Tobacco Documents Online

JanuarV 6,, 19L:3 pany A re6ular meeting of the Executive Committee of t'. ;,oriliard Com- r-as held today at the office of the Company, 119 West Luth Street, irew YorkCity. There were eresent kessrs.: Hi. A . Kent G. D. V4hitefield' J. S. Freeman J. J'. Driscoll F. Hopewell J'. T. Keel Todd YKool. In the absence of Mr. Hummel,, Chairman, Mr. Kent, Presid'ent, pre` sided, and the Secretary acted as Secretary of'the meeting,. On motion duly made and seconded, the reading of'the minutes of the previous meetimg,was dispensed with. On motion of Nir.. Keel, seconded! by 'Ar. Freeman,, it was unanimously RESOLVED: That the action of'the President and the Treasurer of this Company in renewing on January 4, 1943, on behalf of this~Company, the loan made October 5',,1942 from the Chemical Bank & Trust Company, 165 Broad- way, New York City,, in the sum of Ohe. jAiillion Dollars (91,,0(iG,000) and in executing and delivering in the name of this Company its promissory note evidencing said debt, bearing date of'January 4, 1943, and payable at said bank ninety (90)' days from said d'ate,, with interest at the rate of'l2y~per annum from said date„ be and the same hereby is in all respects approved, ratif'ied, and confirmed.. On motion of' Mr. Driscoll, seconded by iar. H'opewell, it rras unanimously RESOLVED: That the action of the President and the Treasurer of' this Company in renewing on Januaryr 6,, 1943, on behalf of this Company, the, loan made October 8, 1942 from the National! City Bank of' New York,, 55 NVall Street, New York City, in the sum of rive Hundred Thousand Collars (,6150C',00C) and in executing and delivering in the name of this Company its promissory note evidencing said debt, bearing date of'J'anuary 6, 1943, and'payable att said bank ninety (!9G) days from said date, with interest at ttie rate of 111'%1 per annum from said ciate,, be and the same hereby is in all respects approved, ratif ied, and' conf irmed'. On motion of iWir., Keel, seconded by Mr. t'lopeweli,, it was unanimously RESuLVED: That the following employments of salesmen, as listedd below, with the authorization of the Sales Dept. and the approval of G.D. Whitefield, Executive Vice-President and R%J. Halley,, Vice-Pr.esident, be andd the same hereby are in al]: respects approved, ratified, and confirmed: At the rate of: Effective:. Vernon Leroy Brown $25 per week 1/4/43 George Michael Hubbard' 25 n n u James Nathaniel Griggs 25 ~r n n On motion of' Mr. Freeman, seconded' by Mr. thitefield, it was unanimously RESOLVED: That the increase in salary of'Thomas H. Fletcher, due to promotion to Foreman in the Shipping, Department at the "Whitlock Bra.nch, s%7sse5

147 from the rate of *35 Wer week, to the rate of ',M0 per week, effective January~: 4, 1943, be and the same hereby is in all respects approved', ratified, andi confirmed. On motion of lAr. Hopewell„ seconded by Mr. ireeman, the followin~3 adver- tising, expenditures were in all respects approved, ratified, and confirmeci:. Estimates of J. Walter Thompson Company as f'ollows: #125 dated December 22, 194,22 covering radio advertising of OLD GOLD Cigarettes in the State of' Ohio, as therein set out, cturir_';, the month of January, 1943, at a cost of $575. r~7126 dated December 29, 1942 covering magazine advertising of` OLD GOLD C'igarettes,. February 1 through December 31, 1943, at a cost of $482,189.$9.. #127 dated December 29,, 1942 covering radio advertising,of OLD GOLD Cigarettes over 5tation WPEN, Philadelphia, Pa., January 4 through kpril 3, 1943, at a cost of 91,614.60. The Secrets:ry laid before the meeting the followings Lease dated tuovember 13, 1942 from Orleans-Huron Inc. (Lan6,, Weise & Cella,, Agents) of rooms 604-5 in the Orleans-Huron Bldg., 325 -P,'. Huron St., Chicago, Illinois, for one year from January 1, 1943, at an annual rental of 4,080„ payable monthly in ad- vance in equal installments of $90, under terms and conditions therein set out;. Lease dated December 28, 1942 from IndianalTerminal & Refrigerating Company, Indianapolis, Ind., of'room 313, Indiana Terminal''Viarehouse, S.W'. Cor. Pennsylvania & Georgia Sts., Indianapolis, for one year from January 1, 1943, at an annual rental of $360, payable monthly in advance in equal installments of $30;, under terms and conditions therein set out; Lease dated November 16, 1942 from Secretary of Banking, Commonwealth of Pennsyl- vania, Receiver of Erie Trust Company, throughA.B. Harris, Agent, of'suite 520 Erie Trust Bldg., E'rie,, ra., for one year from January 1, 1943) at an~znnual rentall of':j'p267'.96, payable monthly in advance in equal installments of $22.33, under terms and conditions therein set out; Lease dated November 29, 1942 from The Western &;outhern Life Insurance Company by The T.W. Grogan Company,, Agent, of' Room 306 Film Exchange Bldg., 2108' Payne Avenue,, Cleveland, Ohio, for one year beginning January 1, 1943', at an annual rental of 9462, payable in advance in equal monthly installments of $38'.50,, under terms and conditions therein set out; Lease dated November 16, 1942 from State 2utual Lif'e Assurance Co. ('Adams-Cates Company, Agent) of'room #201 Peachtree Bldg., 291 Peachtree St. N.E., Atlanta, Ga., for one year from January 1, 1943, at an annual rental of $420, payable monthly in advance inequal installments of'935, under terms and conditions therein set out; Renewal of lease from Trustees & Managers of'Buhl Foundation,, through E.A. Hess Company, Agents,, of rooms 2318-19-20 in the Martin Bldg.,, 119 Federal St. N.Pf.,, Pittsburgh, Pa.,, for one year from January 1, 1943, at a monthly rental of $70,, subject to a rebate of 95 if paid by the 10th of the month; Renewal dated'December 3, 1942'of lease from the Estate of Charles Hirshon, of room 804 in building #14B-56 West 23rd St., New lork City, for the further period' of one year from January 1, 1943, at an annual rental of' 41,,200, payable monthly in advance under terms and conditions therein set outy, each of which 58676286'

148 On motion oi kr. Whitef'ield, seconded by ia'r. priscoll, was in all respects approve&,, ratif i:edi,, ana conf irmed. On motion Guly made and seconded, the meeting,adjourned. Secret4ry