Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-12-11
Marketing ASSOCIATION
WILL ELECT DIRECTORS
Meeting Tomorrow in Licking
ton, KY, Will Mark Lie.
gal Existence.
HAS aIEMBEmsmIp OF 5000
cooperative Marketing AssocintIon
SomprIScd OF Hurley Tobacco
nro"erS From Kentucky, Indiana
west Virginia nnd Ohio.


LEXINGTON. KY. Dec. I0-wI,h
the election OF directors Monday. the
cooperative Marketing Association
oi hurley tobacco growers of Ken
lucky, Indiana. West Virginia and
ohio. with membership of more
man 10000. will come into legal and
formal existence.
according to present plans. state
men, Issued from the organlzatIon
headquarters hero today said. mar
hetins OF tobacco VIII be begun I'm
me next few weeks and It is prob
able that as much as 10000, 0on
pounds will be sold before the FRS,
Of the year.
WIN Insure Fnir 'FRONT.'.
IN" attitude OF the big four manu-
t'c'urers. as asccr,ained by repre-
oen'ativcs Of the Burnley Association
Mdicates that they will deal with the
association readily on basis that
WI! insure n fair profit to the grower
with probably no more than four
exceptions. all warehouses In the
-FOUR States have agreed to close their
H"ofs FOR the sale OF hurley tobacco
~ await the action OF the assocla-
'i'n IN taking them over by lease or
purchase. committee has been
ac'''e IN arranging details o. tn.
"hhS'er. which Involves tho title OF
.n'i1ons Of dollars Of real cstato
u" members OF the COMMITTEES be-
.leFe mat everything Will be ready
!" receive tobacco within a few days
hi'er the earliest IL ready for de-
livery
The association now controls. IL g.
AVN NOR" than 1875 per cent Of
me bnrl"y production OF five States
ms percentage. announced nj tn.
.'"S" Or IN canvass!rg campaign on
We basis Of reports from county
'r"'rnan. mas been Increased by n
p'i! "H OF supplementary signing OF
contracts from November &c to De.
,t"h"r 10 This Is stIll In progress,
:" IN" sections where little orgauI2n-
Won work has been done, and final
HsureS are not available
Financial Success Assured.
me hhancio. Success OF the mar.
"'t'ht' OF the 1921 crop WAS prac,i
assured 10 the last detail No.
s'lhN"T 2:. when AL co,n,,.rci,,
- ''hh To thn ASSOCIATION for fem.
p'rar: funl!nE Of ADVANCE pavmrnt.
70 RFow"rS tho full iegal limit NJ
'"e'r capital. totaling Sl,5ooOOo
- " permanent source Of cr.bi,
"HsosIat!on has the standing ~.
TITS or ia" War Finance C.orpnr,,Jn,
ana me Federal reserve system mad
~ ruiInEs issued by ". l.. q. Hard.
49, t'erhor OF The reserve system
h.
me war Finance Corporn,Ion n.
W'l As It's directors. Tho as.oci,.
non can obtain from these snurc.c
q" per cent OF the current u,nrl,n,
valuc.
'n addition. the National Citv PAM,
81 Ne" YORK. the largest bank in ,hr
LhHcu states has sen, Representa-.
Ives I" Kentucky to confer with
readers OF the cooperative nssoci..
lion. In regard to permnncnt in,ns
on the security OF warehon.. "a
.eipts issued asainst the stored 10.
bnceo. In addition sS per cent NJ
me Kentucky banks outside Louis.
Niile have agreed TO back III. 90.
operative movement to the full cx
'cnt OF available funds
Divide Hurley District.
ne election tomorrow il tho cul
minht!on OF campaign Inaugurni.J
March 20, at meeting OF tobacco
growers Of twelve States. JuJpc
robert w. Bingham. publisher of The
tourier-Journal and tho Louisville
Times. and originator OF the CO.
operative hurley movement, heads
an executive committee OF four,
which has had charge of the cam
pafgn from that date. 1t Is planned
TO form similar association among
dark tobacco growers of Kentucky
ana Tennessee rs soon ns the de-
,a'is OF the hurley association can
be perfected.
The hurley association will be con-
troiled by twenty-five directors.
lwenty-three OF whom Will be elected
from the membership OF the associa.
ton by the growers. one vote TO each
member. Three directors Will he
chosen by the other directors to rep
resent the interests Of tho public in
the association. and will not neccs-
sarily be members of the organiza-
ton.
The hurley district has been d.