The Dallas express. [volume] (Dallas, Tex.) 1893-1970, 1922-12-02
BIG CORPORATION PAYS
QUARTERLY DIVIDEND OF
5 PER CENT.

Washington, D. c., Nov. 3d.
The Allied Industrial Finance Cor
poration has just sent out a divi-
dend check covering the first quar-
terly dividend of 8 per cent to the
paid up holders of its preferred
stock. The corporation has made re-
markable progress during the past
few months in which it has been
actively engaged in business.
Having been organized in De-
cember. 1920, with DIR. Emmett j.
Scott, of washington, D. c., as pres
ident, and with Mr.. John r. Haw-
kins, DR.. A. NJ Curtis, Mr.. White
field Mckinley and Mr.. Norman l..
McGhee, as fellow officers and di-
rectors, over One Hundred Thous-
and ($100,000l Dollars worth of the
Allied Industrial Finance Corpora
tions stock was subscribed by July
/, 1922, at which time 1t start
started actively on its program to
supply financial assistance to Color
ed business men and women, and
groups of Colored men and women,
in the extension of business. the
building of homes and other worthy
objects,
Other prominent men who are on
the Board of Directors of the Allied
Industrial Finance Corporation are
DIR. M. o. Dumas, Mr.. F. Morris
Murray, DR.. A. B. Jackson, d. c.,
Mr.. S. w. Green, of New Orleans,
La, Dr. George E. Cannon of Jersey
City, N. j.; DIR. r. M. Fowler, of
Atlantic City N. j.; DR.. ]. B.
Stubs, and DIR. S. G. Ebert, of
Wilmington, Delaware; Mr.. E. G.
Brown, of Philadelphia, Penn; Mr..
]. l.. Jones of Cincinnati Ohio; Mr..
T. H. Kiah, of Princess Anne, Mary
land. The counsel for the Corpora
ton is Attorney James A. Cobb, of
Washington, d. C.
The Allied Industrial Finance
Corporation is nationwide in scope.
TT expects to add to its already
strong Management the leading men
of the racen in the various states.
Already the Corporation has operat-
ed with satisfactory results in Del
aware, Maryland, New York, Penn
sylvania, New Jersey and the Dis
trict of Columbia. In ministering to
the needs of the Colored business
men and women and the enterprises
undertaken by them in these states,
it is not only making money for
it's subscribers but is rendering a
needed service to the race.
In referring to the recent dividend
declared on the Preferred stock of
the Corporation, DR.. Scott, the Pres
ident, said: Now that the Allied In
dustrial Finance Corporation has
reached the point where it is pay
ing its first quarterly dividend, its
success appears to be assured. The
only thing we have to worry about
is what the measure of that success
shall be. Shall II be just an ordi-
nary success, or will Negro men
and women rise to their opportunity
and make the Allied Industrial
Finance Corporation measure UP to
any one of the hundreds of great en-
terprises of similar nature operated
by white men?
Continuing DR.. Scott said: "The
one great essential to big business
is joint effort. Outstanding men and
women must work together, one
here another there; one man In
one line, another man in another
line. but all heading towards the
same object, viz:-the bringing to-
gether in this allied enterprise of
great numbers of on rpeople who
will buy the stock Of the Corpora
ton according to their means. The
members of the race have plenty of
money TO help the business of the
race thousand fold but most of
this money goes to help business
outside of our race. The machinery
of this thoroughly organized enter
prise has been set in motion and
is gaining momentum every day to
do The big things we have all been
talking about"
The Allied Industrial Finance Cor
poration plans 10 be the largest
and stronges Colored financial in
stitution in America. In promoting
it's program in the various states in
which it has catered number of
conferences have been held in sec
lions of these states, al which con-