The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1889-07-31

stockholders from and for all the sub.All-
! ances in that county, and shall be entltieu 10
as MANY votes as he represents ~ sna,os trnstes os
stock .Iolders shall, at regular annual meet
ling, to be held after the county meetlng IN
July and before the State meeting, elect rom
known as State trustee stockhober, and WHO
shall be :authorized to represent Inc stocR
lheld in that county in State meet:ngs Oh Tue
shall be entitled to as many votes az ne repre- pre-
sents shares of stock. Each trustee stoek- OK
|holder shall be the representative or tne ex,
| change in his Alliance, and shall give Donu
in the sum of $500 for the faithful perform
au Article G 9. The State trustee stockholders
shall hold an annual meeting at the same
of South Carolina: Provided, that the board
OF directors shall have the power 10 Gali d
meeting whenever in their Judgment IL Is
Article 10. Each County Alliance shall
elect q county business agent: PROVIDED.
that no delegates to the County Alliance
shall be allowed to vote on his electlon un
less the Sub-Alliance which they ~ aePreseas s,o ~
has stock in this corporation. The trustee
stockholders in each county shall At tne reg
ular animal meeting elect q board OF olrectors
of not more than seven from their numoer
to serve for one year, who snail supervise Tue
work Of the county agent, flx the amount Of Of
pay he is to receive and Of the bond ne as 70
furnish for the proper discharge OF his duty.
Article II. The State trustee stocRnoluers
as board of directors. five of whom shall
constitute quorum for the tran sactton oi
business The State board Of directors snail
elect from their number presldent, VICE
president and secretary end treasurer. Ihey
may employ and discharge such assistants as
they deem necessary fixing the amounts OF
| their remuneration and OF their bonds; Lney
shall enact such bylaws and regulations as
ment of the business Of the corporation, SUBJ
| ject to approval by the next meeting OF stocK-
tholders: Provided, all such bylaws ana reg.
gulations shall have full force OF law I'LL SAID
| Article. II All profits earned shall be ap-
Piled first, to pay all operating expenses |;
second, to pay 8 per cent per annum on tne
balance of profits, If any, shall be distributed
among the Sub-Alliances holding STOCK,
thr ough their;trustees in this corporation, In
proportion to the amount OF their purchases
Articlel3. This Act OF incorporation may
be modified, changed or altered, or said cor
poration may be dissolved with the consens Id
q majority Of the amount thereof Issued, al
any general meeting Of the stockholders OF
said corporation, convened for purpose. after
thirty days notice Of such meeting shall have
been given In two daily papers published in
the State and in the State official organ.
| Article ID. Whenever this corporation may
bedissolved, either by Limitation Of It's char.
ter or from any other cause, its affairs shall
be Iquidated by three commissioners. to be
elected by the stockholders at general meet
ing called for the purpose. Said commission
said corporation shall have been fully liqui.
dated, and in case Of the death OF one or
more OF said commissioners the said survivor
or survivors shall continue to act.
mileage and per diem, with Mr.. McRae as
chairman, the committee on the presidents
message, issued IT, as follows:
| PRESIDENT srAcKHoUsE's ADDRESS.
| During the first year OF our existence as
State organization our members have inoreas-
ed from 5000 to 10000. We now have 75f Sub
Alliances and Al County Alliances. At the
date of our last State Alliance we had 1f2 Sub
Alliances and 10 County Alliances. The
growth Of the organization in the other cotton
States has not been less marked. Its unpre-
cedented growth, and the devotion Of the
members to its principles best indicate heir
and the success Of Its mission.
| COOPERATIVE BUSINESS METHODS
have not yet been fully and fairly tested, but
the experiment warrants the hope or the ulti-
mate success. The Alliance should devote Its
attention to placing the business upon O
strictly cash basis.
| STATE EXCHANGE OR AGENCY,
This is the most important matter that will
claim your attention at this session, Tor upon
its wise establishment will depend very large
| ly the success OF our organization In this State
| While the special session last December fixed
the responsibility of reporting plan on your
most important committee, and 1 rely upon
the fidelity and ability Of that committed.
may be pardoned for saying that every feature
that savors Of the credit system should be ex-
evil Of such magnitude as to demand its aban-
donment. Our efforts THUG far have been di.
rected to otheimprovemento OF this system and
these efforts am satisfied are mutually bene-
but in the establishment of the State agency,
which ia designed to be permanent fixture,
| 1t should be done on correct system-the on
correct system cash system; .so Inc esaao a o.
absolutely fair dealing and the very lowest
prices that could be procured by wholesale
| cash purchases from the producer, would be n
powerful incentive to make the effort TO- DO 30.
CONSOLIDATION.
This question has not been discussed In your
State organ, or elsewhere, as its importance
| demands. Possibly 1t has been discussed in
Se lpssrncted as your Vote such is The
case invoke careful consideration Of the
question. Can the organizations to be con-
solidated live in unity and act In harmony :?
sideration, II there are any known conditions
which create reasonable doubt on this point
we should vote against consolidation. On the
other hand, If there is no reasonable doubt
about our ability to live in unity, and act in
harmony with the great consolidated body to
be known as the Farmers and Laborers' I'm
| ion OF America, we should vote for the conso-
idation, because this great national body could
| be so much more influential in securing great
national reforms.
COTTON BAGGING.
The action Of the State Alliance at Its meet
| ing in December in reference to the uBe OF cot
ton bagging and the adjustment Of tare was
timely, as II removed all doubt as 70 our posi-
tion and duty on that subject. So when we
invited the meeting Of theSouthern Manufac-
turers' Association at Augusta, your represen-
lion yards Of cotton bagging. Under the call
OF President Macum, delegated the Hon. NJ
L. Donaldson, who with Mr.. L. Mcintosh, rep
resented us at the Birmingham meeting. We
are now fully committed to the use OF cotton
! bagging to cover cotton and the full force OF
| the Influence OF our organization In the cotton
States should be brought 10 bearin favor of an
equitable adjustment of the tare.
CONSTITUTIONAL AMENDMENTS,
which depend on the question of our oonsoli-
dation, should think not be considered at
this session. 1t may, however, be we'll TO ap-
point special committees on this subject to re-
port at our next annual meeting.
THE JUTE TRUST,
| by its inordInate greed and supposed lmpreg-
! nable condition. compes test of our pluck
and fidelity. The challenge has been accept
! ed and is being responded to In way that re-
moves all doubts as TO the result In this fight
we make present sacrifice to secure future
pOOl