The Stanford interior journal. [volume] (Stanford, Ky.) 1911-1912, 1912-01-16
SENATOR BYRON
GIVES views ON
The hurley POOL
The Former leg sIstoe From eraeken
Tells Farmers They stand in
Own Light
euRLev COMPANY HAS
oursTRIppeo BANKS
Believes peubtins Thomases viii
Regret Refusal When Too
Late.

Senator ". A Byron, Of Bracken
County. whe 10 an ardent advocate OF
the teu.ysar pooling plan Of the Bur.
ley Tobacco Society and who believes
that in this plan, which carries with II
the idea Of manufacturing the tobacco
into q finished product. the Bprley
growers of Kentucky may hope to
save themselves from starvation
prices. gives his views on the subject
and points out how he views the stu.
alton as follows:
Il have been asked 80 many times
what | thought Of the 1911 pooling
plan proposed by the Burnley Tobacco
Society that will venture in this
brief article to give my opinion in
hopes that II may be OF use to some,
at least. Of my friends throughout the
Burley district.
ITO commence with. will state a
fact known to most. If not all. Of yor,
that the Burley Tobacco Company
will when all the 1909 pooled tobacco
Is disposed of, have a capital stock OF
one million (s1,OO0O0O) dollars In
the handling Of the 1909 pool-grad.
ing. prizing. insuring. etc.-the Bur.
ley Tobacco Company. up TO date. has
made about four hundred thousand
ts40O.O0O) dollars, which amount.
added to its capital stock. now gives
that company a capital stock Of about
fourteen hundred thousand tsli00..
0O0) dollars. Now the proposition, as
/ understand it. Is TO invest this
amount. in addition to whatever of
the 1871 crop is pooled up. in a manu-
featuring enterprise in Lexington. and
in deciding whether or not one wants
to go into pool OF this kind the
primary and important question to no
considered Is whether or not he wants
TO purchase stock in this COMPANY
Ordinarily would say that for the
farmer this would not be the best
thing to do; but this is not one Of
those ordinary efforts by ordinary
men who sometimes make haphazard
and foolish attempts 10 do things
without either money. right counsel
or the ability to meet and overcome
the obstacles and dificulties which
every new ENTERPRISE Of such magni
tude aud purpose Is sure to encounter
Experienced Men at Helm.
THE men who are At the head OF
this movement are men Of large ex-
perience in commercial life and espe-
cislly In the tobacco world. They are
mostly men of great individual wealth,
act inclinsd 10 he identified with fail
ures. aud with the start that this COM
pany has Ia q financial way I see nj
reason why the proposed factory
would not prove . great success from
the beginning. A farmer can now b.
come identined with the proposed
manufacturing enterprise by pooling
his farm for ten years; and when n"
does this II means that during those
ten years not less than 20 per cent
ror more than SO per cent Of the to-
bacco which he raises each year dur
ing the continuance OF the contract
will 20 as stock in the proposed fac
tory. The remaining per cent Of his
crop he IL al liberty to dispose of
when. where and to whom he pieases.
He also handles and prizes all OF his
own tobacco II he desires to do so.
Time To Act 10 Now.
"Of course when the proposed FAC
.ory starts and beg ms to lay large
dividends. as I confidently believe that
II win. there will be a grand rush OF
slow doubling Thomases to get in ON
what they win then know to be the
greatest poney-making proposition
ever put UP Ia the farmers OF this
state. and II the farmer could stay
out until the success OF the enterprise
Is thus thoroughly demonstrated and
shen 20 In on the same terms on