Tobacco Documents Online

24 2ucto:oer 6, 1~~~,3. r. rejular ;,eeting of' the~ Executilre Comirnittee of' P. Lorillard Company vaas held today at the office of' the Comrany,, 119 'fi;est 40th Street, New- York city. `l'hei•,e were present Priessrs.: Yl. r;.. Kent uI. E. .;. lli. S. J. Wtstefield' Bowling, Halley J. J. S. T. Freeman Keel F. H. Hopewell 1P. Temple. Todd Wool In the absence of L"tr., Hummel, Ohairmb:ni, Mr. Kent, President, : resided, and the Secretary acted'as Secretary of the meetino. On motion duly made andi seconded, the reading of the minutes of'the Nre- vious meeting was dispensed': vvith. On motion of mr. itihitefield, seconGedd by Mr. Temple,, it was unanimously rtESOiVED: That the action of' thePresident and the Treasurer of'this Company in renewing on October 4, 1943'y onibehalf'of'this Companf, the:loan made July 6, 1943, from the Chemical Bank and Trust Company,, 165 Broadway,, New York City, in the sum of Une Million, Dollars ($1,,Oid0,000), and in executing and delivering "in, the na.me of this Company its promissory note evidencing,said d'ebt, bearing date of'0ctober 4, 1943,, and'payable at said bank thirty (30) deys from said date, with interest at the rate of'12x per annum from said'date, be and the same hereby is in all respects apyroved,, ra:tified„ and. confirmed. On motion of Mr. Freeman, seconded by hir. Hopewell, it was unanimously RESOLVED: That the action of'the President and the Treasurer of tnis Oom;;any in renewing, oni uctober 4, 1943, on, behalf' of' this i;o,npany, the loan made July 6, 1943, from the: National City Bank of' IWew York,, 55 t';all Strect, New Y'ork City,, in the sum of rive H'undred `lhousand Dollars U1500,0G0), and in executing and' delivering , in the name of' this l:omi a.ny its promissory note evidencing said debt,, beari'ng,date of October 4, 1943, and payable at said bank thirty: (30) days from said date, with interest at tfie. rate of l~i~ per annum from said'de.te,, be: and the same hereby is in all respects approved, ratified, and confirmed. On motion of' lWir. Keel,, seconded by Mr. Hopewell, it wasiunanimousZy RESOLVED: That the following,emyloyments 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. :Ialley, Vice-President, be and the same hereby are in all respects.approved, ratified, and confirmed: At the rate of': Eff ective : •:"illiam ':,orth Davis $25 per week 10/4/43' Laurence Paul 30 n r~ ry Berr.ard' Francis Con2ff' 30 n n if iobert Ernest Howe 25 10/11/43' On motion of Mr. hopewell, secondedby Mr. Freeman, it was unanimously RESOLVED: That the following,increases in salary of warehouse packer, sas7s0"4ss

42) ,4 3 warehouse custod'ian,, and salesmen, each effective October lil, 1943', being inci- dent to the terms of salary agreements or to established salarg rate schedules covering work assignments and in operation of' an established plan of salary in- c„eases based' up on merit and/or length of service riithin established rate ranoes,, be and the same hereby are in all respects approved, ratiified,, and confirmed: From the rate of : To the rate cf':. Herbert utto Manning "~.,~ 0 ~ 0 yer week -~23 per we ek Thelma Densmore i,ilds (iars.), 18 20 tr n. Ralph Perkins 25 „ „ 28 ~~ ,,. W. 0. Larue 25 „ „ 28 ~' ,t, On motion of' Mr.. expenditures were in Halley, seconded by Mr. Mof;ewe171, the following advertising all respects approved, ratified, and confirmed: Contract dated uctober 1, 1943' .-rith Morton Uutd:oor Adv. (;o.,, Baltimore, i~:;di.,,, for posting monthly 1„8'02 sta.ndard'size 3-sheet panels advertising Company prorfucts, at a co t of'~3 per panell per month, from January 1, 1944 through December 31, 1944, under terms and conditions therein set out. Contract dated October 1, 1943 with Dick Cavanaugh, Grove City, Ohio,, for posting monthly 100 standard size 3-sheet panels advertising Company products, at a cost of S2.25 per panel per month, from January 1, 1944 through December 31, 1944, under terms and'conditions therein set cut. Contract dated October 1, 1943 with Paragon uutdoor Advertising Service, Chicago, Ill., for posting monthly 300 stande.rd' size 3-sheet panels advertising Company products, at a cost of'$3 per panel per month, from January 1, 1944,throug4 December 31, 1944. Contract dated Uctober 1, 1943 with Davis Outdoor Adver+ising,Company, Detroit, Mich., for posting,monthly 441 standard'size 3-sheet panels adeertising,Company products, at a cost of $2.25 per panel per month from January 1, 1944 throughi December 31, 1944. Estimate No. 143 Supplement A of J. Walter Thompson Co. dated September 28, 1943 covering advertiising, of' OLD GOLD Cigarettes in the World Series Edition of the St. Louis Sporting ivesss, at a cost of 4240. The Secretary laid before the meeti.ng, contract dated August 31, 1943' with Monsanto Chemical Company, St. Louis, %o.,, for purchase of Covmarin Monsanto during the period September 1, 1943 to August 31, 1944, under terms and conditions therein set out; which On motion of'Mr. Freeman„ seconded by Mr. Temple, was in all respects approved, ratified,, and confirmed. On motion duly made and seconded, the meeting adjourned. Secretary