The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-22
THE STATE ALLIANCE.
THE ANNUAL MEETING OF THE OR
DER IN GRIFFIN.
They Decided Upon the Purchase OF a
state Organ-The Exchange VIII Contin-
ne Though Many Members Opposed 1t.

Griffin, Ga. August 15.-(Speclal. }
The trustee stockholders of the Farmers
Alliance State Exchange met here today.
A majority of the delegates came in last
night, especially the officers and commit
teemen. Homes have been found for ali
and the convention promises to be pleasant
and comfortable as we'll as an important
one. In fact, a prominent member OF the
order remarked that it meant either the
life or death of the order.
The exchange stockholders We're i'll session
exchange stockholders were in session
all the afternoon discussing matters of
interest. Many and enthusiastic have been
the speeches. From the outlook things are
getting pretty lively, though so far harmony
reigns.
A prominent official stated that the ex-
change had lost money ever since its or
ganization. First, the Wynn shortage and
then bad debts contracted to the amount of
$4,000 and expenses of $1,000 on $4,000
worth of business and then expense again
Of $4,000. all of which had been steady
and heavy drain on the original sum OF
10000. OF the whole amount there only
remains about $50, 1000. Some of the stock
holders are very much dissatisfied with the
management. while others are still hope
full.
Colonel Peek is also here, and is being
heard from in no uncertain words: Pres
ident of the Exchange w. A. Broughton,
is making himself known and is ready to
defend the management of the exchange
with forcble facts and figures. 1t is hoped
some light will be turned on ere the SEES
sion closes.
VIII Continue Another Year.
Griffin, Ga, August 16-(Special.)-T
exchange of the Farmers Alliance
will continue another year. This has
been definitely settled. The debate
was enthusiastic and, at times, hot to a
white heat Great dissatisfaction has
arisen on account of the funds continually
sinking until there is not half of the origi-
nal capital remaining.
Colonel Felix Corrupt, of Cave Spring,
led the fight for the adjustment of the eX-
change, and Colonel W. l.. Peek opposed
him in favor of continuing. Both sides
had strong followings and it was long
time before vote could be reached. How
ever, after a long and spirited discus
sion vote was taken and it was decided to
continue for another year,
9he Board OF Directors.
The board of directors of the exchange
have been reelected, and are as follows:
President, w. A. Broughton.
Business manager l.. 5. Ledbetter.
Other directors-l'irst congressional dis
tlict w A. Woods; second district, G.
w. Smons; third district, w. A. Wilson;
fourth district, ID. Is. Wells; fifth district,
j T. Davenport; sixth district. w. T.. II.
Searcy; seventh district, l.. 5. Ledbetter;
eighth district, W. 4. Broughton; ninth
district, H. p. Riden; tenth district, j. T.
Lingo eleventh district, 5. y. OQunn;
state ut large w l.. Peck.
President w. a. Broughton handed in
his resignation yesterday as president of
the exchange, but it was not accepted,
and he was earnestly requested to accept
the presidency for another year. After re-
Election he decided to accept.
Mr. Broughton went up to Atlanta last
night to bring down the cash TO pay off
y,e delegates He tried TO use checks but
'ilsc banks could or would not accept them,
rh he had to go up and bring down the ac-
: : 10 'SSecash.