The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-18

aolph Tucker are local incorporators'
to secure q Virginia chaBter.
The directors are as Iono"
Thomas Cochran. Jr, vice'presioeht y,
the Astor Trust Company. New iorA'
]. Horace Harding (who VIII repre-
sent Henry c. Frick on the ooara,: ..
New York; Francis l. Hine, presioeh'
Of the First National Bank. OF New
York. Seward Prosser. president OF
the Liberty National Bank. OF new
York: Daniel q. Reid. chairman OF the
board Of the Rock Island system: Jonn
ID, Ryan, Of the Inspiration Copper
COMPANY; Roberts walker. counsel Tor
the Rock island Railroad system; J.
DuPratt White, Attorney. of New YORK;
Joseph A. Bennett.
Fer the Public.
Following Is a statement made by
the incorporators:
las disclosed by the findings OF tho
court in the tobacco case. prior to the
dissolution of the American Tobacco
Company. that company controlled ~
per cent Of cigarettes sold In the Unit
ed States AZ a result Of the disinte-
grafton Of that company. that cigar
cite business was divided among four
compa n;es-the American Tobacco
Company, the LsSett and Meyers To-
bacco Company. P. Lofillard Company
and r. ]. Reynolds L Co. ImmediAteiy
after tho disintegration. AZ shown BY
the plan Of dissolution on hle In the
United States Circuit Court. the 30
per cent Of the cigarette business Tor
merly controlled by the American To-
bacco Company was divided n foi-
lows: the American Tobacco Company
had 33.15 per cent; Liggett and Mey-
ers. 2103 per cent. the Lorillard Com
pany, $500 per cent: while all OF the
other manufacturers Of cigarettes TO-
gether had 1850 per cent.
Almost Immediately. after the dis
, Indignation, each Of these four COM
panies commenced, and all have con-
| tinuously since that time carried on
vigorous competition throughout the
country, in the manufacture and sale
Of cigarettes Of all kinds. each COM
peting with the others and with the
other manufacturers. for the cigarette
business, and in carrying on that COM
petition all are spending large sums
of money In Introducing new brands,
in advertising. in sampltng. and in all
the many ways recognized and In use
throughout the trade for the pushing
OF goods and the creating Of q pub
lie demand.
Many People Snske.
The consumption of cigarettes in
the United States has been rapidly
On the increase-in fact. showing an
annual increase Of over two billion
cigarettes. It was. therefore. appar-
ent that there was a field for the or
ganization of large cigarette bust
ness entirely disconnected from any
of the companies which heretofore
made up the American Tobacco Com
pany.
Accordingly. a number Of we'll
known financiers. notably Mr.. Daniel
G. Reid and Mr. Henry c. Frick and
their associates. who had never in any
way been connected with the tobacco
| business or any OF its branches. de-
-cided to enter the field and to es-
| tablish the Tobacco Products Corpora
tion.
The Tobacco Products Corporation,
with an authorized capital Of $4,000
600 divided into so.00e.00e common
stock and 100000 preferred stock.
has been incorporated to build up .
large cigarette and tobacco business.
Its directors. so far as now elected, are
| as follows: Joseph A. Bennett. Thomas
| Cochran. Jr., ]. Horace Harding. Fran
els 1. Hine. Seward Prosser. Daniel q.
Reid. John ID. Ryan. Roberts walker,
j. DuPratt White.
Its Prouoeetus.
1T will be the object Of the company
| to put into the hands Of the consumer
cigarettes and smoking tcbaccos Of the
kind and quality suitable to the taste
and desires Of consumers In the various
communities. In order effectively to
do that the company will endeavor to
keep constantly in touch with retailers
, throughout the country. % a. to place
! in the hands Of those retailers just
, exactly the kind Of goods which these
retailers know through their expert
! ence with the consumers that the con-
sumers wish to have.
The company will seek the advise
Of retailers all over the country. so as
to keep closely In touch with the de-
mands Of the consumcrs. and with that
! end n view the orgapisers Of the COM
! pany have sought and have enIisted
the intercst Of George J. whelan. VINO
was president OF the United Cigar
Stores Company frcm the time of its
. incorporation, and who for many years
prior thereto had . long and complete
! experience as . retailer, IN catering 10
/ the demands Of the consumers Mr..
whelan VII not BE- an ofneer nor d.
! rector Of the company, nor VIII he be
| connscseA with 10 n any ofnctal capac-
| isy. but he has promised to give to the
company the benens Of HE experience
ans sdvise. Several other tmportau;
l retailers have already stgniAed their
willingness 20 scs In . stOaias s1vseery