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Plans Made for Establishment of An “All-Colored” Drug Store, BOOKER WASHINGTON COMING Negroes Now Employing Serv ant of Own, Says Speaker, Wild With Delight. ‘The white people are, saying that there are no negro laborers that they can lay hands on In the South, Of course not. Because ‘the negroes are becoming able to hire servants themselves and are staying at home and seeing that their own domestic affairs are carried out right by the negro servants they them selves employ. Thus poke, Lawyer J Thomas New some, of Newport News, in the Negro Business League convention last night here. “The negroes, he said, “are dodging farm labor. You can't get them to work on a farm now because of the fact that they are decumulating something for the meders and buying their own farms and their own duties keep them at home watching the other negro laborers that they have hired,’ “The negroes right In this State are worth more than those of our men scat tered throughout the world, and I knew it from a careful examination of the an nual reports we get privately. This speech put the convention In an uproar, and the delegates were heardy themselves with delight, Newsome had spent several months to obtain his figures for the occasion, and they were well taken by the great throng of colored people who crowded the convention hall last night. Negroes to Form Drug Trust. Julia P. Hy. Coleman, of Newport News, delivered a speech on The Negro Drug gist.” At the conclusion of her remarks she suggested to the convention that since there are now negro female phar macists that there should be formed a solid colored drug store combination” among them. The suggestion was in stanty taken up, and the body referred it to the committees on the whole. There were several negro drugstore keepers present. I. T. Hill, the first negro bank cashier In America, made the following report: Bank Statement. Resources.—Loans and discounts, $500, 673.45; furniture and fixtures, $7,345.35 , checks and other cash items, $2,923.40; due from national bank, $17,878.12; due from State bank, $1,000.00; specie, nickles, etc. £ 4,112.94; paper currency, $41,226.00; overdrafts, $172.07; stocks, bonds and Mortgages, $2,617.18; real eslate, $85, 016.49; exchange for clearing house, $620.04; coin, $680.74; cashier's checks outstanding, $6.00; total, $665,180.70. Linbilltea—Capital stock paid In, $121,170.48; surplus fund, $82,722.00; un divided profity, $23,091.11. Individual de posita subject to check, $129,235.79; time certificates of deposit, $278,41.10; bills payable, $10,000.00; dividends unpaid, $100.51; total, $665,180.70. Combined statement of one of our in surance companies! Capital, $49,000; policies in force, $4,817,000; paid sick cialms and death clalms, $039,197.65; real estate, stocks and bonds, etc. 5,000); employes, $2,034; membership, 98,000; total paid since organization, $503,1%.45; deposited In State treasury, $40,000. Richmond has the only Incorporated business ‘college in America, Grand Fount, United Order of True Re formers, has a © benefited membership of 8.09 members; paid in sick claims, 0,000; paid death claims, $4,162,794.55; owns property to, the amount of $450,000. It operates five stores, doing an in creasing business, capital, $15,070; the Reformer plant jobbing printing, $2,000, Booker Washington Coming, Booker T. Washington had not arrived at 12 o'clock last night, but his fore runners were here at that hour and were expecting him. The Hey, W. FF. Graham delivered an address, declaring that the meeting marked the beginning of a new era for the negro and em phasizing the importance of the entry of his race into business life on a large scale. George EB. Taylor was appointed offi cial reporter of the convention, ‘
Newspaper Details
Richmond Times Dispatch
Richmond, Virginia, US
Thu, Nov 09, 1905
Page 10
Full Page
Clipped by
Anonymous
USA 16 Dec 2025
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