Gloucester County Democrat., 1909-04-01
SOUTH JERSEY
FARMERS EXCHANGE.
Main Office at Woodstown.

meeting OF flfn GTS OF WQOuSLOWil ana
vicinity to consider the organizationsof
an Exchange, the object OF which
should be to enable the farmers to
forward their products direct to the
great centres of population, and to
prevent oyer-stocking the markets of
ally section Of the country.
The idea spread with such rapidity
that when the second meetin., was
held in Woodstown Opera House last
Saturday, it was apparent the scope
of the organization would have to be
broadened, and one of the first acts
was to change the title from Salem
County to South Jersey Farmers Tx
change. TI/O
John Borton, chairman of the pre-
vious meeting, acted as chairman and
Carroll Petit, secretary
The chairman said the object of tile
meeting was to talk over the general
situation, and see if we want to pro-
ceed to organize an Exchange.
The sentiment of the three hundred
farmers present was unanimous for
such an organization, ard Immediately
after the minutes of the first meeting
had been read, Salem County was
stricken from the title and South
Jersey" inserted.
In organizing it was resolved TO
follow closely the lines of the success
full Monmouth County Exchange. and
a copy of the Charter of that OF gani-
zation was read for information.
This document places the Exchange
on a broad foundation, aud extenils its
activities to the sale of every product
of the land, and the purchase and sale
of every article likely to be used by
farmers, to hold real estate, and do
anything an individual could do.
Edward Waddington, an attorney
at-law, was present, and in all that
was done having a legal aspect, his
advice was followed.
In reply to question as to assessi-
bility of stock in the exchange he adj
vised that full paid stock is not as
sessible.
Mr.. Waddington advised the meet
ing to elect directors to-day, determine
the amount of capital stock, also de-
termine if the directors or stockhold-
ers shall elect the President.
On motion the capital stock was
fixed at $125,000.
Mr.. MacF'arland, of Monroeville,
wanted the election of directors delay
ed until more stock is sold, so every
shipping station can have a voice in
the election of directors He did not
think the various towns had taken the
subject of directors into considera-
ton, hence were not prepared to name
them to-day.
In reply to question, it was report
ed that 1925 shares, at S. each, had
been subscribed in the vicinity of
Woodstown, 900 in the vicinity of Null
lica Hill and 500 in the vicinity of
Elmer.
The Monmouth charter provided for
II directors, and eleven had been
elected The counsel advised this
course here.
A motion by Reeves F1itcraft, that
this Exchange have minimum of II
directors and a maximum of II, was
adopted.
The subject of the election of direc-
tors was discussed. Mr.. MacFarland
pleaded for delay until a wide sale of
stock is effected, and all stockholders
are present to participate in the cleo
tion, for the reason that the success
of the Exchange was dependent on
the cooperation of the many, and the
business ability Of the directors.
Miss Jessie Colson, of Daretown,
said all those earnestly interested in
the Exchange were present in the hall
to-day, and those likely to be chosen
directors were also present Absent
stockholders, she said, are 1ukewarm
in the movement.
A motion to proceed to nominate Il
directors was carried.
Henry Turley suggested that nomi-
nations be in order; that stockholders
nominate whoever they chose, and
from this list every stockholder vote
for IL.
Mr.. Kirley, of Harrisonville, moved
that three directors be named by those
present from Woodstown, 8 from Null
lica Hill, from Elmer and at large.
This was debated at considerable
length, when Secretary Petit moved
as substitute that we elect III di-
rectors, selected from sections repre-
sented in the hall This was carried
and recess ordered.
During the recess stockholders from
each section met and held earnest con
fab. At this time it was noticed that
the representatives from Woodstown
and Mullica Hill was about equal in
numbers, and formed vast majority
of the representation. After the re-.
cess the Woodstown section named
Reeves Flitcraft, Clement Richman
and Gilbert Borton.
Mullica Hill stockholders named
Edmund r Ridgway, Asa Moore and
Wade Heritage
Howard Crispin was named from
Harrisonville and VIM. Robbins from
DaretoWn. These were all elected by
a unanimous vote.
The stockholders from Elmer sec
tion asked for more time in which to
name their quota, as none of those
present would accept and the subject
had not been considered before coming
here. A reasonable time, week or
ten days, was given to that section to
present names.
The selection Of the point at which