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Richmond planet. [volume] (Richmond, Va.) 1883-1938, December 13, 1930, Image 6

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn84025841/1930-12-13/ed-1/seq-6/

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WE SHALL
DO MORE FOR AND AMONGST OURSELVES
LETS ACCEPT THE CHALLENGE AND DO
Fifty Dollars ($50.00) In Cash Prizes to Colored Women within the
Next Two Weeks to Explain Our Proposition
The Offer Of C. S. 8C E. Laundry, Inc.
By MR. R. J. KENNEY
President Thurken, Inc., and
one of the Alternate Trus>
tee in Our Deed
I wish to congratulate the
officers of the C. S. & E. Laun
dry for so greatly increasing
my confidence in the ability of
colored people to do business if
they will.
If anybody could have pro
vided better safeguards for as
suring themselves and others
that the money from these
notes would be properly used I
do not see how it could have
been done.
These officers instead of rest
ing on the fact that they were
high-class honorable men with
good reputations have shown to
the world that they mean noth
ing but fair, square and honest
dealings.
For these reasons I accepted
being an alternate trustee. 1
mean to sell some of the notes
myself and urge that our people
quickly take up their issue of
notes so that the improvements
can be rushed forward.
By MR. A. B. GREER
I am impressed with the ef
forts of the S. S. & E. Laundry,
Incorported, to establish a mod
ern laundry entirely owned and
operated by Colored people in
this city. The plan proposed
by them for the financing of
this enterprise through an issue
of first mortgage securities is
very much in keeping with
present day financing.
This project should prove
successful because it is headed
by men who are sincere in their
efforts to build for racial pro
gress, whose past records are
clean and in whom the people
have utmost confidence. This
project will receive my hearty
support.
By Prof. J. H. BLACKWELL
Proprietor of the Interstate
Teacher’s Agency and one of
the Alternate Tru»tee« in Our
Deed
This is to certify tha t I
know all of the gentlemen who
are owners and personally oper
ating the C. S. & E. Laundry,
of this city. They are men of
integrity and have a record for
honest dealings. I have had
many years of business contact
with most of them and have the
highest opinion of their square
dealing and unhesitatingly
commend them to the public;
feeling that any business they
may have with them will prove
beneficial to all parties con
cerned.
I shall give them my patron
age and ask my friends to do
the same, for I consider the
project a great benefit to our
race and offers unlimited pos
sibilities for our boys and girls
now in school.
By DR. J. E. FOWLKES
Dentist and President of the
Company
1 have said practically every
thing I could say, in the pre
ceding matter signed by myself
as president.
1 desire however, to person
ally say to the public that I am
especially interested in the pro
gress of the masses of our peo
ple and this has been the prin
cipal reason I have taken the
earnings from my profession
and put them into the laundry
business.
I wish to impress upon my
closest friends, my acquaint
ances, and the public general
ly, that the success of this en
terprise is the actuating motive
with all our driectors, and that
not one penny will be paid to
any officer as such, until there
be a surplus available for divi
dens to the stockholders.
By REV. W. B. BALL
Pastor of Good Will Baptist
Church and Vice President
of the Company
Some may say a preacher
should not assist in business,
but I think it is the duty of
all citizens, preachers included,
to help where help is needed.
Our people certainly need
help along industrial, commer
cial, and business lines.
A minister’s hands should be
kept clean, I admit, and I sub
mit that the C. S. & E. Laun
dry’s offer to the public is the
cleanest and and clearest cut I
have ever known.
Definite rules and positive
regulations are provided for
doing everything which is to
be done, and I do not see that
any harm can come to myself
as a minister, nor to anyone
ese in helping the C. S. & E.
Laundry, Inc., to put over their
program of progress.
By W. M. GRANDERSON
Pullman Employee and Secre
tary of the Company
As a railroad man, I have
gotten over the country quite
a bit and have been greatly
concerned over the apparent
disregard, by our people, of
the opportunities which are of
fered in industry.
I would be happy to see one
hundred of our Richmond boys
looking forward to industrial
proficiency and financial suc
cess.
A visoin of this, caused me
to take great interest in C. S.
& E. Laundry, and I believe,
that along with myself, all
others who have done so and
those who will, are going to be
rewarded with an enterprise
which all of Richmond can be
proud of.
JWOSED C.S-F. LflUNDPT 30lU»W. wcn^p *.
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■ ■■ • —-r ■ X—;-r
IT’S UP TO US
Let’s Meet The Issue
Let’s Act Like Real Men and Women and Remedy
the Conditions Confronting Us
THE CHALLENGE
It must be a very unthinking
man indeed who does not see
that the world is now challeng
ing us to “Do something for
yourselves and ‘help’ can be
had”. “Do something for your
own people and ‘help’ will be
proffered, but you Do.”
We must admit that we cer
tainly ought to do more for our
own ’ people. At any rate we
say “Lets accept the challenge
and’“Do”. Even children realize
that we must do something for
ourselves.
OUR NEED
We need commercial, indus
trial and business enterprises
to prepare more places for our
youth, yearly coming out ot
school to find nothing of what
they had been taught to expect.
We need to provide a new
condition amongst ourselves.
We need to be like other
peoples or races, and have more
industry, merchantile enterpris

fessions. This is not so now.
We need our proportion of
grocery stores and grocery
clerks, clothing salesmen and
drygoods clerks, carpenters,
bricklayers, painters, tinners,
plumbers, electricians, laundry
foremen, laundry clerks, laun
dry truck drivers who will be
more than mere drivers, etc.
etc.
es, and businesses, tnan pro- •
OUR CONTRIBUTION
Concisely stated, our. contri
bution to this new condition, is
the base or foundation for a
strictly first class and modern
laundry in its own building. We
have already put more than
$5,000.00 of our own individual
cash into this proposition, not
watered stock, not services, not
so-called expert knowledge and
such; nobody could buy real
estate and machinery with
these things.
We again state, in this pub
lic print, that the five directors
of this corporation have put
into this proposition, more than
$5,000.00 of their own actual
cash earned elsewhere, that not
one cent of it has been paid in
salaries to ourselves as officers,
and that the corporation has
something tangible to show for
it
WHAT THE CORPORATION HAS
The corporation owns the
property numbered 706 E.
Leigh Street, Richmond, Vir
ginia. It fronts 55 feet on Leigh
Street and runs back 150 feet
to a 20 foot paved alley. It
has on it, a seventeen room
brick residence and a four
story and basement brick ware
house which was Mrs. Kids
pickle factory. On this we owe
only $7,000.00.
Here we also have the same
equipment and auto trucks witn
which we successfully conduct
ed the laundry business at 40"
W. Clay Street. All of it is in
good condition except the two
trucks which we can trade in
when we buy the new trucks we
plan to put on the streets. We
were making some money in
Clay street, and the only reason
we left was that a neighbor
complained under the zoning
law and we had to move.
OUR DECISION
We then decided that when
we did open again, it would be
in our own building and with
sufficient equipment to cope
with any other laundry. While
the public patronized us well at
407 W. Clay Street, we were
determined that no reason
should be found for not
patronizing us.
WHAT WE ASK
We ask that the public buy
first mortgage notes on our
plant or some of our stock.
Practically each and every big
corporation has asked this, and
most all cities, states and
nations, including the powerful
United States, have asked the
same.
Notes or bonds by nearly
every one ot these are now out
in the hands of the public who
have put up the money. We
have tried to make our proposi
tion as safe as any of the rest,
and believe we have succeeded.
Please read in the next column,
the paragraph entitled “For
Your Protection.”
CONCERNING THE NOTES
THE SECURITY WE OFFER
We plan to improve our
property in Leigh Street, so as
to make it conform to the plan
shown above. As planned the
building will be 55 feet wide
and 120 feet deep. It will have
a large entrance hall 9 feet
wide and 31 feet long. The
office on one side and the
driver’s work room on the
other, are each 21 x 19. Just to
the rear of these is the women’s
toilet with modern comfort
conveniences, including shower
bath.
To one side back on the alley,
is the boiler room and coal bin
28 x 21 feet, and containing
sufficient space to store a car
load of coal. Next to this is the
store room and men’s toilet. On
the alley at the opposite side is
the receiving room, 16 x 21. All
laundry is unloaded and the
clothes marked here, then sent
dix*ectly to the washers in the
adjoining, or main laundry
room 48 feet wide by 65 feet
deep.
Space for dry room, 8 wash
ers, all needed starchers,
mangles, ironers and ironing
boards, is provided here. The
next to finishing room 25 x 29
brings us back to the office on
front.
The height of these various
rooms will be from 14 to 18
feet. A five inch concrete floor
runs throughout. All girders
and supports, and all doors, and
windows, which are ventilating
and all skylights in the new
part will be of steel construc
tion. The plant will have a four
inch water supply and an 8 inch
waste or sewer line. Its
economy to build like this while
we are at it. We’ll come to it
and save.
We are sure nobody ques
tions that when this work is
done, the plant will be easily
worth between $26,000.00 and
$30,000.00.
FIRST MORTGAGE NOTES
On this improved property,
we desire to borrow $19,500.00
in first and second mortgages,
the first mortgage to be for
$14,500.00 and the second
mortgage to be for $5,000.00.
We are starting something new
in this. We intend to raise this
mortgage money amongst our
own people. It can be done and
we are going to do it.
The richest and biggest peo
ple in the country do not even
expect anything better than
fifty per cent first mortgage
notes. So just like other com
panies do, we are going to
convey this property in trust to
secure the above mentioned
amount and then sell our own
people one hundred forty-five
first mortgage notes of $100 00
each, all of which will be
equally secured by a first lien
on the property. The trustees
in the deed will be Rev. W. L.
Ransome and Prof. Wiley A.
Hall. We plan to offer these
notes through our colored real
estate agents.
They will run for five yea^s
and will have ten semi-annual
interest notes of $3.00 each to
go with each of the $100 00
principal notes. This will give
Six Per Cent and Safety, being
a total of only $14,500.00 or
about 50 per cent in a first
mortgage on centrally located,
and modernly equipped business
or industrial property.
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FLOOD PL4H
I
LARGER RETURNS
The second mortgage notes
make an attractive investment
for those who wish the larger
returns. They pay more than
Eight Per Cent and all are to
be taken up one year before
the first mortgage becomes due.
They are secured by a
secondary lien for $5,000.00
which comes immediately be
hind the above mentioned
$14,500.00 on property which
we conservatively believe will
be worth nearly $30,000.00.
These second mortgage notes
consist of fifty units of $100.00
each, each unit comprising lour
notes of Twenty-five Dollars
each, one due in one year, one
in two years, one due in three
years, and one due in four
years. They bear interest from
date at Six Per Cent per an
num, but each unit of four of
these notes totaling the face
value of One Hundred Dollars,
can be bought for Ninety-four
Dollars. This discount with the
legal Six Per Cent interest on
One Hundred Dollars make the
investment pay more than
Eight Per Cent.
FOR YOUR PROTECTION
For your protection, the re
corded deed names four men as
alternate trustees, one. as
selected, to act in the place and
stead of W. L. Ransome or
Wiley A. Hall should either of
these trustees die, become dis
qualified, or decline to act. It
also provides that each note
must have on it a statement
signed by each trustee, showing
that it is one of the notes
secured by deed of trust on No
706 E. Leigh Street, Richmond
Va.
It further provides that as
soon as the notes are properly
made, each and every one must
be immediately deposited In
bank to the credit of “Building
Fund of C. S. & E. Laundry,
Inc.: that these notes can then
he withdrawn only for sale and
only on orders signed by two
officers and the two trustees;
that the net cash proceeds from
these notes must be properly
and promptly deposited before
other notes are withdrawn;
that the money can be used
only for the proposed building
and that not one cent of it may
be withdrawn except on checks
signed by two officers and the
two trustees.
The officers are J. E.
Fowlkes, President, W. B. Ball,
Vice President, and W. M.
Uranderson, Secretary; the
trustees are Dr. W. L. Ran
some and Prof. Wiley A. Hall;
the alternate trustees are
Messrs J. H. Braxton, R. J.
Kenney, A. B. Grier and J. H.
Blackwell and not one note nor
one cent may be withdrawn
without the signatures of four
of these nine men.
FOR YOUR FURTHER PROTECTION
For Your Further Protection
For your further protection,
the deed provides that each
check must show on its face
exactly to whom the money is
to be paid, and for what it is to
be paid. It is each man’s duty
to know that the money is being
properly paid before he signs.
In the deed. HE makes HIM
SELF responsible to the note
holders for double any amount
which may be improperly paid
out on an order or check signed
by himself.
Since four men must sign,
this makes a responsibility of
eight Dollars ($8.00) for each
and every dollar which is
handled. This is no unenforcible
promise. A definite and binding
clause, bearing the signatures
and seals of each man named
is in the recorded deed, and
word for word is as follows—
“The said J. E. Fowlkes,
President, the said W. B. Ball,
Vice President, the said W. M.
Granderson, Secretary, the said
W. L. Ransome, Trustee, the
said Wiley A. Hall, Trustee, the
said J. H. Braxton. Alternate
Trustee, the said R. J. Kenney,
Alternate Trustee, the said A.
B. Grier, Alternate Trustee,
the said J. H. Blackwell, Alter
nate Trustee, each personally
and individually covenants with
those who may buy any of the
notes hereby secured, that he
will not sign nor countersign
any orders nor checks on the
said building fund, which are
not in accordance with the
provisions of this deed, and
hereby binds himself to be per
sonally responsible to the note
holders as a whole, for double
any amount which may be,
proven to have been withdrawn
from the said building fund on
orders or checks signed or
countersigned by himself, but
not in accordance with the pro
visions of this deed.”
THIS ADVANCES US
Since Colored people princi
pally are requested to furnish
the money by buying the notes,
we made it a point to see that
colored contractors as well as
white ones were asked to fur
nish bids, and we are glad
to state that a colored contrac
tor was the successful bidder.
He is the same one who did
such excellent work on the
Sixth Mt. Zion Bapt. Church,
and though we know he takes
piide in any work he does, we
mean to do our part in seeing
that he gives us just as good
a job as he gave Sixth Mt.
Zion Baptist Church.
ALL CAN HELP
These notes make fine invest
ments for organizations, socie
ties, and lodges. In buying
these notes they get safety and
income while helping their own
people.
Bring this up in your next
lodge meeting.
With the mortgage notes fi
nancing the building opera
tions, and the stock money fi
nancing other matters, includ
ing the purchase of sufficient
and modern equipment, besides
leaving a cash surplus on
which to operate until the bus
iness gets to going good, wre
are bound to succeed.
Please get your subscription
in at once and thereby be
among those getting credit for
helping to finance Richmond’s
first successful large enterprise
financed principally by colored
people. Y ou will have assisted
in the development of a real en
terprise, not a makeshift but a
real success conducted along
successful lines.
ABOUT THE FIFTY DOLLARS
OUR NOTE OFFER IS TO PEOPLE WITH MONEY
We realize that our offer is
being made just at Christmas
Time, but we can not even
hope to sell our notes except to
people who hav emoney.
People who have money al
ready laid down are now look
ing forward to next year’s in
vestments and these notes
should prove attractive.
Those who have not the
cash, but wish to help in this
movement, can do so by buying
stock which is sold on the par
tial payment plan. In the last
analysis, the stockholders are
the owners.
THE WORK TO BE DONE
As shown in the preceding
column, we ask the public to
buy mortgage notes or stock.
We have prepared this same
matter in a yery neat folder,
entitled WE MUST AND WE
SHALL. We desire the ladies
to distribute these folders and
explain our proposal to build a
real enterprise. We believe
these friends will quickly sub
scribe. The most encouraging
thing we can say to any woman
who is interested, is that we al
ready have subscribers for $2,
500.00 worth of these notes and
over $7,000.00 worth of the
stock.
SOMEBODY WILL SURELY GET IT
The $50.00 which we offer is
offered without any strings
whatsoever to it. $25.00 will be
given each week for two weeks
in ten prizes to ten women
each week, $10.00 to the high
est, $5.00 to the second, $3.00
to the third and $1.00 apiece to
each of the next seven. This is
for the purpose of advertise
ment and if only ten women
BRING IN ANY SUBSCRIP
TIONS AT ALL AND EACH
ONE BRINGS IN THE VERY
SMALLEST SUBSCRIPTION
WHICH CAN BE BROUGHT,
these ten women will get the
$25.00.
THE PUBLIC UNDERSTANDS
Most anybody knows what a
first mortgage note is. After
you have distributed the folder
as described above, some of
the people will subscribe for
one or more sets of the first
mortgage notes at $100.00 per
set; one or more of the second
mortgage notes at $94.00 per
set, or two or more shares of
stock at $12.00 per share. You
will get some definite pay, not
less than $1-00 on every sub
scriber you get. and in addition
you may get one of the prizes.
The woman turning the larg
est number of accepted sub
scribers will get $10.00 in cash,
the second largest $5.00; the
third largest $3.00 and the
next seven $1.00 each, and
again, this is in addition to the
regular pay on each subscrber.
These ten prizes will be given
eachweek for two weeks,
$25.00 on December 22nd and
$25.00 on December 29th.
WHITE FRIENDS
White friends? Yes colored
people always will have them in
any worthy undertaking and
this paragraph is put last for
special emphasis. The majority
of white people wish to see col
ored people succeed. This laun
dry ha3 white friends and is
proud of them.
The “proof is in the pud
ding.” Two Thousand, Five
Hundred Dollars ($2,500.00) in
note subscriptions, is the ‘pud
ding’ we have so far, and near
ly $2000.00 of it came from
white people. Other white peo
ple, as well as colored, will sub
scribe for some of these notes
FOR INFORMATION
Full information and the folders will be given in a
meeting at the Urban League Home, West Marshall Stret,
on Monday afternoon December 15, 1930 at 5:00 pjn., or
call at, or call up our temporary office, 407 West Clay,
Dial: 2-1104, between 10:00 A.M. and 4:00 PAL or see J.
H. Braxton. 112 W. Leigh Street, Dial 2-7456; or see Thur
ken, Inc., 100 E. Marshall St., Dial 2-0030.
C. S. & E. LAUNDRY, INC.
J. E. FOWLKES, Pres.
W. B. BALL, V. Pres. W. M. GRANDISON, Sec.
NINE LETTERS
The Viewpoints Of Prominent Citizens
The viewpoints of responsi
ble and representative citizens
who have some connection with
this affair. Practically aff of
them have put their money into
our stock.
* * *
By DR. W. L. RANSOME
Pastor First Baptist Church, So.
Richmond, and Trustee in
Our Deed
The public knows that I have
too many duties on me to have
become trustee in the deed
which the C. S. and E. Laundry
Inc. speaks of on this page.
They were so insistent however
that I could help them by doing
so and so thoroughly convinced
me that their real purpose was
to benefit the race rather than
their own pockets, that I yield
ed.
No men but those who really
meant honest and right would
have put in their deed the
binding clauses and penalties
which affect themselves as well
as everybody else who can han
dle any of the funds. These
clauses showed that they meant
to do right by themselves and
meant to see that everybody
else did what was right.
This is what won me and I
nowurge that every one of our
people who can buy one of
these notes will please do so
and give these men a chance to
complete the worthwhile laun
dry which they have started.
By PROF. WILEY A. HALL
Secretary of the Urban League
and N.A.A.C.P., and Trus
tee in Our Deed
With reference to the Fifty
Dollars ($50.00) of cash prizes
offered on this page, I am glad
to say this actual cash has been
placed in my hands to be given,
$25.00 each week in ten prizes
to ten women as outlined on this
page.
There are no strings to it.
There is no certain amount to
raise so that the company will
not lose on the prizes. All of
this was thoroughly understood
before.. I consented to take
charge of the prize money, and
if only ten women turn in any
aecept&be subscriptions, and
even if each turns in a sub
scription for only two shares of
stock which is the smallest sub
sci’iption which can be turned
in, the $25.00 will be distribu*
ted in prizes to these ten
women.
I am in position to put stress
on the paragraph entitled
“White Friends.” Our people
have more white friends than
they really know. My experi
ence is that when colored peo
ple do something worth while
like the C. S. & E. Laundry is
doing, they can get assistance
from both races here.
By MR. J. H. BRAXTON
Real Estate Agent at 112 East
Leigh Street and one of the Al
ternate Trustees in Our Deed
I have had some dealing with
colored laundries and know
that not one ever failed for
lack of patronage. The fact is
they all get more work than
they could properly and
promptly do and that’s where
they got into trouble. I have
become alternate trustee and I
am urging all of the colored
people generally to buy as
many as they can (of these
notes because I feel that there
is no possible chance for any
misappropriation of the money
unless somebody gets into real
trouble.
* I have never seen such a
plan undertaken before and am
boosting it wholeheartedly be
cause this ought to be the be
ginning of the restoration of
confidence in oolored enter
prises. I am bespeaking for
it. much success

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