| Banks | Presidents |
| C. H. Anderson Co., Bankers, Jacksonville, Fla. | C. H. Anderson |
| Atlanta State Savings Bank, Atlanta, Ga., | J. A. Ross |
| Auburn Savings Corporation, Atlanta, Ga., | B. J. Davis |
| Central State Bank, Gary, Ind., | W. C. Hueston |
| Citizens State Banking Co., New Orleans, La., | J. H. Lowery |
| Citizens & Southern Banking Co., Phila., Pa., | R. R. Smith, Sr. |
| Charleston Mutual Savings Bank, | (not informed) |
| Crawford Bank, Boston, Mass., | David Crawford |
| Crown Savings Bank, Newport News, Va., | (not informed) |
| {120}Farmers & Merchants Bank, Boley, Okla., | D. J. Turner |
| Farmers Improvement Bank, Waco, Texas, | R. L. Smith |
| Fraternal Bank & Trust Co., Forth Worth, Texas, | Thomas Mason |
| Mechanics Savings Bank, Richmond, Va., | John Mitchell, Jr. |
| Mechanics & Farmers Bank, Durham, N. C., | W. G. Pearson |
| Mound Bayou State Bank, Mound Bayou, Miss., | D. A. Carr. |
| Peoples Federation Bank, Charleston, S. C., | W. H. Johnson |
| One Cent Savings Bank, Nashville, Tenn., | R. H. Boyd |
| Penny Savings & Loan and Investment Co., Augusta, Ga., | R. S. Williams. |
| Northcross & Curtis Bank, Detroit, Mich., | Dr. Northcross. |
| Savannah Savings & R. E. Corp’n, Savannah, Ga., | W. S. Scott. |
| Industrial Savings Bank, Washington, D.C., | J. W. Lewis. |
| Fraternal Savings Bank, Memphis, Tenn., | J. J. Scott. |
| Tide Water Bank & Trust Co., Norfolk, Va., | P. B. Young |
| Steel City Bank, Pittsburgh, Pa., | (not informed) |
| Tuskegee Institute Savings Bank, Tuskegee, Ala., | Warren Logan. |
| Modern Savings & Trust Co., Pittsburgh, Pa., | J. H. Phillips |
“The Allied Bankers’ Corporation will serve as a clearing house for banks, life and fire insurances companies, manufacturing companies and for business generally. The enterprise is to be owned by and operated wholly in the interest of and for the economic development of the Race.” This quotation is extracted from an article that appeared in the December 11, 1920 issue of the Chicago Defender. In speaking of this movement, the article further stated that a group of Colored bankers and business men were combining in forming and having incorporated a one million dollar concern to be known as the Allied Bankers and Industrial Corporation.
“Application for charter has already been made by the following bankers and business men: L. E. Williams, president Wage Earners’ Savings Bank, Savannah, Ga.; Harry E. Pace, formerly secretary-treasurer Standard Life Insurance Company, now president of Pace Phonograph company, New York City; E. C. Brown, president of Brown & Stevens, bankers, Philadelphia, Pa., and president Quality Amusement Corporation; John E. Nail, of Nail & Parker, real estate dealers, New York City; J. S. Jones, secretary-treasurer Tidewater Bank and Trust Company, Norfolk, Va.; Charles Banks, Mound Bayou, Miss., and Emmett J. Scott, formerly assistant to Secretary of War Baker and now secretary-treasurer of Howard University.”
IN REAL ESTATE.
WITHIN the past twenty years Colored real estate owners and brokers throughout the country have made real estate deals running up into millions of dollars. Some of the heaviest transactions have been made by Nail & Parker, New York City, Watt Terry, Brocton, Mass., and New York City, the late P. A. Payton, New York City, A. F. Herndon, Atlanta, Ga., R. L. Smith, Waco, Texas, Brown & Stevens, Phila., Pa., Jesse Binga, Chicago, Ill., M. L. Harris, Washington, D.C., H. M. Burkett, Baltimore, Md., W. Lewis, C. Tolson, Baltimore, Md., R. H. Watterford, Gary, Ind., J. T. Jackson, Germantown, Pa., S. J. Jones, Phila., Pa., H. Rudduth, Cincinnati, Ohio, Isadore Martin, Phila., Pa., J. L. Slaughter & Co., Faulkner & Cook Co., Anderson & Terrell Co., Harvey Watkins Co., Chicago, Ill., McKinley, Walker and DeVeille, Washington, D.C., P. H. Sykes, Phila., Pa.
According to an article that appeared on page 53 in the May 1920 issue of The Crisis, Nail & Parker, New York real estate brokers, handle over a million dollars yearly in rentals and commissions. During the year 1919 Colored people purchased over four million dollars worth of property in the Harlem section of New York City. But what is said to have been the largest real estate transaction ever made in the United States at one time by Colored people was when six large modern De Luxe Elevator Apartments, that had been constructed on West 141st and 142nd Street, New York City at a cost of one million five hundred thousand dollars, were purchased by an organized group of Negro business men. (Ref. Work’s Negro Year Book, 1918-1919 edition, page 3).
Through his personal research work in the following cities, the writer has been able to uncover from among the many thousands of Colored business people throughout America, the following unusually successful business Colored men and women each reputed able to write his or her personal check for twenty-five thousand dollars; nearly all of them have saved a fortune of fifty thousand dollars; a large number of them have reached the one hundred thousand dollar mark; numbers of them have two hundred fifty thousand dollars to their credits; many of them count their wealth up to five hundred thousand dollars and quite a few of them own over a million dollars in cash and property. But in reading this list let the readers say, as the Queen of Sheba said when she paid a visit to King Solomon and viewed his wealthy kingdom, “The half has not been told.” Because the author would remind the reader that all over the United States there are just as successful and wealthy Colored business men and women whose names do not appear in this list simply because he was unable to locate such names during his much handicapped research work.
