The county record. [volume] (Kingstree, S.C.) 1885-1975, 1909-05-06
FARMERS union PLAN
TO CONTROL COTTON.
WOULD ARALGAMATE ALL WAREHOUSE
ASSOCIATIONS INTO one Big Or
GANIZATION.

Ue presiuents vi etie 0ou" -"
ious of the Farmers Union OF
South Carolina met Thursday night,
April 90, in mass meeting IN the
hall of the house Of representatives
and deliberated until nearly mid
Night. The session was executive,
none being permitted to enter with
out the pass word.
President B Harris of the State
Union called the meeting to order AID
read the call. as heretofore published
President G s Barrett of the Ma
<..oaal Farmers union vas then IN
.csoduced and he spoke for more than
two hours, outlining the plan for
the formation of a corporation de-
signed to amalgamate the various
warehouse associations in the State
Of South Carolina into one assocla-
ton, similar to the ones in Georgia
and Mississippi, and perhaps other
States, the ultimate purpose being
the absorption of all the smaller
corporations into one gigantic cor
ooration which shall control the
cotton industry.
The purpose in detail with rela'
ton to this plan may best and most
sccurately be stated in the language
Of the proposed bylaws as follows:
"Wheu said corporation shall ac-
quire by purchase, or exchange OF
it's stock, the warehouses and other
assets of existing or future ware
house companies, thus merging aud
consolidating such other warehouse
companies into the Union Consol'-
dated Warehouse company, then the
old stockholders who shall thus be.
come stockholders in this corpora
tion, shall have the privilege OF
appointing three of such old stock
holders, who shall act as a loca
governing committee; and such com.
mittee shall have the power of rec
.ommending suitable person, a
stakeholder as warehouseman for
such newly acquired warehouse, and
the board of directors of this corpora.
tiou, shall, in the absence of specific
disqualifying causes, appoint such
warehouseman so nominated by the
said local governing committee, to
manage such warehouse; and in all
other substantial matters concerning
the local affairs of such warehouses,
the board of directors shall pay es-
pecial heed to such advices and rec.
concentrations Of such local govern
ing committee, who shall continue
stockholders in this corporation, to
the end that as far as may be prac-
ticable the former stockholders of
the locality where such merged
warehouse or warehouses may be
situated, may have a controlling
voice, by way of recommendation,
etc, in the local affairs and manage
ment of such local warehouses.
Nevertheless, this corporation shall
at all times have and retain the su-,
peryision and control of all ware
houses that it may thus acquire by
merger, purchase or otherwise. and
all warehousmen of such former in.
.diyidual warehouse companies shall
at all times be subject to the direc-
ton and control Of this corporation,
and subject to dismissal, and new
ones appointed in his, or their,
stead, at the sound discretion of the
officers and directors thereof"
This corporation proposes to main.
tain a selling agency whose duties
and functions are described also in
the bylaws as follows:
"The president, secretary-treas'
urer and chairman of said board of
directors shall likewise constitute
selling agency, or committee, for the
purpose of selling the cotton of the
stockholders, who may desire said
corporation to do so, direct to the