The Washington bee., 1907-05-11
THE AFRO-AMERICAN REALITY
COMPANY OF PHILADDEL-
PHIA CONQUERS SUCCESS.
The First to Pay Di5ideHdS.

The Afro-American Realty Company
of Philadelphia, held its first public meet
ing in Wesley A. NJ. E Zion Church,
Philadelphia, Pa, last week. The even
ing was inclement, but a good-sized au-
dience was present. Besides the officers,
the Rev. Dr. Morrisey, pastor of Wes-
ley Church, the Rev. DR.. Taliaferro,
pastor of Holy Trinity Baptist Church,
Counsellor c. w. Mitchell and Bishop
J. S. Caldwell spoke. The audience
seemed much pleased with the common
addresses delivered by men of expert
ence and affairs.
DR.. ]. S. Lennon, the president acted
as chairman of the meeting. He gave a
brief account of the company's methods
of dealing with the public and said that
the company had reason to congratulate
itself upon the measure of success at
tanned, and proceeded to introduce the
speakers. Mr.. 6. w. Henley, the ap-
praiser, made an interesting talk and
told in a brief manner how the company
was given birth. The secretary, Prof
H. T. Knealing, read his annual report
which showed that the company's re-
ceipts for the year ending April 10,
1907, were $1,000 His report also show
ed that the company owned real estate,
clear, easily valued at $4,000, and plans
were being laid to begin building oper-
ton on It's property in Anacostia, Wash
lngton, d. C., containing 70 or more
lots. The houses to be built" said the
secretary, ARE to be of a fair quality,
to attract the most people of Washington
and of the country" One gentlemen of
means in the Pine Bluff, Ark, has writ
ten to have three lots reserved for him,
and dozen more persons in the city of
Washington and others in Philadelphia
have spoken for houses
The treasurer, Rev. DR.. G. L. Black
WELL said: "The funds of the company
are in good condition and l am present
to carry out the order of the directors.
not in declaring dividends, but to pay
dividends and after informing the peo-
pie that the company's shares were still
selling at par, $500 each, he proceeded
to hand out the checks for the six per
cent dividend declared by the directors
at a previous meeting.
So elated over the fact that one col
ored company had so invested the peo-
pies money that it was in a position to
pay a six per cent dividend, several per-
sons came forward and subscribed for
nearly $500 worth of stock before the
meeting closed.
During the meeting Bishop Caldwell,
DIR. Iallaferro and DR.. Morrisey each
remarked that they were glad to live
long enough to see one colored company
pay dividends. The Bishop said that he
was Joiner" that he had joined every
company around that seemed to have a
promise OF success and that he had been
looking for dividend check for these
many years, but the Afro-American
Realty Company of Philadelphia, was
the first company of which he was a
member to ever declare and pay him a
dividend on the money he had invested.
Il believe" said he, that the Afro
American Reality Company of Philadel-
phia is all right because it has SO han
died the peoples money so as to redeem
its promises, while the other colored
companies, many of them, are doing we'll.
l highly recommend the Afro-American
Realty Company and its management as
being worthy of the peoples confidence,
and one in which the peoples money will
be safeguarded and proftably invested.
Since the meeting there has been great
activity in the sale of stock and the OUT
look for a much increased business for
the ensuing year is excellent. 1t will
pay all who want frst-class investment
tO hf1v now before fhA ctor!1 r;eae