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Winston-Salem Chi
722-8624 Or 723-98
Ernest H. Pitt
Editor & Publisher
Isaac Carree. II
General Manager A
Melvin Eaton
Circulation Manage!
Winston-Salem, N.C.
1
The best advice we can offer on own bnanc
... successfully launching black capitalism could do
. ^ -y/ir. Hli in iL 11 'i , j' iVf ,'>k hundred m
:1 of a Lincoln penny: E Ftettnrs Unum . ~~ ihousand j
TKot 1-1--- r ~~i~
utav uwonB, iuu^iuv; iruin tne many nccRa smu
J comes one. . ' ?NobodyH
Almost e
It refers, of course, to the fact that black bank 1
many separate states make up one to the cit
""country, but it is also a valuable attempted t
suggestion, for those who would sue- never happ
ceed in business. The reas
Out of many, form one. One enter- best be ex
prise, one?venture, could be formed Jack Bond
through the efforts of many people, says sometl
provided they would work together. can be acc<
We suggest a black-owned bank. don't care 1
Instead of having ten potential 1 Consider
businessmen individually complaining washed bar
about the inequity of the system, let black bank c
them band together, and form their us will get
Give Students
On-Job Exp
Winston^Saleln State college with a liberal arts
University's chahcellor, degree only to find to their
Dr. H. Douglas Coving- dismay that an employer
ton, hit upon a very ser- can best use a mechanic or
ious problem recently a computer technician,
when he cited the distance Most of these students
between college students cannot satisfactorily anhere
and the business swer the question i What
.community. He suggested can you do?
that students should be It is a very simple
crivpn tho Anrvr>rl?i?lf.r moHor Wo ~ U ~
v w A A vviinvj tU lAiuvvvi f C 11CCU VU UC
experience , real-life job learning how to do someenvironments
in the busi- thing specific. We think it
ness community. In es- is a terrible waste of time
sence, he was calling for for a student to go fouron-the-job
training: We years of college and not
agree totally. know what he is trained
Finding a job when you for when he graduates,
have some experience is It is ironic that in the
bad enough, but finding -.last few years technical
one without it is next to training has been de-~
impossible. It is even emhasized in colleges and
1 more - difficult when you even high schools. The
neither lmpw what you Specific training that tcch
want to do nor what you nical curricula offer is
are capable of doing. precisely what is "needed.
We have seen too many Going to college has bestudents
graduate from come the American dream
OKI? GIANTS SI
A LOOK AT THOMAS J. BOWER
"...Thomas J. Bowers, b pleased with the natural
who, owing to his resembling musical qualities and with the
in the magnificent quality of accomplishments displayed
his voice that celebrated by their children, were such
Italian singer, has been styled strict church people as not to
by the press the 'American wish them to become public
Mario,' was born in Phila- performers. Recognizing the
delphia in the year 1836. pleasing, refining influence
When quite a lad he of music, they desired its
evinced a decided fondness practice by their children in
for music, and much musical the home-circle, for the most
talenf. His father, a man of Part? but w^rc not averse,?
consiaerablejntelligence, and However, to hearing its sweet
for twenty years the warden an^ sacred strains issue from
of St. Thomas's P.E. Church choir and organ in churchin
Philadelphia, being desir- services, Tior to having their
ous that his children should children take part in the
learn music, first procured a same.
piano and an instructor for Col. Wood, once the manhis
eldest son, John C. Bowers;
intending, after he be- _.
came competent so to do, MM 4 A
that he should teach the other V /%? C
children. This purpose was U1II1Q5 1 OU 'h
accomplished; and our sub- ^
ject was instructed by his
brother to perform upon the WAM
piano-forte and organ.
eighteen he had become I
somewhat proficient in the p B^^
playing of these instruments, ^^1 I qi II | o
aqd succeeded his brother as rUbLlUb I ti\
organist of St. Thomas's
Church. 190 BC? 15
I must not fail to mention it
here, that the younger of his a Unequalled
two sisters, Sarah Sedgwick he was also one of t
Bowers, became a fine singer. of all time /brough
In the rendering of classical slave he wassolEi
and all operatic music she '
exhibited much talent, was fr?d h.m/hcleft
of handsome appearance and lishedcountuesstiw
elicited very complimentary which served as moo
notices from the press. I shall srrL? F0R snjotNT
have the occasion to speak of
this lady at length here- ww'V? cacs^I ctccf
after.
The parents of the subject
of this sketch, although high- ^^^
RONICLE ?_Alict> In Winat
63
/
Alice was walking along
Diana Roberts SL2JS.
advertising Manager when she saw a little old
lady zig-zagging toward
her on a skateboard, holding
a pizza aloft in one
r hand.
"Excuse me," said
Alice. "Is this a soft drink
commercial?"
"Not at all," said the
^exaSly is your
, w . * AUVV . ""
iai institution. Ten people 'During food to the
it with $10,000 each. A 0ySt* \. waf rePf>^
uld-4ojt-with-$l.'X)0 -wtb?.A . Oh, 3tud Alice. _Do
aooplc could do it with--a you ^ tor a rg3^ury.
working minimum wage. r ? . .. ,.
i/' i - Z ti * T No, answered the old
has done it, thoughr-. , , ^ marve_verybodv
would agree that a . ..
would be a valuable addition lous' '.eally' You see oy,
, , sters live in shells. Theyty;
several groups^ have
o start one; but somehow it j ( j j j t ened.
H_1' J'
on is never happened can ?T?r?jJ [
pressed by a little plaque
keeps in his office, which ' I ! I ' 1 ! I \
King like: Almost anything I I _T 1
3ni{)lished, as long as you " * T : I I \S
who gets the credit. ! I J 1 . I . I _
the white-owned, white- . I ' ' ! 1 ,
iking industry, folks. If a * ;
ioesn't get formed, none of . . _. 1 .
any credit^ ?; 7 * - * I r
9 \
terience _ ~"fi L J^but
golbg to C6lk?g"e~fgF J T~( " ~
the sake of going is non- I
sense. Some of us need to - ) 1 1
know how to use our \ ?
hands as well as our I i
brains. No amount of ?
thinkincr or intpllprt.imliv- I
ing will build a house of~
repair a car or run a press ?\ . I
or make some money. /
We hope Dr. Covington
will take his program of \ I If) \
on-the-job work experi- \ -LLw ||l \ "
ence to the business com- I _ \
munity and get some sup- )J )
port. We will certainly be i ri i ._/T /
the first to participate to I?/?
the best of our abilities TT IB \ "~H
and we encourage every I I I
other business to do the 110 /
same. We also encourage I I K _/
our high schools to do 111/ I
more in the way of techni- I I D I?? \cal
education; you may not ^ -- -I j jt '
grow up to be the Presi- I ,
dent but you will stand a I II
better chance of getting a I, III M I
j?b- JUUUUIIl 'iij J
I'EAK I ?
THE UUC<
s
ager of the Cincinnati Mu
seum, hearing of the remark- ff T MB
able singing qualities of Mr. m Km/) ml
Bowers, came to Philadel- ^
phia to hear him. He was so
much pleased, that he entered
into an engagement with him
to make a concert tour of
New York State and the Can
adas. This was in company li^ Jl-my? w-m n
with Miss Sarah Taylor
Greenfield, the famous song- ^
stress. The great vocal ability
as well as the novelty formed
by the complexions of this Redlining is a longcouple
produced quite a sen- standing practice that is one
sation, and secured for them ?f causes for the
great success wherever they deterioration of inner-cities,
appeared . " Finally, the federal goveriment
is beginning to move
~1*??????? against it.
1^ _ ? Simply defined, redlining is
rlMil 1/1 V MAt# re^usal ?* financial inmnilin
RIIOw stitutions to make mortgage
loans on homes in certain
areas. Needless to say those
areas are usually minority
t B neighborhoods, or neighr
m Bar borhoods that are integrated
I | nr in trancifirkn TVio
w V* MIIUIVIW1I. I It IC1
^ ^ refers to the red line that is
CKrTU io a ccd figuratively drawn around
CLIN I lUO Altn the affected neighborhood.
with loans refused to
9 BC property owners whose
among lai in POErs buildings are within the
redlined section
he greatest mumanists A pioneering study by the
t to rome as an african National Urban League some
*rned that his master 0 years back documented
redlining in the Bronx Local
six major plays- 'pub- financial institutions were
its in all languages )- taking deposits from Bronx
cu> or rmwLtss latin residents, but made very few
mortgage loans in the bronx
laywritcswcluoino _ ^ q{ ^ ^ ^
?o a horace / out of state. In effect, low
income depositor! were
f - subsidizing wealthy distant *
communities through mcr
>
"
"T J ' - V -I -? t
onland
Easy Rider
re shut-ins. They don't "Nobody / knows,"
have any legs, so they smiled the old lady,
can't walk to restaurants. "Then how do they
They don't have arms, so know how much money
they can't cook. Well, you need?" asked Alice,
somebody has to see tht "Why, I tell them, of
they get fed, don't they?" course," said the old lady.
"Certainly," Alice a- "" "But how do they know
greed. "And you do this if you're telling the
with your money?" truth?" asked Alice.
"Oh, dear me no," said , , ., .
the old lady. -I do it with ,old, 'a^yt smd?f
your money.'' Thef don ?ut dody
,4f ^ . _ r<r>?v> rvlomn A f*"- ?1 1
1 nrcr vni?p nnrrlnn?" wtupiaiiu. ruuci till X tLIIl?
"' "Ngver S".' I*
am giveu iula uf muiiey to pjwrT nnimn
buy oyster food. Thou-, 00'
sands and thousands of "No. Myself. I am one
dollarsv!' senior citizen who will "To
feed how many- never need social acciirityT^
oysters?" asked Alice. I have enough money to ~
"Can't tell you/* was last acentury, No -food
the7reply. ? stamps for me!"
"Well, what do oysters "You and Richard ..Nieat?"
- xon," sighed Alice.
11 I' ? '| |1
?i t i i 'i r?
DAY'S AIR QUALITY i j~r
RATED ACCEPTABLE (
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I I I I 1 1??
-??^?| . i1 fly 1 ? / i
iii1 * I I
J | I
' '
3U.ECTED <S> l<m_?
qua! I
by Vernon Jordan ^Lt
* Hurts Poor Most j
tgages they themselves were deterioration, the age of the ai
denied. building, or other seemingly ir
Since that study there have neutral reasons. tl
been ipany others, in various Now the Federal Home ir
parts of the country All point Loan Bank Board, which t$
to the same conclusion ? that regulates the nation's more d<
some financial institutions than 4,000 saving and loan n
persistently refuse to make institutions, has proposed nev si
mortgage loans in neigh- rules to curb redlining, the n
borhoods that have large Board would require member
numbers of minority people, institutions to develop written ji
and nftpn rerHiwtt ...u:*
wmie standards to ensure equal in
working class sections too opportunity in home finan- rr
What happens when an ring, review advertising and A
area is redlined? Cut off from marketing practices, con- P
conventional mortgage sider all relevant factors in U1
credit, owners cannot afford considering mortgage loans, ai
to maintain their buildings and to keep written records of
Houses deteriorate, people au credit applications for
move out, the blight spreads review and monitoring by the a'
block by block, and then the Board th
final blow of abandonment Under these rules people 8'
occurs wouldn't be denied mortgage s*
The devastation of the credit solely because of their
South Bronx is now well* lack of previous
known; less well-known is the homeownership, educational c?
process that creates the levels, or a history of job- ?t
South Bronxes And redlining :hanging. And maintenance r?
is one of the steps in that jf adequate record keeping fc
process. ?vill mean that information
Federal laws prohibit often hard to come by will o|
discrimination in mortgage now be available to the c<
lending, but are relatively federal regulators W
ineffective against redlining, The Bank Board can en- a
since mortgages are refused force its regulations through r
on the basis of neighborhood "cease and desist" orders h?
- -VT V -f V r -Tf - r'* -. ^ . - .
^ * ~ u u ^ ^ o
-St '
fi*.?wj^f..wi>BBraaBBaBaMaBaBK??^Kag?'g^?iw<reTOK^argmj>jM>i?%ui??pnp3nt?!?w?i??w?
Loans with Conditions to Developing Nations
* ? *-?.?
[For Classroom
| I | 1 and Group Discussion]
/
L?*? Economists linked with
i l | 1 organizations such as the
- ( j ^ j * -p World Bank have estimated
I ' I I I that 45 percent of the sum
j I . 1 . I . 1 given annually to developing
countries through multi__
lateral institutions from the
?p^ developed nations only repl
1 resents normal private
1 t 1 | loans, worked out in accords
- i. it ance with market conditions
> and with high interest rates.
Further, tnese loans are
conditional on the develop.
v ' irig countries using them to
IZZZT purchase products from the
lender-countries, meaning
, -? - , - that, the wealthy nations
" '" ~? ;?? ainasft huge debts.
How can the Third World
- ' <_ ? countries embark on eco
3\ nomic development under
' i such conditions? According
i t- to World Bank forecasts,
1.1. payments in respect of pubi
I lie foreign debts for the peri
t I od 1972 1981 will rise to $66
Million. At the end of that
:; i period, that is to say in 1981,
. 1 I 1 debt servicing alone will
ill absorb 71 percent of gross
. 1 . 1 P outlay. If one adds to this
L_ r the actual dollar profits, one
I may see the paradox that it
. j is the Third World,countries
\ which supply capital to the
J industrialized countries and
( not the reverse.
I I Some few countries, now/
ever, grant credits and
other forms of mutual assis_tance
to_the developing
countries on the basis of
| respect for their right to
I economic independence.
-1 fcl?_? 11 ? "doubtless should?become
I normal practice, since first
and foremost, this help is
intended to facilitate the
I creation of an industrial
base which allows these
. countries to emerge from
111 X *0 1111V. under development.
The volume of this kind of
self-help aid is increasing
-a yearly. The5F"helper" member
nations were giving
mutual assistance to 34
?bAGK M&DIA IMC. developing countries in 1962
and to 63 in 1973. About
2,900 industrial complexes
and about 650 electric power
plants have been or are
I being built in developing
COlintrif?? U/ith wnnnmi/> ani-l
.... ?IVII VVV/IIVIIUV UI1U
technical from the
they concluded 130 new econopnic
and technical cooperaw
tion agreements with deuJBveloping
countries. The
k* 'jSS plants constructed become
K ^ the state property of the
countries concerned, allow
ing them to develop the
public sector and strengthen
nd court orders forcing an their economic sovereignty,
istitution to stop Violating Such nations as the
iem. For the first time. U.S. A., Great Britain. West
istitutions refusing mor- Germany and Japan are engage
credit will have to couraged to adopt the
ocument the reasons for that "helper nation" philosophy
jfusal ? in itself a major in lending to under-detep
that should retard veloped countries.
?dlining.
the regulations are still
ist proposals. They won't go
to effect for 60 days and
lay be altered in the interim.
nd there will be plenty of
ressure on the board to ease "World Scene"
p both on the regulations Kev Questions:
nd on their ultimate en- Jn What ways are the
ircement. interests of black
But if the Administration is Americans and Third
t all serious about helping World Peoples dealt
le cities, it will stick to its with in the above mate ins.
keep the regulations rials?
rong and enforce them 2. What practical things
nctly. The new regulations does it appear, in the
re to be welcomed, but material, that
innot be a substitute for deenlv j
i / - J
? rv tuuccroca
.ner leaerai actions to direct groups tnd individuals
'investment in the cities or may do to protect black
ir a national urban policy and Third World Interlat
would upgrade housing ests?
oportunities and living 3 What other Usue|
editions for the poor. raised dealing with the
ithout such a policy there is best interests of our
danger that the anti- nation as a whole?
>dlirpng steps will just assist
e process of recycling