The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1891-04-09
HAVE MADE PEACE.
The Alliance and the Jute Trust Shake
Hands.


made peace and agreed upon the oaais Of
future transactions in bagging. The
visiting Alliancemen, and members Of
the Board Of Directors of the exchange,
have adjourned and most of them left frr
their homes yesterday morning.
A maximum scale of prices has been
fixed, and, with free competition below
the scale, the business agents of the
Alliance have accepted the proposition
Of the Cordage Bagging Company, repre-.
senting all but one of the factories that
were formerly included in the trust.
The regulations began with the Ma
tional Bagging Committee, composed of
Oswald Wilson, manager of the Florida
State Exchange; NJ. L. Donaldson,
Manager of the South Carolins Ex.
change, and W. L. Peck, Manager of the
Georgia Exchange. At the recent meet.
ing Of the Alliance State Business Agents
at Birmingham, all the cotton States
we're represented except Georgia and
North Carolina. Colonel W. L. Peck, of
the Georgia Exchange, could not 60 be-
cause of the serious illness of Mrs. Peck.
There Mr.. Oswald Wilson, the Chair
man of the National Cotton Committee,
submitted the proposition of the Cordage
Bagging Company and it was adopted by
all the States represented. The Cordage
BaggiDg Company propose to guarantee
a maximum price Of 81 cents per yard for
one and half pound, Ct cents for one
and three quarter pound, u cents for
two pound, and Il ceuts for two and a
half pound jute bagging, and agrees to
meet competition below this scale. They
agree to supply all the jute bagging the
Alliancemen want.
The Alliance business agents, in ac.
cepting this proposition, agree to take
what jute bagging they need from this
source, always provided that it meets
competition and supplies the goods
promptly.
As Georgia was not represented in the
Birmingham meeting, the same PROPOSE.
tion was submitted to the Directors of
the Georgia State Exchange at their
meeting here Tuesday, and it was unani-
mously accepted.
Among those present were: President
L. F. Livingston, Of the State Alliance,
W. L. Peek, President of the Exchange,
and Directors Broughton, Wilson,
Pearce, T. J. Barrett, T. M. Ledbetter,
S. Maxwell, R. N. Brown and two others,
whose names could not be ascertained.
Although the proposition was finally
accepted there was some hesitstions at
first, because the names of the jute bag
ging people were not forthcoming, but it
was represented that if the proposition
should be accepted, responsible names
would be affixed 20 the contract. If the
proposition should not be accepted, the
parties did nSt s7ish to disclose their
identity.
Hon. W. L. Broughton, one of the Di.
rectors, says the proposition came from
the Cordage Bagging Company, and it is
his impression that this concern includes
all but one of the factories which com.
posed the Jute Trust of two years ago.
The exception is the Charleston factory.
As to the exact nature of the PROPOSE
ton, the memories Of several Directors
differed somewhat, and the document was
not accessible, as the Secretary, Mr.. T.
NJ. Ledbetter, had left the city, taking
with him the record of both the proposi.
tions and the resolution accepting it.
The above version was given by MIR.
Broughtou. Another gentleman who
was present stated it as his recollection
of the resolution of acceptance that it
bound the Alliance to nothing, but sim.
ply recommended the Stale Business
Agent to trade with these parties if they
could offer better prices.
The same gentleman said that the par.
ties whose proposition was submitted by
Mr.. Oswald Wilson, Chairman of the
National Cotton Committee, offered to
furnish the Alliance with Everything it
needed, from a knitting needle to an
elephant" When it is remembered that
the Alliance embraces nearly half the
farming class of the cotton States, this
proposition is seen to be one of prodigi-
Gus size.
This gentleman went on to say that the
concern proposed to put up $4,000, 900 to
start on, and slOO,0OO,O00 if necessary.
In turn they expected the Alliances to
put up something. Each sub.Alliance
that wanted to buy goods to the amount
of $4,000, was to put up $4,000. sit
was all to be cash." said he, sand on
that basis the sellers could do an i'm
mense business on no very great capital"
Mr.. Broughton remarked, "They claim
that they are whipped and want to be
friendly. l am like the man who said
he vas afraid of the Greeks bearing
gifts 1t looks like the proposition is a
safe one. We did not want to deal with
parties who would begin to put the price
up, 80 ne insisted on q maximum price,
which is reasonable, with al the advan-
tage of competition below that"
The importance of this action by all
the State Agents Of the cotton belt but
one is very great. Even if the action
does not bind the srb-Alliances, the
recommendation CIR. IS great weight.
When the Alliance passed resolutions
boycotting jute bagging, there were few
Alliancemen who did not stand up to the
fiat of the order. though it cost them over
dollar bale. When they make fiat
which relieves them of this extra cost,
there is every reason to believe that they