The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-11-23
WAREAOUSEMENWILL
CLOSE HOUSES UNTIL
POOL IS ORGANIZED
Splendid Spirit Is Displayed at Meet
Ing Of Warehousemen and Commit
tee Of Cooperative Association
Held at Lexington Tuesday.

Lexington, KY, Nov. 20. - OF the
one hundred warehouse companies
represented. at the conference here
Tuesday with the warehouse commit
tee Of the Burley Tobacco Growers
Cooperative Association, eighty-nine
voted to close their warehouses for
the sale Of hurley tobacco until the
association has organized for busi-
ness.
Some Of the companies offered the
use Of their warehouses free to the
association until 1t Is organized and
ready for business.
Eleven warehouses desired to con-
fer with the committee and none voted
against the proposition to close so far
as the sale of hurley is concerned.
After discussing the question OF
warehouse valuations for more than
an hour, and after several motions
had been made, DR.. S. H. HALEY
moved that committee of three, COM
posed of James c. Stone, M. L. Kirk
patrick and Dave Prewitt, to prepare
and present to the meeting resolu-
tion covering the question Of valua-
ton. This was adopted unanimously
and Chairman Barker appointed the
committee.
In calling the conference to order
Chairman Barker said the purpose oi
the meeting was to learn the attitude
of the warehousemen toward the new
Burley Tobacco Growers Cooperative
Association. He said the movement
was not designed to injure any man
or his property, but that 1t was hoped
that every man in the tobacco bust.
ness in the hurley belt would be
helped.
]. R. Jones, of Cynthiana, offered
the following resolution:
Resolved, That we keep our ware
houses closed for the sale Of hurley
tobacco until board of directors OF
the Burley Tobacco Growers Cooper
ative Association is elected and rea-
sonable time is allowed the associa-
ton to get organized and ready for
business"
Vice Chairman James G. Stone, of
the organization committee, took the
floor and explained that it would re-
quire twenty to thirty days time for
the association to elect its directors
and get started in business. He said
that methods of dealing probably
would be considered, depending upon
the wishes of the rehousemen-pur-
chase, lease with the privilege of pur-
chase, and simply lease OF those
plants whose owners do not want to
sell.
Mr.. Stone said the warehousemen
had helped the organization simply
on faith" and that all that was asked
now was to "extend that faith for thir-
ty days. He said that the ware
housemen and everybody else would
be treated fairly, which would be
necessary If the association was to
succeed.
Then the roll of the warehouses was
called. Responses showed the resolu-
ton adopted by a large majority, there
being no noes" and only a few de-
string to go before the committee.
Charles M. Marshall of the commit
tee, then suggested that the compan-
les representatives favoring the res
olution attach their names to 1t and
thus make it official. This was done
promptly, Chairman Barker suspend
Ing the session during the signature
Of the resolution.
Rev. J. A. Lee, of Owen, moved that
the chair appoint committee to con-
slider ways and means Of arriving at
the fair value of the warehouse prop
erty to be taken over and to work out
a basis Of valuation applicable to all
David Prewitt offered a substitute
motion providing for the appointment
Of representative Of the hurley
association in each county in
which there is a warehouse, the ware
nousemen to appoint representative.
and the two to select third, the
.hree to agree on a valuation for the
warehouses.
Vice Chairman Stone said that a
basic principle Of general application
should be adopted in the valuation of
warehouse property 80 that the values
n one county should not be very
much different from those in every
,ther county. He said that he thought
hat the values ought to be based on
he fair present value Of the property
involved, that he felt sure the ware
wanted to be fair and that
no association wanted to be fair to
he warehousemen. He urged a uni
orm system OF valuation as one fair