Tobacco Documents Online

November 25, 19,42 ' A regular meeting of the bcecutive Committee of P. Lorzllard Company was held' today at thee office of the Company, 119 West 40th Street, New York City. There were present Messrs.: G. H. Hummel H. A. Kent G. D. Whitefield. VF~.J. Halley J. S. Freeman. J. J. Driscoll F. Hopewell J. T. Keel T. L. Perkins, Asst. Secretary The Chairman of the Board presided the Assistant Secretary acted as Secretary of the meeting. On motion duly made and seconded, the reading of the minutes of the previous meet3ing was dispensed with. On motion of~ Mr. Keel, seconded by~ Mr. Whitefield,~ it~ was~ unanimously ~ RESOLVED':That the act3.on ofthe President and the Treasurer of this Company in borrowing, on November 20, 1942, on behal.f'of' this Company from the Central Hanover Bank & Trust.Company, 70 Broadway, New York, New York, the sum, of One Million Dollars. (U,000,000) and in executing and delivering in the name of this.Company its promissory note evidencing said demt, bearing said date and payable at said bank ninety (',90) ds.ys from said,date,, with interest at the rate of l-12% per annum from said date, be and the same hereby is in all respects approved, ratified, andconfirmed. On motion of' M'r. Driscoll, seconded by Mr. Hopewelil„ it was unanimously RESOLVED': That the following employments be and'the same hereby are inall respects approved, ratified, and confirmed: Old Gold Branch J ll (As lian A t W Fo At the rate of: Effective: 0''1 u s .. . a reman, Stemmery), U0 per week 11/16/42 Gb YPinfiel!d J Toome (Ins ector ~ y . p , Leaf Dept.) 30'." " 11/17/42 Oa. M~+ William Whittaker (Inspector, Stemmery) 30, " n 11/18/42 ~ On motion of Mr. Hopewell, seconded by Mr. Keel, it was unanimously RESOLVED'.: That the following inereases in salary of salesmeny, all of them being incident.to the terms of'wage agreements or to established wage rate schedu]les covering work assignments and in operation of an established plan of wage increases basedupon length of'service, be.and the same hereby are in all res ects a roaed ratified and c nfirme d p , pp , F o rom the : rate of: To the rate of: Effective: Wilas, Paul Owen $20 1per week 923 per week 11/30/42 John Leo Clark 25 " "' 28 11 n n Paul Francis Haggerty 25 "' "' 2gl n n " Daxe Robert Jones 25 " n 28,n n n Mar tin Pat. VPe.ntland 25 n n 2g, n n n On motion of Mr. Hopewell, seconded by Mr. Driscol, it was unanimousi.,yr RE.SOLVED:, That the increase in salary of John Anthorq McGlone,, from

136 the rate of ?k35 per week, to the rate of $38 per week, effective November 30, 1942, incident to established wage rate schedules covering work assignments and due to promotion to Sea Stores Salesman, be and the same hereby is in all respects approved, ratified,,and confirmed. On motion of Mr. Freeman, seconded by Mr. Whitefield, it was unanimously RESOLVED: That the increase in rate of'pay of' Lyman Yahle, pro- moted and placed in charge of Stemming Machines at the Danville Leaf Depart- ment,, from the rate of' $27«50 per week, to the rate of $35 per week, effec- tive November 25,, 1942', be andithe same hereby is in all respects approved, ratified, and confirmed.. On motion of' Mr. Kent, seconded by Mr. Hopewell, the follows;ng, ad- vertiising,expenditures were in all respects approved, ratified, and confirmed: Estimates of J. Walter Thompson Company as follows, #100-Supplement A dated November 17', 19L;2,, covering radYio advertising, of OLD GOLD Cigarettes over Dartmouth College Station DBS, Hanover, K.Hi., November 23 through December 4, 1942, at a cost of $60. #103-Supplement A dated November 18, 1942, covering radio advertising of ' OLD' COLD, Cigarettes in C].eveland',, Columbus, Steubenville, and Youxlgstown, Ohio,, December 1 through December 31, 1942, at a cost of $575 • #105' dated November 19!, 1942 covering radio ad~rertising of OLD GOI.D Cig$.rettes over Station WHN, New York City, November 16 through December 31, 1942, at a cost of $'1.0,766,b7. #106 dated November 17, 1942 ccovering advertising,of'OLD GOLD'Cigarettes in the Metropolitan Opera Program, for a period of sixteen weeks beg~nning November 23, 194.2', at a cost of' $2, 555 •E0 • On motiomduly made and seconded, the meeting ad'journed.. .. Assistant Secretary