Vermont farmer. [volume] (Newport, Orleans County, Vt.) 1870-1877, 1874-12-11
The Failure of E. E. MOrgan's Sons

Anti-grange papers have made 40 mach
stock out Of the failure Of Morgau's Sons in
California, and made such outrageous state.
ments with regard to the losses sustained by
the Patrons thereby, that the following.
from the Pacific Rural Press, will not come
amiss.
A called meeting Of the California State
Grange was held 10 San Francisco, on Thurs.
day, the 18th ult., to take into considera.
ton the matter Of the recent suspension of
the firm Of Il. +. Morgans Sons, and to TAX
such measures as might be fourd advisable
for the continuance Of shipping on grangers
account and the furtherance OF other inter-
eats Of those connected with the order 10 this
state. About two hundred masters and past
masters were present, TO whom Worthy Mas
ter Hamilton briefly explained the objects
OF the meeting, and asked that the brothers
should take the whole matter into considera
ton, and adopt such measures as in their
judgment would be for the best interests of
the order.
The result Of that meeting, called under
most depressing influences, has been highly
satisfactory and assuring The cloud which
had gathered and brooded 80 ominously over
the order, and especially over the head Of its
chosen executive and agent, has been most
happily dssipated, aud the bright sunshine
OF prosperity again sends forth its life and
health-giving influence, which cannot fail
to promote and enliven every grange
throughout the state. The unexpected
check which we have received has taught US
most important lesson in regard to what is
considered honorable" among even high
toned business men outside the order. The
blow that was aimed at our destruction has
proven petard that cannot fail to hoist its
owner, and the opportunity to deliver anoth-
err will not be again presented. The resolu-
tons indorsing brother Walcott aud the exc.
cutive committee were the result Of the full
est and most complete investigation into
their recent acts, and were passed with
most emphatic unahimity.
We may be allowed to state in this con-
nection that the reported losses to the mem.
bers OF the order through the suspension Of
Il. 4. Morgan's Sons is much less than has
been supposedly, indeed, it will eventual,
amount to anything whatever. 1t is mostl y
in the nature Of a delay of payments, u.
there is good reason to believe that the as.
sets which have been turned over viii
mostly, if not quite, meet every liability
but as even delay Of payment will be a hard
ship to many, it has been resolved, at leas
so far as needy members are conce rned, tina
such losses or delays shall be fully met
once by voluntary contributions. 1t was no
found necessary to take any special action o
the grange in reference to the matter. Vol
untary action alone was found all sufficient
and to show the fratcrnal spirit manifested
we may say that some of the heaviest ship
pers among those who, have not receivet
their advances aud who are able to wait fo
them, were the first to come forward an
lend helping hand to those who had los
/ their all. An order that can SO bind to
gether its members in fraternal love canno
be ephermeral in its existence or inopera
tive in its efforts. 1t was also noticed tina
the actual sufferers among those preseu
were those who were most enthusiastic i
generating Mr.. Walcott from blame in tn
: matter. We may also state in Justice to MI
Walcott that he has, unasked, avowed hi
f determination to make good ont of his fu
ture earnings, dollar for dollar, each and ey
t cry amount which is now due to shipper
Q for grain on which advances have not bee
. paid or may not yet be secured from as
i signed assets. He regards all moneys sui
i scribcd by the brothers to make up losse.
S as simply loans advanced on his account
= be refunded in the future. The entire mat
0 ter, as it stands, reflects the highest cred
upon every one within the order, and cannc
fail to add greatly to its strength an
prosperity, both within and without tn
gates.