The Dayton forum. [volume] (Dayton, Ohio) 1913-1949, 1937-09-24
Monroe Works New
Negro Year Book
Out Octber 1

Dr. Monroe N. Works 1867 Ne
gro Year Book, the ninth ediion Of
tnis annual encyclopedias Of the Ne
gro Year Book, the ninth edition of
institute, will be off the press and
ready for general circulation on Oc-
tober l. Comprising $50 pages, and
retailing at $500 per copy, postpaid,
the Year Book is in a form suitable
TO the needs of both the general
reader and the student.
Editor Works book Is especially
adapted for use in schools and other
places where historical and sociologi-
cal courses on the Negro are given.
A few excerpts from the forthcom--
ing Year Book:
Tn the Negro in Business: "The
depression may be said to have taught
the Negro business man several les
sons, which though painful, will be
quite profitable In the coming years.
He has become increasingly conscious
Of the value of techniques, combina--
tion, mergers, reduction Of costs, a
general cooperative and pooling of
resources and more scientific man
agement; especially is this true of
certain large enterprises such as
banks and insurance companies.
Negro banking institutions, along
with other banks Of the country, have
had considerable difficulty during the
current depression. On the whole
the Negro institutions have responded
favorably however about twenty-five
of the banks were forced to close
their doors during recent years. There
are now twenty-three Negro banks,
capitalized at about S2.00o,00O, with
resources of about S15,000,000, and
the volume of their annual business
amounts to about $50,000,000.
Insurance: There are at pres
ent about Id Negro insurance COM
panies, % of which are members of
the National Negro Insurance Asso-
citation. According to the 1886 re-
port of the association, it's member
companies had an annual income Of
$15,061,347.T2, and employed $3.50
persons. These companies had $685.
963,070.00 worth of life insurance in
force on 1,643,125 policies. The
member companies have admitted as
sets equaling $f7,434,075.07. They
hold mortgages on 1,185 separate
parcels of real estate owned by Me-
groes. ~ il
Inventions by Negroes: Negroes
have applied their inventive talents
to wide range Of subjects. These
include clothing, household furnish
ings, electrical devices, aeronautics,
chemical compound, mechanical de-
vices, metal work, psychological de-
vices, etc. 1t is estimated that Ne
groes hold patents on more thar
1000 inventions.
occupations of Negroes: The
| number of persons in 1890 in ths
| domestic and personal service groul
was 958,279; the number in thi
group in 1880 was 1,579,205, an IN
crease for the forty years Of 64.5 PEI
i cent. The number of Negroes IN tn
manufacturing and mechanical INDUS
tries group in 1890 was 1890
The number in 1880 was 1,o24,6bo
This was an increase for the forty
wear period of 85l, ,686. The num-
Der of Negroes engaged in the variou
pursuits concerned with the sellin'
| of goods In 1890 was 35,2S4. IN
number thus engaged In 1880 wa
| 224, ,358, an increase Of 535.9 pc
| cent. The number Of Negroes IN II
professional service pursuits in l89
as 32,s79. The number, 1880 wa
| 135,s25, an increase for the fort
| wears of over 100000. There wer
h 1890 only four professions
which there were more than 500 Ne
proes: { lergymen, 12,159; musician
and teachers Of music. 1881; physi
clans, 9oe; teachers, 15,1oO.'
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