The Afro-American., 1896-06-13

who has 25 cents to lay by for rainy
day. The strength of nations is in
their banks; for banks regulate the
medium of circulation and form the
chief cornerstone of the building of
commerce. 1T is the wiser men of our
race, Of whom NJ. Waring is an Illus
trious example, who have taken this
view of the matter, and are willing to
sacrifice self, if need be, in order to
| give to the race the evidence of r os-
sessing what the New York Age terms
'transcendent elements of strength
and power. ,"
This coming year the Lexington
Savings Bank wants 1900 new deposi-
tors, each one of whom will deposit
the small St1a of one dollar month
This seems small, but the results will
be large. There are MANY people who
wish to show their appreciation of the
Lexington B INK, and it can be done
by coming to 314 N. Eutaw ST.. near
Saratoga. and depOsiting the small
amount of one dollar a month. This
number of the AFRO AMERICAN will
be read by $1,000 colOred people of
Baltimore, and 1t Is not expecting too
much to think confidently that 1900
of them will become depOsitOrs of the
Lexington Bank at once.
A special feature of the Lexington |
Bank, is, that it is open every Saturday
night from 7 to 10 o'clock, and it is |
conceded by the depositofs of the
bank to be a great convenience.
Our c0IOfed churches and societies
get their mobey from COIOTed people,
and it is their God given duty and
race duty to deposit a part of thir
money in bank operated by cOJoTed
men. Every officer and stockholder
of the Lexington Bank belongs to two
or more societies. Every lodge in the
city should have a small account will
the Lexington Bark.
The directors Of the bank are Geo.
B. Mills, Geo. w. Carroll, E. j. War
ing, W. H. DAILY and julius G. John
son. pictures of whom accompany this
article.
Every person who is a member of
lodge, or a beneficial society, can show
for the Lexington Saw
ings Bank by seeing to it that his or
her lodge deposits So a month in the
Lexington Bank. This would be only
a small pittance of the money belong
ing to our lodges and societies held by ,
other banks of the city. Saving %
cents a week is the same as 81 90 a
month.
81 month for years, $50.
50 month for years, $12O.
So month for years, $3.50.
81 a month for years, $240.
$5 a month for years, $500.
We often say cOlOred people have no
can't do like white people.
BHt Bsgi4 an3y9ne e9p sasil5Yr 5r g9Ee from the
81 a month in the Lexington Savings
Bank, in q few years the colored
people would have one Of the strong
est banks in this city. One dollar a
month is only 3 cents a day. Doctors,
lawyers, preachers, teachers, dray-
men, hod carriers, washerwOmen,
sewing women, all can certainly save
5 cents a day. Even little neWsbOys
can do this. Hence there is no excuse
fer every cOIOred person in Baltimore
City not having a book of the LeXing-
ton Savings Bank. Many people are
to take 25 cents or ST to
bank, but quarters make dollars, and
dollars make hundreds. Only by put
ting their pennies, dimes and dollars
together, can the cOlored people ever
expect to become financially strong.
We haven't got money by the thou
sands, but if one thousand men have
one dollar each, that is thousand
dollars. Many people are saying that
the Lexington Savings Bank is good
thing, but they have no money to put
in bank. But every person eau raise
a quarter, and there is no excuse.
There are, it is estimated, $4,000
houses in Baltimore City, occupied by
colored people. Why should not there
be book of the Lexington Bank in
every one of these houses, when the
small sum of 25 certs will open an ac-
count?
Every person should keep this pa
per, read and study it. 1t will Go
good.