?Final Price Realized includes Buyer’s Premium added to Hammer Price
Estimate: $ 1,000 - $ 1,500
THE MAN WHO MADE HARLEM BLACK (BUSINESS.) Payton Jr., Philip A. A Short History of the Afro-American Realty Company. Typescript on 7 folio sheets; Signed by Payton at the conclusion. with--ALS from Payton to Dr. Gould, enclosing the above mentioned typescript. One page, 4to. New York, 1907
In 1904, Philip Payton hit upon a solution to help Blacks who were encountering difficulties in renting decent housing. The plan was simple: Buy the buildings and rent to Blacks. He referred to the process as "colonization." Payton was a pioneer in this effort and was able to buy several houses on Strivers' Row. By advertising on the subways and elevated trains, and by word-of-mouth, Payton and his partners attracted Blacks to Harlem. Payton's "History" outlines the progress of the Afro-American Realty Company. The "History" was itself an advertising piece, put together by Payton and his secretary-treasurer Fred W. Moore in an effort to solicit funds needed to bail the company out of financial difficulties. The letter accompanying this copy of "History" is addressed to a man with whom Payton was to meet, presumably in an effort to get funding. It was a noble experiment, but Payton's company collapsed in 1908, but not before his efforts had attracted thousands of Southern Blacks to Harlem.
Exhibition Hours
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