January 10. 1946
BAILEY BUGLE
iiT^llEY.ivlQRTH CAROLINA
Pag;e 16
HistoryOf Tobaccolndustry-r^rketingAndEcoromfclmportance
by
After curing, the tobacco
is prepared for market by-
grading or the separating
of leaves as to quality.
This tobacco is then tied
in bundles of 25 to 30
leaves and hung on sticks
about four feet in length.
At market the tobacco is
removed from the sticks
and placed in baskets and
weighed. These baskets
are then placed in long
rows on the warehouse
floors to await turn of
auctioneers and buyers*
The quality of the tobacco
determines the price paid
by buyers, who are repres
entatives of cigarette
companies and tobacco
dealers.
REDRYING
The tobacco is carried to
redrying plants where it
is processed and .packed
in hogsheads holding about
one thousand pounds, after
which it is ready for
world market.
Tobacco grown in this
area is principally the
cigarette type. Prior to
the ivar, English companies
were among the heaviest
buyers of this type.
Bailey operated a tobacco
market for two years,1919-
1920, but the un'-'';c;rta]c±nG
was unsuccessful- because
of the nearness to Vlilson,
the v/crld’s largest market.
ECONOMIC VALUE
Economically the impor
tance of tobacco is of
more value than all other
North Carolina crops com
bined. In this section
Q0% of the farm income is
derived from the crop.
Tobacco money supports the
JACQUELIl^E COLLIE
schools, paints the homes,
buys the cars and luxur
ies, builds the tovms, and
supports the people. This
past season, 1945, the
crop sold from $400 to$800
an acre,
Tobacco farmers enjoy the
highest incomes of any
farm group in the South.
Requiring much hard labor
to produce, tobacco nec
essarily demands that
farms be small, the aver
age family growing from
five to ten acres. Those
small farm units have made
Bailey a densely populated
community.
CIG/JIETTES
Tobacco has played the
most important single role
in the development of the
"Old North State”, Eighty
per cent of all cigarettes
are made in this state.
Manufacturing of ci^retts
has built Eharham, Vfinston-
Salem, Reidville, the
homes of Chesterfields,
Camels,and Lucky .Strikes.
Tobacco built Duke Univer
sity and Duke Hospital.
Tobacco mnufactured in
North Carolina pays in
taxes to the federal trea
sury nearly a billion dol
lars yearlyi The federal
government taxes cigaret
tes about three times as
much as the farmers re
ceive for growing the to
bacco.
As the Bailey community
is located in the center
of the tobacco growing
area, prosperity lives or
dies here with the price
of tobacco.
NEW..
VISIT
ED^S
3^T05.oo STOHE
FOR
YOUR NEEDS
BAILEY,N.C.
STATEMENT OF CONDITION OF THE
LUCAMA-KENLY BANK
LOCATED IN LUCAMA-t^ENLY-BAILEY.N.C
AT THE CLOSE OF BUSINESS DECEh BER 31,19^5
Loans and Discounts $89,514,25
United States and Other Bonds 799,351.38
Banking Houses 9,627.60
Other Assets 5,709.50
Cash and Duo Banks 1,655,854.21
2,560,056.94
Capital, Surplus, Undivided Profits
and other Reserves 74,851.75
Deposits- - 2,485,205,19
2,5b0,056.94
. S. E. High, President