The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1890-04-30

never end, and q love that shall
never die. On His hcat; be all the
crowns! In His hands be all the
sceptres! and at ttis feet be all the
worlds!
TIE COOPERATIVE METHODS.
a Practical Experiment BY a State ALL
aroo...very Satisfactory Results.
The State alliance Exchange G
South Carolina, located At Graennlle,
| may already be co1n;Sered success.
It has row been Ii operation for
three months and It's success has
been such as to firmly establish it in
the confidence Of tbs Order through
out the State. In the three months
| $4,000 Of business has been done,
and the volume is constantly nreas-
ing.
The Exchange is regularly chap
tered corporation WITH a. elaborate
machinery, permestiIg evasy conazy,
townslup and noighborhood il shs
Ststs. The plan ofthe E1shanss wss
first submitted to the 1000 OF mcs
Sub-Alliances in the State for rstifea
ton. Each Alliance ratitying the
plan was entitled to subscribe to nos
Less than one share for the first shirty
five members, two shares for the dsss
sizty-dve, and so On according 10
regular schedule.
Each Sub-Alliancs elected { -us-
toe ssoclIolder, and the sub-srustea
stockholders in esoh county selected
froa their number county trustee
stockholder. Tbs county trustee
stockholders in tu.l elected nine d.
rectors, ono from. each CongressinA
district and two at large. Tbs diree-
tors elected J. G. Colt, Of Chesse~
feld, president; J. ". Fergusoa, d
Darlington, secretary and tceasuyez;
and II. L. Donaldson. of Greenvil5a,
manager.
The State Exchange has paid h
capitsl Of shout $4,000. This sun
is held TO form commercial backing
and it is not available for running e.-
penses. The current expenses, nelu-
ding the salaries of its officers, are DE-
hsyed by the brokerage and dis
sounts SLOWED by dealers and mana
facturers or business transacted
through tie Exchange. The nals
mum amount of brokerage which The
manager is SLOWED to collect is A1ed
by schedule prepared by COM
nltttee OF the directors appointed for
The purpose, The id.a being to secure
from shis source simply enough 10
pay the running expenses. Il the
Business should be 40 large as 20
cause the Brokerage fund to exceed
the expense account shs surplus wosld
be covered into the treasury and
every stockholder would get The bese-
st Of i ID tie forra Of q dividend.
While the salaries q tae officers Of
the Exchange are f1sd by the di1ee-
tors, they are not guaranteed. and
are purely contingent on Sae aacuas
OF brokerage collected
The business Of the Exchange 4
conducted wish eIsrsms aheyegy
safeguard Being provided q
regularities Of sny lind.
from Sub-Aliances come sh
county agents and are aecS
by the cash These orders q
on prices current Issued wsek1y
distributed all over bhs State, Tio
prices quoted to the buyaz include
the brokerage and are Wholesale euosa-
sions The Alliance nenbs, buying
through the Exchange is thua, by She
bulking OF orders through the Ez-
change, enabled to obtain goods n
retail lots at Wholesale prices. ali
funds derived from the brokerage CO
discounts ere tuned over to ths
treasurer, and neither the managss
nor any one else ean drs1 On shsss
fund except through the treasurer.
with draft countars;g2ed By She
president. The manager il required
to make a report to tbs presidents
monthly Of al business sransastedhy
him and Of al commissions and broE-
erage collected Ths county agents
are required to make similar TO
ports to the presidents 30 that the
two reporsa act as checks upon each
other.
The State Exchange is regarded As
being yet IN it's infancy. Manager
Donaldson is crowded With work
night and day. The business Is g-ow-
ingrepidly and the prospect is that
the record OF S5O,0C0 Of business fox
the first three mon5he vii be far GUS
stripped when the tsll season
opens. AS the plans and msthcds
of the State Exchange become bessex
understood among The memebrs Of
the Sub-Alliances the patronage
grows with a rapiditty which invG-
Gates that the Exchange may be-
come tremendous business factory.