The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1912-01-03
The Former Legislator From Bracken
Tells Farmers They Stand In
Own Light.
BURLEY COMPANY HAS
oUTsTRIPPEp BANKS
Believes Doubling Thomases VIII
Regret Refusal When Too
Late.


County, who is an ardent advocate of
the ten-year pooling plan of the Bur-
ley Tobacco Society and who believes
that in this plan, which carries with It
the idea Of manufacturing the tobacco
into a finished product, the Burley
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:
81 have been asked so many times
what I thought Of the 1911 pooling
plan proposed by the Burley Tobacco
Society that / will venture in this
brief article to give my opinion In
hopes that 1t may be of use to some,
at least, Of my friends throughout the
Burley district.
"Ts commence with, will state
fact known to most, if not all, of you.
that the Burley Tobacco Company
will, when all the 1909 pooled tobacco
is disposed of, have a capital stock OF
one million (s1,OOO,OOO) dollars. In
the handling of the 1909 pool-grad-
ing. pricing, insuring, etc.-the Bur-
ley Tobacco Company. up to date, has
made about four hundred thousand
($400,OOO) dollars, which amount.
added to it's capital stock, now gives
that company capital stock of about
fourteen hundred thousand ($1,4O0,-
0O0) dollars. Now the proposition, as
1 understand it, Is to invest this
amount, in addition to whatever Of
the 1911 crop is pooled up, In manu-
featuring enterprise In Lexington, and
In deciding whether or not one wants
to go into a pool of this kind the
primary and important question to be
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 to do things
without either money. right counsel
or the ability to meet and overcome
the obstacles and difficulties which
every new enterprise Of such magni-
tude and 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-
cially in the tobacco world. They are
mostly men of great individual wealth.
not inclined to be identified with fail
ures, and with the start that this COM
pany has in a financial way see no
reason why the proposed factory
would not prove a great success from
the beginning. A farmer can now be-
come identified with the proposed
manufacturing enterprise by pooling
his farm for ten years; and when he
does this It means that during those
ten years not less than 20 per cent
nor more than so per cent Of the to-
bacco which he raises each year dur
Ing the continuance Of the contract.
will go as stock in the proposed fac
tory. The remaining per cent OF his
crop he Is at liberty to dispose OF
when, where and to whom he pleases.
He also handles and prizes all OF his
own tobacco II he desires to do so.
Time To Act Is Now.
"Of course when the proposed fac
tory starts and begins to pay large
dividends, as confidently believe that
It will. there will be a grand rush OF
slow doubling Thomases TO get In on
what they will then know to be the
greatest money-making proposition
ever put up to the farmers OF this
state. and II the farmer could stay
out until the success of the enterprise
is thus thoroughly demonstrated and
tlen go in on the same terms on