Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1890-12-25
ss TTaosrPsoN, ssITH 4 yA9NIs.
The state Alliance Rank,


great interest to the Alliance of this
State:
20 he Msm6sas eJ TIE BayDaeas'
AHiance d SousN Garplina
DEAR BRsErHREa: The trustee
stockholders Of the State Exchange
of the Farmers AllianceShaYe deci-
i u ttoessa Et.ss State S.asts IsS ooi.sss.iiiJR1s8 iii
the city of Columbia and in eonneG4
tion Herewith to- establisha Farmers'
Alliance bank.
After careful consideration and
ii saatiigati Of the nlan
under which, the State Exchange
was organized it has been decided
that there is nothing in said plan
antagonistic to Investing the capital
stock in q bank TO be controlled and
used in connectio Herewith.
Arrangements have been made;to
apply for q charter for the bank, and
to open books of subscription to its
capital stock. IT is the intention to
make it what its name imports, the
Farmers Alliance Bank, to be owned
and controlled by the members Of
the Farmers Alliance, with the
understanding that the Exchange is
Ito have q controlling interest. All
individual members Of the Alliance,
the State Alliance and County Alli-
ances, in possession Of surplus funds,
are asked, and eyen urged, to sub
scribe to its capital stock.
AT q meeting of the trustee stock
holders. held in the oity Of Colnm-
bia, on the 9th and 18th instant, the
undersigned were appointed a COM
nnittees &c issue an address to the
Alliance mem befship, calling atten-
tion to the facts stated and to urge
upon them the prompt payment es
the balance of stock due the State
Exchange.
The State Exchange was organ-
lied under most Encouraging circum-
stances. Only one-fourth of the
subscribed stock was called for, and
this could be used only as q basis of
commercial rating. The Board of
Directors were instructed to begin
business and thus enter the CONNER
St"t hoAo ia Wiiioh lGhcIo.ls ~ IMucn
ability, experience and sharp compe-
titlon, and this without q dollar save
a small amount as interest on that
part Of stock paid In.
Everything was new and untried.
Opposition met them at every turn.
Wholesale dealers and manufactu-
rers regarded the movement in its
proper light as an experiment. and
acted towards 1t accordingly. The
DAYS were dark, us well as the nights,
ana ofttlmes II seemed as though the
enterprise would nave TO De aban-
doned; Expenses n debts accumu.
latedd gay after DAY and 1t seemed
aimost Impossible at u time that
we should ever 30 able TO meet our
oDlgations we thought seriously
OF asking tne state Aliiance to help
us over our hnanolal dlflcultles.
but during al hese lark days
tnere was one thought that inspired
US, u was the fa,tn we held IN the
loyalty OF the Alilance membership,
wnlon was as a. sheet anchor TO our
hearts, gave nope promises
o. a ! Drign!er ! future
culhe anu WIN ~ came ilghC ana Joy.
~ now Drlght before us: Ihe
iaraest oatIles nave oeen fought;
the X Gays nave past away and
1nat same loyaeSy 70 tnls gooa cause
on Inc part OF tne membership OF
e the Alllance VIII we Deiieve, MAKE
.'lo hAcAange "hat IL 10 intehaea 70
DC, means OF SAVING 10 every ALL
ai.ee'laan some OF the PIonts on artic
oles produced ana SOLD by nm, OF
SneaPening "rtlcles purchased by
nun, anu Oh reuuclhg fene rate u
interest on money Dy~ nm.
i!et eacn q Inc tAillance IN
payirg nis uues 70 Jug Lsxonahge take
alto ne accoult MS Pfooaoie pos
slole dement's 10 accree 70 MN IN TINS
BUSINESS, anu sIe II II zoe Q pro
Llls1 20 De Inc pest Investment maze
oy n'n Nlucn Greoit ID due me
o.a:o manage . the success
h.'alieu 10y Inc GScnange. IN 1aot,
~ nas zone cle hardest WORK ana
Has GOING III UlrcCI contrast with the