Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-06-05

lar-U.m uloniG bS 4, a. Farmer.
The following was received as part o
the reply OF the Texas Farmer to DR.
hscune's article IN THE GAZETTE, bu
~ss omitted Sunday ard Monday for lsct
Of spaca.-EDIToR GAZETTE.
Tue following sddi ional feporC snt
ststement s, issued evidently for secre
dissrioR ion, xplsin themselves:
!: hACUNE's EXPORT re TAG EXECUTIVE
COMMITTEE.
DALLAS TEX, May l9, 1855.
To the President Q Executive Committee u.
The Farmers State lance OF Texas-Greet
ing:
Whereas, the Farmers Alliance Ell.
change of Texas has been In
active operation ever since action
WAS taken at the last meet
Ing OF the State Alliance In Waco, which
authorized the formation of said corpora
ton and inside 1t creature Of the State
Alliance; therefore under your general
supervision; and, whereas, difficulties
snd emhsrressments have arisen In the
prosecution CT the lawful purposes Of
business, bY q combination OF the banks
and wholesale dealers for the purpose of
breaking down the exchange; and,
whereas, the members Of the order
throughout the state at large are entitled
to official information in regard to
sais great combination and fight
from you as the chief execu-
i've ffi ;ers in the state, as well as full
statement and endorsement Ct the Ell
ca4nge policy in the premises, and as the
dissemination of such Information could
rot De delayed until the next regulsr
meeting of the Safe Alliance, 1t was
therefore decided By meeting OF the
Stsfs Alliance Brethren in the city of
Waco recently, in which about sixty
counties were represented, that the
president and executive committee be
called together for the purpose Of re-
ceiying full report from aud having 8
full consultation with the exchange man
sgement and submitting to the
order their convictions rs to the actual
conditions demonstrated to exist, and 8
plain and full statement as to the exact
remedy. The management, therefore,
desires to tender for your inspection:
|. A full and complete statement of the
business from It's inception to the lst of
May, 1888. 3. A clear statement Of the
purposes, objects and original policy
sought to be carried out. S. A full state
nent as to the treatment received from
the merchants, bankers and others. Also
the extent and purposes Of such combine
tons inside In opposition to the Exchange.
/. A statement as to the policy the man
agament proposes for the future.
The undersigned hereby request that
you give above subjects rigid examins-
ton, without any prejudice for the Alli-
sDce or against its enemies, but from Q
cold, business standpoint pass Judgment
upon same. Condemn anything doubtful
and indorse that which you find merlto |
rious, and offer such suggestions as to
the future as in your judgment may seem
pertinent, and hen issue your proclsms-
ton to the membership OF the state
showing the existing conditions and call |
Ing on the brethren Of the state to pur- |
sue certain course. Respectfully SUB. |
mitted, c W. McCune, Charles E. |
Brown, Harry Tracy, j. B. Rally, Ben
Terrell, D. J. Eddlemsn, j. r. Bennett,
l. N, Hslbert, E B. Warren.
sTATRhRNT NO. 9.
The original plan OF the exchange was
to sssisE the brethren in the sale of their
products sDd the purchase ot their CON-
modities. 1t WAS soon found necessary
to success that some system be pursued
shst would enable the brethren to control
their own cotton and not mortgage the
same to the country merchant; sud the
only way TO meet this want vas to carry
on Some system of adysG cling supplies to
those compelled TO have same, and to do
this the policy OF tbs management WAS TO
accept from the brethren joint notes, Que
November Is, secured by crop mortgage,
sld then to advance supplies on suca
notes. The supplies We're 10 be pur-
chased with the cspi:si stock OF the E -
change, and when that wss exhausted, to
uss the joint notes as collsteral security
On which to negotiate loans OF ready
money, with which to continue purchas-
ug supplies In advance, at the very low
st prices. The Idea that 1t would be ,
much chespsr to borrow tle onsy with
which to purchase ara pay interest
IN same, tHsu 10 purchase
he goods on credit. The original
policy contemplated was to have sill the
pint notes in by January L, aud that sd-
Tsucipg would commence April thus
wing the Exchange three months time, 1
n which i. was pr Jposed: ist-To sum {
Up and see what the gross amount of !
;edit made for the yesr would be. Cd {
2s innate how much OF that would have {
o be borrowed. nd, Ssd- Take plenty !
Il iims 20 81 to Q cheap money
market to secure these loans. I
rhst policy was SOON found i'm. /,
possible; because the brethren could
lot get thstr paper in on time, and the I
most Of 1t came In during the month Of I
March. Neither could they wslt until
lpril fer euppIies. but were compelled q
o use neatly 100000 worth during the
month OF Msrcn. Thus, up to the LIST OF .
April, there had been no chance to esti- l
nate how much paper was coming in, or q
low much supplies would be needed, nor I
low much money would hsve to be bor-
o1ed-neither WAS there any time to De- I
,otis.e loans ION the other hand, there was I
pressing necessity for $4,000 to pay 1
or goods already bought. 1t may be I
nat The Excnsnge management did
wrong In thus changing the original plan I
o meet the necessities Of the brethren. {
isd the original plan been carried out to I
he letter there would have been none Of I
ne present trouble aud no fight, but the |
wants and necessities of the Brotherhood
would not hsve been supplied. It was 4