Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1922-06-10
AMERICANS SAIL FOR WEST
AFRICA.
(Preston News Service.)

(Preston News Service.)
New York, June 2.-Chas. w. Chap
pelle. president Of African Union com
pany Gold Coast West Africa, sailed
Saturday, May 18th OH the Baltic for
/ the Gold Coast with nine associates to
continue operations Of the extensive
holdings Of this company in the rich
Gold Coast.
! Mr.. Chappelle. q native of Pitts
burgh, Pa, made his first trip to Gold
Coast in 1912 and spent four months
in Africa during which time he saw
wonderful business possibilities for tho
| American Negro. He returned to this
! country and organized q company VITA
such prominent American Negroes rs:
Mr.. Pettiford, president Of tire Penny
Savings Bank Of Birmingham, Ala;
DR.. Emmett j. Scott, Secretary Treas.
urer, Howard University; Joseph l..
Jones, founder Of Central Rcgalia Com
,pany, Cincinnati, Ohio; Major II. II
Jackson, member Of Illinois State
Legislature. Chicago, ILL.,; Mrs. Blunt,
Cincinnati, Ohio; George M. Robb, bust
nessman Of Pittsburgh, Pa; and DR..
Henry Allen Boyd. Of thc Baptist Pub.
fishing Board, Nashville, Tenn. Mr..
| Chappelle returned to Africa in 1913
and began shipping mohogany and in
seven months the company had done
over $4,000 worth of business. He re
turned to this country in Decomber
1913 to secure sufficient capital and Or
ganiZe, and incorporate this company
under the laws of the State of New
York.
After returning to Africa in 1914
, the war soon broke out and made i'm
possible the development of export bus
mess during the war. In the meantime
he began to strengthen the resources
OF the company throughout tho Gold
: Coast. The company is now capitalizeh
| at 100000 and has resources in Afri.
ca variously estimated from three to
, ten million dollars.
Mr.. ChaDpolle was compelled to re.
main in that country for nearly three
years during this trip because of Tire
business depression which made It diff
cult for him to secure sufficient final
! ccs with which to develop the COM
pany's operations in Africa.
J with the party sailing for Africa are
MI. Hicks and wife, graduates of Tus-
kegec Institute. going as machinist 10
work in the shops Of the company:
! william Curtis. wife and baby. of Sew
| ickley, Pa. Mr.. Curtis is All electri-
clan and accountant. He was a licutc1
ant in the late war. Willis Adams ami
Thomas Colo, well-known builders aud
cabinet makers of Pittsburgh. PA.
Thcy will ply their trade for the com
pany. They will have charge of some
! very extensive building as the com
panY plans to build number Of factor
les 10 house the various industrial cG
terprlseS being carried OH by 1t as well
rs bulld homes for tho wOrkmen, mod
cied after the American building plans
; Already $4,000 OF building contracts
are TO be completed within the next is
; months.
| TWO white men ACCOMPANIED tho
J party. Mr.. Fox, who resigned his posi.
| ton rs head of the Wholesale dcDnrt
ment of foreign imports with tho Mont
gomery Ward and Company in Chicago
and joined the African Union ComDonv
to become its American purchasing
; agent. He is going to Africa to study
me neeos OIL the company ut that end
Mr. d. w. Crow, also OF Chicago, Is nc
conpanylng the party to go over the
| AS'oui Seo VI TIRE company and put the
whole proposition in the form of a
prospectus.
A meeting Of the Board Of Directors
or the African Union Company was
held few weeks ago in the Fl.
FLICK Building In Pittsburgh, Pa, nj
which bond issue was ordered for
$25O.000. These bonds are in the demon
nation s of $500 and 81 900 each. They
are per cent, five year, convertible
coupons and are in the hands of DR.. ].
e. Banks member Of the Society Of Civ
II Engineers Of America, SIS Wylia
Avenue, Pittsburgh. It Is said that of
Gals Of several Negro banks through
out the country are considering taking
over a block of these bonds.