The Winchester news. [volume] (Winchester, Ky.) 1908-19??, 1912-01-01

featuring enterprise in Lexington, and
in deciding whether or not one wants
to go into q 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 I 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.
rac- hos g. = Arcr,;op 800, 60 -
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 1t 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 If 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
1t will. there will be a grand rush Of
slow doubting-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 If the farmer could stay
out until the success of the enterprise
is thus thoroughly demonstrated and
then go in on the same terms on
which he can get in now, my advice
to him would be to stay out until
even the small element Of chance now
visible to the naked eye of the abnor-
mally suspicious is entirely removed;
but. unfortunately for him, he can not
do this. for in common with most of
his other experiences he must have
faith and take some chances. It
would be a very poor farmer indeed
who would say I will not waste my
seed to plant a crop in the spring,
but will wait till fall and see what
kind of returns Farmer Smith, who is
SO foolish as to take the chances of
sowing in the spring. will get. No
farmer is quite so foolish as to take
this course in reference to his crops,
but many of them are doing this very
thing now in regard to their invest.
ment in the Burley Tobacco Company.
hear many farmers say that they
don't want any stock in the company.
Well, what boots that? You already
have it. and I am sure that you don't
want to throw 1t away. But they say,
We will have our money Well, you
can get your money If someone will
buy your stock and pay for 1t, but you
we'll know that you cannot arbitrarily
your money and compel the
to pay it, any more than you
ian go to bank in which you happen
TO have, say. five hundred ($50O) dol
ars' worth Of stock and compel It to
pay you back the money which you
in it.
Why Doubt Management
again, some farmers will say, We
ion't believe that the corporation will
be honestly managed, hence we don't
want any stock in it, and many Of