The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1891-07-29

classes who love liberty and will stand for It's
THE TwINE TRUSTS PROPOSITION TO
THE FARMERS.
secret COnclnve With Alliance Lead
ers...A SIO.OOO.OOO supply Agency.
With Branches.
NEW York, July lI.-In n secret conclave
of representative Farmers Alliance men
from all parts OF the country, held recently
ut an out ofthe.way hotel i'll the vicinity OIL
This city, iheie was concocted IL daring imam
cial and commercial scheme which IT Is IN
tended to propose TO the farmers Of the cOun-
try, and which rivals in It's character and
innr udc the SUBJ LrenSury scheme.
Measures began TO be taken In March to get
together Il sufficient number OF the leaders
in the Alliance movement To give the project
an effective plrcntngr. and they were AL
tecded with such success that over thirty
Of them were brought together In This city
June 81. The scheme was the Joint invention
CorLage company (by which title the Iw Inc
and Ta.ging Trust Is incorp0raLrd) and Os-
wald Wilson, president Of the Farmers Al
lance exchange of This city, both OF whom
hope TO secure pleasant offices in the projected
organization. Mr.. BalclI, IT. Is said, pre-
sentcd To the corporation OF which he Is the
secretary such an aliuring picture OF the th,
scheme that IL undertook TO pay the expenses
of the proposed meeting and the travelling
hotel expenses OF the people attending II.
Mr.. Wilson canvassed the South and West IN
person In the interest Of the project and sci
ccted the men to be Invited to come In on
the ground floor. When all things were
ready and the list had been made sufficiently
influential In appearance 10 SUIT the concoG-
ters notices were sent 10 the selected individ-
ualS to meet at the Astor House in this city.
SUNDAY. June %. Nearly every Invitation
brought it's man, but few OF the schemcrS
went to another hotel instead of the one
appointed the general rendezvous and
thereby nearly gave the scheme away. They
were COZ ralIe by the leaders, however, and
escorted with other delegates 10 Crede's South
Beach Hotel, on the bay shore side of Staten
Island, where the conclave was held behind
closed doors.
A Go2DLY GATHERING.
Besides Balch and Wilson the following
men were present at the meeting:
Col. w. Peck, of Georgia, president OF the
Georgia Alliance executive committee.
g. w. Macuuc, editor of Tie National Econ
omiSt OF Washington, chairman OF the Ma.
ticnul Alliance executive committee and
father Of the notorious ub-trcasury scheme.
j. +. Allen, of llorncllvlIle y. y.
j. l.. Tillman, of Tennessee.
Rev. J. A.. Sigh, Of Newbrry. s. e., an
Anu.Alliance member OF the South Carroll.
W. ". Holland, of the National Cordage
s. utho Wilson. of North Carolina.
J. J. Rogers, of Virginia.
Frank J. CaypoIe ana NJ. ID. Colleen, Of
Kansas.
a. L. Sprague and George ~. Gowan, OF
George &. Cross, of ThomnsviIlp, Ga.
e. +. EIamlin, from the West (Neoi aska, II
was lhought.)
4. w. Wardall, of South Dakota.
George +. Garther, of Birmingham, busl.
ness agent of the Alliance for Alabama.
j. a. WIckman and William Dcbon. of
Florida,
At. Mcintyre, of Th0mnsville, Ga, who
expects to be the general Southern man
aser.
,J.T. Crawford, Dallas. Tex.
IT, =. Clayton, OF Louisiana.
Ga., brother Of x. i. MrIntyre.
W. II. Worth. OF Raleigh, state business
agent OF the 4 lliance in North Carolina.
dage company, assistant To boss l'nlch
There were TWO or three others who did not
register at the South Beach Hotel. but VIII"
attended all the meetings. returning To their
hotels In this city at night. Among them
was q representative Of the Alliance IN ohio
and ono from Chicago.
The meetings were held in the main dining
room Oh the second floor, which looks out
from broad piazza over the Atlantic. The
LhicngO man, whose name could not be as.
cGrtained to-day was elected chairman.
Meetings were held Monday night, nearly all
day Tuesday and Wednesday morning. June
Y, % and 81. Nearly all the persons attend:
ing remained at the South Beach hotel
throughout The three days. The National
Cordase company Is said to have footed the
bill.
4 DAZZLING SCHEME.
,r,,o roh,n,o ,rhioh poio,, op,, 1UiIeou
launched upon the meeting was for national
organization Of Alliance stores and exchanges
lhl oughOuL the country, with national
headquarters in this city, principle branch
establishment in Chicago. state central cX-
changes III every state. district rgnniZations
in every Congressional district and county,
and city exchanges wherever feasible. The
object was to control the trade OF the AIN
ance members, selling to them on the Coop
erative plan through the local exchanges
everything they should wish to buy at Il
slight advance on the wholesale prices; the
mead Cillce 10 pay for the merchandise: to
handle the surplus products of the farms for
ine filI mers. and to act as bankers for them
whenever desired.
The branch headquarters at Chicago were
designed aS q main source of supply Tor pork.
lard, flour and other provisions, and for
some kinds of agricultural implements. wag-
ons and furniture. From New York, or
through the main agency there, 1t was de-
signed TO maxi all Necessary purchases in a
wholesale way. of machinery, boots and
shoes, clothing, hats and caps. sewing ma
chimes, harness, carpets, oi!clotIS, fertilizers,
hardware, dry goods. medicines, weapons
books, and such other stuff as could not be
obtained 10 greater advantage elsewhere.
But this gigantic scheme could not he float
ed without substantial capital and without
he general acceptance and cooperation OF
| the members of tn" Alliance.
Tie National Cordagc company stood ready,
provided IL was given exclusive privileges in
he supply of cottun bagging and binder
twine To the Alliance exchanges, to lend sab
Stantial financial assistance 10 the scheme,
and some of Tie promoters were very ready
| 10 accept It's proposition. But Colonel Peck
pf Georgia refused TO countenance any such
irunclad agreement. lie was willing to ar
ranse with the Twine Trust TO pay It's own
price for such Of its cotton bagging and tTlne
as the members and exchanges might want !;
out he had recently investigated new kind
If cotton hng.ing of which lie thought very
:avnrahly, ana he did not propose To he bound
50 that he could not buy some II he wanted
to. Enough OF the others joined him TO pre-
vent the ronsunnmiiou of the little Sl0,0nO
ON scheme Of the Twine Trust. Finally it.
was proposed Ia cf!cc! Il corporate orgnnza
ion under IL favorable legal conditions as
,uuld lie obtalncd-and the New Jersey law
rcgn nrtling ,orp0rations waS considered quite
sufficiently mmodaiing-with n nominal
caIiiaI Of at least SiU.WN,WN. A system of
uref,r rred proprietary shares was To be pro
>idt Il, the shares ni this class To be appoint
ed among The present promoters, and to be
nOnnSscsablr, paid upand everlasting. These
shares only should bc represented III Inc gov
erning organizations.
Then there was to he an issue OF common
shares, which should nc open to subscription
by the lora exchanges and their individual
members, upon which the directors should
levy assessments :;S necessary in order To pro-
vide funds for the transaction of business OF
The central exchange. But the holders should
ne entitled To no share of the government of
the institution.
TIE PLAN TO BE PUSHED.
The scheme aS set forth was generally ac-
cnnt.i,ln and SDup of ihp pruulOtprS for