Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-06-08

sud the Exchsuge has been IS tue IS
steel to the trust reposed in it.
Question "Does not the Exchange run
risk of FORGETTING the joint notes to
strangers when 1t uses them IS collateral
security" Answer. According to
ordinary and past business
methods, it does, but according to the
Exchange plan it does not; because the
deots the Exchange owes will be psid by
money that will come from the people,
wac owe the Exchange cotton to cover
their indebssdness, thus making pay
ments absolutely sure. With any other
sind Of paper to depend On. the Exchange
might run some risk Of being short OF
money to psy it's debts, but with ioint
paper from the best farmers in the com
nunity, from which 1t comes, and from
eight to forty men on each note, and ali
secured by cotton mortgages, It is sbso-
lutely the best paper that csn possibly be
made. 1t is better paper than any mer-
chants or any bankers paper, because
the chances Of failure are absolutely want
ing, and in no case can note fail en-
tirely.
All the conditions of these notes, mort
cages and contracts, have been f1llg made
known from the beginning, to ell parties
Interested, and the legsl relations are
fully understood without any advice from
those who desire to protect the Alliance
from the Exchange.
TO- 1t is charged that the Exchange
proposed to start towns, mills, factories,
reirigerstors, etc. This is all untrue:
the Exchange is purely commeIcia and il
not for manufacturing purposes and
never offered or agreed to start any msn-
ufacturing plant. The Alliance has
manufacturing corporation, chartered IS
the "Co operative Manufacturing ALI
snce of Texas" which has branch
located st Dallas and one at New Braun
fels. the management OF which are en-
tirely separate from the Exchange.
ii It hss been denied with great force
that there exists 5 combination to thwart
the business efforts of the Alliance, and
quite play upon words has been INDUCED
IN by the opposition snd business men OF
Dallas, th,t have hsd no business relations
whatever with the Exchange; this play
upon words tending to show that no suCh
organization existed, thst they kne " Of no
sucn, that they did not know, aud that they
did not believe SO and so. The Alliance
cannot be held responsible to- whEt these
estute gentle men do not low, especially
about farming and farmers business.
Il is not the intention CT this article to
assert or iufer that there is Al organized
opposition, who are banded together by
an obligation written in book, and
governed by constitution aud bylaws,
that they have Officers and regular
meetings, and partake OF all the other
features OF honorable and Legitimate
organizations. Il is not the purpose OF
this article to make any charge, but SIM
ply to state facts which may be taken as
evidence, and the reader ley draw his
own conclusions. But that the oppesi
tion is general, and is participated in with
8 great degree Of concert of action, ana
bitterness Of spirit, it is believed is so
conservative statement that it will 1t
even be denied by the opposition. Ii any
doubt OF this condition e. listed, 1t would
only be necessary to point TO the
numerous reports circulated in every
section Of the state simultaneously, and
trace them to their starting point. These
reports are usually based on the assump-
tion that the Exchange had failed, and
then direct their venom at its mansger.
In the Sundays issue of the Fort Worth
GAZETTE, il an article which 1t claimed
will appear in the Texas Farmer next
week, in which it is claimed that thai pa !
per is guided IN its course by A J. Rose,
a III. Keller, j. s. Rogers, j. c.
Isbeu, J. L Ray, W. Il. Harris and
others, AMI IN which, the mssk |
is thrown OF, and it is shown by the tenor |
OF the close of the article that they pro-
pose to make the business manager the |
objective point Of attack. The business |
manager desires to say that ne is ready |
and willing, and anxious st any time to
surrender his charge to more competent
hands, at the suggestion CT those friendly |
to the enterprise, and competent !
to Judge of its necessities, or
even on hint from the board |
that such would be for the good Of the
order. But ne will never be driven from
his pos. Of duty by the opposition or ridi
Guile OF the enemies 10 success. The order |
has seen At to place him in the from: rank;
ne is there to be shot at. He expects
nothing else. II the enemy loved him too |
well to shoot at him, those who stood in
sse rear, would be- In danger of receiving
thsRalls that harmlessly pssse6by.
C. w. MlCUNK,
Busihsss Manager, Farmers Alliance E1-
change Of Texas.
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