BANKING: Up From Slavery

Clustered in the 500-seat auditorium of Philadelphia's Chamber of Commerce, 150 well-dressed, solemn delegates met one day last week in the 14th annual convention of the tiniest national group in U. S. finance: the National Negro Bankers' Association. Through the day they listened to many a solemn paper on subjects that the august American Bankers Association might have scheduled: profitable use of FHA mortgages, handling of bond accounts, ways of boosting depressed bank earnings.

In 1899, shortly before the late great Booker T. Washington organized the National Negro Business League, there were two Negro banks. When N. N. B. A. was...

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