The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-03-12
Tie Allianoe,s rxchanre


Il begins to look as if the Farmers AL
/ lance Of Georgia would succeed in estab-
/ fishing The exchange of which there has been
a great deal of talk lately. Mr.. Felix Cor
put, the manager Of the projected ENTERPRISE,
SAYS that there is no doubt that it will b, in
operation at an early day. The city in
which it is to be situated has not been Sc
lectad. 1t will not be until it is fully de-
cided which of the cities Of the state offers
the greatest inducements. The alliance
thinks that the city that is chosen will be
greatly benefited, because the exchange will
draw trade to it. 1t Is expected, therefore,
that each city will be bidder for the ex-
change
TIE capital of the exchange will be $780,
coo, which will be furnished by the county
alliances, and the exchange will be opened
for business when $50, 600 is paid IN. About
$4,000 has been received thus far, and no
doubt is felt that the entire amount will
soon be forthcoming.
The plan now is for the exchange, in the
beginning, to handle only the heaviest
articles. The lighter ones will be given
attention when the exchange is no longer an
has been fully demon trated.
Mr.. Corrupt says that there is no inten-
ton TO interfere with the merchants Far
mers will be advised to deal with the mer-
chants when they can do as well with them
as with the exchange. The effect of the
exchange he says, however, will be to keep
down prices.
Notwithstanding the statement that there
is no intention to interfere with tie mer-
chants, it will be difficult, if not impossible,
for The merchants to compete with the ex-
change in articles which the exchange
handles. 1t is the purpose Of the exchange
to sell at cost prices, with freight and ex
penses Of handling added. Merchants must
have some profit, and as they would not
order in as large lots as the exchange,
they could not buy as chsaply as the ex-
change. If the exchange is operated sue
cessfully, therefore, it will have the ad-
vantage of the merchants
The plan for operating the exchange will
be something like this: When the planting
season approaches the sub-alliances in the
counties will be requested to forward to the
state alliance statements Of the number of
plows, or the amount of guano or meat they
want, and the exchange will ask for bids
from those " no supply those articles. The
lowest bidder will get the contracts FOR the
supplies The exchange will distribute
them to the sub-alliances, which, in turn,
will deliver them to the farmers. The sub
alliances will become responsible to the ex-
change for the money for the articles, and
| vii ha fa r,aF &c
due from them. The farmers will have to
pay cash for what they buy or give satisfac-
tory security.
| 1t is also the purpose of the exchange to
handle the products of the farmers. 1t will
sell their cotton, cotton seed, hay and other
articles, and it will do this for just what it
co is to do it.
The exchange scheme may be successful.
It is to be hoped that it will. The farmers
are not as prosperous as they ought to be.
They work hard and their reward is small
The exchange, however, will have to be
very carefully managed in order to make il
a success 1t will be difficult for it to avoid
losses and, as there is to be no margin for
| profit, either in buying or selling,
if its capital becomes impaired soon it will
not be matter of great surprise. Per
haps it will be found necessary to have a
small profit with which to meet losses. II
the exchange is wisely and economically
managed it could charge a small profit and
still be of immense benefit to the farmers.
If the tariff were wisely reduced more
would be saved to the farmers than they
can possibly save by means Of the exchange.
If they could have both, that is, the ex-
change and tariff reduction, their chances
for increased prosperity would be greatly
improved.