooled
crop were disposed of Friday at Lexing
ton at the auction sales of the Burle,
Society at an average of s7.35 per hun
dred. The highest price realized wa
SIPS for G grade, which was origin
ally listed at s27, and the lowest pric.
was 81 for grade which was origin
ally marked to sell at $40.
The average Friday Of s7.S3 showed ;
decided slump from the market of thu
preceding days sales, and the executiv,
committee considered the prices so ruin
ously low that they rejected everyone o
the sales made. They have, under th'
terms of the sale, a right to reject an,
and all bids made, but they have not be
fore exercised this right until yester
day. This action is taken to mean tina
the sale is nearing an end, and that a
had been generally anticipated tn
great bulk of tho 1909 pool will be with
drawn from public sale and held in tn
hope of securing better prices at SOM
future time.