The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1913-10-24

mistakes were the following:
Cne-By diverting the farmers or
ganization from its, original purpose
they lost the cor fidence of the people
and were unable to form pool in 1910
or since.
| Two-They have collected for stock
in the Burley Tobacco Co. the sum OF
! 81, 050,5 04.83, and the income of the
company, from other sources has been
over another million dollars, making
over two million dollars that has~come
into their hands, all of which they
have expended, and the company Is
now over half million dollars in debt.
Three-They have failed and re-
fused to make any statement of the
the stockholders and have denied the
stockholders and their representatives
access to the books.
Four-They have paid to themselves,
/ unauthorized, exorbitant and exces-
sive salaries, without rendering serv.
ices of value therefor.
Five-While denying the right OF
other farmers and tenants to vote or
have a voice in their own affairs and
retaining their money they granted
special privileges to the rich, as is
shown by the following correct copy OF
what was appended to a pooling con.
tract signed by Mr.. ]. b. Haggin, OF
Fayette county, to-wit:
This instrument is executed by the
undersigned upon the express conditions
that he is to have the right to name one
member of the Board of Directors of said
Burnley Tobacco Society, who is also to
be a member of the executive commit
tee of said Board, and that such action
will be taken from year to year by said
society, as may be necessary to conSti-
tute the person designated by the under
signed or his representative member OF
said board, and of said committee, and it
is further agreed that if at any time such
/ condition be not complied with. the un.
his or their election cancel and rescind
this pledge as OF the Ola ice o. sAci. e-~~-
ton.
ut is also understood that the under
tobacco upon his land in any of said years
unless he may choose to do so, and has
the right to deliver to the pool whatever
amount may be grown by him in any
year, be the same more or less:
b. HAGGIN,
Do you know of any such privilege
having been granted to any farmer OF
tenant in your neighborhood?
SiX-They failed to make up list
of stockholders as required by law and
denied and fought through the courts.
with the stockholders own money, the
right Of the stockholders to vote for
Directors, or otherwise participate in
the affairs OF the company.
Seven-They bought from themselves
and others numerous pieces of prop.
erty without any authority so to do
and several of same at prices above
their real value
Eight-They have held possession of
nearly $300,000.00 of the poolers'
money since February l, 1910, and
during all of said time have never col
lected any interest thereon, which at
most banks, would have amounted &c
over 100000 by this time.
Nine-They have authorized com.
mittee of their own number to specu
late In tobacco with the funds of the
company.
Ten-They have expended large
sums of the poolers' money with GER.
tain newspapers of the hurley district
for the purpose of popularizing them
selves and deceiving the poolers.
Eleven-They were never elected by
the stockholders and have usurped all
the powers they have exercised on be-
half of the company.
1t was the unanimous opinion OF
those present at the above mentioned
meetings of stockholders, at Lexing.
ton, that neither profit or success can
come to this organization, or it's mem.
bers, unless it's business is conducted
differently in the future from what il
has been in the past, and the expert
ence and history of all men and con
Germs seems to approve this view II
is believed that the business can be
properly conducted along fair and law,
full lines, and that when so conducted
it will prove both profitable and pro
tective to the growers of Burley to-.
bacco. No one wants to see a return
OF the UdyS when tue growers were al
the mercy of the American Tobacco
Co., and it was the opinion of those
present at the above mentioned
meetings that return of such condf
tons could be forever prevented if the
growers organization was returned to
it's original purpose and conducted
justly and according to law.
1t was the opinion of those present
at said meetings that its business
should be conducted, in. the future.
along the following lines, to-wit:
One-The affairs of the Burley To.
bacco Co. should be conducted accord
ing to law, and under the same bust.
ness rules and regulations as govern
and control the conduct of other cor.
+ porations.
Two-There should be- made, at
! once, by competent and disinterested
auditing and clerical force, a thorough
ioa tiOYo Of bca hobs rooO,.d, on1