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"All things come. to tiera that wait, providing tb-j Beetle the .it.M Crej Tf. 4r.i-t "0t 0u of uur sua 2 21. Tc-O.
NASHVILLE. TENN.. FRIDAY, JANUARY 17. 1903.
tockholders of the One
Cent Savings Bank
STEN INTENSLY TO THE AD
DRESS OF PRESIDENT BOYD.
EIPOr.T OF J. C. N ArltK kuuinu-
LY APPLAUDED SHOWED IN
STITUTION -TO BE IN HEALTHY
OMD1TION STEAUY iNi-ntnot
fjN ITS BUSINESS FROM THE
DAY OF ITS BEGINNING -TO
MAKE EXT EN'S IV E IMPROVE
MENTS OLD OFFICERS RE
The fourth" .anniversary oi the. One
'ent Savftica. Bank has lust come o
close iThe annual meeting of tho
Wkhohlers was largely attend?!
Mly r00 of the 650 shares represent
'rl in the paid up capital stock was
'.recent at this meeting. The most
important report was that of the cash
;;pr Mr. J. C. Napier, which showed
. ' w te hnnk was in a healthy con-
a 3 iin v
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Making Rapid Progress.
Executive Board Meets.
MUCH ACTIVITY SHOWN BY
REPORTS OF COMMITTEES.
DR. It. II. BOYD,
President One-Cent. Savings Bank. Nashville, Tenn.
and that the institution
city and in this state that have confl-
had dence in hoth the Negro's ability and
in the Ne-
. n,o nvniHn! financial flurry hvely. The egroes nave commence
n oaey'W remain in the confines of hence he does not dispute his ability
h I f lLtitutlon M of the old board or his integrity to mn a church. The
1.1 directors and officers were re-elect-
' I i f inn
?hS one emharrsment. The is a woeful lack of
x,a innrcn.cir.ri nvw $700.00 iniooR Negroes themselves
, i, (1p Knvpmhpr and in gro s ability and his
' ,i env thr nKiiinct vear. The direct
i.rc n,n ni follows: Louis Winter, J
Negroes have the same confidence lu
both the ability and integrity of the
Negro in managing benevolent instl-
W. Grant, T. G Ewing, C. A. Cullom. tutions collectively.
,T. R. Bosley, B. P. Boyd. J. S. Martin.
The Negro is beginning to have con
fidence in themselves to manage
n i?Tnfin is. Preston layior,
n'rwri J W Eoisltic. J. P. Crawford, B. business institutions individually; but
the white institutions or business men
are so unacquainted with the Negro s
i n Jpfforson. . G. W. McKIssacK, vvra.
I r,'.r.i;hom TTenrv A. Boyd, J. C. Napier.
1 'immediately after the adjournment r.f ability, either individually or collect-
lihc citnri.-hnlders. the board or rtirecr- tvely, that tn'ey as yet nave naraiy
earned to trust tne iNegro except ia
menial positions as individual?,
they have never dared to trust
it all collectively.
It must be understood, gentlemen
and ladies, that banking is the high
est, most honorable and wast-akiny
business of higher civHi'.rition. It '.t
oniv Hip hihpr i : ir.zeri wonle or na-
.' ... i 11... t,c j ' ......
,vi! have caiiea you voi-eiuei tions that enter upon this hicr unan-
evening as siuuwiumcis nun iuv.""-".'" pun uusinesis pursiui. ana wauKiii
of the One Cent Savings lianK, to
AT ST. JOHN
NEGROES DOING A BANKING BUGI- OTA TI ri in
ness. LMAir mix
11 tile llictjui l LJ ui uic i iivc rvii:v ;.v-
1 1 1 il..! ...
auLiy iue activity iuai sums lucuiutris I r O I I T1
are exercising in the financial world A V XI If if A Si &rJ
through their various banks and bank- nOOUvlAi I lUil
ing institutions, they would no doubt
contribute more to support and main-
tenenqe of these wonderful business
concerns that add so much to the
standing and rating of the race.
It is almost impossible to expect
recognition in business and financial
circles when the race has no institu
tion through which their earnings
ran be passed that will give a rating.
It is a noticeable fact that the only
race of peoplo in the world that does
not take a pride in helping to advance
members of their race, is found chief
ly among the Negroes of the United
States. This remark has been made
time and again by some of the best
platform orators and public lecturers
before the people. A significant re
mark along this line was made recently
during Mr. Charles Stewart's lecture
to the men of Nashville.
The record made by the One Cent
Savings Bank of this city thoroughly
there is no medium through which
demonstrates what the people might
do through co-operative efforts. But
one can look to find the doings of
Negroes in the banking world. If
they should turn to the National Bank
I? n cr o ft t i A o ri- f r tv J 1 T ri t tir ? V Vft
UCklSLCI tL. IU ftlC iaiillilO.1 Willi in CI , , i i ' Y
r,nmQ f fv,a nA of w According to announcement the Ex-
not Vnnr a Wwrn Indltnttnn CCUtlVe VJOmmiUt'e UUU IUC
from that of n whitP institution- if of the 'l!nnesseo v;oiorea uaar as
they asked prominent members of the ciatlon held an enthusiastic meeting
race about banking concerns, they get at uaa remows Aiwwuiriuiu, ruuitu
but little information: if they turned avenue, North, on last Tuesday night
to the eighth bulletin of the United in the presence of a large numDer oi
States Census Bureau (Negroes in the citizens. The Executive Committee
United States), they will not be able held a short session with J. B. Bossley,
to get all the information because Chairman, and J. Thomas Turner, Sec-
many of the banks were organized ret ary. After arranging some prellm-
and opened since this book was pub- tnary business!, reports of the difte-r-lished.
There ought to be a medium ent committees were heard and showed
through which the reports (quar- progress) in their respective- re-
terly, semi-annual and annual) nfVrts The Directors of ithe Associa-
NEW FEATURE ADDED TO THE
ENTERPRISE WOMEN TO HAVE
AUXILIARY DEPARTMENT GEN
ERAL INVITATION EXTENDED
TO THEM TO UNITE WITH MEN
TO MAKE THE STATE FAIR A
SUCCESS GREENWOOD PARK
BEING SPECIALLY .PREPARED
FOR THE OCCASION.
NIGHT, JANUARY 27
SUBJECT TO BE D1S- pocially
CUSSED, NAMELY, "CHARACTER
could be made. Realizing this
necessity, and trying to cope with
the demand of the people and es- t of th .Executive Commit.
tion with J. C. Napier, president; and
J. Thomas Turner, Seoictary, upon ad-
1 : hold meetins and elected tne mi- ,(
-'vinjr officers: President, It. F. very
I'.;.'vd: Vice Pre sident, J W. Bostic; and
indrler. J. C. Napier; Teller, C. N. him j
I i Wa a lee, held an emerncy meeting . in
Globe has fully decided to pay strict ' ' . m tL u,, i-Q
attention to banks and banking in- tra.sacSom,IT if 1 on fof til'
stitutions in the race. Arrangements immediate at teution for u--
are now being perfected by which the ring the cause of the Association.
reports of all of these concerns will They created a woman g aepart-
be published from time to time in the mcnt as an auxiliary to tho Assccia-
Evans Tvree will deliver one or uione. tion ana appoaiuea a corauuu w
lectures The subject, 1 ' 11ISL lwu l" MH' uimiun;- ciena notices xo tae iiiiicreia ramtu
noii ior v.w are tnf une uent savings inviting every womn cr every
huich and every society in tne city to
On Monday night, January 27, Bish-
i -vgston. A six per cent nivmeim
declared on all paid up capital
ck, after which It. II. Boyd, preal
ciji, spoke as follows:
Lv,sutcni,:n and Ladies:
h-pnr the renort of the Board of D
rectors of this institution at its fourth
nimivorsarv. Four years ago to-dav,
J -we threw open the doors of this insti
i tutlon under very doubtful and al
J vorso ciicumstances. I say doubtful
Wor the reason that it was a pioneer
In'iertaiiing. The directors were a--
"Character Building." which will be
discusred bv Nashville' distinguished
divine. Nothing can be said 'that will
better acquaint you with the ability
of Bishot) Tyree a.- a lecturer th.ui
the fact that he has teen chosen bv
ihy (ipnoriti Ponference Committee of
his church to deliver a series of le"
t u res in the principal cities in V'rgia
Bank of this city and the Penny Sav
ings Bank of Columbus, Miss. In oth
er words, the movement if successful
ly carried out will make the Nashville
Globe a medium through which the
must reliable information concerning
NVgro banks can b procured. There
will be a standing bank directory in
It3 columns, giving the names. location,
ia to raise frrrt- to entertain the Gen-1 officers and aidunnt. of canitol stock of
era! Confeience in Norfolk in May of each Institution, so that Negroes hav-
25 J -prior experience
LOj tions. The offic
101 fi the Board of D
r. way. The Negn
lectcd from among our inexperienced
members. Not one or tnem naa an
I'irior experience in baukin? institu-
icers were eieciea oy
Directors in the same
V,I U on1 lit
v i ne iNesn'es in imo a-uu.
this state had never attempted such
: ,n,!i, --xz a 'regular state banking
frnct n'rnimnnv orirniilzation. A
i? number of them had professional, mi
chanical and manufacturing experi
; l ences, and some few had a little ex-
! j p'eriencc of money loaning, but none
ttvAvns not a Question of money that
if disturbed the directors or the office's
V of Ihis institution. The two part-
mount Questions rising up peioie men.
was, first, confidence, and, seconu, n.i-
anciering. Both or tnese queniuui
Anra lK-pn SO tnO'.OUSlliy aui. u.ticiun.'
thought of and discussed by the offi
' cars of this institution until we comr
to-day with our watchword cnangei.
and we are now ready to advise ex
It should be clearly understood by
the stockholdrs that this institution
was born out of a real necessity. It
was founded with a view of doing a
regular banking and trust business. It
was not organized as a loan company
and investment company an Indus
trial Insurance company, nor a pawn
Qhon The idea of "getting nch quick"
was never in the minds of the officers
of this institution.
The one object of this institution his
overshadowed all others, and that oh
iect was the gaining and disseminat
ing of confidence. We have many
firVt-chrs business men among us.
YVe have Negroes with confidence in
themselves as individuals. There are
plenty of business institutions in this
more than any other bufir.csw requires
the strictest confidence and the moat
devoted integrity. Tt requires both
individual and collective confidence,
it requires confidence in both tho In
tegrity and the ability, especially ia
the directors in general and the offi
cers in particular.
We must first find men and women
with money, and those found, must
have confidence in the collective abil
ity and integrity of the directors to
select officers, to finance and manage
the institution, before they will in-
ve t their money and take stock in
the institution. But when these stock
holders are found, the directors
chosen, these officers selected and thla
stock sold, certificates issued, money
collected say whn thi3 i: done, it
is only the beginning, for men coms
a demand for still greater confidence.
The stockholder has a guarantee ou
his stock, for he ha9 his certificate
which is negotiable and he will sell or
exchange it at will. But a banking
institution with only the capital stock
or even paid up capital stock, ia in
deed no banking institution, hut th1?
work of banking is just begun, and
search for confidence is just started
when all this is accomplished
The paramount questlor or issue
rises when a banking institution
throws its doors open to tho public
and calls on the community for la
v.en. women and children of every pro
fession an 1 walk of life, to come to
this institution and entiust these of
ficers with the keeping of their money.
Hut even then when the officers havy
been able to infuse confidence in da
icdtors, who leave sums of their
money with them for safe keeping,
raving it out for them upon their
checks, I say, after this has begun
there is still a more serious question
lo grapple with. If this money i?
,:!:uo 1 safely into the vaults and if U
is guarded against burglars, there
arises daily an expense an expense
for safety vaults, an expense in time
(Continued on Page 7.)
th'c wir This indeed a high hon- ing business from one town to
r 'iri'1 at the lecture on the 27tn other might send u orectiy tprougn
one ot tnesc hanks, i:ere are nun-
the people of Ncshville wl.l show to
ihe world that the v. too. know the
u.tlend a meeting to bo held c.t the O.M
Fellow? Auditorium January 2S to or
ganize and -elect officers for the man
agement of their department under the
supervision of the As:-i d ifion.
rnmmiltee was a.lso appointed to draft
rules and regulations for the control
'nd yivemmcnt of the woman's de
partment. Every well disposed wom
an was extended an invitation
through the columns of the Globe and
Clarion by the Association to be pres-
worth of Bishop Tyree. The rv.bjc
ir.tererfs all thinking people , and is
especially vital to the Negro as a race.
drcrl" of thousands of dollars chang- knt and to participate in the meet-
n to he held as above stared. A
trr li'imh in thr flint could
pr'Wt-tbly, '0,nvericr,tl and .auvaiv-
famously passed thro-igh their c.
banks. But tho quntn-that always
arises is. "Is there a Negro bank in
SAVINGS BANK OF such and such a city?" Tn case 1hce
is one, the name of such an institu
tion is not known, because it does not
advertise out of its immediate vicin
ity. And with a few exceptions no
effort is made to control collections
of any kind.
A recent letter sent out by the treas
urer or tne uiooe I'umisning com
pany, who nas decided to maKe tins a
feature in the paper, develops the
fact that but few in the race know the
Quarterly Statement snowing mc
Standing of the Concern.
(Published by drection of Chapter 14
of Mississippi uoue oi vu.,
la ge m'eeMng j anticipated, as n good
rr.r.uy have a'r?f"!y exprtntsed them-
fc!vco 'is being in sympathy with this
move ar,j win TS'ork lo help make it a
The question as to where the fair
will be held is a foregone conclusion
and a fixed fact. It will be at tho
Greenwood Tark. Rev. Pieston Tay-
or gave the Association all th as
surance that he will concede to an-
'hing the Association desires to ef
fect the necessary arrangements to
rarry on the fair.
He stated that there will be noth-
T.oans and discounts on per
sonal endorsements, real
octito nr collateral ici.u
exact name and location of these in- hng done on his part to impede the
stitutions and that the meeting called
by Dr. W. It. Petti ford early in Feb-
Jh' $ 7,385.57 ruary at Memphis, Tenn., will be pri-
Overdrafts secured .
Furniture and fixtures
Cash on hand
62.1S marily to further the ooreratlon
1.0S5.0') -vith such institutions among them
N INVITATION TO
A Ci ArtA AA
n.,U.M,1 nniri n
ir '" t - . 111 00
., j i i.
Tn,livir1nal iipnnsitS SUDItCi LO
check i, 1.1.0
Time certificates of deposit.. ,ta.w
Cnlop'o lllflfllQ OOS.JJl
nhiivn n mount of loans and
Tn nfflwiis of the bank $430.37
Tn lirprtnra nf the bank IblM )
You nnd vour congregations are cor-
liallv invited to be present at the Rally
nnrl P.'icred Cnnce'-t. January i
n. m. at Svlvan Strrc Baptist Church
regress or success of the fair, as far
"s having a place to give R, as the
rounds of the Greenwood Park were
wured for the pleasure and enjoy
ment, comfort and accommodation of
the Negro race at any and all times.
A committee was appointed to wait
on the officials of the Street Railway
company to see about the extension of
the street car line to the park.
A committee was appointed to ar
range a written agreement with Bev.
Mr. Taylor as to how the park is to be
Fast Nashville. Benefit of Roger Wil- secured and tho requirements of the
hmr. Admission free, h.very naptist DartjS concerned.
hureh choir is invited to furnish a The following committees composed
nusieal number. Only those assigned of flye persons each are to be appoint
ed from the body of the Association by
the Chairman of the Executive Com
mittee the same to be reported to the
committee for its confirmation at the
A Committee on Arrangements1
Vive nuthorlzod the committee to do
'-o. meniM! me cum neiirvt- v;n.n
lvir will rosnond in round numbers
.1 it U i 1. OPU
nn rne sunqay oi me ioiu.
TTew shall I present those 5 Irish
To stockholders of the bank ... 37G.91 Potatoes at the door at Sylvan Street Concession, on Transportation, on
All on real estate securities.
Officers W. I. Mitchell, president;
TT. E. Roberts, vice president; J. M.
Coleman, cashier; G. A. l.Hliejohn, iu-
Directors Dr. T. V. Jones. J. M.
Shumpert, E. S. Evans, O. II. Camp
bell, E. S. Jon.es, W. W. Cox.
V.ap1ist Church on January 27?
Whv. place them in a pnjier sack
nnd write your name upon the .sack.
If vou are aiming at the prize,
scratch vour name upon the potato,
that you think will be the winner.
Premium List, on Publicity, Building
Committee, on Gates and Admission,
in Finance and Meeting. A General
Manacer will also be elected at ths
President Navdrr spoke in glowing
terms of the beautiful prospects and
rvHMisi unurcn esunuay school, Mr.M'- u- rlm
TT 4- ..,..-..,1. .,1.. - UnA I T I vS Filth .Tl )h 11 .Cill
Miss Jennie Hinton. i spiead.
was being served in courses.