CHARLES W. MACUNE
(Charles William Macune)
Popular Quotes
The Texas Exchange, one of the first farmer's cooperatives, in 1888 raised over $200,000 in collateral on which they wished to borrow about $100,000. No one in Texas would lend to a 'radical' cooperative, even with collateral. In 1890 the Texas Exchange collapsed.
All Quotes
Charles William Macune was the head of the Southern Farmers' Alliance from 1886 to December 1889 and editor of its official organ, the National Economist, until 1892. He is remembered as the father of a failed cooperative enterprise by the Farmers' Alliance in Dallas, Texas, and as the creator of the Sub-Treasury Plan, an effort to provide low-cost credit to farmers through a network of government-owned commodity warehouses.
