The Dallas express. [volume] (Dallas, Tex.) 1893-1970, 1922-09-30
WEST AFRICA HAS NAM
MOTH BUSINESS CONCERN.

Secondee, Gold Coast, w. Africa.
Sept. Robustness is looking up in
this section of the world. The proof
of this is to be found in the con-
stantiy increasing business activities
OF the African Union Company
These activities, a m o fever
ishly commanding in their demands,
have come to the light since the re-
turn to the Coast of the titular head
Of the Company, Charles w. Chappelle
from the United States last July. His
report of the reception he had receiv-
ed in American was so filled with
encouragement that it gave new
the people here. This is fully reflected
in the fact that the 100000 stock has
all been subscribed for and paid in.
Recently the company has authorized
a Bond Issue for $250,000. the money
rerived from this source to be used
in the purchase of building supplies,
a saw milP machinery. equipment for
pense for a staff of skilled workmen
and working capital. The bonds
are in issue of 100000, $4,000 and
100000 each. At the end of five
years these bonds are convertible into
stock OF Company at par value.
Agents "a America are now conduc-
ting a successful campaign disposing
of the bonds among the element of
Colored people who have a lively in
terest in the matter of getting closer
TO the nlBnly productive anu pTOllldple
market of the Gold Coast section OF
Africa.
The outlook il particularly bright
here because of the 80 year lease of
the potentially richest country in the
whole continent Of Africa, Mahogany.
palm oil, cocoanut, rubber, cocoa trees
oil. cocoanut, rubber cocoa trees
abount here in great abundance. Ad-
ded to this the wealth of which can
noe be measured in values at this
time because of their extent ind the
present lack of adequate machine
equipment. As it is the resources OF
the Company can be safely placed at
millions of dollars in availably actual
wealth.
Recent discoveries OF silver. tin. and
asphalt deposits in this, territory
comprising the land holdings of this
the potential wealth of the Company.
Thus from a small beginning--prac-
tically only the dream of young
Negro architect and engineer-Charles
G. Chappelle has made connections
with the u. S. Steel Corporation to
the extent of contract for 100, 90
tons of Manganese year for. use in
their exit nsive plants. $8,000,0O0
worth of the finest grades of Ma
hogany are now awaiting shipment to
the United States and Europe. In fact'
the volume of prospective business is
so large that IT win be necessary for
the two steamship companies now
plying ships between this country
and foreign ports to add to their pres
ent carrying power just as quickly
as Is practicable.
The d. esident Of the Africa Union
Company Is Charles w, Chappelle.
archietect and engineer formerly of
Pittsburgh. u. S. A.; DR.. Henry Allen
Boyd of Nashville, Tenn, U. S. A;
is first vice-president; Major r. r.
A..
second vice president; Joseph l.. Jones.
Cincinnati, Ohio, is Secretaty and
Treasurer and Dir. Emmett j. Scott,
Howard University. Washington, d. c.,
is chairman Of the Board of Directors.
The people in the United States de-
string to get d fuller knowledge of
the operations and the standing of the
company can do so by communicating
with John T.. Banks, 200 Broadway,
New York City N, ". U. S. A.