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The Journal of Negro History, Volume 1, 1916

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Author: Various Authors
Published: 1916
Language: English
Wordcount: 170,927 / 520 pg
Flesch-Kincaid Reading Ease: 61.1
LoC Category: D
Downloads: 2,046
Added to site: 2004.11.15
mnybks.net#: 9282
Excerpt

the world.[29] Their friends endeavored to enable them through schools, churches and industries to embrace every opportunity to rise. These 2,255 Negroes accumulated, largely during this period, $209,000 worth of property, exclusive of personal effects and three churches valued at $19,000. Some of this wealth consisted of land purchased in Ohio and Indiana. Furthermore, in 1839 certain colored men of the city organized "The Iron Chest Company," a real estate firm, which built three brick buildings and rented them to white men. One man, who a few years prior to 1840 had thought it useless to accumulate wealth from which he might be driven away, had changed his mind and purchased $6,000 worth of real estate. Another Negro, who had paid $5,000 for himself and family, had bought a home worth $800 or $1,000. A freedman, who was a slave until he was twenty-four years old, then had two lots worth $10,000, paid a tax of $40 and had 320 acres of land in Mercer County. Another, who was worth only $3,000 in 1836, had s

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