The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1890-03-13

quite a different thing.
we VIII now recur TO the fEures
gwen above. Five thousand dol:ir, in
9upp'to9, IS per tho now arrnnccYne,,f.
at rs per cent, would net tho hliun,r
So,ooo, out this plan has been shown
10 DO impracticaole. Wo must. there
lore, consider the old lion and mort.
gage idea withits 80 per cent. premium.
Here We would have $4,000 netting
$2,50O, and it is with tho latter amount
Ihat propose to compare the cash
basis or money-borrowing plain. Five
Thousand dollars for nine months-tho
same TINA as computed in above ex.
ample-wou!d at 10per cent. discount.
net 81, 625. Wn now have 4,626 against
2,5OO, or a saving TO each Alliance of
$E,l2o But with n rebate OF 4 pcr
cent on the amount not drawn We
would theore .ically bo paying per
cent, but really about 8 pea cont. We
are now entitled to now cnlcula.ion.
tlVc thousand dollars ut s par cent
Tor nine months would be $3instead OF
1915 and hence the exact amount
savel would be tho difference be-
tween $4,000 and $1,000, which is 81
200. w.
apnrchond, therefore, that YOU will
nave little difficulty in reaching the
conclusion that it is better to borrow
the m%n&J than to attempt to utilize
ellher or the plans outlined ia the
general Alliance scheme.
1t mas been very wisely suggest I'd by
some one that before you could pre-
pare hare soup it was necessary to
eaten 'he hare. This parapArN!u sug.
gsSts That before you borrow money i,
"ou,d p2 we'll to see whore you can
got IL; we are consoled in the begin
! hlh% nv the fact we'll known that
moncyed men and corporations are as
| hluch dependent upon the uFa Of lheir
| rlontj by others for Ihcir incomes as
the farmer is dependent ,.pou the
working of his land by labor..rs for his
rents; and it. is ONLY necessary to Dr.
mpn:tTatc that the money will DC re-
turnod with to 7 per cent, and we
can get oil We want. Now, what as.
sIrancc cnL be given that tho money
VIII ba returned? We have numer-
Gus Alliances in this county, number
ing from forty to eighty numbers.
| Wlll anyone for Il moment Gcnv that
| these forty or eighty members can, if
| Ihey Ihoose, give good bomb proof
note lorS4 600 to $40, ,OOOf But ! haar
some one saying that | haye already
proved that 1t was impossible to have
'hem all ono into the merchandise
scheme. How will they he i4duced to
s'En TINS nOtc? There is this differ
Cnce: Inc one ask ct reasOnable, sen
SlDle iucn TO attempt some hing i'm
practicablo and foolish, the ether sug-
ScatS "Lhome, the requirements of
W1lch can he met anu whi3n would r.,.
suit IL wihrfprrnd and permanent.
substantial advantages where il i3most
deserved and most needed.
My plan is for every meu.ber of the
Alliance to sign a note. | ca,o not
whether he he wor n one dollar or ter
Thousand, he must be identified per
sonaIly. This y;i> cs him righ: to sco
hat all using tnis fund slall work
their crops, spcndlug uothug for
whiskey or lnxuries. Trn money
would be in the hands OF IL finance
COMMITTEES who would pror%1a month
~ ailoWauces, taking lieMs on all, and
such other surCtir5 AZ are USUALLY; .sir-
Ell from those who were able to place
them.
an greatly encourage ed with the
idea and would st ate 30 far as | know
the attempt i'll this county upou this
Identical plan has been mad pu. once
For!y.seVen members were present
i"rty six signed Il note for s / ,OuO-and
! ~ iotlr daNS the monev Was subject I,
;Hoir ord"r in ono of bhe banks IN CO.
lllnhia. When sia;o thA, lhi: Ali
ahce has more needy members than
any other IN the county it viii Ger
ealhiy pea matter Of announcement
to all.
In conclusion. lei me say ,ha, 7
consider ii a question o. put IN or
shut up" five arc afrail to trnat
each other what right have we to OK.
peci ala and comfort from merchants
or trusts? If it is still question of
devil take the hindmosr nmony,t
brethren, why shall We vilifv those
who recognize 70 obligation TO us and
IN many instances, being strangcra
s'mr:T n:y us oil in our own coini In
my opinion the tima has arrived for
The farmer in South Corolina TO sinn
to the front and rcgenerate this old
land, not forgetting to regcncrate
himself. Many ofus have bson too
prone to urge the making OF / poor
crop as an excuse for not payiay debts
winch we could pay, AID the credit
ol tte country has suffered incalculo-
ply thereby. And in some instances we
"re nianlng moneyed men for not Dut.
1iRX out their money more freely when
the fault lies with US. 1t cannot bo
denied that the banks of the State
nave been obligins to the farmers,
leu cease our crawling, brother
fnrmers, and again assume the no
right forms Of mcu, and deal Justly and
fair y ourselves before we abuse others
tor tor thel; shortcomings. am hope
iai Tor the nesr future, and honestly
believe that the timo ia at hand when
with the proper exhibition Of man
hood and charity You can get all the
ne!P needod, which, properly expen.
aed, will hasten tho advent Of ih,,
hettsr time so devoutly Draved for,
when You will not need to borrow Of
all, but Sitting under your own vine
ana hg tree" untrammellcd by liens
Hnc mortgages, you will enjoy in your
declining years that ease and prosnrr-
lty which ha' latterly fallen to the lot
of iew of us. ''
In giving figures nay object has not
oeeh TO be accurate, mathematically
speaking, but to discuss facts md
prime Piles generally.
H. w. WOODWARD.