The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-01-21
NEUTRALITY-SUSPICIOUS.
". L PEEK SUCCEEDS hon. FELIX
CORRUPT as PRESIDENT.

Wholesome Advice 70 the Alliance by
tho Retiring Officer Business Trans
acted to Date small ccessfui Ar
rangements With Marutacturers-A
Receiver Asked.
ATLANTA, GA, Jan. 20.-Hon. Felix Cor
put was today succeeds By ". L. PEEK as
president of the Farmers Alliance kx-
change. Mr.. Corrupt. in retiring, addressed
the trustee stockholders and members. BE
alluded to the sensational reports circulated
concerning the reason of his resignation,
and explained that 1t was offered on account
Of bad health ard the necessity Of neglect
ing private business 20 discharge the duties
Of the office. In sureIiering the manage
ment, said Mr. Corput. Il turn over the
entire capital stock paid 70 date, amounting
10 SG5, 1l3, ard S132 in notes. aud also sub
init an itemized statement of your business
agents transactions to date, found
correct aud approved BIZ the incoming
president and officers OF the exchange.
This, hope, viii set all rumors at rest, and
show them TO have been originated in the
sensational brain which promulgated them"
Continuing, Mr. Corrupt said the effort of
commissions between manufacturer and
producer had been eminently successful, as
shown by comparison OF the prices OF this
with those OF last season. He charged the
alliance TO trust its officers and not to
cherish strife thereby wrecllng and dis
banding the order The volume Of business
transacted through the exchange to date
was, he declared, small Proper Organiza-
ton and business connections had
only just been effected The majority of
manufacturers had been found willing to
enter into an agreement which would re-
duce the cost of articles TO farmers. A list
had been prepared Of those who refused TO
deal through the exchange. Some manu-
facturers were endeavorlng to SOW dissen-
ton in the ranks of the alliance. Certain
bad influences were at work in the alliance
itself. There were members whose cupidity
and objects would array them against the
best interest OF the order The brethren
were warned against disappointed trades
men, the demagogue ana the scrub politi-
cian. who insist that / ere is a mouse in the
meal tub, and instead of making direct
charges over their signatures, deal in
rumor and innuendO The policy of the
exchange and that Of the cooperative
stores were not similar. He had always
felt misgivings as to the latter. In Conclu-
sion, MIR. Corrupt said lie returned the trust
he had accepted intact, free from leakage
or corruption.
APPLIED FOR A RECEIVER.
Peck & Hanchaus to-day filed bill for a
| receiver against Fetzer & Pharr,
clothiers, who recently executed mort
| ages in favor of other creditors, amounting
to Sl4,0 00 The bill attacks legality of the
| mortgage. The judge restrained the fore
closure and cited the clothiers to show
cause why the application for a receiver
| should not be granted.
SUPREME COURT DECISIONS.
New England Mortgage and Security
| Company VS.. Ober Il Sons; reversed.
! Carr VS.. City of Conyers, from Rockdale
| reversed
Jones VS.. Farmer. Douglas Il Co, from
| Newton; reversed.
McCalla VS.. Knox, administrator, from
Rockdale; affirmed.
Perkerson VS.. Reems, from Spalding; af-
/ firmed.