The Omaha guide., 1945-03-31
IA Much Needed, Long Dreamed Of Negro Institution Finally becomes Rea|t
men LAUNCH COMMUNITY BANKING ENTERPRISE


ion. This building has been pur-
chased by this Institution. 1t is
not the largest building in the city
of Omaha in stature. but it repre-
sents a firm foundation of the larg-
est financial institutions in the
State of Nebraska to the Mid-City
section. 1t is a partial fulfillment
Of the dream of the founders of the
Omaha Guide which was decorated
in the Guide platform Is years ago. :
The idea of this Association was
conceived and planned and worked
to its present perfection by one Of
Omaha's keenest legal minds, Atty.
Charles F. Davis, assisted by a
group of men who he has been work
ing with in Iroquois Lodge No. 80
and of which he is Exalted Ruler.
istration. in the Elksn dodge and
his ability Of working out a solu-
ton of hi problems which con-
fronted him. with the assistance OF
his able Secretary, DR. Price Terrell,
placed in the men who he was work
ing with, a confidence that was UNI
shakeable.
When Atty. Davis was elected as
Exalted Ruler Of the Elk's Lodge
he set as his goal a home
for this organization. He found a
fra structure to begin with and "a
group of men divided between
Observation-Disclosures the very
things which they were organized
to perfect. With the rental agree
ment on a building which was prac-
tically worthless due to the lapse
of time, it was no small job for him
to weed out the selfish interests
which was in the hearts of a few
of it's members. With his Y on
the beam, he. pisked his co-workers
to perfect an organization THAI
would do the job and during the
time he was working out these
problems, he established such a
permanent confidence in his closest
associates until they observed in
him a mar who was giving unsting
iously every ounce of his energy in
the interest of building a firm or
g~anization in the interest of its
members and not for no one indiv-
idual.
When Atty. Davis took charge Of
the administration of this Lodge
they had no home. no money in the
treasury, no credit, and practically
no respect in the community in
it existed. Today. they own
building which cost s64.OOO.00
build and which at one time
purchased by c. c. Galloway for
the sum Of $40, 100000 With the in
crease of property value at this date
would say this building today is
well worth $50. OOO. 90 and could not |
be reproduced for $S5, 100000 cash
the anne. They are now carry !
ing an average balance in the bank I
OF from II to Is thousand dollars
with a good credit rating and sew
eral thousand dollars worth Of U S
War bonds to their credit and this
has been instrumental in tbs
community in contributing to many
charitable institutions and individ-
uals and above all this organizat-
ion now has a group of men who
implicit confidence in Atty
firm business administration
the interest of humanity to such
an extent that he was able to pick
put a few men of this organization
and organize the Carver Savings
md Loan Association. There isn't
any doubt in any of the i~ncorpor-
ator's minds, as to the future sue
cess of this financial institution.
The Negroes of Omaha alone, have
deposits in the downtown financial
Institutions of s1Ss, 900. 90 and are
interest on capital stock
controlled where they cannot get
out a meagre financial considerat-
on and where they are given en-
'loyment to 40 employees.
Why not transfer his in the
whole to where it will give your
BOY or your girl who is coming out
If High school every year. some =,
hing in the line for which they are
for.
The Carver Savings and Loan AS
ISOLATION not only deserves a 1907
of the Negro in this
community. but it also deserves and
will expect the full cooperation of
every business that is operated il
his section of the city of Omaha
The Omaha Guide firmly believes
hat when the fundamental princi
pie of this organization and thu
of it to this community i
properly unfolded to the business
firms Of this section. that they vii
rally to the strengthening Of this
structure, for the business firms o.
section, heretofore have ais,
felt the sting of refused consider
alton from a financial point Of view
by the downtown financial institU
tons, u to the fact that their bus
nesses were located in this area.
So, we The Omaha Guide. suggest
to the official family of the Carve
Savings and Loan Association, to BE-
gin to-day to build that confidence ,
up in the business men of this sec
ton that confidence which is
CONTINUED on page 81