The Southern Age, of Atlanta, Ga., on February 6, 1897, among other things, says of W. C. Coleman: "The greatness of the man appears particularly in the way he makes obstacles and difficulties helps and not hindrances. He will rank with Abraham Lincoln as their practical friend and benefactor. One gave them freedom—the other will give them an industrial position."
CHAPTER XXXIV.
RICHMOND, VA.
This chapter is devoted to the business interests of the colored people in Richmond, and I am sure my readers will find it a valuable addition to my book.
RICHMOND BENEFICIAL AND INSURANCE COMPANY,
CAPITAL STOCK $5,000.
In July, 1894, a company of twenty men was formed and began this work with $200. They started against many odds; their chief opposers were the agents of white insurance companies.
Three years have told the story. They now have a membership of 15,000, and employ seventy persons as managers, clerks, and agents. They own their own property, a handsome three-story building, valued at $6,000, and every cent of it paid for. The worth of the company is $13,000. They are beginning to branch out in all cities of Virginia, and are very cautious and careful with their money, their intention being the founding of an organization that shall "stay" permanently, and are doing a business now of $30,000 yearly.