The bystander. [volume] (Des Moines, Iowa) 1916-1922, 1920-06-18

pAcE SHOWS BUSINESS PROGRESS
n.ha National Negro Business League
complies Brief News Items Show
Progress of the Race.
puilding and Loan Associations Estab-
lished-Banks in Healthy Condition
Havana, Cuba, to Have Race
G Bank. rH
Washington, ID. C.--Business develop
o,t among Negroes over the entire
no,ntrv is taking on more progressive
osnect every day. Almost daily, re-
aorts aer coming in from the various local
iaoones fell Of some new enterprise be-
s 80 launched, and these enterprises are
.s,nv fields as well as in the old estab-
i;shed lines. New, and better methods
nna being installed and the watch-word
a,,ono the trade is e." Ultra efficiency
THE Wage Farmers bank of Savannah,
20 purchases an entire block of build
mos at the southwest corner of One
Inndred Thirty-ffth street and Seventh
arnnue. New York, a general improve
ment in the property being contemplat-
Cd The purchase price was near quar-
Ter of a million. v. . VS.. ...
Tho division of Negro economics of
.be dcpartment of labor, DR.. George E.
HAYNES, director, reports continued re-
suIts in the organization of building
and loan associations throughout the
state of Ohio, and an extension OF this
effort to Tidewater, Virginia.
Tte Commercial Bank & Trust Co.,
. Richmond, Va, is being promoted under
Capitalization of 100000; surplus
$1o5 900: T. G. Erwin, president.
Mr.. John w. Lewis, president of the
Industrial Savings bank Of Washington,
D c., is heading up the National
Mntnal Improvement association, the
obiect of which will be, among other
tb;nos. the financing of worthy busi-
ness proiects that are needed.
The Federal Building and Loan asso-
c;ation of Washington, D. G., is capl-
4 ta]ized at 100000, with j. Edward Rat
tlev, president.
The Universal Development and Loan
oor,nonv. 5O2 T street Washington, ID.
q Charles E. Lane, Sr. president, is do
inc \ general zeal estate and loan busl-
ness under capital of 100000, Or
ganized in January.
The Monumental Pictures corpora
tion. J Williams Clifford, president, is
centralized at half a million and pro
noses to produce super-feature motion
njctures to bring about more thorough
understanding and appreciation OF Ne
zorro life in America. The corporation
e now nlacing it's stock on the market
from ifs headuuarters in Washington.
Information from Mr.. Bert M. Rod
DIV cashier of the Solvent Savings bank
and Trust Co., Memphis, Tenn, shows
t,,at the cooperative stores OF that
3 c;+v with fourteen stores in total, oper-
ates on. a $4,000 paid in capital doing
., AVERAGE monthly business @of. $50 ,ouu
Interest is also being shown in the
nrobable establishment of a Negro bank
in Hava1a,s Cuba. Definite. information
on this is at present, however, vague.
The Progressive Business association
Of Philadelphia, the local league OF that
citv, reports through its secretary. Mrs.
( Sommervil1e Fauntleroy, that things
are eetting under way for the enter
tainment of the national league IN that
citv in August, which meeting promises
to be the most important yet held.
The Norfolk Negro Business lea que
) Oike Chicago) has now regular estao
lished headquarters with paid secre
tary in charge.
Atlanta Ga, has recently revived ana
rechartered 200 Auburn avenue. with >.
c. Moss, president, and eNPects y "
laruch an immediate campaign for de-
vcia7mert, DIR. Fl. Roger Williams fur
nished the "pep'' that got it over.
The National Negro Business league
is now cooperating with the treasury
dcnartmcnt through Mr.. William Math-
er Lewis director of the savbings dlvl-
sion of the war loan organization, IN
"thrift drive.'
. AS far west as Los Angeles and from
the Mexican to the Canadian border the
b influence of the National Negro Eusi
ness league is felt and expressed III
tangible way. The Progressive league
of Los Angeles staged big reVlVa
meeting. and Mr.. P. s. Abbott went al
the way from Chicago to speak on inc
business outlook. The New Age reports
that "Open a Bank-awakc to you'
opportunities was the keynote OF Ms
address.
The National Negro Business
league will appreciate authentic 1h10,-
nation regarding new ventures. d, nI
sure that your corporation is listed WIFI
the league. VIZ
During the week of April 26 the we
tor Investment comranv, oscar H.
Hayes, president, collected Dtslhe,'
fair in the gym room Of the Y. M. =. "a;
bnildino at which twenty-three local
business concerns were represented ny
booths and general acquaintance
r,ccting held every night. Each nlght
brought some special featured program,
the most outstanding being business
night, held Tuesday. Addresses were tI
delivered bv, Mr.. John W. Lewis Of the
Industrial Savings bank, Mr.. J. F1nlev
Wilson, editor of the Washington ha?le,
and Mr.. William Stevenson, executive
secretary Y. M. G. A.