Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-10-10
POOL MAKES LARGEST
SALE OF TOBACCO
54,0O0,000 Pounds Go To Rey.
nolds Company, About All
Left On Hand

Lexington, Ky, Oct. 10-Ff-
| ty-four million pounds of tobac-
CO were sold late yesterday by
the Burley Tobacco Growers
Cooperative Association through
President and General Manager
James c. Stone to the r. J. Re-
nolds Tobacco Company through
the Kentucky vice president r.
H Kirk. The tobacco was sold
at the association prices for its
regultr grtdes., President Stone
said. Part of the tobacco, it was
said, is for export. The SAFE III
cluded almost the entire hold
irgs of the association.
The negotiations leading up to
this, the largest sale of tobacco
to a single manufacturer in the
history of the country, had been
going on for more than a week.
There was general rejoicing in
the ranks of the hurley organi-
zation and officials when the deal
was completed.
No information was oiven nv
Mr.. Stone as to the amount Of
money involved, as it was sail
it was not known just how the
tobacco would bring until the
transaction is finally complete by
the actual taking over of the
tobacco. Eoth President Stone
ard Director Of Warehouses Bar
ker have said for some time that
the association would sell ali its
holdings because of the neejs Of
the manufacturer and the light
ness Of the 1922 crop and that it
was very likely that a considera-
ble portion of the holdings would
be taken by those manufacturers
who already had purchased from
the stocks Of the association.
Discussing the big sale last
night, President Stone said:
ct is Of course, a matter for
qualification that the patience Of
the loyal growers has been re-
Warded by the sale of the hold
ings. The sentiment Of our mem
bers has been loyal throughout.
They have desired us to mer-
Chandise the association tobacco
and have Loyalty stood by us and
waited patiently until the time
when we would sell their tobac-
co at their price, instead of dick
cring with spectators, as they
used to have to 10 with specu-
ators and dividing the profits
with these spectators. !.
1T has been great day forl
he tobacco growers. To me it is
1 great source of pride that men
who have stood SO Loyalty to-
5cther have again chosen me as
heir president and general man Il
ger and my only desire is that {
may measure up to the expec-
.ations Of the farmers. of the
)urley district who have entrust- I
ID not only their property but
he welafre of their families to
,ur hands for the next five years.
''The sale of today clinches
.he success Of the association. 1t
will have a tendency to strength
III the weaker brothers, the
Thomases' and it will
prove everlastingly convincing to
he speculative interests that
heretofore have been able to OBJ
ain big share of the farmers 1
profits that the farmers have fl
lally turned their Lacks upon tie
I'D waSteful system of market
ng.
"In the hour of our certain VIC
.ory would not have the grow
,rs forget the great leader who
las been responsible for what
We have achieved. But for the
devotion of Judge Rob
erI w. Bingham to the best in
trests of the tobacco growers
he sale of today could never {
AVE been and the growers doubt /
,ss wouid have obtained no