The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-30

SOCIAL RELATIoSs--A BANK AND GROCERY.
ON Friday evening. the colorcd convention met
usual at shiloh Pr .by terrain Church At the appointed
hour the attendance thin though the house allied up
well sftuwards
In the absence Of the regular officers. Mr. Ezekiel
Dias appointed Chairman. d.. MeCune smith Score
tary. Subsequently the REGULAR President and other
officers appeared and took their places
on motion. the SECRETARY read the report Social
relations from the Herald Of March "a embracing the
plan Of oint-.toc sa,ngs bank grocery and fur.
nsbng store, fuel house rent Ne. Several amendments
proposed and accepted among them one changing
the word -ball to may. in the following sentence
Zach ,ubcrhcr and investor shal! purchase for eah
such article. q. they may need at said grocery"
The following persons proposed and acec pied
directors of the contemplated bank Henry scott Phi
adcli hn: John =. zulc. Peter cuinou. Goo r D,sn-
ing. Arthur Oakley Philip A. Ben jesse Dawlcy of New
York Vim }. Wilson John y. Stlcs. 7. MoSf. a. "
cozzens Brcoklyu; J. overton. Ezckcl Das, Peter "
Ray. VI H.. Williansburgh
Nj Ulysses Vidal, man of large and ane ,tgsigue
having apparently about onefourth II negro blood IN
him elected honorary member Of the ccuvcnii,n
srdtcn and ssd:I qu ,tob III, praprcy Of adopt.
ing the report social relations because u /. imperfect
aud viii not work w,l 1t stands. Each member
81 the rropo-sd institution Is to pay in SO and 10 re-.
ori,e per cent interest," but there 4 no plan by
which any ~ the ncr.. in the &c retiring from
IA, institution Withdraw their money Vi l. Dor.
mnnent iuvtstment. The J. nothing ncw IN banking
again find that parties making the investment are t.
nnc.third Il the profits ami pcron. settling In
Tscx Hamilton sDd frspIn crunies are 70 have two
tbhd. ~ the profit cannot conceive why tho money
taken itn tie bard carnings Of tho ccd citizens II
New York should e expo nied upon people living at such
distance wa under the Impression that the ohcct
81 this Ioorsmcn, va % Industry among the
culTcd titiyeps ~ New Work. aud a. make them &C.
ouainica with the mechanical trades and 10 rsi.r no
y,nrz men and ypuna women from losly condition.
and ~ place tcm ~ ~itusiion. Of liia Ia which they
would reject credit upon their IL nv opinion the
true would be irst 20 sid brethren NJ home
snd 'etopdly any fund. c t. assist those abroad
IL u veil known fact that there are tIp.apd@ Of
erlnsd young and women la tbs city, who II they
hal the opportunity az engaging Va ysFiou. pursuits
through the as.slaDtr ~ cent raj ETY. wo,l rse 4,
b"nersbe competence and the .tigms that L
cast upon the If c4Dr Again rni that In this say
itg institute there safeguard. There are 10 rcso-
buttons ~ the price o. b. charged for groceries a.
there in the Of coal Va which 10 per erat 10 he
changed Now With regard e. real estate hnL in the
Eslald. file report hc eorrstt.-
In. yttsI ssrui-pcrfretiy correct
MIR. tfDsiI-f find the fullgwing -
The directors mrs also under like restriction. receive
suhstnrtons fr house rents ami when said subscrip
ticn- amount 10 eve thousand uisr. thry s,,I pur.
'hsse IN the name - the institute. productive real
estate. o. BE- ". al the best piiccs The best prices no
long way 10 ih. city 81 New YORK. The proposition NAV
bc good one 10 provide wsyz snd measp hut when the
means arc such - q produce the end IN view n /. better
TO ici v siene The plan ! imperfect The points may
- WORKED over again, which. 7 think -uuli be for the
tenci II all parties concerned an opposed 70 the re.
Mr.. HAnrlrcv said. the reason s~igned by ~
Vidal for not establishing the bank namely, that
t~o.ihirds ~ thc rrSts are 70 a. Hamilton and
franklin countrs va the very why he thought
the fsith should e estabshed for the settlers would bs
very much w need II the money In barren wilderness.
toyerd ~ mountain 800 feet hiyh Great iaughter)
Mr. Bonnsa-Whst security has the n,sa who invests
hi $40,
Dr. MtCuyr ssrrI-Tbc samr security - Ia the Saw.
ipes Bank ~ Wall stre~t-fsith IN men
Nr. BoRraM--wbo did not apresr 10 understand that
idea and locked around with bcvild.l,ncnt very funny
c,claimcd Fssth IN men " amidst roar q laughter
~ the whole convention which lasted several usinutcs
Dr. Nccrcs ssrra--Ikr Icmopd which risss DO0 Gcet
above the level 81 the y situated in the
beautiful countries in the world The fact Of . spsun-
tain being found In any district Of country " aryu.
m'nt against W. mrfiy The mountain In question, "
gt vpdsd ~ excellent tsbls band HDt II 10 fertile, 10