The Dallas express. [volume] (Dallas, Tex.) 1893-1970, 1921-11-19
MUCH WEALTH REPRE-
SENTED AT BANKERS BAN
QUIET.
(By A. N. P.)

Philadelphia, Pa, Nov. 17-Last Fri
day evening Messrs. Brown and Ste
vens. local bankers gave a banquet
at the fashionable Hotel Dale to n
group of Philadelphia. business and
professional men each Of whom ia a
stockholder in the newly organized
Bank and Trust Company which will
soon open its doors in this city at the
corner of Broad and Lombard streets
Mr. Brown and his partner, the
Hon Andrew f. Stevens, decided to
put on a drive among those stock
holders of the Trust Company. who
nave purchased a thousand dollars or
more of the new corporation's stock
They invited these f0rSons to din
her ana conference for the purpose of
getting their assistance and co-oper-
atloh in putting on a larger banuuat
TO which will be invited the entire
number of stockholders of the Trust
company and all the depositors of fbe
banking house of Brown and Stevens
me writer took an inventory of the
noIalngs OF the twenty two persons
Il # e9e6a fodav at TINS banquet and totaled
Ilgures to be as follows: there was
represented at this banouet Roar5
HiA hundred and fifty thousand dol
lars, all men of color and each one
city. BUSINESS NE OF the
There were speeches too, by men Of
business. which were as unusual as
was the capital represented, surprising,
One O gentleman said; Our race is ex-
pecting its financiers to lead and
we look to this new Bank and Trust
company and expect it to become the
greoteast factor in racial, financial
development that we have produced
combined iI In this Trust Company, we
VIII have both capital and fine bust
ness efficiency men trained in bank
ing and business DEVELOPMENT. free
10 act and serve the weaker units of
our group as never before.
your correspondent noted that each
OF these men appeared upon the Plat
Iorm as gentleman makes his en-
trance into a drawing ROOM not as
a teacher leaps into the bull ring,
and each had something sensible to
The Hon, Mr.. Stevens said in part
AS we contemplate the causes for
so rev business men of really big
business within our race, every right
thinking man and woman must feel
like demanding that some steps be
taken to open up avenues of financial
backing for those who are capable
among us. More than four hundred
years ago Columbus discovered this
New World. the Land of olden oppor-
tunity. Fifty years later our forbears
came too, in bondage it is true, but
we their children have a new and
improved status and 1t is up 10 us
to make the best of the chances
which are ours today"
The entire world comes to Ameri-
ca for food and manufactured arti-
cles of every kind and variety and
we must next turn our attention to
world distribution but we must become
manufacturers in our own right, be-
fore we do this. The trust company
which we are promoting can be made
to lead the way in this new departure
and | feel strongly persuaded that
it will achieve this objective"
Mr.. II c. Brown said in part: "As
most OF you know my business ca
in the ridewater section of Virginia
in the yty of Norfolk, l went across
historic Hampton to Newport News
and organized bank there; both the
Norfolk and Newport News bank are
a success and have grown to great
proportions, and both are rendering
u very service to the upbuilding of
the race. believe l have a right to
be proud of both performances there
and the bank which we own in this
city. But | am not through, we must
have a larger and stronger banking
business than any we have yet under
taken"
Experience teaches me, that our
race is becoming more and more a
thrifty people and in Philadelphia we
have that sort of Colored men and
women who support race enterprise
with great loyalty than any other
in this country.
Notwithstanding the widespread un-
and the general business
upheaveal, you will be astonished
when / tell you, that the Colred cli-
entele of the Savings Department in
our Bank has drawn a very great
deal less money than those of other
race groups, and what is true of our
bank is equally true with the insti-
tutions conducted by bankers of the
white race in this city. For the last
four weeks, we have experienced a
genuine revival of business in both
the Savings and the Commercial de-
partments of our institutions, both
here and in Virginia"
Those present We're: Mr.. Chiches-
ter, John Trower, G. Edward Dicker-
son, DR.. T. L. Powell, Frederick Mas
siah, Mr.. Vaughn, Dr.. !. M. Lawrence,
DR.. J. II. Barnes. Melvin ]. Chisum,
Or. c. L. Allen, w. H. Casselle. J. r.
Duncan, DIR. ]. w. Roberts, MI. Hagan,
DR.. Il. w. Henry, Theodore Richard
son. James H. Irving, Dr.. J. s. Len
non, Mr.. Griffin. Thomas Moles, Harry
n washington, Uncle All Jones,
of the Roadside Hotel; Beresford
Gale, DR.. c. f. Antoine and r. A.
Chamberlain, real estate officer OF
Brown and Stevents Bank.