CO-OPERATION IN THE UNION. 239 



Tennessee, Alabama, Georgia and Florida have estab- 

 lished Exchanges by which the farmers are enabled to 

 save the vast profits on merchandise, and the sale of 

 their products that now go into tne pockets of middle- 

 men; and, 



WHEREAS, Cotton, corn, wheat and other products 

 of farmers cannot be handled by farmers and direct trade 

 had with manufacturers and consumers without an Ex- 

 change; and, 



W HERE AS, An Exchange is absolutely necessary to 

 give financial standing in the commercial world to the 

 State, county and subordinate agents, so that in any case 

 of rejection of cotton or other products sold for the reason 

 of overgrading, loss of weight, or unsoundness, financial 

 reparation can be had without delay or doubt; and, 



WHEREAS, Said agents cannot purchase many articles 

 direct from manufacturers and supplies from farmers and 

 other State Agents without the assistance of an Ex- 

 change; and, 



WHEREAS, It has been and is demonstrated that in 

 the selling of cotton and other produce, the farmer can 

 save all commission and expenses that now go to the 

 middle-men, and sell and ship direct to manufactories in 

 this country and Europe through the use of an Exchange. 



PLAN OF THE EXCHANGE. 



We, the Executive Committee of the State Wheel of 

 Arkansas, and the Exchange Committee appointed for 

 the purpose of revising the Georgia plan of Exchange so 

 as to apply to the convenience and necessities of the 

 people of Arkansas, do, by the authority vested in us by 

 the State Wheel of Arkansas, hereby adopt the following 

 plan and laws to govern the Exchange: 



i. The name of the corporation shall be the 

 Farmers' and Laborers' Union Exchange of Arkansas. 



