The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1889-08-01
THE FARMERS IN PHALANX.
a Solid Front Presented by tho State AL
lance.

THE FARMERS IN PHALANX.
a Solid Front Presented by tho State Al
lance.
COLUMBIA, July 25.-The Alliance re-.
assembled in the Agricultural Hall this
morning at nine o'clock. President
Stackhouse presided. The Rev. DR..
Douglass, the chaplain. led the Alliance
in prayers. Vice President Soiourner
presided during the greater part of the
day. The entire morning session was
devoted to the consideration of the plan
for an Alliance Exchange. To show The
disposition of the house on this question
a motion was made and passed allowing
each county the privilege of two speeches
OF fifteen minutes each. There was
considerable opposition to The plan pro.
posed by the executive committee, which
was, however, substantially adopted.
A number of the delegates were oppos.
ed to the idea of the establishment of an
exchange. The opposition was led by
Messrs. Dargan and Norris. Mr.. Dargan
thought that production and not distri.
button was the scope of the farmer, and
he thought suitable arrangements could
otherwise be made. He advised postpo.
ing action until another time, as the Al
lance at present should not undertake
too heavy a load. But he was perfectly
willing to abide by the decision, of the
body and do all he could to carry out it's
purposes.
The Hon. Jeremiah Smith thought
that the Alliance members had sent them
to the State Alliance to adopt some such
measure, and should they not adopt such
a measure, the "Subs" would be disap.
pointed.
Lecturer Talbert, of Texas, thought
that South Carolina should take her stand
with the sister States, and was anxious to
see this State adopt plan for an ex.
change.
The Hon. M. l.. Donaldson, of Green
vile, thought that the exchange should
be adopted.
Col. D. K. Norris thought the plan too
complicated, and that the Alliance was
not yet ready to undertake the move; !;
though, if fadopted, he would support it,
The plan adopted is identical with
that of Texas and Georgia. The question
of the Alliance Exchange has undoubt.
edly been the great issue of the present
Convention.
The following is substantially the plan
adopted:
PLAN FOR An ALLIANCE EXCHANGE.
Article l. The name of the corporation
shall be the farmers Alliance Exchange
of South Carolina, limited" and by that
name it shall have power and authority
to exist and enjoy succession for the full
term Of ninety.nine years.
Article 2. The domicil of the corpora.
ton shall be in any city or town in South
Carolina the board of corporator8 may
select, and all citations or other legal
processes shall be served upon the presi.
dent of said corporation, OF in case of his
absence or inability to act, upon the vice
president, and in case of the absence of
both upon the secretary.
Article 8. The purposes for which this
corporation is organized are to conduct a
general mercantile business, and to act as
agent for the purchase and sale of all kinds
Of farm supplies and products, and to do
all that appertains to the receiving,
handling, forwarding and marketing of
said products, and the purchase of sup
plies to erect, manage and operate ware
houses, stock yards, grain elevators and
packing establishments; to manufacture
guano or other fertilizers, and all other
such enterprises as may be found neces.
sary or advisable to their prof. and bet
terment.
Article 4. The capital stock of this in
corporation is hereby fixed at the sum of
$500, 900, divided into 1900 shares of $50
each, with liberty to begin business
whenever $4,000 of the capital stock shall
have been subscribed. No stakeholder
shall ever be held liable OF responsible
for the contracts or faults OF this corpora
tion in any further sum than the unpaid
balance due on the shares of stock held
by him, nor shall any mere informality
in organization have the effect of render
ing this charter null, or of exposing
stockholder to any liability beyond the
amount of his stock.
Article 5. Subscription to shares Of
capital stock shall be made by Sub.Alli.
ances and not by individuals. Applica.
tions for shares of stock must be. accom-.
panied by Is per cent. in cash of the
amount ofstock subscribed, the balance
to be paid when called for; when
certificate of stock shall be issued as soon
as the full amount subscribed fof shall be
paid for.
Article 6. It is hereby understood and
agreed that each Sub.Alliance adopting
this exchange system and thereby ratify.
ing this plan, is firmly bound to subscribe
for and make settlement on stock, as
above specified, tc the number of shares
due from it, under the following schedule
of ability, j. e., those having less than
thirty.fye members shall be apportioned
one share; thirty. five to sixty five mem.
bers, two shares : sixty FIVE to ninety FIVE
members, three shares all over ninety
five members, four shares Provided,
this shall not prevent any Alliance from
taking as many shares as it chooses.
Article 7. Each Sub.Alliance taking
stock in this corporation shall be entitled
to one trustee stockholder, who shall be
elected annually at the time of the regular
election of officers. The first trustee
stockholder shall be elected by each
SURVEILLANCE when it decides to subscribe
for stock, and shall serve till the next
annual election. He shall represent hi,
Alliance in the meetings of trustee
stockholders from and for all the Sub
Alliances in that county, and shall be
entitled to as many votes as he represents
shares of stock. The County Convention
of trustee stockholders shall, at regular
annual meeting, to be held after the
county meeting in July and before the
State meeting, elect from their number
one delegate, who shall be known as
State Trustee Stakeholder, and who ahall
be authorized to represent the stock held
in that county in State meetings of the
trustee stockholders of the corporation
and shall be entitlsd to as many votes as
he represents shares Of stock. Each
trustee stakeholder shall be the represen.
tatiya of the exchange in his Alliance,