The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-03-14
THE BUSINESS AGENCY FUND.
The Receiver Might Never Have Ae-
counted for It.
CHAPANoKE, N.

GudI q Ol1I lbs JUL lilo n
lin my humble opiniOD) OF strlkLnS a
death blow to the Farmers Alllance III
North Carolina. notice that IL Is en-
titled tn he an act for the relief OF the
Q of the State Alliance Busl-
. 1870 fund. [ would like to K
S eSS+io1 right here: What relief
baU the stockholders asked for, and
from whom have they asked this re
lief AS far as we the Alliancemen Of
Eastern North Carolina are concerned,
we ask no relief, but wish to say that
our money was contributed in good
faith with willing hearts, and we be
lieve and are entirely satisfied in re-
gard to it, and to day believe that 1t IS
entirely safe with the present Trustee,
Bro. w. A. Graham, and that we are
willing to let it remain so nov and Tor
ever. We also believe that as the fund
now stands. backed by a $50, OCO bond
and invested as stated by u present
trustee. it is much safer than to be
placed in the hands of a receiver.
Whoever may be appointed may re-
celve, bus after receiving may not &C
count for 1t.
l do not think that it is anything
else but a trick to rob the people, as
they have often been robbed by just
such unwise and mean legislation.
Whereas, large amounts of money
and other property have accumulated
under said act of Incorporation" This
large amount of money and other
property was given from the labors Of
men who saw the need of such an in
stiutiOn to protect them (when they
purchased any article of merchandise
from the eXtOrtiOn so long and often
practiced upon them, and { day If it
we're necessary ready and willing hands
would be stretched out rendering their
hard earnings in support Of this fund.
No voice or control in it's manage
ment." This is simply something got
ten up to make us believe that our
present executive committee and trus
tee are bad men and not to be trusted,
but we cannot be made to believe any
such thing yet awhile. Honorable, up
right men, such as the present execu-
tive committee and trustee, We are
willing to trust with the management
and control of this fund, for we feel
satisfied they are not going to risk the
confidence of their brethren for a few
dollars and cents. To whom Is this re
ceiver responsible?
Section 3 says that assets Of said cor
pO1 dGAO4A LIllA W NLoVA 1OALCN = EllJ
scribers of said fund.
Having been a member of tire Ali
anCe almost from its organization in
this county, ard having held the Office
of President Of this County Alliance
for nearly two years. l must say that
/ have yet to hear of any complaint
being made in regard to the safety and
proper use Of this Agency fund. and !
do not hAIJny-n fhcf this y-hIIn hjll -
gotten up for any thing but to bring
about dissatisfaction IN the minds OF
those who do not thoroughly under
stand the workings of TIE Business
Agency and the fund established for is
support and strength.
Graf fears are TO be Gn~tcrJaine ! that
if this distribution takes place, that the
assets will be distributed to those who
have Hevcr contributed one penny to
this fund, and that this large accumu
latiOn Of money and other property
will undergo q terrible shrinkage. No
one has as yet asked for any GistTihu
ton. neither Will anyone ask for any.
so long as it is managed as il has been.
There are many (as stated abOve) who
do not thoroughly understand this
Business Agency and the fund behind
ADg "a I ~ = q 4 II w CR4
and are satisfied that their money
would neve~ have been contributed
had 1t not been given for a good pur-
pose, ana they are well satisfied with
the present management and saying
nothing,
Why was not this bill offered early
in the sitting of the legislature? The
fear Of the people prevented. and the
~OriginatOrs of IL knew that from the
mountains to the seabOaTd the Alliance
men would have spoken in thunder
tones protesting against any such out
rage and imposition, They biGed their
time and opportunity, and knowing
that the voice Of the people cannot be
heard before the closing and adjourn
ment of the legislature, are now Ell
deavOTing by all their efforts to rush it
through both houses and hope to strike
the death blow to the Farmers Ali
ance IN this State Ungrateful beings !
not satisfied with reaping the honest
and hard earned fruits Of their poorer
feli0wman, but are still grasping at
his little and scant remainder, and
willing for the sake of place, money
and power to reduce him to q worse
condition than negro slavery.
But, SIT, this state Of things cannot
hold It's grasp upon the people much
longer. They are getting thoroughly
aroused and restless under this wicked
legislation, and | confidently believe
that THIS attempt made to disOrganize
and destroy the Alliance will bind us
closer together. May God speed the
day when we can get men 70 Iegislate
for us who have the good Of the people
at heart and the fear of God before
their eyes. F~raternally,
w. A. NEWBOLD.