Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1897-03-27
A SAVINGS BANK IN DELAWARE.
Wilmington's Coming Institute The In
dustrisl Savings Society

WILMINGroN, DEL March 8, 'e7.
As a tribute TO those who are direct
" interested aud whose foresight and
business capacity coupled with an en-
ergetio effort 20 eduse into the mind of
the people OF our race in this city and
state the good sense and reason Of
practical industry, frugality and econ
ony. The above named corporation is
= monument upon the tablet of which
the epitaph OF success is engraved.
This Institution, the product Of the
wise and thoughtful OF the sons Of
Hamistic proclivity, was Incorporated
under the laws OF Delaware, April 81.
1891. Its capital stock is 500, 900. 90,
with shares at $1,000 par. Assets
50. 900 90; liabilities $4,000; and a
surplus of 1000. 1t accepts deposits
from five cents TO five thousand dol
lars, with interest at four per cent per
annum on sums OF five dollars and up
ward.
This is the only corporation Of its
kind north OF the once famous Mason
and Dixon's Line" It is IN every
sense practical Savings Bank, having
for its paramount object the induce
ment Co the young Afro American tue
practice of industry, economy and
unity in order that he may enjoy in
after years, the we'll acquired fruits OF
his frugnlity. One can become a
depositor by bringing his five. ten,
twenty five cents or more every We'd
nesday and Saturday and he would be
surprised to find himself in a position
within the course of Is or "a months
to negotiate for the securing of a COM
Portable home upon very easy terms
without the least strain or pressure.
The society possesses real property
in its own right; and it is occupyin ing
the first floor of the fine three story
brick house owned by il and nicely
equipped with banking fixtures and
facilities, including electric lights,
ETC., at No. I0O1z East eth Street, near
the business portion of the city and
one square from the Court House, an
edifice costing $l25,OO0.
An encouraging feature which may
be termed the harbinger Of success. is
the latitude allowed and the opportu-
nifty opened even to children. While
1 sat convtrsing with the cashier, a
very striking incident suggestive oil
much interest was displayed The
scene susceptible of two phases
past and future. 1t was the presen-
tation of lad apparently of Is or IA
years, at s 80 p. m, Saturday, desir-
| lDR IO pace W us CEcQib bWCntl- live
cents.
Will any man of Whatever proclivity,
contrasting the condition of that
young mans father 30 years ago and
that of his son 80 years hence, doubt
the OF my premises when 1 say that
identified in him a future Vanderbilt
Gould or Pierpont Xorgan. II so.
shall at once brand him as one whose
reasoning faculty is shackled with ha-
tired and whose eyes are blinded by
prejudice.
The effort of our people in the me
tropolis of the Diamond State is wor-
thy of widespread publicity and should
he emulated 1t discioses the genius
of an ever aspiring and ambitious few
who are determined TO place Itheil
star in that fiuancisl constellation
whose reflections will illume this the
10th and most progressive century o.
the worlds history.
1t demonstrates clearly the ability
of the Negro to cope with the most
important and all absorbing question
of the day-the monetary question
aud to concentrate his efforts upon 4
common interest, which enhances the
contamination OF an indispensable re.
suit.
JACKSON.