The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1908-01-17
NEGROES DOING A BANKING RUsI-
NESS,

NESS.
If the majority of the race knew ex-
actly the activity that some members
are exercising in the financial world
through their various banks and bank
ing institutions, they would no doubt
contribute more to support and main
tenence of these wonderful business
concerns that add so much to the
standing and rating of the race.
1t is almost impossible to expect
recognition in business and financial
circles when the race has no institu-
tion through which their earnings
can be passed that will give a rating.
1t is a noticeable fact that the only
race of people in the world that does
not take pride in helping to advance
members of their race, is found chief
ly among the Negroes of the United
States This remark has been made
time and again by some of the best
platform orators and public lecturers
before the people A significant re-
mark along this line was made recently
during Mr.. Charles Stewards lecture
to the men of Nashville.
The record made by the One Cent
Savings Bank of this city thoroughly
there is no medium through which
demonstrates what the people might
do through cooperative efforts. But
one can look to find the doings of
Negroes in the banking world. If
they should turn to the National Bank
Register and are familiar with the
name of the bank and officers, they
would not know a Negro institution
from that of a white institution if
they asked prominent members of the
race about banking concerns, they get
but little information; if they turned
to the eighth bulletin Of the United
States Census Bureau Negroes in the
United States) they will not be able
to get all the information because
many of the banks were organized
and opened since this book was pub
lished. There ought to be a medium
through which the reports (quar
terly, semi-annual and annual)
could be made. Realizing this
. necessity, and trying to cope with
the demand of the people and es
: pecially its readers, the Nashville
, Globe has fully decided to pay strict
attention to banks and banking in
stitutions in the race. Arrangements
are now being perfected by which thu
reports of all of these concerns will
l. be published from time to time in tn,
Il Globe
{. The first two to share this distinc
o tion for 1908 are the One Cent Saving
! Bank of this city and the Penny Say
II ings Bank Of Columbus, Miss In 9th
= er words, the movement il successful
> " carried out will make the Nashvill
j Globe a medium through which tn
~ most reliable information concernin
u Negro banks can be procured Their
O. will he a standing bank directory i
4 its columns, giving the names, location
o. officers and amount of caDital stock c
If each institution, so that Negroes ha7
n ing business from one town to sl
n other might send il directly thrOug
10 one of these banks. There are hun
,e drcde of thousands of dollars chanj
ri inc hands in the race that could /
Is rrtfitably conveniently and advar
% ta1eously passed through their Ow
banks. But the question that alway
arises is, rs there a Negro bank
IF such and such a city," In case the'
is one, the name of such an instit
ton is not known, because it does NJ
advertise out of its immediate vici
he ity. And with a few exceptions I
effort is made to control collection
of any kind
A recent letter sent out by the trea
IA urer of the Globe Publishing Coz
pany, who has decided to make this
feature in the paper, develops Il
fact that but few in the race know Il
exact name and location of these
stitutions and that the meeting call
by DR.. w. r. PettifOrd early in FL
81 ruary at Memphis, Tenn, will be y
.16 marily to further the cJ-operati
.Oo with such institutions among the
90 selves,
"a -~--
so AN INVITATION TO ALL CIT