Harlem had been overbuilt with large apartments which the owners were unable to fill. The Lenox Avenue subway had not yet been built, and there was inadequate transportation into the area. As a result, most tenants preferred to live elsewhere. Philip A. Payton, a Negro real estate agent, told several of the owners, located on the east side of the district, that he could guarantee to provide them with regular tenants if they were willing to accept Negroes. Some of the landlords on East 134th Street accepted his offer, and he filled their buildings with Negro tenants. At first, whites did not notice. However, when Negroes spread west of Lenox Avenue, white resistance stiffened. The local residents formed a corporation to purchase the buildings inhabited by Negroes and to evict them. In turn, the Negroes responded by forming the Afro-American Realty Company, and they too bought out apartment buildings, evicted the white tenants, and rented the apartments to Negroes. White residents then put pressure on lending institutions not to provide mortgages to prospective Negro buyers. When one was able to buy a piece of property, regardless of how prosperous or orderly he might appear, local whites viewed it as an invasion, panicked, and moved out in droves. This left the banks, still unwilling to sell to Negroes, holding a large number of deserted properties. Eventually, they were compelled to sell these properties at deflated prices. During and immediately after the First World War, Negroes poured into Harlem, obtained high-paying jobs, and purchased their own real estate. Johnson believed that Harlem Negroes owned at least sixty million dollars worth of property, and this, he believed, would prevent the neighborhood from "degenerating into a slum." However, the great migration from the rural South had only just begun. As thousands upon thousands more poured into Chicago, Detroit, Milwaukee, Newark, Boston, Harlem, and other Northern centers, housing became increasingly scarce. Harlem, like the other Negro communities of the North, became more and more crowded. At the same time, jobs became harder to obtain. Poor "country cousins" streamed into "the promised land" to share in the "milk and honey," but, unfortunately, there was not enough to go around. As the Negro population of Harlem grew, white resistance and discrimination also increased. Although Johnson had been impressed with the wealth contained in Harlem, it was infinitesimal compared to the great sums of money held by whites downtown.