Article Text
Although the prospect was not alluring, 80 great was the faith of Douglass B McCary in himself and in the future that he fitted himse'f by a thorough purse of training, for his chosen life work and when he bai graduated, the opportunity came. How well he has tiken a vantage of it, the success of Capital Savings Bank 80 well attests The Bank is now the owner of its splendid office building at 609 F Street, N. W., , containing some twenty office rooms heated by steam. It has & paid up capital of fifty thousand dollars and a considerable surplus, LEONARD C. BAILEY, Possibly theman to whom more than any other, the colored race owes a debt of gratitude for the fact that this splendid example of business ability within the race has been so well maintained is its treasurer, Leonard C. Bailey. Being a man of large resources and a wide business experience and acquaintsnce, he has from the start devoted himself and bis substantial credit to the success of this bank. During the terrible panic of 1893 he readily raised all the cash necessary to tide over the fright and enabled the bank to continuously meet all demands when much stronger institutions were crying for "quarter" and demanding "time" and "notice." Mr. Bailey is also the proprietor of reversl profitable barber abops, and 80 well established is his hold upon them that a visit to each once or twice daily is all that is necessary to keep the busines in profitable channels. a)