By Walter B. Weare
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Extra resources for Black Business in the New South: A Social History of the North Carolina Mutual Life Insurance Company
Lawrence N. Brown, "Insurance on American Negro Lives·' (Master's thesis, University of Pennsylvania, 1930), pp. D. dissertation, University of Pennsylvania, 1948), pp. 7-10; Trent, "Development of Negro Life Insurance," pp. 15, 16, 18. 45. Ben A. Neal to Booker T. Washington, April 24, 25, 1900, Washington Papers. The Evolution of Uplift 17 thought could not escape the impact of laissez faire economics and materialism in the late nineteenth century. Du Bois, in his attitude toward the decline of the mutual benefit societies and the rise of the more businesslike industrial insurance company, best illustrates the crosscurrents conditioning Negro business thought.
12. Albon Holsey, cCPearson: The Brown Duke of Durham," OpportfJnity~ VI (April, 1923), 116; interview, Clyde Donnell, June 10, 1968. 34 Black Business in the New South which they constantly overestimated. A black sociologist studying Durham during the 193ol's found this typical view expressed by an elderly black worker: C'I don't suppose there is a man living who got as much money from white people as Merrick got. 'l'13 Despite class feelings, the masses always exhibited an ambivalent sense of pride in the Mutual, and it may have been satisfying to think that Merrick, notoriously clever with whites, had maneuvered them out of their money.
35. Burrell, True Reformers, pp. 125, 317; Davis, William Washington Browne, pp. s. Department of Labor Bulletin no. 41 (Washington: Government Printing Office, 1902), pp. 807-814; Harris, The Negro as Capitalist, p. 63; Trent, "Development of Negro Life Insurance," pp. 18-21; Carter Godwin Woodson, "Insurance Business among Negroes," Journal of Negro History, XIV (April, 1929), 210; Booker T. Washington, The Story of the Negro (New York: Doubleday Page and Company, 1909), II, 162-168; Howard H.