The Washington bee., 1892-05-07

! struggling religious organization Il
AnacOstia. We accepted their appllca
tion for loan of 81 900 and agreed t
i make the loan when we actually had T.
borrow the money with which to keel
| our promise to them. We made tn
loan, however, and this demonstration
of our ability to help somebody, prOyet
a telling point in our favor.
OBJECTS OF THE ASSOCIATION.
The primary purpose of this OTgani
ZatiOn il to combine the small saving
of the many, and by an economical anC
| Just management Of those savings, t.
help those who need help either i'll buy
| ing homes or starting in business.
Those who can afford to save some
thing of their earnings every month
and it is almost criminal neglect O
our future not to save something, vii
| find in this association an opportunity
to invest their savings with profit. You
attention is earnestly called to thC
pamphlets which will be handed to you
this evening, and You are invited tt
| study carefully the tabulated statement:
in those pamphlets showing the profits
| that accrue 10 the stockholders whether
| they are mere investors or are borrow
erS from the association. This kind OF
enterprise is commonly acknowledged
to be the very best plan by which Smal
savings regularly paid in monthly may
be made to produce the best results il
interest.
This association has happily passed
through the diScOuragementS neceSSari.
ly incident to its efforts to gain foot
hold in the community. 1t entered the
busy world of competition Oh it's merits,
and will live only as long as it deserves
to live.
The good influence Of this association
has been felt not alone in the aid it has
given it's members, but also in the
business sirit it has quickened and
developed in this city among our race.
THE SUCCESS OF THE INDUSTRIAL
EPIDEMIC.
Our success here argued the poSSibil-
ity Of success along other lines of bust
ness hitherto uninterrupted by us. And
so the Capital Savings bank was the
steady growth into solid, substantial
business manhood has simply astonished
its friends and nOnpluSSed it's enemies.
And likewise the Alpha Insurance Co.
which has but recently came into the
business world, seems almost to have
been born half grown. The amount of
push, pluck and persistency behind that
enterprise places it success beyond all
question or doubt.
These enterprises, my friends, repre-
sent something vastly more important
than the merely personal ambition of
any man or set of men. They are essen
italy race institutions, and the thOuS-
ands of cOlOred men and women in this
community ought By every cOnsidera-
ton that can appeal either to their race
pride or to their personal love of gain
support these organizations.
THE BUILDING ASSOCIATION
enters now upon its eighth year with
prospect pleasing. The board of d.
rectOrS are imbued with the firm pur-
pose to give careful. honest and intel
ligent attention to the management of
its affairs, and they only ask that the
citizens do their part in supporting the
enterprise. There is not a man con-
nected with the management whose
support depends upon single dollar of
the cOnpany'S money. Every officer of
the company has an ample income from
other employment and the expenses of
are thereby reduced to a
There are $4,000 cOlOred citizens in
this district, representing 10000 units
4zss sss;se HHmaT1fty Wiiom
circumstances for the most part have
forced to stand alone in business, in
religion, in society and in politics.
Standing thus alone, we must stand
united.
Many of us, / know, have widely
differing views upon this point, bat TO
me it seems yet q stubborn truth that
the negro race in this country is to have
a common deStiny-FOr
Like warp and WOOf our destiny is
woven fast,
Linked in sympathy like the keys of an
organ vast;
Pluck one thread and the web We mar,
Break but one of thousand keys,
And the paining jar through all will
run.
Mr.. T. T. Fortune, of the N. Y.
Age was present, and was called
for. He made a happy speech
commencing the spirit which
prompted these enterprises but
said be, 1--WE will not make much
Roadway until we adopt some CON-
m term by which we can be de.
Signated." he preferred AfIo-
American to all others that had
been suggested.
President Montgomery then
called the attention of the audience
to the circular just issued giving
the plan and workings of the ASsO-
ciatlOn. He hoped they would be
carried home carefully read and
studied as they were meaty with
information of great value to US as
a people. He said. the names OF
Prof. StOrum, Mr.. Jerome Johnson.
two of the directors, had been mad
vertenly omitted from the list on
the pamphlet-The error would be
corrected as soon as possible.
The meeting then adjourned all
feeling that the symposium had
been a great success.
ALEXANDRIA NEWS.