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Scripto | Transcribe Page
Proceedings of the Colored National Convention, held in Franklin Hall, Sixth Street, Below Arch, Philadelphia, October 16th, 17th and 18th, 1855.
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similar ends, notwithstanding disabilities. If we can live in this country, bidding defiance to its wicked laws, we can do anything that prosperity requires at our hands.
As a further means of advancement, this Convention might recommend to the different cities, and towns, Trades Unions on a small scale, or as your Committee would call them, Copartnerships, say from three to five in each business as the parties might prefer to engage; on the principle of division of labor and division of profits according to capability—looking to it that their financial man and book-keeper be looked up to as an index of security—and let all the partners in the Union work to make the Capital pay if possible 25 per cent.—and keep on until the Investment becomes a paying one: and thus show the fallaciousness of the 6 per cent. idea of Savings Bank investments. A Thousand Dollars might in a judicious outlay In a lucrative business pay from 25 to 75 per cent.
Your Committee have seen sufficient, by clear evidence, to guarantee the opinion, that our people in Ohio, Illinois, and Michigan, in active business, (aside from Agriculture,) have $1,500,000; In Massachusetts, Maine, Rhode Island and Connecticut, $2,000,000; in New York and Pennsylvania, $3,000,000; and California, $200,000; saying nothing of the Six Hundred Thousand Dollars invested in Savings Banks in and around New York, and its vicinity, and also similar amounts around other cities.
The youth who has the spirit of accumulation, and is intelligent with figures and the Pen, having saved something as a beginning in life, ought like the whites buy goods and venture his turn in the stream of trade and business. They would find by perseverence that in time they would receive the reward they merit, and the true principle of personal elevation brought to the common stock to destroy the barriers around our feet.
With these remarks, your Committee submit the following statistics:
Working at their Trades and Professions.
Carpenter 1; Engineer 1; Tailor 1; Tailoresses and Seamstresses 5; Dressmakers 6; Captains 2; School Teachers 3; Clergymen 3; Musicians 3; Farmers 16; Shipbuilder 1;—Total 41.
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