The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1891-01-30
! TRx ALIIA, CT BAxK.--we have several
fr NJ several quarters OF the

THx ALLIA, CT BAxK.--we have several
communications fr M several quarters OF the
State ssk,ne fne. tsics-- =
cutcsprise.
wehsvc spoken O c9ncnily and pneqnivo'
c.llv O, this point IL Tbe C5hoa Plant here
,otc,e bu. VIC are " ling to throw addit oanl
H,ht upon the question il we GRO able.
TO our mind 1, Is quest on OF expectancy.
Of business pol cy /; and natu' n ly there WIN
arise differences Of opinion among iudivid-
nails. without claim ng Cor cur opinions my
/. mo,s weight than their iosNul feNifN TO me
D, emises' 'carries, we present the case rs
appears 10 us. - ,,.,r;ho1
pov,vvv rs Das fpr the commercin ra,ihg
OF the state Exchange. S'me SlZ,oo OF
hi, amount has bsan poid 10, md for ye'r
or more has lain almost idle, In 81 fsr as
ia en-, acity 10 earn profit directly has bee"
oxercised. True, Il has given the State Ex-
change credit, and thus has saved the iarn-
ers OF the State several hundred thous'h'
dollars in the one item Of cotton coSerihs
last wear. But il is very easy to see ''h'
thi, snmc money, in csird in bank 81 orr
own, in.tcai of in stocks oil othcr DankS'
wound serve the same purio'e IN in re
effective way. aud at the same time yield 10
tho sub- Alliar ces that contributed il the pro-
a. that now r.cs 10 tho banks u'ing 1t. We
nav i, would pei form the game Office that u
now n,rfo, ms M, re effectively bccaus,, the
opcrn,ion, of the State hus'Lcss agent couii
T., conducted M en- smaller marquis cf pre-
6t to the wholesale mrn, il he had The y E
lance Bank at his buck.
Tb,stc.nr uu. mi ~c prc-unc ITS iru, u
will, no, hc uucs ioucl, III" s'ron9c" tho onhk
the r,naer The agent credit, snh 'he "e'
ter the ,c' ms to tc Obtained III his iurchase'
m, tbe Alliances, This i, briefly the grVun'
"Hr III al r.,fp pI
ment OF the Alriancs Bank; aud nc thinf
that the results wi fully vind cate the was
aS% q ass fnssTRTasas ss-a IS US 10 resi- Upon mi,
app ehension Of its Ian md purposes. 70
instance, one bro'he''s objection to an al
prop sed to cs'a ablish n Nnri nal BiLk. Bu
this is NJ pm I If our in'cn i n-nothing il
further frOm our pur, osc. The proposed
bank will he inrorpora cd under the Inns q
South Caroinn, AID under State laws IL viii
operate exc cuIivcly. should "rpu.c il il
il were TO he n Nutrorn' B,rk
Another brother is very much concerned
about tho rate Of interest to hc chm god.
This, M well as the Ir""i"uS qu"s: ion,
we worth cnsdc a'i"n; bat we 'crly
think il would hc vi to orpos, the cs'uh-
sumcnt o. th" bank for fear unrras ,nahlc
rat = ot intcic woud he cha gel. The iii.
,cct rs of the lank vi rcpres. II, the Al.
lance, whn'c rincip,cs nrc directly oppose
cxhUibitIn' Iis"pririS and iutcrc-
Ia is IA I ns.uinc ,hat an Alliance Bank
managed 10y Alliance men, in accordance
with A!litncc Irincip'cs, would be
conduct upon ate ui in'"r's' hat W al |
be Fl! rs lciworn the al iuncc ST" ,th"l ,"r ,
on the nne Ian ! and the Alliance borrowers
NIL lrcthren on the 9th T..
liut ctcn il il did genera h,nkiny la i
ness Ike the ether hanhs, at the .imc rate
"fin,crcSt or discount, 80 aste declare hnnd
some dividcrds II occurs To us TINT The farm
ere who contributed their funds I, the bunk
in The wny of stock would b. the brnri
cinrics. They are the only ones who would h.,
intc' c'tcd as invts ors, nnd they would be
tho only ones TO derive the direct profit,
while the whole brotherhood would enjoy
tho benefits they now enjoy.
Ii appears to us that 50 far from the Bank
ind the Exchange operating against each
other the result would be To strengthen
both .--CoHoH WdHt