The Southwestern Historical Quarterly, Volume 44, July 1940 - April, 1941 Page: 46
The following text was automatically extracted from the image on this page using optical character recognition software:
Southwestern Historical Quarterly
to the lack of patronage from the Patrons. The majority of
the Patrons answering the same question named the credit
policies of their managers as the greater cause for failure.
Another explanation offered was that the limitations in capital
lowered the bargaining power of the managers. Competition
from other merchants who planned the destruction of the stores
was frequently mentioned.53 Some Patrons charged their agents
with embezzlement,54 and with illegally receiving rebates from
drummers."" One report listed crop failures, opposition from
the Alliance Exchange, and the mortgage and credit systems
as the most common causes for failure.56 Operators complained
against the policies of Rogers; he charged in turn that their
lack of fidelity to the central agency was ruining both the
Grange and cooperative movement. Agents claimed that they
could buy merchandise elsewhere cheaper than from Rogers,
and that when they wrote to him regarding their needs they
received no replies.57 Rogers reported instances in which man-
agers allowed their stores to be dissolved as an act of resent-
ment toward him personally,58 on account of his refusal to
extend them additional credit. The effects of Rogers' credit
policy can be seen by observing statements on the condition of
the business at the end of the year 1888-1889. The capital of
the Association was $72,755, and in assets it had $50,224.64
due to it on open accounts and $63,495.03 on notes; its liabil-
ities were $64,641.07 in undue notes and $31,679.28 on open
Secretary Rose, who was also Worthy Master of the Texas
State Grange (1880-1891), had become so much accustomed to
defending Rogers in an endeavor to secure cooperation in the
Order that many Patrons thought he was endorsing Rogers'
credit policies. Although he was probably the most bitter enemy
of the credit system in the Grange, he had overlooked many of
the manager's faults and at times had allowed his faith in him
53H. C. Prather to Rose, March 7, 1891, A. W. Sanders to Rose, March
9, 1891, Rose Papers.
54George Vogt to Rose, March 7, 1891, Rose Papers.
55T. W. Slade to Rose, March 15, 1891, Rose Papers.
56N. A. Glover to Rose, March 20, 1891, Rose Papers.
57"Minutes of Texas Co6perative Association," pp. 301, 305-306; T. M.
Conley to Rose, September 22, 1888, Rose Papers.
58Rogers to Rose, January 5, 1888, Rose Papers.
59"Minutes of Texas Cobperative Association," pp. 329-330, 356-357.
Here’s what’s next.
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Matching Search ResultsView four pages within this issue that match your search.
Other items on this site that are directly related to the current periodical.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Periodical.
Texas State Historical Association. The Southwestern Historical Quarterly, Volume 44, July 1940 - April, 1941, periodical, 1941; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth146052/m1/54/?q=yaqui: accessed June 26, 2019), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.