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


pose of procuring efficiency, and re-
lquired to render full and adequate
services for the compensation re-
ceivad, and not employed with the
view of favoring relations or personal
friends.
] Six-The funds of the company
should not be used by any one for
speculative purposes.
Seven-Convenient markets being a
| necessity to the growers of tobacco
Z the operation of the loose leaf ware
house business should be continued
and extended wherever business prin-
ciples will justify, but should not be
promised at particular points for the
purpose of securing votes. All of the
loose leaf houses should be operated
strictly >on a commission basis, and
none of the officers or employees of the
company be permitted to speculate in
tobacco sold over it's floors.
Eight-The stockholders of the Bur-
ley Tobacco Co. should have at least
been consulted before Mr. Lebus and
his immediate ASSOCIATES invested
$6O0,000.00 of it's funds in the Louis
vile tobacco factory. The stockhold-
ers of the company should be furnish
ed with full detailed statement of it's.
affairs, and the management, after all
! the real facts concerning it are fully
made known / to the stockholders,
should be guided entirely by the stock
holders wishes with reference there
| to.
Nine-The executive officers of the
corporation should be paid the follow
ing salaries, to-wit:
President and Vice President, com
bined, $4,000 per year. The Vice Pres
ident to receive no salary except
while acting as president and while
so acting he to receive the same rate
allowed the president and all salary
thus drawn by the vice president to
be deducted from the salary of the
/ president.
| The executive committee which should
| consist of five members, should receive
! 81 200 each year, and five cents per mile
| going and returning 20 each meeting OF
! the committee. The vice president should
be member of the executive committee
] but during such time as he shall receive
1
also receive the salary of an executive
! committeeman
i The directors should receive $500 each
! per year and five cents per mile going
and returning from directors meeting
| Ten-The office of the company should
| be kept open every business day and il
! should be the pleasure of all employees
to furnish any stakeholder all desired in
| formation, and during all business hours
TO cheerfully submit to them. or their
| representative, the books of the company
| for their inspection.
Eleven-The main objects of the officers
| should be to so conduct the business OF
sible aid the growers of Burley tobacco
[ in securing the best prices Ootainable
' therefor; and their first duty should be tG
/ the growers, and not to SPECTATORS AND
| themselves.
In view of the fact that the. usurpers
now in charge of the affairs of the COM
4 the business in accordance with the
! above ideas it would seem useless tC
! hope that they would do SO in the future
| if elected November 6, 1913. That they
| wish to be elected and intend to be elected
! is made very plain by their activity in
securing proxies and their booming OF
! at Lexington, and sent out to the news
! papers each week for publication, anG
doubtless paid for with the money of all
! the stockholders. But the strongest evil
| dence of their intention to be elected is
! shown in the eagerness with which they
have been buying the stock for the past
| forty to fifty cents for it. In this con-
nection attention is respectfully called tc
a short extract from the sworn answer
| filed by Mr.. LebuS in the KentOn cir
| cult court, to-wit:
Defendants say further that the Bur-
| ley Tobacco Company in handling the
tobacco pooled with the Burley Tobacco
! Society and in the conduct and operation
of it's business, has earned such profits
! that it has enhanced already the book
value. and the real value of each share
of stock held by the poolers in the Bur
| ley Tobacco Company not less than fifty
| per cent above the amount actually in
vested therein by the stockholders
! AS you see, Mr.. Lebus swore the stock
| was worth dollar and half. Why are
! they taking it from the stockholders fO1
| to pay what Mr.. Lebus has sworn it is
really. worth, instead of forty or fifty
] cents?
The attention of the stockholders is
respectfully called to the fact that the
! approaching election will be held UNI
der the supervision of the commission
the votes of the stockholders will be
! counted as cast at this election; and
judging from the conduct of the uSurpers
| in opposing and denying your. right to
| vote in the past, you may be able to con-
ciude what the future may hold in store
| for the stockholders who hereafter seek
the right to vote. in the event the
usurpers are successful in this election
| Don't it occur to you that this is probably
=, ever have to get possession and control
! of their own affairs?
This question must present itself to
each thoughtful. rejecting stOckhOlde.
who has the real interest of the Burley
| tobacco growers at heart, to-wit:
I Should | cast my vote for those who
| DISTINGUISHED me, and who used my own
| money to keep me DISTINGUISHED, and who
/ have withheld from me Information con-
| corning the business of the company and
! who seek to buy the stock ct one
| third of what Mr.. Lebus has sworn
! was worth, and who do not even now
promise any definite policy for the future:
! If you wish to endorse usurpation and
Wong You will be given a full, fair
/ chance to do in the election to be
1 held at Lexington, Ky. November s, 1913
| or if you wish to vote against such con-
duct, you will have like opportunity to
! do So The stockholders right TO Vote
| in the approaching election was secured
to them by the efforts OF few men. but
| those men do not feel that their obriga
] tons to their neighbors go to che extent
| OF requiring of them an expensive, CT
! CARRIED effort to wrest the control of
the company from the usurpers. The do
! ing of this is as much the duty of one
1 CT |. hn1R nd nOf