Tobacco Documents Online

September 15, , 1943 235 A regular meeting of'the Executive Committee of P. Lorillard Company was held today at the office of the Company, 119 West 40th Street, N~ew York Ci:ty.. There were present Messrs.: G. H. Hummel H. A. Kent. G. D. Whitefield E. W'. Bowling W. J. Halley F. Hopewell H. F. Temple Todd Wool Mr. Hummel, Chairman, presided, and the Secretary acted as Secretary of the meeting. On motion duly made and seconded, the reading of the minutes of the previous meeting,was dispensed with. On motion of Mr. Hopewell, seconded by Mr. T'emple,, it was unanimously RESOLVED: That the action of the Executive Vice-President and the Treasurer of this Company in renewing on September 13, 1943., on behalf' of' thi:s Company, the loan made June 14, 1943r from The bew York Trust Company, 100 Broadway, New York City, in the sum of'Une Million Dollars ($1,000,000), and in executing,and' d'eliivering, in the name of' this Company its promissory note evidencing said' debt, bearing date of'September 13, 1943, and payable at said bank thirty (30) days from said date, with interest at the rate of Iz% per annum from said date, be and the same hereby is in all respects approved, ratified, and confirmed. On motion of' Mr. Halley,, seconded by Mr. Hopewell, it was unanimously RESOLVED: That the employment of Thomas Genovese as Inspector at the Old Gold Branch, at a salary at the rate of'$30 per week, effective September 3, 1943, be and the same hereby is in all respects approved, ratified, and confirmed. On motion of M'r. Bowling, seconded by Mr. 'Nhitefield, it was unanimously RESOLVED: That the following employments of salesmen, as listed belovr, with the authorization cf the Sales Dept. and the approval of two of the following: G.D. Whitefield, Ececutive u'ice-Presid'ent,, W.J. Halley and E.S. Bowling, Vice- Presidentsy, be and the same hereby are in all respects approved, ratified, and confirmed: At the rate of: Effective: J. Harold Holloway (reemployment)' $35 per week 9/13/43 Chamian Blue (Miss) 35 Ommotion of' Mr. Temple, seconded by Mr. Kent, it was unanimously RESOLVED: That the increase in salary of' MartinMa.ybrey Murray, Salesman, from the rate of'$25 per week, to the rate of'S28'per week, effective September 20,, 1943'r,beiagi incident:to~ theterms~ ofsa]larya~greementsor toestablishedsal:ary plan rate schedules covrering work assignments and in operation of an establ:ishedn of salary iincreasesibased~upon merit and/or lengthlof' service within established rate ranges, be and the same hereby is in all respects approaed,, ratified, and' confirmed.. Ou motion of' Mr. Halley, seconded by Mr. Bowling, it was unan3imouslF RESOLVED: That the increase in salary of Joseph, T. Transou, promoted'to s8697sz791

Assistant Shipping,C]lerk at the Pthitlock Branch, from the rate of $32.50 per week, to the rate of'$3'5 per week, effective September 6, 1943, be and the same hereby is in all respects approved, ratified,, and confirmed. On motion of Mr. Hopewell, seconded by Mr. Halley, it was unanimously RESOLVED: That the increase in salary of George Cooper, Night Foreman at the Louisville Branch, from the rate of $30 per week, to the rate of $33' per week, effective September 16, 1943, being,incident to the terms of salary agreements or to established salary rate schedules covering work as- signments and in operation of'an established plan of salary increases based' upon merit and/or lengthlof service within established rate ranges, be and' the same hereby is in all respects approved, ratified, and conf irmed.. On motion of'Mr. Bowling, seconded by Mr. Hopewell, the following ad- vertising expenditures were in all respects approved, ratified, and confirmed: Contract dated September 3, 1943 with Franklin Field Illustrated',, University of Pennsylvania, Philadelphia, Pa., covering advertising,of OLD GOLD Cigar- ettes in programs for football games therein set out, at a cost of $263.50. Contract dated September $, 1943 with Princeton University Athletic Associa- tion, Princeton, N.J., covering advertising of OLD GOLD Cigarettes in pro- grams for football games therein set out, at a cost of $110. Contract dated August 25, 1943 with Navy Athletic Assn.a Annapolis, M'd.,, covering,advert3Lsing of OLD GOLD Cigarettes in programs for football games therein set out, at a cost of $225. Contract dated September 3, 1943 with Don Speneer Co., Inc., New York, N.Y.,, co.vering advert3ising,of OLD GOLD Cigarettes in programs for football games therein set out, at a cost of $7,039.40. Est. #121+ ' Supplement C of Jf . Walter Thompson Company, dated September 1, 1943, covering, advertising of ULD GOLD Cigarettes over Station YffAF, New York Cityr, October 1 through Uctober 22, 1943, at a cost of $3',312•33'- The Secretary laiid'before the meeting,the following: Lease dated August 19, 1943' from Ideal Investilag, Inc. of the entire 10th floor of 119 West 40th St., New York City, for a term of two years and five months from September 1, 1943,, at an annual rental of $$,500„ payable in equal monthly installments in advance, underl all the terms and conditions contained in lease of the 18th, 19th, and 20th floor of said bu ].ding dated' February 5, 193fi,, and extensiion thereof dated October 26, 1939; Sub-lease by this Company from Clarence FL. Harville of building located on Harville Lot, fronting on -flilson St., Danville„ Va., owned by Grasty Crews, for tobacao~ storage, on a month to month basiis, beginning,November 15, 1943, at a rentql of $175 per month,, payable inn advance; Lease dated August 16, 1943' frcaD Western District Warehousing:_Corporation of storage warehouse #58L4 Camp Taylor, KKy., for one year from January 1, 194'4, at an annual rental of Uy©!, payable monthly in advance, under terms and conditions therein set forth; Lease dated August 16, 1943 from Western District Warehousing,Corporation of'storage warehouses#582 and #583 in Camp Taylor, Ky., for one year from January 1, 1944r at an annual renter1-of $6Q0, payable monthly in advance„, under terms and conditions therein set forth.', sas7s260 .

Grl 3' 7 Lease dated August 16, 1943' from Western District YOarehousing, Corporation of storage warehouse #674 in Camp Taylor, Ky., for one year from January 1, 1944, at an annual rental of'$1,5Qa, payable monthly in advance, under terms and con- ditions therein set forthr. Lease dated August ]:6, 1943 from Western District Warehousing Corporation of' storage warehouse #675 in Camp Taylor,, Kyr., for one year from January 1, 1944, at an annual rental oft,1,5GC, payable monthly in advance, under terms and conditions thereiJn set forth; ea&of' tivhich On motion of Mr. Kent, secondiediby Mr. Bowling, was in all respects approved, ratifled, andiconfirmedi. On motion duly made and'seconded, the meeting adjourned. Secretary