Tobacco Documents Online

MI . 70 May 12th, 19201. A regular meeting, of the Board of Directors of °.Lorillard. Company, was held this day at the office of the Company, 119 Plest 40th Street, New York. There werepresent Messrs : TI. J. Maloney B. L. Belt U . H'. Harriss ^!. B. Rhett. Onmotion of Mr. Belt~, seconded by~Mr. Harris~~s,,, the reading of the minutes of' the previ'ous, meeting of the Board of Directors was dispensed with:.. The Secretar,y laide befbre the Board the following pro- posed contracts: Contract dated April 27th, 1920, with Steamship Fu,el Company, of New York CIty, New York, for furnishing, Bituminou~s Coal to the.Banner Branch. Contract dated April 27th, 1920!, with P. Ryan, o~fNew York City, New York, whereby said Company has agreed to purchase: from, this Company old' used'wooden packing boxes of' every sort and description which may be accumulated at our Marion Branch. Contract dated April 29th,, 1920,, with Dolphin Jute rlills, of Paterson, New Jersey, for furnishing Jute Twines, during, the period! from May 10thi, 1920,, to Nover.iber 10th, 1920. Contract dated May 12th, 19'20!, with Baltimore Belting Company, of Baltimare, Maryland, for fiarnis~hing Baltobe~lt and! Superior. On motion of Mr. Belt, seconded by Mr. Harriss, the said contraots were approve dand their execution in the name of the Company duly authorized. ..3:0 % tracts: The Secretary laid before the Boardg the~following co.n.- Contract dated April 27th, 1920, with OTtmer Iron ~`~orks , , of Jersey City, New Jersey, for Boiler Plant. . Contract dated April 19th, 1920,, with Edward Muller,, of

71 New York C ity, New York, for Boiler Plant. On~ motion of' r1r. Belt, secondied by Mr. Harri'ss,, itt was. RESOLU`E'D': That The New York Trust Company,, Transfer Agent of thi's Company be, andl it hereby is, authorized and directed to issue and deliver in the name of "IILLIAM B. RRI,TT, Agent, certificate or certificates for an aggregate of 20,211.4 shares of the Common Stock of this Company, the same being the 20,211.4 shares authorized by resolution of'the Board of Directors, dta,ly adopted at a repular meeting heldd oniMarch 10th, 19'20, to be sold to such personis as were then or might there- after be connected with the management and operation of this. C ompany. ~ !"YHEREAS' as compensation additional to their, salaries, and iniorder to induce their continuediservice with the Company and their continued and greater interest in its success and pros- perity, the Company, without direct expense to it, but, as this. Board' feels, with great advantage to it, should aid in, the fi- nancing of' Common Stock heretofore purchased by employees of the Company now held by the Guaranty Trust Company of New York ass collateral to a loan made by said Trust Company through "lilliam B. Rhett, Agent, AIdD.~REAS said Guaranty Trust Company is neither will- ing to~ increase thelaan by the sum:ofTwenty-three thousand! Dollars ($23,0'00), nor to refrain from requesting payment of the present loans outstanding, unless this Company gualrantees the. payment of the present loan, including the additional new loan, at the same time releasing,the present guarantors,i NOF:Y TMERFFORF' BEIT RESCLVI:D : That the President or Vice President and Secretary or Treasurer be and they are hereby authorized and directed, for and inithe name of this Company, to execute an agreement of guaranty, in such form als the Guaranty Trust Company of' New York may request and demand, covering pro- posed loan to '?VilliamiB. Rh:ett, Agent for Empioyees of P.Lorillard Company in an amount up to, but not exceeding, the sum of'One hundred forty-one thousand Dollars ($147,000'), secured by Common Stock of P. Lorillard Company.. The Secretary laid before the Board the followinE agre enuent : . Agreement dated March 23rd, 19'20, with Union Americax2' Cigar Company, of Pennsylvania, providing far the assignment to this Company as of April 26th, 1920, of' lease from Bates Brothers Real Estate Company covering land andbuilding a#,,: Southeast corner Market & Union Streets, Newark, New Jersey; also p4viding for

72 2 bill of sale covering, machinery and fixtures, ad!vertising stock, ,,terial, etc., the consideration to be paid by this Company to y,nion-American C'ompany being $20,000.001. On motion of Mr. Iiarriss,, seconded by Mr. Belt, the said 5greement was approved andl the action of the proper, offYcers of „he' C,o'mpanyin carrying out, the termsof' same dlaly confirmed. pin motion of' :Rr. B'elt, seconded by Mr. H!arriss, the action of tMe proper officers of the Company in employing Mr. Emil Hock- folder, as Cigar Foreman at the New York Branch, at a salary of ~35.00 per week, effective April lst, 19'~', was in all respects Sn*,;roved, ratified and confirrned. On motion of Mr. Belt, seconded by Mr. Harriss, the action of the proper officers of the Company in employing Mr. Arthur r'. 9rovrn, as C'ork Tip Machine adjuster at the S. Anar~,zros factory, at q sail.ar7 of $36.00 per week, effective April 26th, 1920',, was in all :-espects approved, ratified andl confi.rmed. On motion of Mr. Belt, seconded by Mr. Harriss, the actionn or the proper of'ficers of' the Company In employing, Mr. Peter Paliaras, a,sS.C .M. operator at the S. Anargyrosfactory,, at a salary of' ,;26.00 per week, effective May 3rd, 1920,, was in all respects approved, ratified and confirmed. On motion of Mr. Belt, secondedd b~y~ Mr. Harriss, the~~ act~io~~n~ of the proper officers of'the Company in employing salesmen in Mr. u!., Loewenstein''s Department, as shown below, was in all respects Rnnrovred, ratified and confirmed: ti'r. O.D.'.'Jharton, at a salary of $25.00 per week, effective 4/12/20 " Edward C .hiullen, " 1 "' 25. 00! " "' " 4/15/20 ~' Frank~ "l.h4airti.neau~, 25.00~1 " 4/Y9/'20' ' Ira C. Ba rend, 27. 50 " " " 4/13/20' On motionof' Mr. Belt, seconded by Mr. Harriss, the action of the Little Cigar & Cheroot Department of the C'ompany, with the ap;;roval of Mr. G. H. Hummel, Vice-President, in employing 1'~r. G. I. Lewis, salesman, at a sailary of $25.00 per week, eFfective April. 19th,, 192'01, wasini all respects approved, ratified and confirmed. On motion of Mr. Harriss, seconded by Mr. Belt, the action of the Cigarette Department of the Company, with the approval of 1°r. B. L. Belt, Vice-President, in employing,the following salesmen, as shown, below, was in all respects approved, ratifi9d.and con- firmed:

„ 73 H''. 71. Underwood, S. R. Meredith, Jack Goodman, Geo«G.Boylston,, Iiiim. D'« Jones, Harry H. Theis, R. M. Smith, Harold G.Solace, "im.C'.Chandler, J'ohn J.M'aloney,. Ernest J. W'ilde, Gordon B«Gillies, Michael F. Grady, Richard E. Faye', M. May, att rl a salary of C-26.00 p!er week, eff «4/19/20 rt rt It r't ff 5«00 30.00 tr rr /', 4/'26/20' 32.501 't' rv rl tt' 'r 30.00 '' ''t' rr rr It " 25.00, n' rn m 5/3/90 "' 35.00, rr rr n 5 20. rr 27.00 Ir rr rt `r.J~'~a~20. rr 25.00 rr ,n tt' 5/3/20 W . ~t rrn 27.50 5/3/20 rt ., rt a It rli 30.00' 5/6/20. 25.00 n rr rr 5/6/20. 25.00 rt' Ir rt' 5/10/20 30.00 n `t r' 5/10/20. On motion of'M:r. BeSt, seconded by Mr'. Harriss, the action of' the Co-C'igar & Tbbacco Department of the C'ompany,, with the approval of Mr. D. H. Ball, Vi'cp-President, in employing thee follo;ving salesmen, as shown below, was In all respects ap,r.rovPd', ratified and confirmed: ?;'r. rA. A. Story, at a salary of ~`r27.00 per week, effective 4/12/20~ .' !F'. P. Bea'rd,, 'r n m rr 25.00'' 'r rt n 4/19/20 J. C. Braswell, ,1 ,t rr 24'.00 t rt 11 4/12/20' H. W'. "iare', +t' tt n 2'5 « 00 "' rn Ir' 4/26/20' On motion of Mr. Harriss, seconded by Mr. Belt, the action ~ of' the Plug & Smoking Department of' the Company, with the approval I of Mr. D. H. Ball, Vice-P'resident, in employing the follotiving , salesmen, as shown below,, was in all respects approved, ratified and confirmed: M,r. Fred.Johnston, at I' 1 R ~ HI ,.McCuire, M0 P'. L. Burge s,on',. R . M. Robertson, Frank M.Thomas, Geo. R. H~upp,. P. R. Rodgers, a s~a la~~ry 11' 11 Iri rr tt ry tt' It ft' rt rt. Henry T.Muel'ler,," rt „ C1 2 ~r Ir n n }I ~r n rl, n rr tP r't of $25.00 per 24.00 "' 25'.00 25.00 25«00 25.00 24.00 25.00 rt n rt rt rr. week, eff. rt' rt 4 /26/'20 4 /19/20' 4 /19/'20i 4/19/20, 4/29 20 5/3 Z'0 5/3/201 5/3/20' On motion of Mr. Belt, seconded by Mr. Harriss, the ... action of the Window Display Department o f' the C'ompany, with the„ apProvall of Mr. G. H. Hummel, Vice-President, In employing, Mr. .,A 17. H. Stewart, salesman, at a salary of $25.00 per week,, effective 1f'ay 3rd, 1920, was in all respects approved, ratified and con- firmed. 8ft1'O829 n 25.00' Ir m n 5/3/20.

74 . On motion of' Mr. Belt, seconded by Mr. Harriss, the action of the Scrap Department of the Company, with the approval of' Mr. -,, H. Ball, Vice-President, and the Sales Com.^iittee, in increasing, ~re salary of Mr. F'. L. Jones,, salesman, fram ~',22.00 to ~24.00 per F~ek, effective April 26th, 1920, was in all respects a'pproved, .atified and conf'irmed. On motion of Mr. Belt, seconded by Mr. Harriss, the action a:' the Plug & Smoking Department of the Cornpany, with the approval Mr 7:!r. D. H. Ball, Vice-President, and the Sales Committee, in, {rcreasing the salaries of' various salesmen, as shown below, was ir all respects approved, ratified' and confirmed: ,~. F. I. Early, from $23.00 to $26.00 per week, eff'ective 4/:26/20 .r H'., A. Lynch, "' 28.0030.00 00 rr n n 4/26/201 On motion of Mr. Belit, seconded by Mr. Harriss, the actionn of the Little Cigar & Cheroot Department of' the Company, with the p.pnroval of' Mr. G'. H. Hummel, Vice- Presi.dent, and the Sales. Corir:ittee, in increasing the salaries of various salesmen, as shonm, below,, was in all respects approved, ratified and confirmed: R. A. 71Elch, from $30.00 to $35.00 per week, eff. 4/26/201 '' 23.00 "1 L. P'. Coffey 26.00 " rr rr 4/20/2p' r , m A. I. C orby, 23.00 " 111 „ 26.00 n 4/26/20 ., 0. H. Goldman, " 21.00 " ,r 24.00 " rn 4/2'6/20' J. I. Valentine, n 26.00 " 31.,00 '' rr n 4/26 20 T. A. Dixon, "' 28.00 " rr 33.00 "' rr c.5 /'S , 20 On motion of Mr. Belt, seconded b~; Mr. Harriss, the action of the proper officers of the Company in increasing the salar of b'r. Frank McMahon, in the Traffic Department, from $20.001 to 125.00! Der, week, effective May 10th, 19'20, was in all respects approved, ratified and confirmed. On motion of Mr. Harriss, seconded by Mr. Belt, it was R1,S0'LVF.D: That the action of the properr off'icers of the Company in authorizfing advertising expenditures, as shown beloR, be, and It hereby is, approved, ratified and confirmed: •~ ~: A~ariS~~ 5th, 1920, Contract with, Tunnel Advertising C'ompany, o~f N New York City, for advertising on Summit Ave. ~ Station of the Hudsonianrl~ Manhattan Railroad Q Company, at a cost of' $90.00 per month. O I

19th, 1920, 19'th, 11920', ;:,ril 19th, 192Q,. „,jr3.1 19th, 1920, :.nri1 20th,, 1920, i+nril 20th, 1920, 7'5' Contract with .25th Annual New York Spring Horse Show, for bac~~cover page advertisenent, at a cost of' $7'5.00. Contract with New York Theatre Prograrn,Corpora- tion, for advertisements in various theatre pro- gremis in New York and Brooklyn, during the period beginning September 1st, 1920 Iand ending August 31st, 192'1,, at a cost of' $4!5,000.00'. Contract with New York Theatre Program Corpora- tion, for advertisernents in various theatre pro- grar.is in Chicago, during the period beginning September lst 1920 and ending August 31st,, 1921, at a cost of'6'19,500'.00 less 10%. Contract with New York Theatre Program Corpora- tion, for advertise'ments in various theatre pro- grans of' theatres in New York and Brooklyn, durin the year beginning, September lst„ 1920, and end- ing August 31st, 19121,, at a cost of' $3,500.00. Contract with New York Theatre Program Corpora- tion, foriadvertisement in the progran of the Metropolitan,Opera House for the Grand Opera season of' 1920'-1921, at the rate of $13.7'5' per, performance. Contraict with Newport Casino Official Bulletinn and' Program, for one-half page advertisement,, at a coist of $75.00. Contract with National Vaudeville ArtIsts,,Inc., for one-half page advertisement, at a cost of $'B5 . 00 1. On motion duly made and seconded'the meeting adjourned. Secretary.