The Dallas express. [volume] (Dallas, Tex.) 1893-1970, 1921-07-09
ADDING CONFIDENCE TO DOLLARS.

Every day adding the list of instances which the
contention that the lack of financial of the Negro is
due not to his lack of available finance but to his lack of conf
dence in his fellows
Big businesses among only because cannot
trust ourselves combine funds for the development which
we sorely need
An officer of Tulsa bank stated last week that the Negroes
100000 There banks in Tulsa conservative estimate
ready cash deposit the credit of the 10000 Negroes
of Tulsa places that amount at $2,5OOOOO
is true that the established Negro business of Tulsa was
far advance of that of many other cities with population
But too universally that lack of confidence in each
that financial development much to be desired.
million dollars efficiently handled may be instrumental in
increasing the we'll being Of many individuals It's withdrawal
would felt in the largest of institutions and doubt not that
the bank Tulsa from which that amount drawn
There interesting facts be drawn from cOntempla
ton of such and should be borne in mind that the pos
of million dollars bank deposits by Negroes is not
nfrequent in cities of medium sized population
Interest at per cent per year on million dollars $40
00O cent the usual rate of interest paid savings deposit
tors by banking institutions.
The of interest charged by these institutions 10 per
Ten per cent of $1OooOoO 100000 which repre-
the yearly earnings from the amount deposited by Negroes
in one institution alone the profit to the bank after paying de-
strange that people do not more fully appreciate the
fact that the of increasing their well being already
theirs that it only for them to turn their helped by
greater confidence in each other in this direction and prosper
more greatly.
and furnish first rate business establishment of sort de-
bank with capital stock of 100000 which under efficient man.
could handle the funds thus deposited and place its stock
holders position to draw for themselves what others earn
by of their failure fully the power for their
advancement which they already hold
The only thing the turning of dreams of big
business furnishing employment to and daughters in
training is the exercise of confidence enough fellows to
form the necessary combinations of our finances.
So long fail to facilities efficiently
plants make udcrou We to be ped Those who claim
have such vision would have the world believe that
have do differently They add confidence to their dollars and
enjoy financial advantage which is not yet
And doubt not that if begin in fuller measure
realize and the that already the discrepancies
in lines which impossible of removal will because
of changed condition. be found possible complete adj
justment
Let add confidence to dollars
To think of thousand things not worth much
think of and really do
They call these Reconstruction days but sometimes feel
that the work of destruction has not yet ceased
Salvation may be gracious gift but the things of this
world cost money, time and sacrifice.
God made physques but He placed limit ab-
ity to develop our minds and powers.
Beware the brother who shouts Sunday and lodges his
creditors the rest Of the week
If knocks boosts would be "immortals"