The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-07-30
ALLIANCE EXCHANGES.
THE BIG SoHEME ON FOOT FOR
THEIR CONSOLIDATION

A Copy of the Agreement Which
Each Merchant Going Into the Com
bine Is to Sgn-Tradesmen to Take
Certificates for Their Stock - A
Salary and Commission Promised
Them.
ATLANTA, Ga, July 29-Some time ago
the NEWS printed the first intimation of the
great speculative consolidation OF the state
alliance exchanges into one great exchange
in New York, backed by millions Of north
ern and eastern capital.
President Peek returned recently from
New York. "We are confident "
he said, shat our plan will be-
consumniated" He might have added
that SO far as the state alliance exchange Of
Georgia is concerned, the plan is already
consummated He had signed contract i'm
New York in his official capacity, binding
the Georgia exchange. Col Polk, acting as;
the agent of the great Now York company
has employed agents perhaps more, but
two certainly-to secure contracts over
Georgia. This is a copy of the contract
and speaks fo- itself:
TO Messrs. Os,Cald Wilson of Ne,o York C.tv.
and ---, State Business agent:
GENTLEMEN-Having been selected as the
agent Tor the proposed allance company in the
town OF -, In the state OF -. and having
read the indorsement OF alliance No. - of the
same place, beg to state as follows: First, r
am - years OF age, married and have lived
in - for years. | have been engaged in
keeping store in said town for - years My
gross sales per year have been about dol-
lars and have at present in my store goods
to the value of about dollars 4
feel very confident that should the proposed
alliance company be formed that can Increase
the gross sales to about - dollars. My rent
at present is - dollars. l fully understand
the proposed plan of the alliance company, and
l agree as follows:
2. Immediately upon the formation Of tho
alliance company will turn over TO the said
company, free of all incumbrances all right,
tltls and interest to the goods at the,
time in my store, and accept in fulR
payment an equal value in the first
debenture bonds Of said company upon which
per cent IL guaranteed. The value OF said goods
to be determined by an accurate inventory, to
be made at the lme by myself and represen-
tative of the proposed alliance company will
do this upon the understanding that all accounts
due me remain my property.
.. agree 60 turn over my property on the ads
ditional understanding that / am to be re-
tanned by the alliance company as manager
aud competent discharge Of my duty That
am 20 receive salary monthly Of - dollars.
am TO be allowed in addition --- per year for
extra expense of all kinds, and that am to re-
ceive an additional compensation at the end Of
each year of " per cent. upon the gross sales
| that maze aud my pro rata of the surplus
earnings in accordance with the plans as pro-
posed.
4. pledge my word to use my best endeav-
ora to carry on the business carefully and in the
| interest of my customers and under the direc-
tlon of tho alliance company / agree under
90 circumstances to create any liabilities, or to
| buy goods from any one. will also file bond
with The alliance company Of g., 900 aud deposit
| - OF my debenture bonds In a central bank as
| security for the faithful performance of my du-
! ties heartily approve of tho plan, and shall
In every way try to carry 1t out successfully In
| whatever district may be set aside for me.
! distinctly understand this as an option
which will hold good until Jan. /, 1899, and
| hereby acknowledge consideration for the same.
give this time for the purpose Of enabling you
gentlemen to complete and arrange the details
| of the undertaking. / remain. respectfully
yours, -
Witness -
Approved - state business agent
-, president alliance No. -. ~
- secretary.