The advocate., 1892-06-22


month, or $4,000 per annum, which In
cludes salaries and office expenses at
New York and Chicago, and manage
ment Of the eighty stores.
On the salary list are the following:
H. H. Balch 900 per year
Oswald Wilson. On.................... 5000
Geo, Drakeley. ey.....s'''.''''''''''" t'SO0 t'9o0 a.
Z. T. Spencer, who is Wsterbury's
confidential clerk. ....,....o.,.. hOOO
In addition to the running expenses,
as given above, the fixed charges include
interest ON bonds, amounting to $4,000,
making the regular annual charges
against the company at the present busi-
ness basis $27OOOO, and before any divi-
dends can be paid to merchants or Gus
toners there is also to be provided
interest at 8 per cent. on $965,OOO of
stock,or $50, 200, making the cooperative
feature, as one said afther the investlga-
tlon, "D-d remote.
With this record before them the COM
mlttee sitting ostensibly In the interest
Of the organization, say:
We ind the general plan Of the National Union
company to give general satisfaction, when In
actual operation, az appears BY the evidence Of
those appearing before u.s. but do not feel that the
financial standln: Is commensurate with Che
magnitude OF the enterprise.
F,S, MELVIN, J.H. VAN ARsDALE,
HIM. GILBERT, M. THOMPSON,
GEO. w. WIcKLINE, j. r. GULICK.
In explainglng why the twine trust
part Of the National Union was not taken
up, Mr.. ]. II. Van Arsdale, Of the Grange,
said: "We conferred with Mr.. Balch, and
at his request, and because It would in
jure the company, II the facts were re-
ported, all mention of the relations
between the National Cordsge company
and the National Union company were
omitted"
J. M. Thompson, master of the State
Grange, expressed himself much the
same, and said: 81 wouldn't buy twine OF
the National Union company because l
can get antitrust twIne that suits me
better, but we had to come TO some de-
cision, and If the company can get any
satisfaction out of that report, why, lot
them have IT, You must bear In mind
that we fnd, In effect, that their financial
ability is not vouched for. We wanted
to settle that, because some of our folks
might be induced to sell them stores or
get into something under misappre-
henslon." When 1t was suggested that
the men who bore witness to the satistac-
tory working Of the plan were employees
OF the company, he said: ayes; l guess
that Is So" George W. Wickline, an
other member, was rather free in his
statements. He said: NJ represent the
Farmers Alliance and Industrial Union.
The three organizations represented on
the committee do not stand alike in this
matter. The Farmers Mutual Benefit
Association and the Grange don't endorse
the National Union company anyway; In
fact, they are against 1t; but my organic
alton, through the Business Agents ASso-
citation, has given 1t partial endorse
ment, and we were not going to help the
others throw mud on our folks. You
see, it we had come out and said the
| National Union company is controlled BY
/ the twine trust, the political papers
, would say: There you have 1t; do you
, see how the Alliance and the trusts
) are working together?' And they
: would make capital out Of 1t. So /
( thought we had best stand by the thing
for the present, ANYWAY. or at least not