The advocate. [volume] (Charleston, W. Va.) 1901-1913, 1909-02-11
cHAFdEsoN WEST THURSDAY FEBRUApY H. 1000
4. .||pIl||lO| ]. : : s
OF THE RACE VERY PLATTER
Loan and Trust Companies, Building
and Loan Associations, Banks
~ and: Mercantile Establish ,,E.2'
r. =, :! Inents Report Progress. x :

| 49, '''3 AnShCS 1ASpOEI fTO&rHSS. 49, 81
as Reported by the National Negro
Business League. r. .lS1H
The stockholders Of the Pensacola
ella, Loan and Trust Company held
their first meeting January 18th, and
IN accordance with the terms of their,
| charter elected their officers. The
| following were elected for 1909: A.
NJ, Johnson, president; -. J. Guns
bingham, cashier, l.. H. Speads,
seeretary and manager; and three
directors The capital stock Of the,
company ~ Is 10000; the shares ara
ttalg hold & =. = > > II =,
ttg and Loan Association
As ized In Sal isbury, N, e. );
Sh}llll pds week In January. >, This.
thtstn eSs skAofts is another one. OF the;
i2AaaB seAees OF the influence zoe:
me ne Business League whenT
aaaar and hereeYerR II, Is duly organ
lied and properly managed This
kes Che thirteenth association Of
the Rind iat North CaroI1a: E 8 IS. -
s H., IS. Abbott, a practical. news
paper man, founder, and editor OF The
Chicago Defender, iS the pfesident
OF a. blishtng company, 0rganaEed'
TOR the pIrpose, Of furnishing Negro
newspapers ready prints with car
tssGs afong racial lines. they win
BE ready for business ON and after
February 18TH The corporate name
is the: LefsnAaps RupIislkSng Com
spany;; capitaI5 $780, o80 ~; III = !,
! The busihaag men of Durham ;,
NC. came together in a banquet on:
the evening or December 81, i SOS ito
take asEetfospect, and make yay hoSo4
scope tof$3 the financial, moral ana
physical, s!coDditions or the. Negro TN
chat ely John W O'DanieE was:
astsrs Of ceremonies "a few OF the
tOast TSsponded to were, =: The Prog
gress Of I,urha am ;Ente1prisesr during
1887 sbYs Bf r itzger ld3anAss5ara-
eFs ~: heSEIigh SNaralkt OF thee Ne.
sgros cause AN d. Ramad $, 81 DFs CSiz Fl
fsssfdepard; = Our Church, the .CuaH-
fcati OF The sA4irsasRry ;aasssjF . J..fa:.
9shspar ID ~ Our Schools ,Sthefr Misssen,
for the Uplift OF Humanity Prof p
W:eDawkins; What Can Be done ito
save-the Boys from the ,Chaingapg.'a
NV. F. Young. THE, Future Gu tloook
Of Durham Enterprtses,"tt:G. w.
POWELL. ~. - 80. .-.,..t,. -;
At the: annual meeting Of the
stockholders of the Mechanics Saw
ings Bank; Richmond, Virginia, held.
January S, 1909, it was shown that
the total amount of deposits for the
year 1908 was $466, 1880 The :ag-
gregate amount for the six years Of
it's existence is $2,222,173.18. The
directors declared an annual '4divi-
depd Of ten per cent, now payable,
and recommended an increase of
capital stock to 100000, They also
recommended that a three-story
banking house be erected in the near
future, and preparations of the plans
for the same will ebgin at once. The
president of-theE bank is John Mitch
.ellat ir., editor of the Richmond
Planet: ,r,,'...s :, -: ''''E go .,..'s.<> u
The Sunnower Agricultural <Asso-
ctati@h of Kansas held its ninth AMI
7Rual meeting in Kansas City the
second week in January. There were
over r. forty farmers present, repre-
senting more than six thousand acres
of land and thousands of dollars in
| stock, grain and implements. The
| association is growing yearly; and
what is interesting to note is that
the young men Of the state are pay
ing more attention to agricultural
pursuits. There were, more at this
o.,f{ no ~{k
sion. The association has purchased
one hundred and sixty acres of land
| near Kansas City, to be divided into
ten-acre tracts. for truckers and
those who wish to live in the
country. Mr.. G. A. Groves, Of Ed
vaudeville, Is the president Of the
| association .'s..'
According to an announcement. in
The Atlanta Constitution Of January
28th, the first old line life insurance
ompany to be financed and, operated
by Negroes was granted charter
January 28th, by the secretary Of
state Of Georgia. Among some of
the fncoporators are J. o. Ross,
| David T. Howard, H. A. Rucker, Col
lector Of Internal Revenue, Atlanta;
! M. b. Morton, Of Athens, and g. num-
| Der Of others. The organization\h has
grown out of the discrimination as
operated against Negroes taking out
policies in the old line white insur-
ance companies. The company must
deposit 100000 Gas it is capitalized
at 100000 with the state treasurer
for the protection of its policy hold
erS, as required in all cases of i1sur-
ance companies chartered by the
state. The aggregate wealth Of the
incorporation Is estimated by the At
lanta Constitution at 100000.