In fact, the confidence of the people is worth more than money.
Negro banks, as a rule, have failed because the people, taught that their own pioneers in business cannot function in this sphere, withdrew their deposits.
The large majority of the Negroes who have put on the finishing touches of our best colleges are all but worthless in the development of their people.
The strongest bank in the United States will last only so long as the people will have sufficient confidence in it to keep their money there.
The so-called modern education, with all its defects, however, does others so much more good than it does the Negro, because it has been worked out in conformity to the needs of those who have enslaved and oppressed weaker peoples.