Feb 26, 2009 - Sale 2171

Sale 2171 - Lot 159

Price Realized: $ 270
?Final Price Realized includes Buyer’s Premium added to Hammer Price
Estimate: $ 400 - $ 600
(BUSINESS--NORTH CAROLINA.) SPAULDING, CHARLES CLINTON. Board of Directors Past and Present. North Carolina Mutual Life Insurance Co. of Durham, North Carolina, 1940. Silver print, 16- 1/4x22 inches. [Raleigh Durham, circa 1940]
Set Alert for Similar Items

Additional Details

Charles Clinton Spaulding (1874-1952), businessman and civic leader was only 26 years old when he was asked to help reorganize the foundering North Carolina Mutual and Provident Loan Company founded in 1898. By 1907 the company had more than 100,000 policy holders. It not only survived the Depression, but expanded when others were failing. Spaulding, an "unabashed capitalist" once told Time Magazine, "What we want is not Negro business, but businesses run by Negroes."