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Philip Morris

Tobacco Cos. Set to Spend $80 Million

Date: 19591216/P
Length: 1 page
1003543519
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Type
NEWS, NEWSPAPER ARTICLE
Area
JOHN-WARE,JUDY/SHB FILE ROOM
Site
R22
Named Person
Richards, J.P.
Named Organization
TI, Tobacco Inst
Request
Stmn/R1-037
Document File
1003543302/1003543654/600000 TI and TIRC Editorial Comment Informational
Litigation
Stmn/Produced
Author (Organization)
Journal of Commerce
Master ID
1003543302/3654

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Characteristic
EXTR, EXTRA
Date Loaded
24 May 1999
UCSF Legacy ID
pqv02a00

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Page 1: pqv02a00
a .~ r) 4T Y. r THE JOUIZNAL OF COMMCE New York, New York December 16, 1959 T obacco Cos. Set "toA Sperid &80 Miltio,n Spectal to Journai of Commerce WASHINGTON.-U. S. tobacco VS; , industry.plans so far calT for ex- penditures penditures of $80 million over the i~ aext two years to bnild new or . ~ . Improve existing manufacturing, processing and research facili- ties, according to James P. Rich- ards, president of the Tobacco Institute, Ine. Similar capital' expenditures by the industry during the past nine years totaled $314 million, ac- cording to a survey conducted ; bY the institute. . ;• , ; $8 Mlllion For Research Expansion of research facilities accounted for more than $8 mil- 1'ion of the total outlay. ; Also included in the improve- . ., i r< , r r f ment and, expansion program to date is an item of more than j164 million for new machinery, representing more than half, of the tot'al.expeditures. Buildings constructed by lead- ~m ing manufacturers of' cigarets, chewing *and smoking tobacco and'snuff, in addition to factories, included new lgaf stemming and re-drying'facilities, storage wareo- ; houses and office spaces. ., , r f 1; :r. a '•- 7C' , ~ . t~~y Frr t::i r ~t ~"I~tI30P{ Altoona, Pennsylvania October 19, 1959 ;.Tes, It's Necessary. BACGO, SOMETIMES referred to as a weed, now wants to ' share in all this popularity and pub- ; licity, especiaily sizlce It is taxed highest of many products, as well as £'used by a good many people. ;:. From the Tobacco Institute, which publishes a news agazine, comes a story stating that tobacco has helped win wars for it is a "fighting man's" real need. Authority for the value of tobacco is the United States Depart- ment of Agriculture which has just r f<i' announced that •it plans to assure to- ;. }; bacco supplies to fighting forces in any fLTture War. C "' ;"The hi:.torie3i of all majo:~ con- ;flicts in the latit century ara filled Wr': ... . . J . . . with vivid testimony to the value of ~ tobacco as a morale booster tq fight- ~'ing men and civilian *orkers alike,"' says the Tobacco News item. tight cigarets using the "I shall re- turn" slogan of General MacArthur, and this spurred the forces to greater ; In fact, the cigaret helped win the war in the Philippines for the armed forces received packages of water- action. troops, appealed, "If you can't send The story tells of tobacco being used for barter and for currency. Gen. Washington, as head of the money, send tobacco." Gen. P ershing wrote from France in 1917, "You ask what I need to win the war. I answer tobacco as much as bullets." And finally President Franklin D. Roose- velt in 1942 put tobacco way up in the ranks of necessary products by declaring tobacco as essential a crop as food and fiber. So it is an ancient and honorable fashion to light up, or chaw tobacco, whichever you desire. This tobacco brings in a lot of revenue for Uncle Sam. Remember, half the cost of every cigaret package is tax. ~~'

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