Tobacco Documents Online

52 Estimates of Lennen,& Mitehell.Inc. as follows: #347 dated February* 21, 1941 covering radio advertising of QNION~ LEADER and BEECH'-NDT Tobacco.over Station.WNAX, Yankton, S.D"', March 10 through June 6, 1941, at a,cost.of $1,484.47. #348 dated February 21, 1941 covering radio advertising of UNION LEADER and BEECH-NIIT Tobacco over Station.A'SFO, Sa}Y Francisco, Calif., April 1 through June 28, 1941, at.acost of $1,561.OEi. #349 detediFebruary 21,, 1941 covering,radio advertising of UNION LEADER and ~, BEECH"NDT,Tobacco over StatiomEFI, Los Angeles, KGW, Portland, and KHQ, SpoOme, March 5 through Jmne 3, 1941, at a cost of $4,514.30. ~ #350 dated February 24, 1941 covering newspaper adMertising of BEECH-NUT t Cigarettes im New Ycsrk State,, March~3 to May 31, 1941, at a cost of'$3,435.82'. #351 dated February 24,, 1941 covering newspaper advertising of' BEECH-NNT. Cigarettes in the State of California, March 3'.to May 31, 1941, at a cost of'. $8,336'.39'. #352 dated February 24, 1941 covering newspaper advertising,of BEECH-NUT Cigarettes in the New Engl.end States, March 3 to May 31, 3941, at a~ cost of $19,308.92. #353 dated February 24,, 1941 covering newspaper advertising of BEECH-NUT Cigarettes in the State of Flo.rida,,March 3 to May 31, 1941, at a cost of. $5, 627.21. #354 dated February 24,: 1941 covering newspaper advertising of, BEECH-NUT Cigarettes in . Philadelphia, Pa. and Camden, N.J., March 3 to May 31, 1941, at a cost of $6,132.29. #355 dated February 27, 1941 covering radio advertising of SENSATION Cigar- ettes on the Pacific Coast, April 6 through.Jime 29,, 1941, at a cost of $22,431.50. On motion duly made and seconded, the meet3ng.adj'.ourned. ! (racsG. ~~~ ~' ° ~' Secretary

March 4, 1941 51 An adjourned meeting of' the Board of'Divectors of P. Lorillard Company was held today at the office of' the Companty, U9 West 40th Street, New York City, at three o'¢lock P.M. There were present Messrs.:: G. H. Hummel G. D. Whitefield E. S. Bowlimg. H. A. Kent J. J. Driscoll J..S.,Freeman J.. T..Keel F. Hopewell Todd Wool On.motion duly made and'seconded„ the reading of the minutes of'the previous meeting was dispensed with. on motion of Mr. Freeman, seconded by Mr. Keel, it, was unanimously R1'SOLVEB: That a dividend of $1.75 per share on the Preferred Stock of this Company be and it hereby is declared,payable April 1,, 1941, to stock- holders of'record at the close of business March 15, , 1941. On motion of Mr. Bowling, seconded1by Mr. Driscoll, it was unanimously RESOLVED: That a dividend! of 300 per share on the outstanding Common Stock of this Company be and it hereby is declared payable April 1, 1941, to stockholders of record at the close of business March 15, 1941. On motion of Mr. Bowling, seconded'.by Mr. Keel„ it was unanimously RESOLVED: That the Transfer Books of the Registered Seven Per Cant Bonds of this Company shall be closed at twelve o'clock noon March 15, 1941, for the payment of interest thereon, due April 1, 1941,, and' shall be reopened at ten o'clock A.M. April 2}194.1. on motion of M'r. Kent, seconded by Mr. Bowling, the fo3lowing,adver- tising expenditures were in all respects approved, ratified, and confirmed: Contract.dated February 7, 1941 with Cole Brothers Circus covering advertising of' OLD GOId9 Cigarettes and BEECH-NUT Tobacco in.circus programs during, the 1941 sea- son, under terms and conditions therein set out, at a cost.of' $200. Contract dated February 11, 1941 with TheSporting News, St. Louis, Y6o.,, for base- ball books therein described, to be used in advertising Company products and for premium purposes,,under terms and conditions therein set out. Estimate #35. of'Iiouis. Kram IInc. dated'~February 19, 1941 covering OLD GOLD Cigar- ette advertising in foreign language newspapers therein set out, February 24 through May 2/i, 1941, at a cost of $23,390.95. Estimate #$-Supplement A, of J. Walter Thompson Company dated February 14, 1941 covering two annoYmcements in Febroary issues.of the New York Post of the OLD GOLD'. Benny Goodman Radio Show, at a cost of $75.60. Estiim®.te:#19of J. Walter Thompson Company dated February 17,:, 1941, covering news-paper advertising of OLD'GOLD Cigarettes in Chicago, Boston, and New York City, February 18 through August 13, 1941, at a cost of $156,950.04. 88111637