davidaulloa/AmericanStories huggingface dataset:
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
ENORMOUS CROWD
CONTINUED from First Page)

the colored people upon the map. He
mas done great deal for his people
l nave not always agreed with John
Mitchell and for that matter | don't
sometimes agree with myself. John
Mitchell is known Internationally. ]
remember my i.thcr (Judge A. NJ
Kelley, later one of the Judges of the
international Court at Cairo, Egypt
coming home one day and he said: L
have heard great speech by young
colored man. He is named John
Mitchell. | was much impressed with
WHAT he said ard the comment he
made urOn J"hu Mitchell.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
THE FINAL CONCLUSION

He also stated that 81 he were a
depoStor in the Mechanics SAVINGS
Bsnk. he would not hesitate to sign
the petition Petitions can be
signed at the Planet Office, 311 N.
attn Street. 4th Street. between Broad
aud Marshall Streets and at DR.. AL
bert A. Tenants office. 316 r. Clay
Street. 4th and Clay Streets Persons
who cannot come to- the Offices can
telephone Randolph 2213 and blanks
wiz be sent for signatures. also de-
post RS can s1gn at Mr. Leonard n
Cenhas place. 807 N. 2nd Street
Prompt action Us necessary. If the
depositors fail to take advantage of
this opp Ttunty do not blame the
receivers. let them blame themselves
Many have been already to the P1anet
once to sign and many more are
coming.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
A PLAIN PROPOSITION.

The receivers report the net esti
mated loss at $685. 13.25. The differ
ence Is between a live institution ant
a dead one; I; scare-crow and a monu
ment to the colored people OF this com
munity. The building, it's there and
there 1t must remain for visitors and
our own people to gaze upon. The re
ceivers reported that the auditors had
thrown out assets Of the bank to the
amount of $751;. 100000. With a live in
stitution. risk the statement tina;
half Of this amount could be saved
could be collected for the benefit II
the depositors. AS dead institution
people will not pay what they owe.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

Mitchell was not there have
country about John Mitchell and that
bank. They all TIL INK well Of Mitch
ell and his efforts to promote thrift
among the colored people and the
establishment Of bank for colored
people. 1t Is up to you to say whether
ii shall be scare-crow or a monu-
ment. II You don't sign that waiver.
You will be fool; you WILL be giving
up an opportunity to do one OF the
greatest things to help your own
people.
A MATHEMATICAL CONCLUSION.
There was a ripple of applause as
the speaker resumed his seat. Mr..
Lecky had shown that $4,000 was
available as against the net estimated
loss of $203,000. This did not in
clude the amount that might be
saved by live institution checking
behind the pass-books OF those ac-
counts. 1t did not include the bond
OF 100000 put up by John Mitchell,
Jr. which would make the total
$4,000 as live institution and
eventually enable each depositor to
get dollar for dollar.
1t made Ut reasonably certain that
the so per cent. waiver would, only
be temporary and with the vacating
OF the receivership and the bank re-
opening. In the last equation each
and every depos.tor would get every
penny they had agreed to Sign away
COL. KELLEY SPEAKS AGAIN.
The truly remarkable analytical adj
dress of Mr.. Lecky had deeply af-
fected Col. c.. r. Kelley. He was
one to sign the petition and as a way
of illustration. he related a story.
He said he thought about conditions
in M,sssSs' ppi many years ago, when
Yankee drummer had been down
there during the bad season and took
no orders. Finally he left the sec
ton in disgust and boarded Missis-
sippi steamboat. AS he was sailing
up the river, he saw snme cotton
bales and upon one of them was
perched an ebony hued lad singing
at the top of his voice. The attitude
# tn youth Glgered him and being
IN bad humor he yelled at him as
TO why was he sing rg i'm the midst
of such outrageous conditions.
What are you singing about?"
he cr' ed angrlly.
"Times SO bad, they can't git no
worse. Glory hallelujah.
CHAIRMAN MOSBY'S REMARKS.
THIS brought down the house.
Col. Kelley then again urged every
one to remember that they would
better matters by signing. The de-
posters could not make conditions
any worse by 50 doing. Chairman
Mosby then told of col0red preach
er, who had torn up a notice Of in
debtedness received from the receiv-
ers, saying that re would not pay it.
AS gong institution, the money
could be collected.
He referred also tt a statement
made by Mr.. Lecky Yin a previous
address that a concern that was in
the hands OF the receivers had thrown
away paper as worthless. He took it
out of the waste basket and collected
$4,000 of this alleged worthless
paper within II months.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
LIFE OF PRES. HARDING.

send name and address for 800
page book, Life of Pres dent Harding.
BOOK will he stnt c. o. D.. price S1.75.
GRANT GREENFIELD,
3O7-11th Street, N. E..
Washington, ID. G..
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

Many of those, who have Wifi d
and slandered us will be inside of the
earth long before We have reached even
7ne of our feet down into tie grave.
Still, we entertain no bitterness to-
wards our fellow man. We leave the
whole matter to a good God
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
OTHER LOSSES .

The auditors report loss on real
estate loans of $4,000. have reas;
on to believe that this loss could be
largely wiped out as live institu.
ton Still, the appraiser reports the
value of the realestate as being ST..
100. 90 more than the amount carried
on the books of the bank. The stc~r
the Pythian Calanthe Industrial Asso
citation is carried as worthless, when
it represents ownership in the Pythian
castle on which there is no mortgage
we have no means of knowing mt this
time the expense of the receivership.
III the bank was re-opened. the ove~-
draft of 100000 could be corrected.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
NOTE PECULIARITIES.

was talking to Mitchell about the
the affairs of the bank and bankers
have a way of having notes not mean
what they say. They will draw a note
In which the maker will pledge him.
self to pay $4,000 in ninety days. The
banker will tell the customer that he
need not pay this in ninety days. All
he is to do is to come up and pay:25 90
on the note and it VIII he evrenced.
But wVen the receiver takes charge o.,
the bank. he insists that the $1,000
he paid a. once. The customer cannot
do it and then the receiver marks the
note worthless or doubtful The audi
tors report loss on loans and dis
counts Of S25 10000 risk my opn.
ION as banker that IT will not be
over SIS 10000 as live institution.
This would be a saving OF S60.0OO.OO.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
ATTORNEY DENNY MOVES.

Then Attorney William F. Denny
arose and moved the approval and
adoption of the plan as submitted by
the white Advisory Committee and
the Baptist Ministers Conference
Committee. Chairman Mosby called
upon Editor John Mitchell, Jr. to
read the same. He did so. Upon
the call of the question, several
arose to speak and ask questions
To all of these either Gel Kelley or
Mr.. Lecky replied. One aged depos-
itor ii last concluded with the state
ment that he had made up his mind
before coming to the meeting not to
s On the pet ton, but he had become
convinced and was ready to sign.
The question was put and rising
vste taken. A solid mass of hu
manly arose, both on the main floor
and in the galleries.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

We are met by numbers of people,
who tell about their being unable TO
get inside OF the Fifth Street Baptist
Church last Tuesday night.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

BOOK OF INSPIRATION for every
American. Nearly 800 pages. 80
photograph plates. Cloth binding.
Stamped in gold. Price, $1.75 or
send for circular. JAMES MUIR
RAY. S437 Albertson Avenue,
Philadelphia, Pa.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

No one Will deny that Rev. DR.. w.
y. Johnson is an ideal master OF
ceremonies. Even our white visitors
realize that now.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

Prosperity brought about by dishcn-
est and dishonorable actions will
eventually disappear like frost before
the sun"
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

We have never been fearful after we
have marked out a correct Inc of act
ion. We trust God and press onwarG
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
RESOLUTION OVERWHELMINGLY
ADOPTED.

When Chairman Mosby called for
these opposed, only four, stood up and
there was general satisfaction as the
attendants proceeded to distribute
the petitions and the people signed
them and turned them over to the
clerk. The meeting had made n
pr found suppression. The first move
ment IS to vacate the recd.vership.
and the signing of the petition will
br 'ng this about.
In THIS connection. it may be well
to say that the State Corporation
Commission. that through the Bank
ing Division brought about the clos
ing of the bank, US represented tV
counsel and that this able official has
notified the white advisory committee
that the plan is all Fight and f the
document is signed, ID IRE money will
be saved to the depositors than could
be gotten through a receivership.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

Col. c. r. Kelley knows his bust
ness and he knows colored folks ara
they know him and teh gratifying part
about it is that they trust him.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
THE RE-OPENING PLAN.

DO rot know whether or nol he
ha' followed up his oratOrical ability
along this line. John Mitchell has
done much for his people. His name
has become known internationally.
John MITCHELL had plan for reopen
ing this bank. 1t is known to you. 1t is
known to white and colored. He appl!-
ed 10 me to serve on an Advisory Com.
mittee. 1 consented to do so and ex-
ahmed his plan. I deemed it advis-
able 10 investigate tire matter and t.
examine the plan closely | thoucht
it best to have he matter submitted
to the State Corporation Commission
counsel. l took tie matter up VITA
Mr.. Schumach. and he said THE plan
was feasible and workable.
[ 'st',yts''S''' 'v'7S97;V- '2,ys'--,<V,s |,
TALKED WITH RECEIVERS.
l had persona. talk with the re-
ceivers and it was straight talk With
them. l asked item the pointed ques-
ton. if they could pay fifty cents on
the dollar If they retained charge Of
the Mechanics Saw 'ngs Bank. They re.
piled to my question NO This then
settles the question. You are sure by
this method TO ge. fifty cents on the
dollar. If the receivers retain charge,
you will not get that amount IT MAJ
he much less. Receivers are notorious
ly slow. extending over many years.
do not mean to say that by the plar
which we re recommend you would not
get more tnan fifty cents on the dol
lar. In view of these facts, this Advis-
Dry Committee. which committee re.
ceives no compensation of any kline
what ever and which will not receive
any deemed it advisable to recommend
this plan.
A SOLEMN WARNING.
But should you reopen the bank,
you should mark any man or woman.
who would go there and attempt 10
cripple that bank. shall not give you
any lgures to support these state
ments. ] emphasize it again, you
should mark any Individual wnu
would injure the bank and that indi-
vidual should be branded with th,
mark OF Cain. If you don't prosper |
cant prosper. No man can get very
far on the shoulders of another man.
We are inter-dependent don't want
you to tolerate traitors i'm your ranks.
| nave heard rumors | see in thig
house ton ght. many persons, who
nave come to me for fayors. / am glad
they have come and | want them to
come again. / am looking in the face
OF SOME of them. l want to say that
think that this is the best opportunity
that you will have and thank you for
tbs reception, >"
MFR. LECKY SPEAKS.
The distinguished speaker conCYud-
ed his remarks amidst applause. Dr.
w T. Johnson introduced "the FRIEND
OF the colored people" in the person oil
Hon. James ID. Lecky He received n
rising reception also. He said. Tf FIR,
membe, correctly. the Mechanics Saw
'ngs Bank was organized in 1901 and J
re..'ived the first deDosit in a down
town bank. On Sunday morning ~.
July. q year ago. read a notice Of tn"
closing of the Mechanics Saving.
Bank ard over since I have been
working to bring about the re.oDe,.
ing of tn Mechanics Savings Bank
THAT SPECIFIC DIGEST.
asked John Mitchell % give me =
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

Rev. DR.. T. j. J. Mosby was sick be.
Tore last Tuesday night, but he has
been mighty well man ever since.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

Our patrons, who are paying u
what is due US are rendering lasting
service. We need the money.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

Making money is all .ght, but be
sure you learn how to properly spent
It.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

Tine works many changes ard some
81 these people hereabcuts now know
it,
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

A solid, united purpose will accom-
lish wonders when accompanied by
honest, determined effort.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

LOST-My personal Bank Book, also
book of Bands Of Calanthe. and
Xmas Cards. Please return to or
notify Mrs. Anna Taylor, 120 Wes;
Hill Street.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
A VITAL DIFFERENCE.

want T." impress upon you the
difference between live bank and
dead something. The auditors re-
mort as submitted by the receivers
rlaces the banb'ng house including
the vault. furniture and fixtures at
s5O.OOO.50. AS going iast'tut'on.
" Us worth what II would est to
replace It. but as a dead one not
functionsng. the figures Of the re-
cavers are approximately correct. 7
understand that b" replace the vault
would cost in excess of $4,000. To
replace the furniture and fixture,
would cost I'm excess of $4,000 AMI
according to the assessed value of
the building assessed value being
approNmately so percent. If its
market value) not considering the
real-estate $40 900 for the build NC
end the ground value cOnservativelv
speaking being IN excess If $4,000.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
EDITOR. JOHN MITCHELL. JR.
SATURDAY, SEPTEMBER 80. 1928

People, who I've right will die ~"
same way.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
A QUESTION OF VALUES

This considered as going inst
tuition would make the property
wor'h $50 900 or $50 900 more as a
g'ng institution than it would be
worth as q dead one This is upon
the bass Of the use of this structure
80 q bank and office building. I have
be"1 around the country with the
American Bankers ASS O. alton and
| never attended one that John
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29
WE TRAIN THE HEART AND HAND

In Oh osns School Scholarship Foremost in
: Requirements. - 'S N''e"No'' IN
A Modern Price School a Class Training s.
offered by other schools of price - ~e''
Elocuti extra. ~ e "'0 '"1ei' H'lae-"ak'hs
the year round
Terms
THE INDUSTRIAL UNION
REV. JAS NJ HENDERSON Box7
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

Subscribe to the PLANET; it vii
furnish you with good reading.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

Published Every saturday by John Mitchell. Jr.
at 81 Nc-b Fourth Street. Richmond, Va.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1923-09-29

= -.-.---- 4. 49, - - --@
The Birmingham age-herald., 1923-08-15
WEATHER REPORT
 SENDS COTTON UP AFTER DECLINES

NEW YORK, August 14.-Nervous- ness over the European situation and talk of an increasing new crop movement led to reactions from an opening advance in the cotton mar ket today. but prices firmed up again. reaching the highest levels in the late trading on hot weather re- ports from the southwest and evil donces of a better feeling in Wall had sold off from 24.10 to 23.67 dur ing the early trading, advanced to street. December contracts, which 24.42 and closed at 24.40, with the general market closing firm at net gains of 20 to 55 points.
 The market opened steady at an advance of 15 to 21 points in re- sponse to relatively steady cables and the continued dry weather in the southwest. There was a good deal of realizing or scattering liquidation during the early trading, and the forenoon market was rather unset tied. selling down to 23.63 for Oc- tober and 2344 for January. or 20 to 24 points net lower. This decline was accompanied by more unfaVor- able comment on European condl
 tions generally. and for time the trade seemed to be turning from its consideration of crop prospects to the approaching movement of new cotton in the southwest and the conl- plaints of a comparatively light spot demand Selling was destricted by continuation of bullish crop advices from the southwest, however, and the market frmed up during the middle of the day on the forecast for another two days of fair weather in that section and the detailed weather reports showing extremely high temperatures. Reports that the closing of the Italian bourses was because of a religious holiday com bined with very hot weather has a reassuring effect which probably contributed to the afternoon advance, while there was also buying on the better tone of the stock market and the reiteration of President Cool .idee's statement that there would be TO change in the general policies or the administration. October sold up to 2442, and January to 24.16, and the close was within a few points of the best. A southern authority places the crop indication at l0,S70'- coo bales as of August }. Port re- receipts today, 11,S44. U. $. stocks 177.3i3. Exports today. 191 bales, making 60.592 so far this season.
The Birmingham age-herald., 1923-08-15
ARE
 FROM FIGHT
OIL SHARES
 DEPRESSED ] GASOLINE Z

NEW YORK, August 14.-Prtncipal interest in today's curb market cen tered in the oil shares which were heavily depressed as result Of the gasoline price cutting war in the west and south. Standard Oil of In diana, which initiated the cuts to meet state government competition, was hammered down to 4JA but rallied later to 5O9s, where IL was off 1 B on the day.
 Losses of to points also took place in Imperial of Canada, Mag nolia Petroleum, Ohio, Standard of Kansas and Standard of Kentucky Prairie Oil and Gas dropped ' points Cities Service closed IF points higher and small fractional gains were re- corded by Vacuum, Southern Pipe and National Transit. Selling of these issues also was influenced by reports of an early cut in crude prices, and rumors questioning the solvency of some of the smaller re- lining companies.
 Industrials weakened in sympathy but recovered later and closing prices as a rule, showed little change Durant Motors registered net gain of one point.
 Fluctuations in the mining group were small and unimporta1.:.
The Birmingham age-herald., 1923-08-15
pnpr MnvH,IENr

NEW ORLEANS: Middling 24 soc; re- ceipts 675; sales, Fl; stock, 43.S13. Galveston: Middling, 25.15c; receipts, 10.246; sales. 2.000; stock, 43,30S. Mobile: Middling, 24 25c; receipts. 1; stock, 679.
 savadnah: MiddHng, 2515c; receipts. 61; stock. s,S43
 cRar,eston: Middling. 24c; receipts. 77s; stock, 26 953.
 Wilmington: Receipts. S1; stock. 3.126. Texas City: Stock, f.
 Norfolk; AIddling. 24. 6Sc; receipts, 57; exports. 191 stock. 16,S34.
 Baltimore: Stock, GA.
 Boston Middling. 25.l5c receipts. $500. Philadelphia: Stock, 4,41S.
 New York; Middling. 5.65c; stock, 1s.- 206.
 Minor ports; Stock. 2,567.
 Total today: Receipts, 1l,s44; exports, Total for week: Receipts, 2a,a59; ex- ports, 959S.
 Totai for season: Receipts, 6O,177; ex- ports, 35s2.
The Birmingham age-herald., 1923-08-15
BITTER MARKET

CHICAGO, August 1.-The butter mar fancy and undergrade butter were well cleaned up, and some buyers had difficulty in filling orders Technical top scores. brought premiums. Intermediate grades were in more liberal supply than the other grades. but in the absence of finer qual- All grades brought full prices quoted for today. There was some accumulation of cars on track and buyers were trying to obtain concessions, but holders were not willing to make any sacrifices and asked full prices named.
 Fresh butter; 92 score 42c, 91 score 41c. 90 score 40c s9 score 39c. sS score 3sc S7 score 37c, SC score 36c.
 Centralized car lots: 90 score 42Lc ss score tolsc ss score Sslac.
The Birmingham age-herald., 1923-08-15
sI-GAR NIARKET

NEW YORK, August 14.-The raw su- gar market was easier, but there were no sales reported. with refiners not inclined to make commitments until the demand for the refined product becomes more ae- cost and freight, equal to 6.09 cents for centrifugal
 The more liberal offerings ip the spot market and the continued light consum- ing demand for refined. even at the de- cline in prices led to renewed selling pressure in ray sugar futures witt prices al the close s to 21 points net lower. or at the lowest level of the day Trading was quite active and included consider able switching from September to later deliveries. Closing September. 4.17c; De- cember, 3,93c; March. ls.Ssc; May S.4Sc
 The market for refined was unsettled and prices were unchanged to 10 points lower with all refners now listing at 7,sOc for fine granulated. although it was re- ported that some of them were selling below this level. The demand, however, continued light
 Refined futures. nominal
The Birmingham age-herald., 1923-08-15
NET GAINS MORE
 THAN NET LOSSES AS DAY IS ENDED

NEW YORK, August 14.-Heavy selling of the oil shares, based on the extension of the gasoline price-cut- ting war of middle western and southern states unsettled the early part of today's stock market but a brisk recovery set in towards the close with net gains exceeding net losses in the final quotations.
 Liquidation of the oil shares was accompanied by reports of another imminent cut in Mid Continent crude prices and rCmors that some of the smaller refining companies were on the verge of bankruptcy. New low records were established by Cosden, Sinclair common and preferred, Phil lips, Producers and Rehners, Mar land, Middle States, Maracaibo, Transcontinental, Skelly, White Eagle and Invincible, the extreme loss ranging from the low prices of the day was made in most cases, how ever. before the close. Wall street apparently is perplexed by recent de- Velopments in Europe. The reaction foreign exchanges, which are gen erally regarded as good barometer of the trend of business and politi- cal thought abroad, were slightly unfavorable. Demand sterling held steady around S4.5594, but French francs broke to 5.4S cents. another new low for all time, and Belgian francs registered nominal loss. Both made partial recovery later, while German actually showed net gain of 13 points on the day, being quoted at 40 cents a million. The quick recovery in todays market was regarded in many quarters as proof of the markets sound technical position. Baldwin, which had sold as low as 1129s during the morning, rallied later to IT, closing at 116A for a net gain of 25s on the day. United States Steel jumped from S7ss @9S7s, showing a net gain of one point at the close. Similar recov- cries were made by number of other standard shares in the indus trial group.
 American Can, Allied Chemical, United States Rubber common and first preferred, Studebaker and De- Pont were among the shares to close at net gains of to 3 points.
 Rails, while not as active as in- dustrials, also made good recoveries. St. Paul and Southern Pacific, which had established nominal low records for the year at 241s and S4A, respec- lively, actually closed at net gains of approximately a point each.
 Call money opened at "A per cent and then eased off to 412, where 1t closed. Time money and commercial paper rates were uncanged, with 5A per cent the ruling rate.