Note 131:9 — Chapter VI · NEGRO WEALTH OR POVERTY,—WHICH?

Among the Negro business interests are 64 banks which are often mentioned in Negro speeches. It seems, however, that two of them have failed. The total capital of these banks is said to be $1,500,000. In striking contrast are the 27,000 white banks with $2,162,900,000 capital. Petersburg, Negro settlement in Md., mentioned above, has two Negro stores with hardly $100 worth of goods, each.