The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1892-06-07

the first thing they did was to elect B. N.
Miller chairman of the meeting. the presi-
del; dent of the alliance, W; e. Il. searcy, be-
stated the object of the meeting to be to
declare the charter of the warehouse null
and void, and for the purpose of electing a
board of directors for the warehouse. This
accomplished, the board Of directors elected
John II. Mitchell president of the board.
After this work the newly elected direc-
tors passed a resolution instructing the man.
ager of the warehouse, J: d. Williams, to
pay to each allianceman his dividend for the
year 1891, and right there q snag was
struck. The manager, j. u. Williams, in
compliance with his orders from the new
board, went industriously to work to make
up his accounts and draw checks for the
amount due each stakeholder. These checks
were drawn on the Farmers Banking Com
pany, and when the hungry mob of far.
mers applied to the bank for payment OF
the checks they We're informed that both the
president end cashier were absent.
This was an eye-Opener and was hard to
believe by the farmers, who continued TO
linger around the bank until, at last, at least
one hundred and fifty congregated in front
of the door, blockading the sidewalk, but
they finally found lingering useless and dis
persed after receiving assurance that Colonel
Searcy was in Baltimore.
Counsel has Been Employed.
At this stage of the game counsel was en-
ployed to legally annul the charter, as they
had become convinced that their acts i'll hay
ing the checks drawn were, under the char
ter, illegal, and if any one had been III the
bank they could not have safely honored the
checks, even if they were signed by the
manager, for the reason that he could not
draw out more than one-half of the pro-
ceeds as stipulated in the charter.
This state Of affairs IS deeply deplored
by all classes of our citizens, as the sue
cessful management of the alliance ware
house business could have brought hundreds
of bales of cotton to this market annually
that will 80 elsewhere. IL is the purpose OF
the new board of directors, however, to ex-
tricate the warehouse from its troubles as
speedily as possible, and to be ready for
business by early fall to be operated on the
original plan, pay out the full dividends IN
cash at the close of every season.
s. c. McCandless, third party luminary,
made short speech at the courthouse to-
day Ais mission III Spalding was TO effect
an organization of this party, but finding on
ly two men in the county of his way of
thinking, he simply gave notice that con-
yention TO nominate CONGRESSMAN for the
on June 9Th. He further Informed the al
liancemen that If they made up their minds
with Post, Sockless Jerry, Mrs. Lease and
himself to go into the third party by next
Wednesday the opportunity would be afford
ed them. McCandleSs boasts that he has
the courage of his convictions in the third
party, and says that that party represents
true Jeffersonian democracy, while the So
called democratic party represents plutoc-
racy. He is anxious to be heard by a
Spalding county audience and asked the
press especially out to hear him next
Wednesday.