Tobacco Documents Online

April 7', 1943' A regular meeting of the Ekecutive Committee of P. Lorillard Company was he1.d! today at the office of the Cbmpany, 119 West 40th Street, New York City. There were present Messrs.: G. H. Hummel H. G. E. W. F. J. L. A. Kent D. Whitefield S. Bowli:ng J. Halley Hopewell T. Keel E. Clemens, Asst. Secretary Mr. Hu;mmel, Chairman, presided and~the Assistant Secretary acted'as Secretary of' the meeting. On motion duly made and seconded, the reading of the minutes ofthe previous meeting was dispensed with. On motion of Mr. Hopewell, seconded by Mr. Keel, it was unanimously RESOLVED: That the action of'the President and the-Treasurer of'this Company in renewing,on April 5, 1943',, on behalf of'thi:s Company,, the loan made January 4, 1943, from the Chemical Bank and Trust Companyy- 165 Broadway, New York City, in thee sum of'One M'illion Dollars ($1,000,000),, and in executing and delivering in the name of this Company its promissory note evidencing said debt,,bearing,date of April 5, 1943, and payable at said bank ninety-two (92) days from said1date, with interest at the rate of 1-21% per annum from said date, be and the same hereby is in all re- spects approved, ratified, and'confirmed. On motion of' Mr. Hopewell, seconded by Mr. Bowli'ng,, it was »nanimousJ~y RESOLVED: That the action of'the President and the Treasurer of' this Company in renewing on April 6,, 1943, on behalf' of this Company,, the loan made January 6,. 1943, from the National City Bank of New York, 55 YPall-Street, New York City,, imu the sum of'Five Hundred ThousandiDollars ('$500,000),,and in executing and delivering in the name of this Company its promissory note evidencing said debt, bearing date of'A'pril 6, 1943, and payable at said bank ninety-one (91)idays from said date, with interest at the rate of 12% per annum f,rom said date, be and the same hereby is in all respects approved, ratified, and confirmed. Onimotion of' Mr. Halley, seconded by Mr. Keel, it was unanimously RESOLVED: That th;e action of' the proper Officers of this Company in executing and issuing a proxy or power of' attorney to G.D. Whitefield and Todd Wool, or either of them, to vote at the-annual meeting of stockholders of Federal Tin Company held on March 26, 1943, all of the stock of that Company which this Company is entitled to vote,, be and the same hereby is in all respects approved, ratified, and con- firmed. On motion of Mr. Keel, seconded by Mr. Hopewell, it was unanimously RESOLVED: That the following employments of salesmen,, as listed below, with the authorization of the Sales Dept. and the approval of G.D. Whitefield, Baeecutive Vice-President and' W.J. Halley, i'[icea-President, be and the resp.ects, approved, ratified, and confirmed: Charles Edward'Pierce Thomas James Thornion Hughlon Hubert Rouse Burion scar Richey Stuart ~dell Bonner James Willi.am Lowry (whse.packer) At the rate oft $25 per week 18', n n 25 n n 2 , n n n u 34 n. n same hereby arein all Effective: 3/29/43 4/1/43 4/5/43 n n a

_':. C l!'aJ'. On motion of Mr. Halley, seconded by IJir. i7hitefield,, it was unanimously RESOLVED: That the fo]1oviing employments at the New York Office be and the same hereby are in all respects approved',, ratified,, and confirmed: At the rate of: Effective: t A diti D ep .. u ng Aloysiius J. Harte 935 per week 3/29/43' Social Security Dept. Miss Catherine Condon 30 n' n 4/>/43' n Sbptiie Jiacob 25 n n ,11 On motion of' Mr. Kee7., seconded by Mr. Bowling, it was unanimously at Old Gold Bt., RESOLVED: That the employment of' Jacob 0. 0ma:and' as Master Mechanic/ at a salary at the rate of $350 per month, effective April 4190P, be and the same hereby is in all respects approved,, ratifiied!,, and confirmed. On motion of Mr. Bowling, secondi;diby bir. Hopevrell, it was unanimously RESOLVED: That the increase in rate of pay of Thomas 0. Hare, pro- moted from Watchman to Foreman at the Whitlock Branch, from 51¢' per hour, to the rate of' $32 per week, effective March 29, 1943, be' and the same here- by is in all respects approved, ratified„ and confirmed'.. On motion of' Mr. K'ent, secondedi by Mr. tiYhitefield, the following ad- vertising expenditures were in all respects approved, ratified, andicon- firmed: Contract dated March 26,,,1943 for a page advertisement of'OLD'GOLD Cz:gar- ettes in journal to be published in connection with the benefit concert on April 11, 1943 of the Ambij'an Committee for Emergency Aid to the Soviet Union, at a cost of 9250. Estimate #5 of' Lennen & Mitchell Inc. dated April 2, 1943 covering adver- tising of BEECH.-Ni1T' Chewing Tobacco iniThe Sporting News, during the 1943 season, at a cost of $2,833.50. Estimates of J. Walter Thompson Company as follows: #109 Supplement B dated March 24, 1943, covering radio advertising of'OLD GOLD Cigarettes as therein set out, March 29' through June 27', 1943', at a cost of'$14,950. #125 Supplement C' dated March 24, 1943, covering radio advrertising, of' OLD GOLDi Cigarettes in Cleveland,, Columbus, Steubenville and Youngstown, Ohio, April 1 through April 30',, 1943', at a cost of $575'., #142 dated April 1, 1943 covering radio advrertising of'qLD GOLD Cigarettes over Station WJJD, Chicago,, Illinois, as therein set out, at a cost of' $10,,0b2'. 50 . The Secretary laid before the meeting the following: Agreement dated March 17, 1943' with Nest Virgiinia Coal & Coke Corporation for the purchase of coal for use at the Middletown, Ohio plant of'the Cbm- pany„ April 1, 1'943 to March 31, 1944„ under terms and conditions therein set out; ss67szi!) Contract dated March 25, 1943' with, Imperial Coal Corporation, Johnstown, Pa. for purchase of coal for use at the Jersey City, N.d'. plant of' the Com- panpr, ApriL 1, 1943 to March 31, 1944, under terms and conditions therein set out;

181 Agreement dated March 23, 1943 with Eastern~Coal Sales Company for the purchase of' coal for use at the Middletown, Ohio plant of' the Company, April 1, 19&to~ March 31, 1944, , under terms and conditions therein set out; each of' which On motion of Mr. Hall'ey,, second'ed by Mr. Keel, was in~ all respects approved, ratified,, and confirmed. On motion of Mr. iCent,, seconded' by Mr. Bowling, it was unanimousl'y RESOLVED: That the Company contribute an~ additional 82',00&to~ the Red Cross War Fund, this amount to be allocated to the New York City district. On motion duly made and seconded, the meeting,adjourned. Assistant Secretary