The Covenant of Service

The Covenant of Service eloquently expressing Exchange philosophy and ideals, was written in 1923 by Thomas L. Bailey, who later became governor of' Mississippi and national president of Exchange. It first appeared in the July 1923 issue of The EXCHANGITE Magazine, but was not officially adopted until 1927. Mr. Bailey was a frequent contributor to the early issues of the national magazine, producing stirring and heartfelt challenges to his fellow members to consider the cause of Exchange, support its aims and ideals and help the organization grow. One of only three men ever to serve two terms as national president, he was elected in 1925 and again in 1926. He was a charter member of the Exchange Club of Meridian, Miss. (1921), and a prominent attorney. He rose to be speaker in the Mississippi House of Representatives and became governor of the state in 1944. He was serving in that office when he died in 1946.

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