Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1921-01-08
Managers Haven't Yet Decided
What To Do About Action
Taken At Lexington

NO UGClSlOll mas DcC1 1CdCnCu dS
yet by the management of Rich
nIond'S two tobacco warehouses
whether they will close III compli-
ance with the decision OF the
meeting OF farmers, warehouse
men and bankers at Lexington
Friday.
Although sentiment among the
tobacco men here is almost unani-
NOUS III support OF the campaign
for cut out of Il crop this season,
there is much favor here, il
has developed, Tor continuance of
sales at the local warehouses for
some time, anyway. y large mum
Der OF tobacco men arc saying
that they must have money, and
that the only way they can get it
is to sell their tobacco. All of
them, OF course, arc disappointed
at this years price But all oi
them agree that few poorer to-
bacco crops have ever bccnscCnOn
the markets here, aud many arc
becoming satisfied with what
they arc getting.
! he two Richmond Warehouses
arc distributing a matter Of about
$4,000 Il day III cash to the farm
crs Of this vicinity for their to-
bacco, and such Il sum is going 20
help business Isall lines.
The Warchuuscmen announced
when thc crisis was apparent, that
they d!i not wish to sell the to-
bacCo OF any man who did not de
sire them TO; and further. that
any man had the perfect right to
reject any price tuat was u,,t-cu
for his weed. This attitude ON the
part Of the Warehousemcn here at
l>.,hnOnn has met with the hear
ticst appreciation and Co-opcra-
ton oil the part OF the growers
generally. These who do not dc
sire tu sell are not bringing in
thcir tobacco and some lew may
take Ii home, II they can afford to
hold 1t, as undoubtedly many Of
the farmers ci large means can.
Narilcid Bennett, OF the Madi-
son House, attended the I.cNiuI-
ton meeting, and it is understood
that he will make a full report to
the other WarchOusCinCn ana lar-
mCrs here and it will be decided
what is to be done. No sale was
held Saturday, as the markets are
always closed Saturdays.
ID 1 a. Ia
OF the meeting at Lexington Fri
day, was i'll part as follows:
What Was Done AT Lexington
y conference with nianulaCtur-
ers to determine ii the buyers will
cooperate with WarchOusCmcub
bankers ~ud growers to avert q
total suspension Of loose leaf sales
until May and cut out Of the.
1921 crop, was decided upon by
warehouse and financial interests
ul thc hurley region in star cham
bcr session here Friday afternoon.
y committee OF II, composed Ol
representatives Of the warehouse
men, bankers, Burlcy Associa-
tiCn and tho growers convention
which assembled here Friday, will
ask the Big Four" tobacco COM
panies, which are Liggctt and
Myers, American Tobacco Com
pany, Lorilard and Il. ], Reynolds
Tobacco Company, why prices Of
tered for hurley are SO low, what
concessions they are willing to
make to relieve the situation,
what instructions the buyers
agents arc acting under, and if
they want sales discontinued and
the next crop cut out.
a report OF this conference
will be given by the committee at
joint mass meeting Of ware
housencn, bankers and growers,
here Thursday, January Is. Pend
ing the report Of the committee
warchouscmen of the region were
asked by the committee to remain
closed until Monday, January II.
One hundred and seventy five
bankers and warehousenen Of
New York, Kentucky, Ohio, and
Indiana, representing 35 hurley
tobacco markets in three states,
attended the local session, which
was held i'll the office of James G.
Stone, president of the, Lexington
Warehousemen'S Association, fol-
lowing the adjournment of the
growers convention, Friday
morning.
The sense of the meeting is
contained in resolution framed
by representatives OF the growers.
warehousemen, and bankers and
approved by the latter two
groups. The resolution follows:
THAT committee Of twelve,
being three warehousenen, three