The record-union., 1899-05-17
GROWERS
IN SESSION,
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ter, or just as soon as our corporation
had demonstrated that it was ooiia
tide concern and capable of holding It's
own.
Such a call going out to the growers
from this committee. with the tull anu
enthusiastic Endorsement OF the con-
vention and with the names OF It's pesl,
brightest and most capable men at lis
head would inspire confidence AND most
surely meet with a hearty and general
response.
Such an organization could absolute
ly control the price of labor-could 90
away with this villainouS institution OF
Chinese tenants and replace them with
a much better class of white help, which
would aid in building up the community
instead of causing it to degenerate as
at present
There is money in the fruit business
just about as much as there ever was,
if properly managed. 1t is our own
fault that we have not been making 1t
of recent years. Properly organized
there is no good reason why we should
not turn the millions now going into the
pockets of commission men and jobbers
into our own pockets.
An organization of commission men is
purely and simply organized highway
robbery
There is little doubt that every bank
ing house in San Francisco which does
an INLAND" business would lend it's
hearty support We're the matter clearly
and tactfully presented to their atten-
ton, for they all hold mortgages on
fruit property which they would gladly
exchange for more promising security.
New times, new circumstances, new
business contingencies call for new
methods new ideas and new forms of
organization.
This plan is up to date, but has been
Well tried. 1t is practical, comprehen-
sive and exactly suited to the emer-
geEcy. If it is not adopted now it will
be later. If it is adopted now it will
save US further years of poverty, profit
less labor and fruitless worry.
Place at its head the strongest, most
capa BILE and most thoroughly honorable
man, interested in the business in the
State, and keep him there till he has
had time to thoroughly establish the
methods and policy of the concern. AS
sociate with him the very best Of legal,
1iAdlCldl dilQ DQSluGSS ldlGul, DtllS
sure, however, that each Individual of
them has faith in the plan and can
work enthusiastically and honestly for
its success.
Do these things and then stand by the
organization through the first struggle
for a footing and the battle is Won
Do these things and in a few years
our 4ishacks' will be replaced by villas,
re nv o,Jc nd
cages by bank accounts Do not do
these things and you will continue to
be slaves to one of the most impudent
schemes of robbery the mind of man
ever devised
STEPHENS WANTS PROTECTION.
Mr.. Stephens, commenting on Mr.
Geraldson's proposed plan, said that if
SUCH corporation was formed, it
should be SO formed as to protect origi-
nal stockholders-som netting on a line
with the Valley Road, or with even, if
possible, still more safeguards thrown
around it,
Mr. Stephens stated that for the pur-
pose of ascertaining whether or not a
corporation could be formed and an
agreement made by the stockholders
by which they could maintain control
OF 1t so as to prevent it from falling in
to the hands of others who might use
it for purposes other than that designed
by the original stockholders, he had
called upon Robert T. Devlin, whom he
had requested to be present at this
netting to state his conclusions
ATTORNEY DEVLIN ADVISES.
Mr. Devlin said at the request of Mr..
Stephens he had considered the ques-
ton of the formation of a corporation
and the provisions to enable stockhold-
ers therein to pool their stock and vote
the same as unit.
He said that the stockholders repre-
senting a majority of the stock in any
corporation that might be formed, could
enter into an agreement to vote their
stock for a term of years as a unit. and
might agree among themselves that
their stock should not be sold except to
one another for such term OF years. and
that to accomplish that object they
might place their stock in escrow or
select a committee to represent them in
the management of the corporation
That by such means they could insure
the fact that their shares Of stock
would not pass into the hands of others.
who might use it for purposes not con-
ducive to the purposes of the corpora
ton. Such agreements were strictly
valid and recognized by the Courts, and
that there was no legal objection to the
fruit growers, if they so desired. to
form such a corporation, and in the
first place by selecting those who
should join, and in the second place by