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The Northwestern recorder. [volume] (Milwaukee, Wis.) 1892-1893, February 01, 1893, Image 1

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn84025845/1893-02-01/ed-1/seq-1/

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No. 1.
YoL. 2-
1E PLUMBER.
L e <ing plumber goes a- lumbi
W L\t”"l Tk caking main to stop‘;ts leuk':g'
e Joves ¢ i ‘.g-dorsiua-oommg.
As hegati! his sheckels, so to speak.
1t you bel pretty haney plumber,
L onr po . will rendily expand ;
ynd you 1 .1 the seashore in the summer,
Ahat it's ‘ood to be a plurmler-man,
rhen the ing plumber ceases piumbin;
W “;‘:M ens features to the sky, 5
\nd talks ¢ ot of angels coming—
“ Then the rising plumber's going to die.
ffe says 10 \ .dren—*Boys, be piumbers ;"
And to his ~Wed plumbers if you can:”
\nd just b’ (Jies he softly murmurs:
ATAR! IS vood to be a plumber-man.”
ghen they 4nd his grave an iron railing.
Witha 1 { that reaches to the trees,
While the ¢ <ing plumber goes a-sailing
o the pl: - the faucets never freeze.
onrENzO L. BURKE, Chicago.
\Fii \MERICAN BANK.
Two Mili Dollars Handled in Four
Years.
Solving the Hlem of the Afro-American’s
Capacity . Man and Citizen in the
Broad s-nse—A Washington
_ Experiment.
Few pe: Caniliar with the hab
its of the ‘vo-Americans living in
Washington prior to 1888 can realize
b change 10t has taken place in
geir habits. At thab time most of
e people jloyved in the depart
pents ot olly spent all that they
gade, but wore habitual borrowers
brokers who became widely known
is 410 per centers,” because - for
every $lO thes advanced they got $1
rental for the thirty days, or interest
ot the rate of 120 per cent. per an-
L. \ oy i 5 R
The *“10 per centers grew lln
pumbers and waxed exceedingly fat,
shile the department employe ap
peared to grow leaner and hungrier
every vear until the time came, as 1t
variably did, when he found Wash
ineton & wood plice to leave “‘on the
dead quiet.” The brother in black
Lere seemed 1o live for pleasure and
the 10 per centers alone,
When Mr. Cleveland was elected
in 1888, there was a very rude
awakening n the Fool's Paradise.
Men who had Leretofore spent every
penuy of the salary they received
from the covernment Sll(ldellly be
eame thrifty 1 the penurious sense.
The eraze for i .z money and buy
ng property spread rapidly. All sorts
of busiiess enterprises sprang up as
fby macic: banking, insurance,
eal estate and mereantile ventures
were projected on all sides.
penny ot ti
from the o
cane tnrl
The eraze
Awong the ventures projected in
1888, which attracted general atten
won and has been watched with in
terest 1s the Capital Savings Bank,
which numbers among its managers
some of the most competent Afro-
Americans in the city. Its officers
are ex-Congressman John R. Lynch
the present fourth auditor of the
treasury), President; J. R. Wilder,
Vice-President; H. E. Baker, Secre
try: L. . Bailey, Treasurer; D. B.
MeCary, Cashier; Directors, John R.
L}'uch. J. A. Pierre, H. E. Baker,
Whitefield McKinlay, Jerome A.
Jobuson. W, E. Mathews, Dr. W.
S. Lofton, M. Cole, J. Archie Lewis,
J. T. Bl':lt“'nil'tl. l)r. :\ \V. Tancil,
Dr. J.R. Wilder, Prof. James Sto
miy, L. C. Bailey, Prof. W. 8. Mont-
TOmery,
The company first purchased a
bulding at the ‘corner of New York
avenue and Ninth street, northwest,
for the suin of $21,000, and intended
Woccupy 1t some day in carrying on
their business, The location was not
@actly suited to the present needs of
their business, and so when they were
wotified last May that they would be
Formerly “The Wisconsin_Afro-American.”
MILWAUKEE, WIS., FE]
required to give up the rented quar
ters they were then occupying they
set about at once to purchase a build
ing in a more suitable locality. Their
efforts resulted in the purchase of
their present elegant building on one
of the most prominent business
streets in the city of Washington, sit
uated just in the heart of Washington's
commercial and financial activity,
convenient to the departments and
midway between the capitol and the
White House—lF street, between
Sixth and Seventh streets, north
- west.
Secretary Henry E. Baker, a gradu- |
ate of the law department of Howard
University and for many years a
special examiner in the patent office,
was seen by me and furnished the
following interesting and instructive
statement of the beginning and pro
gress of one of the most successful
business enterprises conducted by
Afro-Americans.
“The history of the organization
and development of this business
enterprise is not entirely free from
some of the essential features of a
romance. Born into an almost ab
ject poverty, and growing into a
vigorons mandood amid the most un
favorable surroundings, is a feat that
neither individuals nor enterprises
perform with frequency. Banks are
a commercial necessity in all busi
ness centers. They are the medium
‘through which the money property
of individuals changes ownership.
‘They touch the money pulse of a
con munity. As a rkle, ilicrefore,’
the men who organiz ! banks are men
of wide business ecperience, with
ample resources at their command
! and enjoying a large share of public
‘ confidence. Under ordinary circum
stances, when these conditions are
lacking, men either haven’t the cour
| age to organize a bank or they haven't
I,the luck to succeed at it. It would
' appear from this, therefore, that
‘when a set ol men who have had ab
‘solutely no experience of the sort re
quired in_successfully conducting a
bank, and who are lacking in the
! essential resources of means and
credit, undertake to put in operation
‘a business enterprise under the pre
tentious name of a bank, surely the
diffieulties in the way cf their success
“would a) pear well-nigh insurmount
'able. But such was just the unfa
' vorable condition under which this
| present enterprise had its birth. One
' point alone stood out prominently as
‘a hopeful indication in organizing
this enterprise, and that was the
| growing necessity for its existence.
|~ «Here we are, a people strong in
' numbers, advancing rapidly in every
' educational acquirement, entering
' here and there into the smailer busi
' ness avenues and eager to widen the
E field of our business operations, but
' unalterably handicapyped by prejudice
| which we could neither modify nor
' control. We had an army of salaried
| men and women drawing from the
| government every month, through
1 the public schools and the depart
' mental service, hundreds of thous
- ands of dollars, and a still larger army
' of honest, earnest wage-earners, who
' week by week received a large money
i return for their labor. There was
' absolutely no central rallying point
at which the monetary interest of the
colored people concentrated and
through which we could prove to the
world that we are capable of that
| sort of business development that
' makes a peojle respectable and re
s] ected.
l «It was uncer the impulse of senti-
1893.
ments
men n
in the
reside
the px
careftié
and o
a pu
cided
pse that six colored
%ll)er evening in 1888,
(H. P.Montgomery's
icity and discussed
ning a bank. They
A the arguments for
fad, being filled with
"something, they de
i _/ there to do it. One
of the number present happened to
know of a suitable place that could
be secured at once for our business.
We agreed to rent the place, and we
assessed ourselves for money enough
on the spot to pay a month’s rent in
advance. We had a place then, but
no business. We hadn’t a single dol
lar of stock sold or subsecribed for,
no deposits, no books, no tender of
cash from any source, no officers, no
clerks—in short, noanything but one
month’s rent and one year’s pluck.
A few meetings followed in quick
succession, and on Wednesday morn
ing, October 17, 1888, the door of
the Capital Savings Bank was swung
open at 804 F Street, and the publie
at large were asked to give us a share
of their confidence and their busi
ness.
«In some business circles our cour
age took the form of audacity, and
our bank was the quick sensation of
the hour.
“A bank with a colored president,
colored cashier, cclored clerks and
colored board of directors! <lmpos
sible!” said some. ‘Foolish,” said
some others. But we meant to sue
eed if success were possible and we
(,fmn’: «d right along just as if we had
a silent partner named Rothschild.
And how well have we succeeded?
Let’'s consult our books at this
period.
“The day we opened our doors for |
business our authorized capital stock |
was $6,000, though less than one- |
sixth of that amount had been paid |
in 1 actual cash. And after -having |
paid some expenses incident to get- |
ting into shape for business we started
out with less than SSCO in cash in the
drawer with which to do a general
banking business.” Within two and
a half months after we started the!
deposits had run up to §13,933. Dur
ing the next year, 1889, our deposits .
aggregated $117,186; in 1890 they
amounted to $210,499; 1891, $247,-
244: and for the first six months of!
the present year the deposits reached 1‘
the aggregate sum of slsB,2lB—more
than $26,000 a month, and a total of
deposits, up to the close of the pres
ent year, of more than $900,000.
This magnificent snm rej resents in
some degree the measure of confi
dence which the business public has
given us. The net results of our bus
iness transations have been equally
satisfactory and gratifying. With
no experience to guide us in the be
ginning, and having often to combat
the antagonism and meet the preju
“dices of unfriendly rivals in the same
line of business, it is not to be wen
dered at that we made some mistakes
and sustained some losses, but tlese
have been comparatively few.
«What we have accomplished in
these brief years has been accom
plished in the face of greater oppo
sition than we have any reason to ex
pect will confront us again. Noth
ing succeeds like success, and having
shown what is possible of accom
plishment in this direction, we con
fidéntially look forward to greater
success in the future.”
When a showing such as this can
be made from such unpromising be
ginnings in four years, it is safe to
conclude that these people have ca-
pacity for something higher than they
have yet been given credit for.
Besides the Capital savings bank
there are several private bankers here
who are conducting a prosperous
business, and the managers of the
True Reformers, who have a success
ful bank at Richmond, recently pur
chased a piece of property here for
$40,000, upon which they propose to
erect a bank building shortly.
T. Trnomas ForTUNE.
The Prince of Scoundrels
The prince of the scoundrels is not
an uncommon personage. He is at
home in all communities in more or
less number and plies his disreputa
ble practice with perfect ease and
impunity. Disgrace cuts no figure
in his economy. The law is no ter
ror to him, for he keeps beyond its
reach. He lacks the courage of a
highway robber or horse-thief. He
never breaks into a house or a busi
ness place at night to take the risk
of bemng shot down down in his in
iquity. He never forges a check or
draft with the chances of a term of
state’s prison staring Lim in ihe face.
He operates with more care, better
results and makes an easier living
than any other class of eriminals. In
looking for him one is not obliged to
wait for the shades of night to hear
his stealthy tread. He moves about
in the sunshine. You will sce him,
perhaps well dressed, in public places,
on the street, at public gatherings,
in the company of respectable people,
in chureh, in fact, evervywhere, for he
never shuns the light of day, which is
as grateful to him as to the balance
of mankind. The prince of scoun
drels is never molested or watched
by officers of the law. He gives
them but little trouble and never
cause their coming into collision with
him. He is a ecivilized thief and
would cheerfully lend a hand in lynch
ing the uucouth rasecal who would
dare to steal a loaf to satisfy the
cravings of bis appetite or to feed his
hungry children. He is a gentleman
by pretense, and delights in the
effort of making those he operates
upon believe such to be the fact.
The prince of scoundrels 1s the
man who always cultivates the smile
of honesty. The fellow who hates
labor, and who for eonvenience in his
business never owns more of this
world’s treasure than 1s exempt by
law from execution. He is the man
who goes to the grocer for his family
supplies and steals the man’s goods
on a promise to pay at the end of the
month. The fellow who calls upon
the baker, butcher, shoemaker, tailor
and dry goods merchant with a piti
ful story about hard times and the
scarcity of money. The fellow who
can never raise money enough to pay
his rent, and always changes his
place of residence with a snug little
balance in favor of his last landlord.
The fellow who smokes fine cigars
and enjoys good drinks on a jrcmise
to straighten out these little itcms
lateron. He is the man that requests
newspayers to be sent him for which
he pays in an oily promise to see you
shortly, but never calls; the man
loud in denunciation cf his neighbors
who understand and see through his
manipulations and refuse to be robbed
by him. In short, the prince of
scoundrels is the sneak thief who
preys upon all business men, by first
stealing their goods and property,
‘and then their confidence in human
} nature. - These specimens of humani
ty are beyond the reach of law and
lconstitute the smiling villians who
SUBSCRIPTION,
$2.00 PER YEAR.

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