Evidences of Progress Among Colored PeopleRichings, G. F.
History
Evidences of Progress Among Colored People
Richings, G. F.
African Americans
at 601 North Thirtieth Street, Richmond, Va., is a splendid enterprise,
that has been put on foot by such men as Rev. Evans Payne, R. F.
Tancil, Rev. W. S. Christian, E. A. Washington, Anderson Evans, R. J.
Bass, J. Henry Jones, who are the board of directors. In order that my
readers may get some idea of the method adopted by the Nickel Savings
Bank, I reproduce some matter that appeared on a circular handed me by
the cashier:
"The bank safe is a nickel-plated brass bank, with combination lock,
and is highly ornamental and convenient. All sizes of coin or paper
money can be put into it.
"These banks are loaned to anyone free of charge who has or will
deposit $1.50 with us (for which we give a pass-book); it being
understood that if you lose the bank, or fail to return it in
reasonably good condition when we call for it, we charge you $1.50 for
the box, but you may return it at any time and get all the money you
have on deposit. It is understood that in consideration of our loaning
you a bank free of charge you will deposit your savings with us once in
three months or oftener.
"Money deposited in this safe can be taken out only at the Nickel
Savings Bank, as they keep the key. When brought to us the safe is
opened and the amount is counted in your presence, and placed to your
credit on your pass-book.
"This is one of the best plans ever devised for encouraging economy
and frugality in children, as money once placed in the safe cannot be
taken out except at our bank, and there it must be deposited. At the
same time it gives a child valuable business experience, and the first
lessons of economy are more easily learned if the savings are for some
fixed or definite purpose.
"Laboring men and women who are able to lay aside a small amount daily
or weekly will find these safes the most convenient and effectual means
of accomplishing that end."
My object in reproducing a part of their circular is to furnish the
matter that it may be the incentive or suggestion to people in other
cities to start similar institutions for the benefit of the poor.
THE PLANET.
[Illustration: THE PLANET BUILDING.]
_The Planet_, published by John Mitchell, Jr., has, without doubt,
the largest circulation of any paper published by a colored man.
Had the South a few more men who are as brave as John Mitchell has
shown himself, the lynchings of the South would not have been so
numerous. _The Planet_ has not only the largest circulation, but _The
Planet_ office is the best-equipped printing establishment owned by
a colored man in this country. Mr. Mitchell has recently purchased a
dwelling-house at 311 North Fourth Street, Richmond, Va., and had the
house entirely made over to suit his purpose.
Public-domain text, read in full here on John Shaqi.
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