Tobacco Documents Online

Uctober 28) 1942 1 42. '7 Aregular meeting of the Executive Committee of P. Lorillard Company was held tod4y at the office of the Company, 119' West 4Cth Street, New York City.. There itiere present Messrs.: H. A. Kent G. P. ;'shitefieLC E'. S'. Bowling J. J. Driscoll i"i'. J. Halley F. Hopewell J. T. Keel . Todd 3tool In the absence of Mr. HkunrneZ, Chairman, Mr. Kent, President, presided, and' the S'ecretary, acted' as secretary of the meetin,&. on motion duly made andi seconded, the reading of the minutes of the vre- vious meeting was dispensed with.' On motion of Mr. Keel, seconded by Ir. Bowling, it was unanimously RESOLV-ED: That the action, of' the President and the Treasurer of this. Company in borrowing, on uctober 2;4:', 1942, on behalf of this Company from trie Chemical Bank and Trust Company, 165 Broadway, New 'soric City, New 'lork, the suru of' Three Million Dollars (43, 000, 0i;0) and in executing and delivering in the name of' this Company its promissory note evid'encing,said debt, bearing said date and pay- able at said bank six (6)'montlis from said date, with interest at the rate of 1~' per annum from said date,, be and the same hereby is in all respects approved, rati- fied, and confirmed.. On motion of Mr. 4uhitefield,, seconded by ~dr. Bowling, it was unAnimc;usly' BEbOLUEDs iiiat the action or the fresident and the 'i'reasurer of tiiis Company in borrowing,, on uctober A,, 1942, on behalf of this Company from the Citizens Union hatiional Bank, Louisville, Nentucky, the sum of' 1--our Hundred '1'hou- sandi Dollars (~i-400,00U)' and in executing and deliverin& in the name of this Company its promissory note evidencing,said debt,, bearing said date and payable at saidd bank ninety (90) days from saldd date, with interest at the rate of 12% per annum from said date, be and the same hereby is in all respects approved, ratified, and confirmed. On motion of Mr. Bowling, seconded by Cfr. Driscoll, it was unanimously RESOLVED: That the employment of' Charles Hettinger as Ylant Engineer at the Old Gold Branch, at a salary at the rate of 4,'3?5 per month,,effective October 260 1942, , be and the same hereby is in all respects approved, ratit'ied, and conf irmed . On motion of Mr. ~,`nitefieid,, seconded by Mr. Halley, it was' unanimously RESOLVED: That the employment of" Miss Evelyn Kasof f as National Cash Machine Operator at the New York Uffice,, at a salary at the rate of' $25 per week,, effective October 26,, 1942, be arrd the same n:ereby is in all respects approv'ed, ratifiea, and confirmed. On motion of Mr. Bowling, seconded by kr. H'okewell, it was unanimously RESOLVED: That the foZlowing, employments of salesmen, as listed below, ., with the authorization of' the Sales Dept. and the approval of' G'.D. Whitefield„ Executive Vice-President and W.J. Halley, Vfice. President, be and the same hereby are in a11l respects approved, ratified, and emfirmed; b~r~~lls~

Bennie E. Lund tit the rate of: Effective; t25 per week 1J/26/1;2- Ricnard Edward Bullock 25 ° u On motion of &r. rialley, seconded by Mr., Lowling,, it was unanimvusly t,,SOi.VED: That the follosving, increases in salary of salesmen,, inci- dent to established wage rate schedules covering, work assignments and!diue to promotions, be and the same nereby are in all respects ap..:roved, ratified„ aria conf irmed : From the rate of :'1'o the rate of : Ef fective: Joe Burroughs Hogan $30 per week $3'3 per week 11/2/42 Francis George Sebaugh 32 n' " 35 n n n On motion of'Nir. Halley, seconded by Mr. Bowling, it was unanimously HFSflLVED: That the following increases in salary of' salesmen, all of them being,incident to the terms of rage agreements or to established wage' rate schedules covering,i~:ork assijnments and in operation of an establisned. plan of wage increases based upon length of'service„ be and'tne same hereby are in all respects approved,, ratified',, and' confirmeci,: From the rate of: To the rate of: Effective: Walter Edward Webber t20 per week $23 per week 11/2/42 Ra„vmond.I Woodrow Ke:Lley 20 n n 23 n n rr Merle Lynn 11'arrand 23 r, n 25 r~ r, n George Donavon Menees. 23 n n 25 n n n Ollie John Antonelli 23' rr rr 25 rr rr n Chester Miller dohnson 23 n, m 2 5 u r° n Albert Lloyd Darling 23 n n 25, n rr N Thomas Simmons Drayton Jr'. 25 n n 28 n n n, Bernard Oscar •lenier 25, n n 28 n n u J'ack Karrmann Daum 28 n 30 r rr n t7n motion of Mr. Bouvlingr secondedi by Mr. Hopewell, the f'o1lowing, acivertising, expenditures were in all respects approved, ratifiedi,, andicon- 1'irmed: Contract dated Uctober 21, , 1942 with Sportservice Znc., Bufi'alo, N.Y., cover- ing advertising of OLD GOLD Cigarettes in the Chicago 5tadium Review for a period of'one year beginnin;g,November 27, 1942, at a cost of :~'562.50. Contract dated October 23, 1942 with Madison Square Garden Corporation,, cover- ing advertising of OLD GOLD'Cigarettes in the Professional Hockey,, Boxing,, Championship r`ights and Rodeo Programs, covering events held at Madison Square Garden and Madison Garden Botivl,, November 1, 1942 through October 31, 1943, at a cost of $750. Estimate #47' of Louis Kram Inc. dated cJetober 19, 1942' covering advertising of OLD GOLD Cigarettes in foreign language newspapers therein set out, October 26 through December 19, 1942, at a cost of $19,973.12. Estimate #82 Supplement i~i of J. Walter Thompson Company dated' October 15,, *19L;2 covering, newspaper advertising o;f' OLD GOLD' Cigarettes in the St. Louis', Mo. Globe Democrat and Gi:ncizanati, Ohio Post,, October 19 through December 21 194;e, at a cost of$8,,650.t6. Estimate #97 of W.'r+aiter Thompson Company dated October 16y 1942 covering radio advertising of OLD'GOLD Cigarettes in Detroit, K:ich., October 19' through December 31, 1942'., at a cost of $]:,104. 6667616'`! Estimate #100'of'J« Walter Thompson Company dated October 20, 1942 covering

1~~ ~17~ ~ , radio advertising , of OLD G01,D Cigarettes over the lrltercolle6iate Broadcasting System, October 26 throu,~h December 31, 1942, at a cost of - :E'3',,'G7.;G. on motion of 1:r. halley,, seconded by Wr. BowlirLLg, it was unanimously RESOLVED: That this Company contribute an additional sum of !~5C0 to the Richmond, Virginia 'trar and Community F`und. On motion duly made and seconded, the ureetin.g adjoYUrned.. Secretary