Negro Bank Deal
Brings On Trouble. . . Home Development Company Alleges That C.W. Brown Operates
Like a Slick White Lawyer
The movement to establish a Negro bank in Elizabeth City
doesn’t seem to be meeting with the unqualified approval of all the Negroes to
Elizabeth city. The Home Development Company has entered suit against C.W.
Brown, promoter of the bank, to recover from him the building which the bank
purposes to occupy.
The building in question is the old Citizens Bank building,
corner of Fearing and Poindexter Sts. The Home Development Company bought the
property in 1918 with a view to establishing a bank. The Home Development
Company was composed of J.R. Fleming, J.T. Doles, C.W. Brown, Dr. E.L. Hoffler,
Dr. G.W. Cardwell, W.A. Britton and Clyde Long.
The company avers in its complaint that C.W. Brown was
employed to get information relative to the methods for stabling a bank and
prospects for the operation of a bank for Negroes in this city. The company
avers that Brown brought them only discouraging information and advised them to
sell the property at a loss. They bought the property for $10,000. In October
of this year they sold it for $9,000 and C.W. Brown was the purchaser. Two
weeks after purchasing the property Brown announced the plans of the Albemarle
Bank, a Negro banking organization, to occupy the building about Dec. 20. The Home
Development Company is saying things about C.W. Brown, which indicates that
Brown has been taking lessons from certain lawyers of the white race in
Elizabeth City.
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