The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1889-08-01
THE FARM ERS IN PHALANx.
4 Solid Front Presented by the State ALI
ance. Tbs Van Proposed FOR an Alliance
Exchange.
J News and Courier.

Gs-i News and Courier.
COLUMBIA, July 25.-The, Alliance
reass embed in the Agricultural Hail
& this morning at 8 O'Clock: President
Stackhouse@ presided The Rev DR..
Douglass, the chaplain, led the Alliance
in prayer: Vice President .Sojourne1
presided during the greater part of tie
Ss day. The entire morning sessionswas
devoted to the consideration of the
plan for an Alliance Exchange. To
show the disposition Of the house Oh this
question amotion was made and passed
allowing each county the privilege Of
two speeches of fifteen minutes each.
There was considerable opposition to
thsanaszA proposed by the executive
Sommittee which was, however, sub
stantially adopted.
A number of the delegates were
opposed to theidea ofthe establishment
of an exchange. The opposition was
led by Messrs Dargan and Norris. Mr..
Dargan thought thatproduction and not
distribution was the scope Of the far
mer, and he thought suitable arrange
ments could otherwise be made. He
advised postponing action until another
time, as the Alliance. at present should
not undertake too heavy load. But
he was perfectly willing to abide by the
decision of the body and do all heconld
to carry out it's purposes. "a ~
5 The Hon. Jeremiah-Snith thought
/ that.the, Alliance members had sent
theia to the State, Alliance to adopt
some such measure, and should they
;, not adopt such measure the "Subs'
would be disappointed. ..,
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 nexchange. . : &
Tie Hon sI. l.. Donaldson, Of Green
vile, thought that the exchange should
be adopted. -'-
Coli K. Norris thought the plan
too complicated, and that the Alliance
was not yet ready to undertaking
move; though, if adopted, he would
s. support it. 1882 -
The plan adopted is identical with
that of Texas and Georgia. The question
as the Alliance Exchange hiss undeaot-
been the great issue Of the present
AHvention.
4 81 Sss:bsse feI;ss,sisssr Substantially the
IS: ssf yzS FOR AN ALLIANCE EXCHANGE.
"a so 'wsiafe |. The name OF the CORPORA
ss Ssbayl he the Farmers Alliance
"a sS tssnce of South Carolina, limited" :"
49,: f$ssssssv that name it shall have power
( la eshority to exist and enjoy sue
sss5 fe TaaM for the full term of ninety-nlne
rs a1rsSelea The donlich of the corpora
Saall-be in any city, or town IN IN
- ssa Carolina the beard rdoTcorpoFateS
asa SO ), sss select, and. aHcitatiens oEoeher oe
=. sss Processes shah deserved. upon the
sssss ;,lent of said corporation, OF in case
absence or Inability to act, upon
neyice president, and in case OF the
8 essence of both, upon the secretary.
8: The purposes for which TINS fs'
cerporationis is organized are 70 couoact
a General mercantile business, ana 10
act as agent for the purchase and " q sale' 81 y
all kinds Of farm supplies and product
andltotso all that appeEsains to the re-
ceiving, handling, forwarding ana
marketing of said products, and the
purchase Of supplies. to eroce, manage %
Z. and operate ware houses, stock yasas'
Grain elevators and packing establish
ments: to manufacture guano or OTHER
fertilizers. and all other such enterprl-
ses as NAV be found necessary or advis-
able TO their profit ana betterment..
Article. The, capital stock OF TINS
corporation is hereby fixed at the sum
of S2o0,e06, divided into 1900 shares OF
$50 each, with Liberty to begin business
whenever $500: of the capital STOCK
shall have been subscribed. No stock
<,f1er,shall ever be held liable or re-
:. ~sponsitle for the contracts or faults OF
this corporation in any further SUM
than the unpaid balance due on the
shares of stock held by him, nor shall
any mere iuformality in organization
have the e1fect.of rendering this charter
null, or of exposing stockholder to
any liability beyond the amount OF his
stock. y -. p
Article 6. Subscription to shares of
capital stock shall be madeb by Sub-Alll-
ances and not by individuals. Appnca-
tions for shares of stock must be accom-
panied by 25 per cent in cash of the
amount of stock subscribed, the balance
to be paid when called for; when Ger
tificate of stockl shall be issued as
soon as the full amount subscribed Tor
shall be paid for. -.
Article. 1t is hereby understood and
agreed, that each Sub-Alliance adopt
ing this ssAsystem and thereby
ratifying this plan, is firmly bound to
subscribe for and make settlement On
stock, as above specified, to the number
ofshares due from it.. under the follow
ing schedule of ability i. e., those hav-
ing less than thirty-dve members shall
be apportioned one share; thirty-fve to
sixty-fve members two shares; sixty
five to ninety-tive members three
shares; all over ninety-tive members,
four shares: Provided, this snail not
prevent any Alliance from taking rs
,,,op,- c},o raS &c If rnopSpS