The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-25

al the receipts and the payment OF the
amounts advanced. together with all IN
r,aen,al commission and charges. Pay
uents for tobacco purchased or advances
ON tobacco stored may be made IN cash.
,-omi.~orv notes r~cdeernaele At a liked
time. stocks or bonds Of The corporation.
or otherwise. To manufacture, buy. Ell
and otherwise deal IN any and All h'Ah5
or fertilizers. paoSphaies. cotton $50
meal and farm supplies 10 engage lh ne
general merchandise bushes cltheF Oy
\ holcSale or retail. To buy. own lease.
.ell improve. rent. or otherwise acquire
Or dixrr.s Of such real estate a may
~ considered convenient. necessary or
desirable. and 10 DO any and everything
NOT prohibited by the laws or the state
of North Carolina"
..rhc corporation shall also have 10"
er 10 conduct its business IN al ~
branches. have one or more oiaers. and
~unhmitedly 10 hold purchase. raori.ag"
and convey real and personal property III
lanv state. Territory or Colony - thc
United states ana in any foreign country
or place
I No ,~tockholder OF this corporation
! shall be individually or personally 'aoi'
for the debts. contracts. forts or oht'
! cations OF TIN, corporation beyond the
emount subscribed by h1m.
II this tobacco should be LETT on ihc
! hands OF the corporations. they could con
vert i INTO the manufactured product NJ
a handsome profit. a there can be no gus
ton a. 10 the profits in such Z business
when the new material = bought ~ lt
hclo~ the cost of production
These corporation. could establish stor
age warehouses for keeping tobacco and
many farmers would take stock IN this
business by putting IN tobacco a. capital
instead of cash.
Those farmers who may wish 70 sell
: outright could take part cash IN ymc
and The balance IN a promlsSory note from
the corporation, which they could use IN
! relieving themselves and the merchants
of their pressing obligations. These tarr;-
crs who WISH to hold their tobacco could
have it dried. grady and priced and SCI
cure advances on it, and redeem their ~
bacco later upon the presentation Of ware
house receipts and the repayment OF the
amounts advanced. together with com
missions and charges and interest on the
money advanced.
1t Will not be the purpose of the
corporations to Interfere with the ware
houses in any way. as the buyers Tor the
corporations would go upon the warehouse
floors the same as the other buyers.
SENENTH.-That we direct the APP
| pointment by the President of the Asso-
! citation of an organizer for each county
and that provision for the pay Of organ
izers by the Board Of Advisers 81 the
North Carolina Protective Association.
North Carolina Protective Association.
this being f. l.. Daughtridgc. w A..
! Graham, w. A. Warren, j. J. Laughing
house, j. b. Coffeld. j. b. Davis, T. b.
Parker, w. f. Grassland. Manly Mellow
ell, G.. II. Bellamy. w. f. Parker, S. l..
Patterson. d. ]. Aaron, S. II. Strange,
J. p. Allison.
THE CLOSING SCENES.
The resolutions were soon adopted af-
ter being read, and taen Col. j. Bryan
Grimes was asked to explain these in
detail. He did SO and IN doing this made
a forcible speech, urging that
the plans be adhered to, and
that every effort be made to form local
organizations. He declared that the far
ners could complete with the American
Tobacco Company, which with its plants
bought at high prices and its watered
stock would not be able to overcome the
warmer. W Will find a market for the
! goods if we manufacture, for the mer-
chants will stand by the farmers and the
consumer VIII do likewise
Mr.. j. j. Laughinghouse also explained
the plans set forth and urged thorough
organization. He said that the farmers
with eighty-two per cent Of the country
should not be still and be controlled by
the other eighteen per cent. "Unless you
organize he declared to the men who
heard him." you will ever remain hcwers
of wood and drawers of water to the eigh-
teen per cent.
Inquiries from Hon. b. H. Bum drew
out other details of the plan, and after
a short general discussion the great meet
ing ended.
1t was a meeting attended by represcn-
tative men from almost every tobacco
section Of the State, and there were pres
ent men connected with almost every
phase OF the tobacco business from the
small planters to the Independent manu-
to give, because of their great number
The meeting was one held by men with a
purpose, and while every man did not get
his desire or see exactly his plan adoptcd.
1t is the belief Of the great mass that an
onward step has been taken in solving the
present grieViOus tobacco problem, that
only requires energy and work to lead to
final success.
The Meeting at New Bern.