Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-03-08
hurley DRIVE PUT
OFF UNTIL LATER
Contracts, However. Are Being
Signed BY Growers Who
Want To Share in Benefits


week. beginning Monday, Marcl
Is. has been postponed, it wa,
announced at the offices OF the
association in Lexington. The
time OF the drive will be announc
ed later.
County chairmen and their
workers. however, will go on
with the signing OF any grower
who may desire to join the as
sociatiou. and it was said that "a
it was said that as members OF
the association have allowed in
formation as to the sales OF the
association and its inner work
ings to become known there has
been 4 steady accession To the
ranks OF the organized growers
from those who failed to sign the
cooperative contract last fall.
and contracts are being received
every day of growers who had
not previously signed.
The reasons for the postpone
ment OF the drive were not made
known but a hint at important
developments" that are expected
soon was given. though it was
not indicated what these dcvei-
opmentS would be.
Chief OF the Field Service Di-
vision Joseph PasS0nneau has
gone to lIopkinsville to open the
campaign in the dark district.
following the meeting of business
and professional men with the to-
bacco growers of that district.
and with Judge Bingham. AARON
Sapiro. general counsel of the
hurley association. and banker.
in Louisville Saturday. At that
meeting President Stone gave
some idea OF what had been ac-
compliShcd in the hurley district
within the short space OF two
months. since the enactment ui
.of the Bingham cooperative
Marketing Net by the General
Assembly a. an indication oi the
possibilities of cooperative mar
keting in Kentucky.
Mr.. Stone said that the bust
ness OF the association was GOING
ON smoothly. that not a single
member OF the association had ap
pcared dissatisfied and. in hi,
opinion. the new system OF mar
kctiug tobacco had CONG &,
stay"
In his louisville address. Pre-,
ldcnt Stone said in part:
II can give YOU. though not in
a detailed way. just what we
have done in Central KcStucky.
We started this organization
July ~. Between July ~, and
November IS. we signed SS.0l7
contracts which gave, based ON
the 1920 crop, around IS per
cent. We then organized under
the laws of North Carolina, be-
cause we did not have an adc
quate law in this state at that
time.
The first OF January there was
a law-thc Bingham Corpora
tive Marketing Association Act
passed in one weeks time. and
We reincorporated under that
law in this state. Between that
time and January 25 we took
over 10 warehouses out of the
$50 through the district. which
cost approximately 100000.
We financed the property to the
satisfaction of the owners OF that
property.
We organized our grading de
partment and established uni
form grades for hurley tobacco.
We made arrangements to Dor
row $l0.0000O0 from the War Fl
nance Corporation and in addi-
ton borrowed $5,400.000 through
the banks throughout the terri
tory To make advances to the far
merS when they began to deliver
To orr receiving points. We be-
gan i'll january in 81 localities !;
and since that time we have re-
ceived up until last SATURDAY.
night, approximately S5.000.000
pounds of tobacco. We have
advanced the farmer what was
approximately one-third OF the
market price and have sold i'll the
neighborhood OF 100000 pound
of tobacco at prices about three
times the advance price.
We are this week paying back
I'll the money we borrowed. w
will have a sufficient amount o.
money on hand to make advan-
ccs to the remaining members of
the association that are yet to dc
liver their crops. We expect,
however, later to use some OF the
War Finance Corporation money
but we could get along without
using it probably, but we are GO