Booker T. Washington, Builder o - African American History
Booker T. Washington, Builder o - African American History
Booker T. Washington, Builder o - African American History
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<strong>Booker</strong> T. <strong>Washington</strong>, <strong>Builder</strong> of a Civilization. 150<br />
mortality, good judgment in the selection of risks, prompt payment of claims,<br />
careful management, and a sound financial condition. By means of this<br />
company, known as the Standard Life Insurance Company, life insurance may<br />
be had by any Negro under the same conditions, with the same degree of<br />
security, and at the same rates as a white man.<br />
Among the other notably successful Negro business<br />
Page 205<br />
men who have told their stories at meetings of the league are the following:<br />
Victor H. Tulane, of Montgomery, Ala., whose story of small beginnings and<br />
present success stirred his fellows at a meeting of the league. Mr. Tulane<br />
entered the grocery business twenty-five years ago, a business that any<br />
ambitious man of his race may enter, requiring small capital but unlimited<br />
patience and close attention to business. He now owns considerable property,<br />
and is a factor in all matters that concern his race in Montgomery, being<br />
regarded by white and colored citizens alike as Montgomery's first colored<br />
citizen. Mr. Tulane says: "Twenty-five years ago I was a renter; to-day I am<br />
landlord of not a few tenants. Twenty-five years ago my stock represented less<br />
than a hundred dollars; at the present time it values several thousands. Twentyfive<br />
years ago I had but one helper--a small boy; to-day I employ on an average<br />
of seven assistants the year round, excluding my wife and self. Twenty-five<br />
years ago I bought lard in five-pound quantities; to-day I purchase by the barrel.<br />
Twenty-five years ago I bought salt in ten-cent quantities; at present I buy it in<br />
ton lots. Twenty-three years ago I was unable to secure credit to the amount of<br />
three dollars, but since that period the very house that then refused me has<br />
credited me at one time with several hundred times this amount, and to-day it is<br />
not, how much do you owe?--but, how much do you want? Twenty years ago<br />
my business barely required the service of one horse and wagon; at present it<br />
demands the use of several. Twenty years ago I did an annual business of<br />
Page 206<br />
something less than a thousand dollars; during several years since that time the<br />
value of my business has exceeded $40,000 per year." It is Mr. Tulane's boast<br />
that he has not been denied credit during his business career except the one time<br />
mentioned above, and that he has never been threatened or sued in connection<br />
with the collection of a debt.<br />
24.03.2006