HISTORY OF CIGARS
Porto Rico American Tobacco Corporation (now Puerto Rico Tobacco Corporation)
Porto Rico Leaf Company was organized and chartered by Spain around 1506, this became Porto Rico Tobaco Company and later Porto Rico American Tobacco Corporation, in 1898 which in turn became Puerto Rico Tobacco Corporation in the 1920's and has operated until today. PRTC started making DonCollins Cigars in 1991. SEE www.don-collins.com
In the year 1899 and thereafter, either the American or Continental Companies, for cash or stock, at an aggregate cost of fifty millions of dollars ($50,000,000), bought and closed up some thirty competing corporations and partnerships theretofore engaged in interstate and foreign commerce as manufacturers, sellers, and distributers of tobacco and related commodities, the interested parties covenanting not to engage in the business. Likewise the two corporations acquired for cash, by issuing stock, **642 and otherwise, control of many competing corporations, now going concerns, with plants in various states, #QBA and Porto Rico, which manufactured, bought, sold, and distributed tobacco products or related articles throughout the United States and foreign countries, and took from the parties in interest covenants not to engage in the tobacco business.
The Porto Rican-American Tobacco Company (Porto Rico)-Capital $1,799,600. In 1899 the American Company caused the organization of the Porto Rican-American Tobacco Company, which took over the partnership business Rucabado y Portela,-manufacturer of cigars and cigarettes,-with covenants not to compete. These companies became consolidated in the late 1800’s as Puerto Rico Tobacco Corporation, our company name today.
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