Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1921-06-14

course, has superior lien to every
body for sixty days after the prop
erty leaves possession. At the expira-
ton of the sixty days his lien is not
superior to anybody else's lien. How
does he maintain that superiority?
MR.. SAPIRO-You mean how to
keep the landlords lien for money
advanced? That is perfectly easy. Let
us put it this way: In what different
position is the landlord from the
banker who has advanced money to
the grower for his crop? The landlord
has landlords lien, just like the
bankers lien. We may recognize that
lien just as we arrange with the
bankers to pay off the bankers lienH
first-pay the grower after that. VIZ
may have two or three liens. a SUI
perlor lien and a junior lien. We have
to take that same thing up in the
same way the individual grower
would. take them up for the account
of all of them in their turn.
a MEMBER-The landlord wants to-
know how to maintain his supcriCV
lien. Take the case of the merchant
who has advanced to the tenant sup
plies and otherwise. AT the end OF
sixty days his lien is the same as the
landlords lien. How do you meet
this situation?
MIR. SAPIRO-The only thing we do
there is exactly what was suggested
before. We are not going to try to
create system in which We change
a senior lien into a junior lien or a
primary into secondary. You can
arrange the continuation of any lien
system by contract, but can only do
that by agreement of the parties con-
cerned as lien holders. There may
not be enough money in the advance
payment to pay off more than the
first lien holders; there may not be
money enough to pay even the first
lien holder. All must take their
chances. They take the very same IN
net results anyway.
A MEMBEIi-i am confident, gem
tlemen. that 1 express the thought
that is in the minds of all of you when
L express my own keen satisfaction
and pleasure in this extraordinary op-
portunity we have had in hearing Mr..
Sapiro and to express the appreciation
and pleasure we have for the courtesy
of Judge Bingham. 1 would make
the suggestiOn-perhaps 1 had better
make 1t as motiOn-that this body
of men select, or request Judge Bing-
ham as chairman to select, a COM
mittee to carry on this work for the
development of this fine idea. [ make
that motion and / would express to
Judge Bingham, and especially to Mr..
SapirO, our great pleasure in the
courtesy and everything that he has
given us.
The Organization.
A MEMBEE-I move instead to-
elect some one chairman of this meet
ing first.
A MEMBER move to make Judge
Bingham the chairman of the meet
ing.
The motion was duly seconded and
put and was unanimously carried.
Judge Bingham took the chair.
JUDGE BINGHAM-I thank YOU
very much, gentlemen. l do not know
that there are any more formalities
that We want TO go through just
at this time. I would like to take
this opportunity to say how much I
the fact that You gentle
men have come here. 1 told you at
the outset yesterday why you were
asked here-because you are the type
of men that you are. 1 would like
to have some expression from this
just along this line: Do you
think well of the plan that Mr.. Sapiro
has explained to us, and do you thinkG
it is practicable and feasible as ap-o
piled to kentucky? 1 would just like
to know. Those of you who feel that
the principles which have been an
nounced here are sound business 'prin-
ciples. which, having had favorable
to other commodities may
have favorable application to tobacco.
1 would like to know how many of
you feel that way.
(AIl present raised their handsD
RI l-r1ny1y hRyU or
you feel that out of the situation In
Kentucky as it stands this offers q
wav out for us, if it is worth while
going on. How many of you feel 1t
is worth while to go on in attempti
to put this on a practical basis, PIX
these principles into operation IN Ken
lucky?
(AiI present signified their ASSENT.
I think that is very satisfactory. ]
think we have made very substantial
progress. 1 feel that if men Of your
type believe that this can be done
it can he done. In other words, II you
are convinced that this is way OUT
then 1 see no reason in the world why
we cannot convince other people that
if is the way out Therefore 1 think
we have certainly made substantial
progress in this meeting, and i feel
me LHl1R u NlU 10 ~ 81 O4l eANNA'~-s
and energetically as pOssible-of
course assuming that you are going
to give your support in your Commu-
nity to the efforts we are going to
make together, because this cannot be
done by any one man or by you your
selves: it is for all. There are great
many difficulties, a great many preJu-
1ices, a great deal of ignorance that
we must go out against in Kentucky
even down to the psychological ele-
ments Mr.. Sapiro referred to yester-
1ay; that certain fierce individuallsm
N Kentucky that is admirable in many
ways. We must lay that aside II we
wish to put this over. am sure II
Fan be done now since men who know
the situation and know it practically
favor it as you do. 1 don't know that
there is anything further for me to
say except that 1 thank you Tor
coming here.
A MEMBER want now to renew
nv motion that this body empower
he chairman TO select a committee at
MS leisure to take further steps in the
development of this plan.
On motion duly seconded me
body resolved itself into commit i
tee of organization and the motion
was put before the house and unani-
mously carried.
JUDGE BINGHAM-Of course /
I'm not going to try to appoint any
such committee now because that Is .
very important Eand very vital and
want the counsel and help of all OF you
gentlemen here. 1 am glad no number
S mentioned. AS 1 understand there
S no limit on the number and we can
ax-tpn6 npppGSifV NAV
rise.
The conference after some further =
consultation then adjourned sine die. u
Those who attended the tobacco
conference were the following:
]. C. Caldwell, Danville, Ky.
P. B. Gaines. Carrollton, Ky.