Tobacco Documents Online

April 28,, 1943 I (7I ~ A regular meeting of the Executive Committee of P. Lorillard Company was held today at the office of the Company, 119 West 40th Street, New York City. There were present N:'essrs.: G. H. Hummel H. A. Kent G. D, Thitefield E. S'. Bowling Yt",. J. Halley J. S'. Freeman F. Hopewell J. T. Keel Todd Wool': Mr. hummel, Chairman, presided and the Secretary acted as Secretary of thee meeting. On motion duly made and seconded, the reading of the minutes of the previous meeting was dispensed with. On motion of Mr. Whitefieldi,, seconded by Mr. Hopewell, it was unanimously RESOLVED: That the action of the President and the Treasurer of this Company in renewing on April 22, 1943, on behalf of'this Company, the loan made October 22,, 1943, from the Chemical Bank and Trust Company, 165 Broadway, New York City, in the sum of Three Million Dollars ($3,000,00G), and in executing and delivering in the name of this Company its promissory note evidencing,said debt, bearing date of April 22, 1943, and payable at sai;d'bank ninety (90), days from said date, with interest at the rate of 12~G per annum from said date, be and the same hereby is in all respects approved, ratified, and!confirmed.. On motion of Mr. Freeman, seconded by Mr. Hopewell, it was unanimously RESOLVED: That the action of'the President and the Treasurer of'this Company in renewing on April 26, 1943, on behalf of'this Company, the loan made January 26,. 1943, from the Citizens Union National Bank,, Louisville, Kentucky, in the sum of' Four Hundred Thousand Dollars (*400,000),, and in executing and delivering in the name of'this Company its promissory note evidencing said debt, bearing date of April 26, 1943,, and payable at said bank ninety-one (91) days from said date, with interest at the rate of 1z% per annum from said date, be and the same hereby is in all respects approved, ratified,, an&confirmed. On motion of Mr. Keel, seconded by Mr. Hopewell, it was unanimously RESOLVED: That the employment of'John Barr Shepherd as Salesman, at a salary at the rate of $25 per week, effective April 19,, 1943, with the authorization of' the Sales Dept. and the approval of' G.D., Whitefield, Executive Vice-President and. W.J. Halley,, Vice-President, be and the same hereby is imall respects approved, rati:fied,, and confirmed. On~ motion of Mr. Freeman, seconded by Mr. Bowling, it was unanimously RESOLVED: That the employment of Rosser Kelly as Superintendent in the Scrap Dept. at the Middletown Branch, at a salary at the rate of $350 per month,, effec- tive May 1, ]i943, be and the same hereby is in all respects approved, ratified, andconf'irmed. On motion of Mr. Bowling, seconded by Mr. Keel, it was unanimously RESOLVED: That the following increases in salary, by reason of additional ~ 6867sz37

194' responsibilities placed upon these employees, said increases bei.ng,in accord- ance with salary rate schedule in effect on and prior to October 3, 1942 and being individual merit increases within established salary rate ranges, be and the same hereby are in all respects approved,, ratified, and confirmed: B i ill h From~ the rate of :: Tb the rate of : Effective: sv Lou e ranc Earl T. Siers $50 per week $55' per week 4/22/43. Joseph~ Miller 48' "' " 53, n n o Robert William Lotz 47' " n ' n' 52 u n 7Pilliam Lee Doerhoefer 31 ~+ n 35 n n n Theodore !P'. Dannenhold 30 "' n 35, n u " On motion of pir. Bowling, seconded by Mr. Whitefield, it was unanimously RESOLVED: That the f©llowing,increases in salary, due to promotions, be and ttie same hereby are in all respects approved,, ratified, andd confiLrmed: From the rate of: To the rate of: Ef fective: Old Gold Branch John F. Hauvig 90¢ per hour $45 per week 4/22/43' MiddletoTrn Branch Walter Cooley $1.06 per hour 50 n 11 " Miss Betty J. Hamiin 21.40'per week 23'.40' per week 4/29/43' Onimotion of Mr. Keel, seconded by Mr. H'opewell,, the following adver- tising,expenditures were iniall respects approved, ratified, and confirmed: Estimate #1.-B' of' Lennen & Mitchell ][nc: dated April 20x 1943, covering radio, advertising of FRIENDS Tobacco as therein set out, April 19' througli July 17, 1943, at a cost of #15, 500.27.. Estimate #144 of J. Walter Thompson Company dated' April 22, 1943 covering radio advertising,of OLD GOLDiCigarettes in Washington, D.C., April 21, 1943 to the end of the 1943' baseball season, at a cost of $43,900« The Chairman stated that he deemed it appropriate to call to the atten- tionlof'the meeting the grievous loss suffered by the Company in the death of Mr. John J. Driscoll, a Director of'the Company, and also Director of Purchases for many years. There followed a discussion in which all spoke in the highest terms of'Mr. Driscoll as a man and'as an official of the Com- pany. Thereupon, on motion of Mr., Kent, seconded by Mr. Whitefield, the. following resolution was unanimously adopted: John J. Driscoll, a Director of P. Lorillard Company,, who died on April 1'8y 1943, waa born in Jersey City, New Jersey, on August 13,: 1877. In 1899 he became associated with the Lorillardiorganization in the manufac- turing end of the business at the Jersey City, N.J. plant. He was trans- ferred from Jersey City to the Purchasing Department, New York Office, in 1917', where he performed his duties solably that he was made Director of' Purchases in the year 1927, a, position he heldiuntil his death. His kindly nature;, his keen sense of humor, and~ready wit, made him a delightful com- panion on all occasions. His high integrity and his disinterested devo- tion to the best interests of this Company will be remembered by all. We, the members of the Ei¢ecutive Comm3Lttee of' P. LorilTard Company, who have been so closely associated with him for so many years,, desire to record our deep sense of loss and to extend our heartfelt sympathy to the ssG'7sz3& THEREFORE, BE IT RESOLVED: That this testimonial be spread upon the minutes of this meeting of the Executive Committee and a copy be presented to his famnly, sorrowing members of' his famil,yr..

195hir. Kent stated to the meeting that in accordance with the very fine custom that had become established under such circumstances, he thought that as a token of esteem for the long and loyal services rendered by Mr., Driscoll to the Company, covering a period of forty-four years, the Company shoa:ld'prEsent to his widowy Mrs. Marion A. Driscoll, the sum of Eighteen Thousand Dollars (*18,00fi)',, the equi- valent of Mr. Driscoll's salary for a period of one yeLr. TFiereupon, on motion of Mr. Bowling, seconded by ,,tr. ~%~hiteziela,, it was unanimously RESOLVED: That the Company pay to Mrs. bTarion A. Lriscoll, the widow of Mr. John J. Driscoll, the sum of Eighteen Thousand Dollars (?a18,,0G0)' in accordance with the custom in such cases, in recognition of the long and faithful service rendered to this Company by Mr. L?riscoll, covering aperiod' of forty-four years, and that the proper Officers of the Company be and they hereby are directed to do whatever may be necessary to carry out the provisions of this resolution. On motion duly made and seconded, the meeting adjourned. ~ f~.cR d~ Secretary