Apmil 4'; 196.1 http://legacy.library.ucsf.edu/tid/rlq00e00/pdf

withdrvx our inventoriss of Havana 1Cobaooo froyn Cuba baok in
19b9,, .nd it is now al.l atcrrad in the United 6tatoB . . 'No bave an
14nvantoTyr of r+atber good duration,, and long, encugh for as to give
a lot of caaaideration and bave aaxar ],abora tori .s! do : soms tor1F an
substitutsa grown e3 :seswhsrs that sxtght be oamgatible with ths
athorn tobiccos used in oar Little Clora . I dan+t think it is
anything f or us to have oan s .rn aboat this : "w cr nsxdt .
lAR .008MVt in ta h€iag Qt ' Little Cigars, ar! ni i
making a profit an tltst Little Cigar husimmsst
PRESIDST T=BiXt Our Litt11f Cigar lbusinass
t423AM31W th, ba4slrt of a oaophr of ls ars ago ssms bash, bat
nat fully, b.tt.r than the year prior to thrr baosilet but ack
baec Eo tb. bncs2at yoars, of o+ourss . tife at this mownt bave
app+ox3aoatsly 47 per s .aat ot tlaa 'iot.al lit t1r sigar basinsss, .nd,
it ! .a prafitamile .
O& . GUAWSs Thank M .to rfgard to flalaayr and
tbal athsr nprratiaas is foreign lnr,ds wbera tbars are new invsst•
mats, ara ws using ti . 8. Government lnsursnoa against eacpropri;a«
tiQn?
PMWSN1 'TAMnal Well, Ar . ailbsrt, we, don it
have any Snvestmft* . Thoss, ar.~ an lioims, agrasm.nt . We wark .
~ .
+or,i a xwyaltY basi* . ~
N
0
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http://legacy.library.ucsf.edu/tid/rlq00e00/pdf