The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1890-12-25
THE STATE ALLIANCE BANK,
An Address to the Farmers, Alliance of
South Carolina.

An Address to the Farmers, Alliance of
South Carolina.
To the Members otthc Farmers AUiancc Of
South Carokina-DEAR BRETHREN The
trustee stockholders of the State Ex-
change of the Farmers Alliance have
decided TO locate the State Exchange in
the city of Columbia aud in connection
Herewith to establish Farmers Ali.
ance bank.
After careful consideration and thor.
ough investigation Of the plan under
which the State Exchange was organized, i,
it has been decided that there is nothing
in said plan antagonistic to investing the
capitol stock in bank to be controlled
and used in connection Herewith.
Arrangements have been made to
apply for a charter for the bank, and to
open books uf subscription to its capital
stock. 1t is the intention to make it
what its name imports, the Farmers
Alliance Bank, to he owned and CONTROL.
ed by the members of the Farmers Ali.
ance, with The understanding that the
Exchange is to have acontrolling inter-
est. All individual members of the
Alliance, the State Alliance aud County
Alliances, il possession of surplus funds,
are asked, aud even urged, to subscribe
to it's capito stock.
at a meeting Of the trustee stockhold.
ers held in the city of Columbia, on the
9th and 11rh instant, the undersigned
we're appointed committee to issue an
address to the Alliance membership
calling their attention to the facts stated
aud to urge upon them the prompt pay
ment of the balance of stock due the
State Exchange.
The Stale Exchange was organized
under most discouraging circumstances.
Only one. fourth oi the subscribed stock
was called for, ard this could uot be
used only as q basis of commercial rating.
The board Of directors were instructed TO
begin business and thus enter the COM
mercial field in which there is so much
ability, experience and sharp competi-
ton, and this without q dollar save a
small amount as interest on that part OF
stock paid in.
Everything was new ard untried.
Opposition met them at every turn.
! Wholesale dealers and manufacturers
regarded the movement in It's proper
light as an experiment and acted towards
it accordingly. The days were dark, as
we'll as the nights, and ofttimes it seemed
as though the enterprise would have tc
be abandoned. Expenses and debt;
accumulated day after day and it seemed
almost impossible at one time that wt
should ever be able to meet our obliga-
tions. We thought seriously of asking
the State Alliance to help US over oul
financial difficulties.
But during all these dark days there
was one thought that inspired us, it was
the faith We had in the loyalty of tht
Alliance membership, which MAS as s
sheet anchor TO cur hearts Tbis gave
hope and promise Of brighter future
That future came and with it came ligh
and Joy. All is now bright before us
The hardes: battles have been fought
the darkest day, have passed away ant
that same loyalty to this good cause o;
the part Of the membership OF the !.ll;-
ance will, We believe, make the Exchang,
what it is intended to be. q means Q
saving to every Alliance man some o! tn,
profits on articles produced, and sold b,
him, of cheapening articles purchased b,
him, aud OF reducing the rate Of inleres
on money borrowed by him.
Let each member Of the Alliance i,
paying his dues to the Exchange taxi
into the account the probable end posi-
Die benefits 10 accrue TO him in this bus
mess, and sac fiji does not promise &
be the besi investment made by him
Much cred !. is due the State manage
ior the success attained by The Exchange
IL fact he lfs doae the hardest work an,
-, come IL aisa:t contrast with 81:
many diilicl.!;.cs and e:ca. opposition [;
the enterprise !. aving his own hus;-
ness, :nd w':I :. ai,.2ry contingent OF ih
success Of .hc WORK; he Is deacrving G
lie confidence, and esteem OF ever
Alliance naa in Tie State The bas;
ness is gro irg, and car manager witt
those oi OF 'cr State. are now Arranging
to acL .cge. Ter ar ii concert with eacl
ether whenever ;al: can de done adyan
,ageou-ly go The Alliance membership.
What lower and influence Is thi
for The closation, training aa;i t!nancia
success Of she farmers OF cur countr;
Let us see 20 il tlgt oGr State Exchans
shall so. bc bei.:ud Others With IL
IS per cen, Of unpaid stock TO the Ex
change, and with q subscription frol
! other Sub-Alljauces which have not 8