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I Cannolene Zove 1)•' ':)"ll i ~ 1 nn:" o· il"ll i \./~.0A~ Bl O ' • '\I • Negroes' Own Fault, Leader Says As C of C Launches Money Drive \ By·LAURENCE GWIN Atlanta Negro-owned manufacturer of hair products-the Cannolene Co.-will top the $1 million sales mark in 1969, according to predictions by com- · pany officials. Atlant1 Journal Bu:.in e:u Writer Robert 0 . Cannon, president Is there a "black money curtain" in Atlanta which deters of the firm, said the big sales Negroes from getting ass istance they need to enter the main- rise-more than 700 per cent over 1968- began when the firm stream o! capitalism? . . . and we also hope to get expanded into the national marOne of the leading Negro busi- successful Negroes to encourage : ket three years ago. ness executives in Atlanta says other Negroes." " "yes." Although not completely outWe are now able to take "But it's par,tly the fault of lined, the program will have two ~ull advantage_ of the g_reatly hases he sa'd "You h llnproved earnmg power m the , the black community," said T. P , . ave N k t ,, 'd M. Alexander Jr., wbo in addi- money on one side ·and candi- I egro m ar -e ,. sa1 Cannon, dates on the other- a nd these wh~se company_ manufactures tion to having financial ties in various Atlanta projects, is with have to be matched. Especially a !me of 13 different beauty when less than $5 ooo is in- products for the ethnic market the Courts and Co. brokerage volve~, . the percent;ges go out in the South and maj~r metro firm. the wmdow. You're backinrr the centers across the nat10n. 0 Alexander noted that although individual." · The firm has devised a way the fault does not lie with the THE LATTER PHASE will be for students at Carver Vocabanks totally, "it is a psychological fact that when a bl ack per- to provide counseling and inana- tional School to reap benefits son gets turned down on a loan gerial coaching for the appli- from one of its new lines by by a black bank - and because cants " so that they may learn having pupils manufacture disof the restricted caoital of these the ins and outs of the busi- tinctive burlap bags for its cologne and after-shave lotion. banks they most times have no ness." choice but ,to be more careful in Dickso·n, a_lt~~ugh not seeing a · Cannon also gave credit to higher r isk areas - these peo- sep~r_ate d1v1swn fo~'.n~lated, the F. W. Woolworth Co. for i pie would naturally feel they env1s~ons that banks will ~g- its "candid suggestions" for I wouldn' t have a· .chance to get gres~1v,ely } o after worth:':l11ie improvement of packaging and ! money from a white bank .. . a~plicants. He_ added that this m erchandisine1 generally. will ,not be c1 giveaway- but we _ _ _ __ "'_ _ _ _ _ __ .aind they don't try." are going to genuinely try and r Another problem he coman at mosphere whereby ber , the local chapter of l mented on was that blacks seek- create the black community· can enter NAACP, the Atlanta Business '. ing financial aid " just do not the mainstream of capitalism." League , the Atlanta University · have the records and r eports In conn ection wi~h this, the School of Busi ness, the Urban 1 filed on them, and the instituCommunity Relations Commis- League and the Small Business 1 tions don't have enough inforsion has announced pla ns fo r a Administration. i rnation to be able to m ake the workshop to be held Feb. 20 at · "The primary goal of the i decisions ." Atlanta University's School of workshop is to . involve Atlanta Negroes \vho are interested in OFTEN when a Negro applies Business. for financial assistance, the The Workshop on Black Busi- becoming- owner-managers of . banks will ask him to fill out a ness Opportunities will be co- business in Atlanta ," CRC exfinancial sta tement, Alexander spomor1:;d by the-Atlanta cham- ecutive director ·at Welch said. said. "And he thinks this was , Tuesday, February 4, 1969 1 just a nice way the bank had to

turn him down," he said. " More

Atlanta Chamber of Comoften tha n not he doesn't know m erce President Frank Carter how to make out a financial has appointed Eugene Boyd a statement . . . and this is where vice presiden t of Coca-Cola Co., it's dropped." Inc., and Her bert J. Dickson He cited a precedent for sucexecutive vice president of th~ cess in John J efferson, who C & S Bank, to 1head up a proa fter being tu rned dow n numergr am "for concentrated effort ous times. fi!la liy recieved asin the field of black entreprensistance f:·om Citizen; & Sou theurship." ern National BaM and construcDickson said that " this will tion is now under way for a 78not be a cure-all- but it will proroom downtown m otel to be vide a small tool that we hope owned and operated by blacks. can do some good. Atlanta is currently trying to " Our efforts wH! encourage change the cliaiate s urrounding Negroes to build for U1ernselves the "black money curtain." I I �