The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1913-10-17
DISTRIBUTION
OF FUNDS
ORDERED.
Suits Which Tied Up Burley
Pool Proceeds Settled.
DISTRICT BOARD ACTS
More Loose Leaf Sales Houses
To Be Established.
SMALL YIELD is REPORTED
Insurgents Abandon Hope of In
fluencing Election. .
SCHEME TO POOL BANKERS
DISTRICT BOARD ACTS
SMALL YIELD is REPORTED
Insurgents Abandon Hope of In
Ruencing Election. o
SCHEME TO POOL BANKERS


most important business to be trans
acted by the District Board of the
Burley Tobacco Society and the Bur-
ley Tobacco Company, in annual ses-
sion here, was the adoption of a reSO-
luton directing distribution of pool
funds remaining in the hands of the
society just as soon as an order OF
court settling forty-five tax suits
against the society had been entered.
In a statement before the board, one
of the attorneys for the organization
said that an agreement for settlement
been effected and that the matter
would be finally disposed of in two
weeks.
Order for Distribution.
Following is the resolution directing
distribution of pool funds now in Lex
ington banks:
Whereas, the attorneys for the
Burley Tobacco Society have reported
to the District Board that an agree
ment has been effected with the Au-
ditor's agent for the State-at-Large,
for the adjustment of the various tax
proceedings against the Burley To-
bacco Society, and that these various
suits will be finally disposed of within
the next ten days or two weeks, and,
Whereas, said attorneys have also
reported to the District Board that
there are no other suits now pending
in any court which interfere with a
distribution to the poOlers of the bal
ance in the hands of the society to
the credit of the poolers in the 1907
and 1909 pools.
Nov, therefore, be it resolved, That
the officers of the society be and they
now are hereby directed to distribute
the balance belonging to said poolers
Immediately upon the final adjust
ment of said tax suits
New Loose Leaf Markets.
Another resolution to be adopted au-
thorized the Executive Committee to
improve warehouse properties at
Georgetown, Harrodsburg, Mt. Ster-
ling, Owenton, Falmouth, Brooks
vile, Augusta, Milton, Eminence and
Pleasureville, and to establish loose
leaf markets at such places as they
might find to be advantageous.
The resolution follows:
Whereas, the election of the board
of the Burley Tobacco Company has
by order of the Kenton Circuit Court
been postponed from the 7th day of
October, 1913, and fixed for the 9Th
day of November 1913, and,
Whereas, it is deemed absolutely
essential for the welfare of the Bur-
ley Tobacco Company and the inter
ests of the stockholders that certain
warehouse properties of the company
be improved and loose leaf markets
established at new points, and it is
further necessary to Immediately
make arrangements for the employ
ment of managers to conduct these
warehouse properties of the company
for the ensuing year, and,
Whereas, in the written opinion
handed down by that branch of the
Kenton Circuit Court over which
Judge B. F. Tracy presides, and the
branch of the Kenton Circuit Court
over which Judge M. Harbeson pre-
sides, both of said judges have held
that the present acting board of the
Burley Tobacco Company are the
de factO officers of the Burley Tobac-
co Company.
Location of Properties.
Nov, therefore, be it resolved, That
in the judgment of the members of
the District Board that the warehouse
properties now owned by the Burley
! Tobacco Company at the following
points, to-wit:
Georgetown, Harrodsburg, Mt. Ster-
ling, Owenton, Falmouth, Brooksville,
Augusta, Milton, Eminence and Pleas
ureville should be improved and fur
Their developed, and that loose Leaf
| market should be established at said
/ places and possibly at Elizabethtown
OF int
BE it further Resolved, That the
! Executive Committee of the Burley
Tobacco Company are hereby au.
properties and to establish such loose
leaf market or markets.
A motion was passed directing the
! Executive Committee to revise the
charter of the Burley Tobacco Com
pany and also prepare bylaws, the
same to be submitted to the District
Board at meeting to be called prior
to the election, November 9Th.
Sixty Per Cent Yield.
The major part of the session was
devoted to reports of the condition OF
the crop. An average yield of sixty
per cent of normal for the thirty-foul
counties represented at the meeting
was reported. AS to quality, eight re
ported poor, four mixed. four fair, sew
enteen good and one, Trimble, excel
lent.
In their reports members also dis
cussed the demand for proxies to bt
voted by committees at the election
to be held here next month, and alst
activities of enemies. ~
A summary of reports showed thu
bulk of the stock to be represented il
proxies that already have been signed
and the "DissOlutionists" active onl,
in two counties. Fayette County wa
one of four which promised sole
vote in favor of the present admins
tration. Harrison County and Mont
gomery County reported one grove
each who refused to give proxies tt
fhe ropy1arly constituted committoe