The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1888-05-15
HOW THE MERCHANTS AND
BANKERS OF DALLAS HAVE
"BOUNCED" THE STATE AL
LANCE EXCHANGE AND HOW
THEY GOT "BOUNCED."


LANCE EXCHANGE AND HOW
THEY GOT "BOUNCED."
Brother Macune's Able and Comprehen-
sive Answer to the False Reports
Circulated by the Enemies of
the Exchange. s...-. So.
EDITOR MERCURY:--As our Exchange
developes new and conclusive eviden-
ces of success, the various forms of
opposition and antagonism become
mor active and bitter, and show a
tendency toward coalition or a com
bination of all those forces that oppose
the Alliance in a common cause to
destroy the organization. That a very
active and determined ring of oppo-
sition had recently been organized and
groomed in commercial circles, was
better known in those circles than in
the Alliance. The sub-Alliances were
totally ignorant of the matter, and the
Exchange only surmised the existence
of such conditions until they them
selves gave it away to the brethren In
McLennan county, they took it for
granted that organized opposition
meant destruction to the order, but
they never made a greater mistake in
the world.
The Executive Committee of Nc
Lehman county, upon receipt of the
information, Immediately issued the
following call:
WACO, Texas, April 24.-On the
18th inst. the following circular, signed
w. Harris and William Lamblyn,
executive committee, was promulgated
at Waco, addressed to the officers and
members of the sub-Alliances of Nc
Lehman county: In the absence of
the president Of the county Alliance
and the impracticability of getting
word to him in time to answer the
purpose and meet the present emer-
gency, the executive committee of the
Farmers Alliance of McLennan county
in special called meeting in Waco to-
day, at which every member was
present and voted aye, hereby call a
special meeting of the county Alli-
ance, to assemble at Elgin Hall, Waco,
on Tuesday, April "a, at 10 o'clock a.
m. 1t was deemed necessary to call
the county Alliance together soon
after its regular meeting, just ad-
journed, on account of information
received to-day of a combination of
merchants and bankers to thwart our
efforts to help ourselves through the
State Exchange at Dallas. The in
formation we have is from an entirely
reliable source, and is to the effect that
the bankers and merchants of Dallas
have held a meeting and decided that
the Alliance State Exchange of Texas
was chartered by the State as a CHART
able institution and consequently was
not responsible before the courts of
the country for any debts it might
contract, and upon this decision the
banks refuse to let Brother Macune,
our State Business Agent, have any
more money upon the mortgages sent
up by the members of the sub-Alli.
ance, thus practically establishing a
boycott against the Farmers Alliance
of Texas. This meeting is called for
the purpose of taking immediate steps
to relieve those of our members who
have given these mortgages to the
State Exchange and thereby shut
themselves out from any hope of re-
lief from the local merchants. Mem,
bers of the Alliance who have the sue
cess of our enterprise at heart, and
are able in point of financial standing,
and can possibly spare the time, should
have the backbone to come forward
and set their faces against the gigantic
effort on the part of combined capital
to place their hands upon our Threats
and choke us off from this grand effort
we are making to relieve ourselves
from the monopolies and middlemen,
who have been and are sapping us of
our substance, and in the end would
heartlessly drive our wives and chill
dren from their homes, and leave them
and us penniless and homeless, and
abject slaves to their Ubiquitous will
and greed.
"Come toSthis meeting, regardless
of whether you are a delegate or not,
and put your shoulder to the wheel
and show to the people of Texas and
the world, that the members of the
Farmers Alliance of McLennan couny
mean business, that they know their
rights and dare maintain them in the
face of any opposition from whatso.
ever source.
"Now, brethren, don't falter. This
is the crisis; the crisis, perhaps, the