The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-18
new COMPANY TO
APP0sE THE TRUST
TOBACCO PRODUCTS CORPORATION,
WITH ssO,0oc.ooo CAPITAL
CHARTERED HERE.
H. c. FRICK AT HEAD
GEORGE J. WHELAN, FORMER
PRESIDENT OF UNITED CIGAR
STORES COMPANY Is ALSO
INTERESTED.


told of in dispatches from New York
TO The virginian several weeks ago,
was chartered In Richmond Wednes-
day afternoon, but the fact was not
given out by the State corporation
commission. The capital OF the new
company, which Is organized for the
purpose of fighting the American To-
bacco company. is s50.000,00o.
The officers and directors of the
( huge corporation, as given in the
: charter are:
Joseph C. Taylor. president. Rich
mond.
Leonard B. McKitterick, vice. presi-
dent, New York.
Reuben NJ. Ellis, vice. president,
New York.
Joseph A. Bennett, vice-presldent.
New York.
Harry b. Watt. treasurer. New
York.
Gray Miller. secretary New York.
J. Randolph Tucker. director. Rich
mond.
John Il. Lightoot, Jr., director,
Richmond
The promoters are all New York
men. Henry G. Frick, the steel mag
nate. is behind the movement. George
J. Whelan, president of the United
Cigar Stores company since Its forma-
ton, will be connected with the new
company.
Statement OF Promoters.
In a statement the promoters say.
h. part:
The consumption OF cigarettes in
the United States has been rapidly on
the increase--in fact. showing an an
nuai increase of over 2.090 00o. geo CT
garettes. 1t was, therefore apparent
that there was a field for the organi-
sation Of q large cigarette business
entirely disconnected from any of the
companies which heretofore made up
the American Tobacco company.
Accordingly. number OF well
known iinanciers. notably Mr. Daniel
@. Reid and Mr.. Henry G.. F'rick and
their associates. who had never in any
way been connected with the tobacco
business or any Of Its branches. tiecid-
ed to enter the field and to establ sin
the Tobacco Products corporation.
The 'TobaccoA Products corporation
with an authorized capital Of $780,
10000. divided into s3o.00o.6o0 com
r,en stock and 10000. goo preferred
stock, has been Incorporated 10 build
up large cigarette and tobacco BUSH
ness.
II will he the object OF the COM
pany to put into the hands of~the con-
sumner cigarettes and smoking tobac-
CO 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, so as to place in the hands
ef those retailers just exactly the kind
Of goods which those retailers know.
through their experience with the
consumers. that the consumers wish
to have.
C1o~e to Retailers.
The company viii seek the advice
of retailers all over the country, so
as 10 keep closely in touch with the
demands OF the consumers. aud with
that end in view the organizers of the
company have sought and have en-
strted the interest OF Mr.. George J.
wheian. who was president Of the
United Cigar Stores company from the
time of it's Incorporation and who for
many years prior thereto had long
and complete experience As retail
er. In catering To the demands of the
consumers. Mr.. Whelan will not be
an officer nor a director OF the COM
pany nor will he be connected with
/. IN any official capacity. but he has
! promised to give to the company the
benefit of his experience and advice.
several otneE Important retAltefS nave
already signisied their willingness TO
act Ii, a similar advisory capacity.
The United Cigar Stores company.
of which Mr.. Whelan has been presi-
4 dent. will not be ia any way affiliated
with this company. It In expected
that the United Cigar Stores company.
as q customer ef this company. will
handle and sell goods manufactured
by this company. OF the kind and
character which that company may
find the consumers in the various To-
caIities where II maintains Its stores
desire to smoke. But the United CT
gar Stores company has at the same
time impressed upon those connected
with this company that IL Is lis in
tention along the lines Of business poll
icy, to continue TO handle and sell and
to push with all the vigor at its COM
mand cigarettes and tobacco uanufac-
tured and dealt In by all manufactur-
Ing concerns suitable for II In its has'-
ness. in meeting the wants and wishes
OF the consumers. and without regard
"a whether these goods are maaafac-.
tured by the American Tobacco com
panytor Liggett 6 Meyers or the Loril-
lard company or Schinasi Bros. or any
other of the many concerns now en-
gagged In the tobacco business, or
which may hereafter enter that Held.