# Charles Macune

> 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. This plan "called for federally operated storage facilities for non-perishable agricultural products, where farmers could deposit their produce, receive up to 80 per cent of their local market price, and have the privilege of selling their produce within one year. The cost of storage, insurance, and handling as well as 1 per cent interest were to be charged against the farmer. If the farmer did not sell his product within one year, it was to be forfeited to the government. Behind the scheme was the idea of greater market flexibility, a revolution in farm credit, as well as the end of the vicious southern crop-lien and sharecrop systems" as Martin Ridge summarizes.

*American politician*

**Canonical URL:** https://fame.am/person/charles-macune

## Identity
- **Profile type:** Journalist
- **Category:** Journalists
- **Country:** United States
- **Born:** 1851
- **Died:** 1940-11-03
- **Status:** deceased
- **Gender:** male

## Bio

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. This plan "called for federally operated storage facilities for non-perishable agricultural products, where farmers could deposit their produce, receive up to 80 per cent of their local market price, and have the privilege of selling their produce within one year. The cost of storage, insurance, and handling as well as 1 per cent interest were to be charged against the farmer. If the farmer did not sell his product within one year, it was to be forfeited to the government. Behind the scheme was the idea of greater market flexibility, a revolution in farm credit, as well as the end of the vicious southern crop-lien and sharecrop systems" as Martin Ridge summarizes.

## Fame
- **Fame score:** 36.7
- **Momentum:** 10.9

## Sources
- [Charles Macune](https://en.wikipedia.org/wiki/Charles_Macune)
- [Wikidata](https://www.wikidata.org/wiki/Q5080574)

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