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Mechanics Savings Bank
Founded in 1902 by John Mitchell, Jr., Mechanics Savings Bank was a bank in the Jackson Ward neighborhood of Richmond, Virginia. Mitchell, who was an African American, also owned and edited the ''Richmond Planet''. In 1905 the bank bought a three-story brick building at No. 310 East Broad Street. The bank's Clay Street and Third building was designed by architect Carl Ruehrmund and constructed in 1910. The bank was the chief depository of the Knights of Pythias The Knights of Pythias is a fraternal organization and secret society founded in Washington, D.C., on . The Knights of Pythias is the first fraternal organization to receive a charter under an act of the United States Congress. It was founded .... At the time of its failure in 1922, the bank had deposits totaling approximately $500,000. In 1930, the Clay Street Building was purchased by the Southern Aid and Insurance Company. References Banks based in Virginia Banks established in 1902 1902 establishments ...
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212 - 214 East Clay Street (6029584647)
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest positive integer. It is also sometimes considered the first of the infinite sequence of natural numbers, followed by  2, although by other definitions 1 is the second natural number, following  0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally accepted until the mid-20th century. Additionally, 1 ...
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John Mitchell Jr
John Mitchell Jr. (July 11, 1863 – December 3, 1929) was an American businessman, newspaper editor, African American civil rights activist, and politician in Richmond, Virginia, particularly in Richmond's Jackson Ward, which became known as the "Black Wall Street of America." As editor of the '' Richmond Planet'', he frequently published articles in favor of racial equality. In 1904, he organized a black boycott of the city's segregated trolley system. He founded and served as president of Mechanics Savings Bank. An impressive building was constructed for the Bank on Clay Street and newspaper ads featured Mitchell Jr. He also served as a city alderman for two terms, and was active in fraternal and professional organizations. He ran unsuccessfully as a Republican Party candidate for governor in 1921. Early life and education Mitchell was born a slave in Richmond, Virginia in 1863, shortly before the end of the American Civil War and of slavery.
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Mechanics Savings Bank Board
Mechanics (from Ancient Greek: μηχανική, ''mēkhanikḗ'', "of machines") is the area of mathematics and physics concerned with the relationships between force, matter, and motion among physical objects. Forces applied to objects result in displacements, or changes of an object's position relative to its environment. Theoretical expositions of this branch of physics has its origins in Ancient Greece, for instance, in the writings of Aristotle and Archimedes (see History of classical mechanics and Timeline of classical mechanics). During the early modern period, scientists such as Galileo, Kepler, Huygens, and Newton laid the foundation for what is now known as classical mechanics. As a branch of classical physics, mechanics deals with bodies that are either at rest or are moving with velocities significantly less than the speed of light. It can also be defined as the physical science that deals with the motion of and forces on bodies not in the quantum realm. His ...
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John Mitchell, Jr
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died c. AD 30), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (lived c. AD 30), one of the twelve apostles of Jesus * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope John ...
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Jackson Ward
Jackson Ward is a historically African-American district in Richmond, Virginia with a long tradition of African-American businesses. It is located less than a mile from the Virginia State Capitol, sitting to the west of Court End and north of Broad Street (Richmond, Virginia), Broad Street. It was listed as a National Historic Landmark District in 1978. "Jackson Ward" was originally the name of the area's political district within the city, or Wards of the United States, ward, from 1871 to 1905, yet has remained in use long after losing its original meaning. History Center of black commerce, entertainment and religion After the American Civil War, previously free blacks joined freed slaves and their descendants and created a thriving African-American business community, and became known as the "Black Wall Street of America." Leaders included such influential people as John Mitchell, Jr., newspaper editor, editor of the ''Richmond Planet'', an African American newspaper, and Maggie ...
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Richmond, Virginia
(Thus do we reach the stars) , image_map = , mapsize = 250 px , map_caption = Location within Virginia , pushpin_map = Virginia#USA , pushpin_label = Richmond , pushpin_map_caption = Location within Virginia##Location within the contiguous United States , pushpin_relief = yes , coordinates = , subdivision_type = Country , subdivision_name = , subdivision_type1 = U.S. state, State , subdivision_name1 = , established_date = 1742 , , named_for = Richmond, London, Richmond, United Kingdom , government_type = , leader_title = List of mayors of Richmond, Virginia, Mayor , leader_name = Levar Stoney (Democratic Party (United States), D) , total_type = City , area_magnitude = 1 E8 , area_total_sq_mi = 62.57 , area_land_sq_mi = 59.92 , area_ ...
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Richmond Planet
''Richmond Planet'' was an African-American newspaper in Richmond, Virginia. The paper was founded in 1882 gathering in an upper room of a building located near the corner of Third and Broad streets thirteen former slaves (James H. Hayes, James H. Johnston, E.R. Carter, Walter Fitzhugh, George W. Lewis, James E. Robinson, Henry Hucles, Albert V. Norrell, Benjamin A. Graves, James E. Merriweather, Edward A. Randolph, William H. Andrews and Reuben T. Hill) pooled their meager resources and started America’s oldest Negro newspaper on a career which was destined to play an important part in molding the opinions of Negroes in this city, state and nation. . It was edited first by Edwin Archer Randolph and then by John Mitchell, Jr. from 1884 until his death in 1929. Mitchell was also president of the National Afro-American Press Association and the founder and president of Mechanics Savings Bank. By 1904 The Planet had reached a weekly circulation of 4,200. The paper continued public ...
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Carl Ruehrmund
Carl August Ruehrmund (September 22, 1855 – October 25, 1927) was a German-born architect who worked briefly in Germany and then immigrated to the United States, establishing a successful practice and legacy in Richmond, Virginia. Ruehrmund was born in Berlin, Germany and studied architecture and engineering at the Royal Academy in Berlin. He began his career working on German government projects before immigrating to the United States in 1881. Ruehrmund came to Richmond around 1882 to oversee the remodelling of the Central Post Office. He worked with Albert Lybrock in Richmond before Lybrock's death in 1896. Ruehrmund was the father of Max Ruehrmund and uncle of architect Carl Linder (architect), Carl Linder and developer Charles Phillips (developer), Charles Phillips. He and his firm produced a large number of residential, commercial, religious and public buildings.
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Knights Of Pythias
The Knights of Pythias is a fraternal organization and secret society founded in Washington, D.C., on . The Knights of Pythias is the first fraternal organization to receive a charter under an act of the United States Congress. It was founded by Justus H. Rathbone, who had been inspired by a play by the Irish poet John Banim about the legend of Damon and Pythias. This legend illustrates the ideals of loyalty, honor, and friendship that are the center of the order. The order had over 2,000 lodges in the United States and around the world, with a total membership of over 50,000 in 2003. Some lodges meet in structures referred to as Pythian Castles. Organization The structure of the Knights of Pythias is three-tiered. The local units are called "Subordinate Lodges." State and provincial organizations are called "Grand Lodges" and the national structure is called the "Supreme Lodge" and meets in convention biennially. The officers of the Supreme Lodge include the sitting Past ...
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Southern Aid And Insurance Company
The Southern Aid and Insurance Company is an insurance company that was founded in 1893, 28 years after the end of the American Civil War, by a group of black men (American men of African ancestry) in Richmond, Virginia. The purpose was to furnish adequate and affordable insurance protection to African-Americans. The company was the first chartered insurance company organized by blacks in the United States and had the distinction of being the oldest black owned and operated insurance company in the nation. It was also the largest African-American insurance company in the United States at one time. The company's name was later changed to the Southern Aid Society of Virginia which was the forerunner of the Southern Aid Life Insurance Company that sold Life insurance. The Company's first President was Z. D. Lewis (1859–1926). The company wrote insurance for industrial life, accident and sick benefits insurance. They were licensed in New Jersey, Virginia and District of Columbi ...
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Banks Based In Virginia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Banks Established In 1902
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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