The Mississippi enterprise. (Jackson, Miss.) 1938-current, 1946-06-08
Criterion Mill
and Mfg. Co. To
Build New Office
BY James A. White

1ue ArllteTlOIl MlllWOIk ana MAN.
ufacturing Company will become
a household word for Negro citizens
of Jackson and Mississippi. It will
be the bulwark of the economic
and industrial progress of Negroes.
Negroes will own stock in it, Many
Negroes will receive service from
the company, that they would
otherwise be denied However, it
will serve all people, white and
Colored.
The Criterion Millwork and Man
ufacturing Company has bee in
corporated under the Twas of Mis-
sissippi for the following purpose:
Without restriction or limit as to-
amount, and for such consideration
and terms as shall be deemed prop
er by the board Of directors, to
manufacture for wholesale and/or
retail sale, any article made of
wood or partly of wood; to buy and
sell wholesale and/or retail mill
dork supplies. Building supplies and
accessories, home furnishing, i'm
plements, machinery and tools; to
contract for and construct all types
of buildings and where necessary
to arrange for the financing of
same; to buy timber land, timber
rights, real and/or personal prop
erty, subject to the laws of Mis-
sissippi; to own and operate all
types of real and personal prop
erty necessary to any Of the op-
erations of the company.
The ultimate aim of the company
is to function through the many
activities named in the charter.
However, it will not attempt them
until it is certain that they can be
operated at profit. The company
will be departmentalized with an
experienced person heading each
department. There will be about ten
departments. Their activities will
be intergrated so as to achieve the
highest efficiency at the lowest
cost. These people will work to-
gether to serve the Negro popula-
ton in many ways that it is now
denied service
Arrangements have been made to
secure material wholesale and serve
it direct to the people. The com
pany will furnish all the material
for building. Many skilled persons
are already connected with the COM
pany and more will be added. When
the organization is completed, and
it is hoped to be very soon, it will
not only serve the building require
ments for the community, but will
provide stable employment. for
many Negroes
The company will be financed
from the sale Of stock, which is al
ready in progress. There are two
kinds of stock, common and pre-
ferred, the latter having a par
value of thirty-five ($35OO dollars
per share to bear interest at the
rate of three per cent per annum
and paid semi-annually All of the
key personnel Of the company will
be stockholders of the company. All
persons will eb induced to buy
stock and help insure their future
and the future of a healthy Negro
economy.
The Criterion Millwork and Man
ufacturing Company will offer three
distinct advantages to the Negroes
and Jackson and Mississippi.
l. it will provide a safe means
for them to pool their resources.
insure a stable future and gain
public recognition. 2. 1t will pro-
vide employment at decent pay.
3. It will make available to Negroes
a proportionate share of scarce ma
terials.
POOLING RESOURCES: Negroes
are rated inferior because they have
not put their resources together to
give real competition to other bust
nesses Negroes hold inferior jobs
because they have not invested the