New national era. [volume] (Washington, D.C.) 1870-1874, 1874-02-19
RATES OF ADVERTISING.
JOB AND BOOK PRlgJIge.

away to work in the interest Of those in
other communities, making business for Hmm
drcGS OF working men, and borrowed for this
active service by men who can no better
afford to borrow. and who can pay no more
for its use than the capitalist of our own civ.
when bankis established it, our cnnlm1l,itv
1t Is presumed that, like other banking housog
belonging to the place, it is established TO-.
the benefit OF the people residing there. hr
loanlnS and taking care Of the funds
in the interest of the deposition and trr
community. Money can be borrowed nv
citizens, but the loan is negotiated II ~,
enormous expense to both parties and il is
not the policy of the Washington Bank I,
grant loans through the branch banks. while
mere your money is loaned every day. and
with personal advantage if necessary To- III,
officers negotiating the loan; bat those who
create the capital, where the banks are To-
Gated, are not allowed to loan nor borrow
through the branch officers. WHY not allow
all the funds deposited at certain point 10
remain there rs a trading capital for the bcne-
III OF the branch, the dcpositars and The
people? Why seeka borrower abr, al when
we have them here with n b1.. = 'i.reia,,.
who know the people better? Ask the
main Bank to allow us to keen ON, own
money and empower the directors and orr
efficient cashier of the branch to negotiate
loans with good collatcrals. The Washing
ton Bank has lien on more property than
any other banking house in WASHINGTON.
with great profit to itself and every business
interest i'll the community. What good does
investment do our people? Any one can this
see the damaging results of the system. II
Tie charter will not allow any change, let
the colorcd people of the South ask Con-
gress through their representatives to SO
amend the charter as to give less advantage
TO one quarter and more equal chance
among the depositOrs where the branch j.
located, and especially where The cashier j,
capable OF negotiating loan with rood So
Curty.
The managers tell our coloycd Lusiucss
men i'll the South desiring THIS accommoda-
ton through their own branch, such rs thc,-
can, and do get CT other banks in SoUthcyi,
communities, that they "do net loan nancy.
and that it would be very unsafe to accom3-
date the colorcd capitalist and business men
South by investment with them, and vet
coforcd men and more white men are acco;Do-
dated here. They say money will 90 of
ltseil were II Is III best demand in its best
interest. How can this money get demand
at home when it is lccislatcd away by thc
Washington Bank in order to accommodate
the Bank and people Of Washington. This
sort of argument has worn thrcadbaye. and
is only true when made in the interest or
those who make it. The statement is Il supcr-
stitious one, and if made against business
white men i'll the South, il is an appeal to the
political prcjudiccs of the negro, against his
best interest; if it is made against colorel
men in the South, who will compare with
colorcd men elsewhere, it is sad reflection
on their integrity, when compared with both
white ana colorcd who arc Accommodated in
fv,.,N
best interest OF the southern branches. il
cry mad dog by saying Il negro is OPP
posed to the Bank, would be to me the best
evidence that am correct,