The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1888-05-15

loud oratory and heavy %applauses can
be heard. It is evidently a rousing
meeting. Il -..-:..H
In response to which, the delegates
and those most interested, came pour
ing in from all parts of the county,
and gave the Exchange the strongest
endorsement possible, and asserted
their determination to live on bread
and water if necessary, In defence OF
Alliance principles. These brethren
have shown their loyalty and deserve
great credit for their prompt and de-
cisive action, but they were misin-
formed to some extent as to the con-
dition of affairs in the line Of battle.
In regard to the Exchange being a
charitable institution, that could not
sue or be sued, that was a base false
hood, circulated by n of the COM
mercial agencies for purposes best
known to themselves. 1t is impossible
to charter under the laws of Texas,
with a capital stock and avoid the
responsibility of being sued, that is
fixed by the statutes and that same
agency knew it and had a copy of the
Exchange Charter in their Office, and
when they first started this damaging
report the Manager Of the Exchange
went to them and called their atten-
ton to it's falsity and to the fact, that
such a condition was impossible under
the law, this they admitted and
promised to counteract the evil done
by contradicting same. They after
wards circulated the original lie after
having as above stated it's falsity and
promised to correct it. The Exchange
Charter is as perfect a document a
can be made under the law, but even
if it was not the law provides that no
defect of charter can be plead in a
suit to interfere in any way with any
contract made by a corporation and
that a charter will be held good to
cover all acts performed under it until
it has been adjudged inadequate by
due process. of law. As to the COM
bination spoken Of it is but justice to
state that the banks have not shown
any u%nfriendly disposition to the Elk
change but quite the contrary. If
opposing merchants had divided out
the banks between them and engaged
credit equal to the amount they used
for such purposes, and then failed to
use the lines thus engaged, they were
imposing on the banks for the purpose
of hampering the Exchange and their
results did not justify the effort be-
cause it only bothered the Exchange
for a few days and then only because
it was a surprise but it will be a great
drawback to the city, because should
an unfriendly feeling between Dallas
and the State at large be developed,
her boom would burst and become as
ETHEREAL and attenuated as the middle
mans love for the ne-gallused farmer.
The brethren in some other portions
of the State received vague rumors of
trouble and Immediately assembled
and passed similar resolutions and in
one day seven county Alliances sent
up resolutions to the effect that they
would stand by the Exchange to the
end, even if it became necessary for
the sake of the principles involved to
do without one dollars worth of sup
plies.
1t will therefore be a pleasure to
| the Alliance to learn that with their
prompt support the Exchange marches
serenely and majestically on her course
as utterly unconcerned about these
calumnies and falsehoods as the chaste
and pure harvest moon is to the yelp-
ing of the proverbial yellow cur
Business was delayed a few hours but
has for some days been progressing
with more vigor than ever. A purchase
of five hundred barrels of ribbon cane
syrup has just been consumated on the
plantation and it is now in process of
shipment as are all other kinds of
| goods recently ordered from the Ex-
change. c.. w. MAoUNE.
INSECTS AND PARASITES.