The Tulsa star. [volume] (Tulsa, Okla.) 1913-1921, 1920-05-22
NATIONAL NEGRO BUSINESS
NOTES OF MUCH INTEREST
Furnished by the Secretary of the
National Negro Business League
News Notes of Racial
Progress.

trict Of ColumbiaD
business development among Ne
groeS over the entire country is tax
lng on a more progressive aspect
every day Almost daily, reports
coming in from various local leagues
tel OF some new enterprise being
launched, and these enterprises are
in ECw fields as well as in the old
established lines. New and be,lrr
methods are being installed and the
watchword among the trade is "Ul.
tra-eiliCiency."
The Wage Farmers Bank of 81
VaEnah, Ga. purchases an entire
block of buildings at the southwest
corner of 135th and Seventh avenue.
New York, general improvement
in the property being contemplated.
HE purchase price was near a quar-
ter of million.
The Division of Negro Econom-
Ice of the department of labor, Dr.
George +. Haynes director, reports
continued results in the organiZa-
tion of building and loan asSocia-
tions throughout the state of Ohio,
and an extension of this effort to
Tidewater, Va
The Commercial Bank and Trust
company, Richmond, Va. is being
promoted under capitalization of
500 OOO, surplus, $4,000, T. c.
Erwin, president.
Mr.. John w. Lewis, president Of
the Industrial Savings Bank of the
city of Washington, ID. c., is head
ing up the National Mutual Inl-
provement association the object Of
which will be among other things,
the financing of worthy buSineS.
projects that are needed.
The Federal Building and Loan
Association of Washington, ID. C.,
is capitalized at 100000 with Mr..
J. Edward Rattley president.
The Universal Publishing conf
pany, 5O2 I street, Washington. ID.
C., Charles +. Lane, ST., president,
Is doing a general real estate and
loan business under capital of
100000 organized in January.
The Monumental Pictures Sor-
poration, J. Williams Clifford, pres
ident, is capitalized at half mil
lion and proposes to produce super
feature motion pictures to bring
about a more thorough understand
ing and appreciation of Negro life
in America. The corporation is now
placing its stock on the market from
its headquarters in Washington.
| Information from Mr.. Bert NJ
Roddy, cashier of the Solvent Sav
ingc Bank and Trust company, Mem
phis, Tenn, shows that the cooper
atiye stores of that city, with four
teen stores in total, operates on a
$4,000 paid in capital, doing an
average monthly business of $780,
000.
Interest is also being shown in
the probable establishment of Ne.
gro bank in HavanNa, Cuba. Def
nilc information on this is at pres
ent. however, vague.
The Progressive Business ASSocia-
ton of Philadelphia, the local
league of that city, reports through
its secretary, Mrs. Somerville Faun-
tlCroy, that things are getting under
way for the entertainment of The
National League in that city in Au-
gust. which meeting promises to be
the most important yet held.
The Norfolk Negro Business
League, like Chicago, has now a
regular established headquarters
with a paid secretary in charge.
Atlanta, Ga, has recently revived
and recharteped, 200 Auburn avenue.
with j. C.. Moss, president, and eX-
poets to launch an immediate cam
paign for development. DR.. II. Rog-
er Williams furnished the pep"
that got it over.
The National Negro Business
League is now cooperating with ihe
treasury department through Mr..
William Hather Lewis, director Of
tho savings division of the war loan
organization, in a thrift drive.
A. far west as Los Angeles and
from the Mexican to the Canadian
border the influence of the National
Negro Buiness League is felt and
| expressed III tangible way. The
progressive League of Los Angeles
staged a big revival meeting and
MI. II S. Abbott went all the way
from Chicago to speak on the busi-
mes, outlook. The New Age re-
porls that open a bank-awake to
you opportunities" was the key
note of his address.
The National Negro Business
League will appreciate authentic in
formation regarding new venture;
BE sure that your corporation is list
ed with the League.
During the week of April 26th the
Victory Investment company, Oscar
L. Hayes, president, conducted a
business fair in the gym roof of the
NJ 4 buildinp al which % l.,