Tobacco Documents Online

September 18, 1942 99~ was. A regular meeting of' the Board of Directors~ of' P'. Lorillard Company held today at the office of'the Company, 119'west 40th Street, New York City. There!were present Messrs.t H. A. Kent G. D. Whitefield E. S. Bowling W. J. Halley J. S. F'reeman J. J'. Driscoll F'. Hopewell Buford Scott J. A. Glascock Todd Wool In the absence of Mr. Hummel, Chairman,, Mr. Kent, President, presided, and the Secretary acted as Secretary of the meeting., On motion duly made and secondled,, the reading of tY1e minutes of the prey vious meeting was dispensed:1 with. On motion of'Mr. Halley, seconded by Mr. Driscoll, it was unanimously RESOLVED: That the action of the Officers of'this Company in with- dravring $300,000 face value U.S. Treasury Notes of Tax Series B'from the Treasury of the Company at the Guaranty Trust Company of'New York, 140 Broadway, New York City, for the purpose of using said tax notes to make payment on account of 1941 United States Income Taxes of'the Company, be and the same is hereby approved,, ratified, and confirmed in all respects. On motion of Mr. Bowling, seconded by Mr. Hopewell, the following adver- tising expenditures were in all respects approved, ratified, and confirmed: Contract dated September 1, 1942 for a page advertisement of Company products in the journal for the Seventh Annual Banquet of the New York Retail Tobacco Council I!nc., to be held October 10, 1942, at a cost of $500. Contract dated September 2, 1942'for a page advertisement of C'ompany products in the convention booklet of`the O1tJ.ahoma Association of'Tobacco Distributors Inc.. at a cost of $100. Contract dated September 10, 1942 with Harry M. Stevens Inc. for a page advertise- ment of' OLD GOLD Cigarettes in the official program of' the 1942' World Series Base- ball games to be played at Yankee Stadium, New York City, at a cost of $200, Estimate #44-A,of'Louis Kram Inc. dhted!September 4, 1942'covering,advertising of' OLD GOLD'Cigarettes in foreign language newspapers therein set out, October 5 through October 16, , 1942, at a cost of $4,,042.g6. Estimate #44-B of Louis Kram~Inc. dated September 4, 1942 covering advertisi'ng,of OLD'GOLD Cigarettes in foreign language newspapers therein set out,, September_7 through October 16, 1942, at a cost of $3y511.53. 8&111 ~398'Esti_mates of J. Walter Thompson Company as follows:. #90 dated September 4, 1942 covering radio advertising of' OLli UOLD Cigarettes over Station WAPO;, Chattanooga„ Tenn.,, September 8 through October 5, 1942, at a cost of $560. #52-Supplement B dated September 3, 1942 covering radio advertising of OLD GOLD Cigarettes in the New England States, September 28 through December 31, 1942,2 at a cost of $23',,459'.25.

100 #91 dated September 8, 1942 covering radio advertising,of OLD GOLD -C3garettes over Station WFCI, Pawtucket, R.]f., September 10 through. September 30, 1942, at a cost of $11,4.. #82-Supplement H'dated September 4,, 191,.2 coaering newspaper advertising of' OLD' GOLD' Cigarettes during September,, 19L,;2„ as therein set out, at a costt of $10„619'. 34 • . i77'-Supplement C dated September 10, 1942 covering radio advertising of OLD GOLD'Cigarettes over the Columbia Broadcasting System, October 28, 1942 ' through January 20„ 11943, at a cost of 82L,:5,748'.97. #84-Supplement C dated September 11, 1942 covering radio advertising of' OLD GOLD Cigarettes over Stations VYREC,, Memphis, and VYSM, "N6shv3,lle,, Tenn. September 29 through December 31, 1942, at a cost of $7,557.43. 490-Swppl.ement A dated September 11, 1942 covering radio advertising of OLD GOLD'Cigarettes over Station VPAPO„ Chattanooga, Tenn., October 6 through December 31,, 1942, at a cost of'$1,618.7g'.. #92 dated September 14, 1942' cover'ing, radio a'av`'ertising of OLD GOLD Cigarettes over Station WHH,, NewY'ork City, September 29' through December 29, 1942, at a cost of' $840. The Secretary laid before the meeti.ng,the followzng;! Lease dated June 11, 1942'from Frances F. Gary, et als,, of warehouse lo- cated on Brearly St., Madison, Wise., as therein described, for one year beginning Sept. 1, 1942, at an annual rental of $2,400, payable monthly in advance;. Lease dated August 26, 1942 from Western District Warehousing,Corporation, of'storage warehouses #582 and'583, Camp Taylor, Ky., for one year be- ginning'January 1, 1943, at an annual rental of $600, payable monthly in advance, under terms and conditions fully set out therein;. Lease dated August 26, 1942 from Western District Warehousing Corporation,, of storage warehouse #584, Camp Taylor, Ky., for one year be ginning January 1, 1943, at an annual rental of $450, payable monthly in advance, under terms and conditions fully set out therein; Lease dated August 26, 1942 from Western District Warehousing,Corporation, of storage warehouse #674, Camp'Taylor,, Ky., for one year and one month be ginni'ng December 1, 1942 and ending January 1, 1944, at a rental of $1,625, payable monthly in advance, under terms and conditions fully set out therein; Lease dated August 26, 1942 from Western District Warehousing Corporation, of storage #675, Camp Taylor, Ky., for one year beginning January 1, 1943, at an annual rental of $1,500y, payable monthly in advance, under terms and conditions fully set out therein; each of which On motion of Mr. Driscoll, seconded by Mr. Hopewell, was in all respects approved, ratified, and confirmed. On motion duly made andiseconded, the meeting,adj'ourned.. C-71 Secretary