MEMBERS OF K. N. E. A. SUPPORT NEW NEGRO BUSINESS MOVEMENT The eyes of the Negroes throughout the country are turned toward Louisville because of the colored citizens within the past five years. During this time banks and insurance companies have come into existence, and are doing a volume of business amounting to hundreds of thousands of dollars.
A group of young business have made a thorough investigation into other lines of commercial activities, and a movement has been launched to build factories and better stores.
The concern behind this movement is the Commercial Finance Corporation organized by Joseph R. Ray, Cashier, First Standard Bank. 
Mr. Ray states that the greatest present need of the race is a source of employment for its workers. He says all commercial progress rests upon the laborer, and until any group of people can furnish employment for its laborers, its financial structure is insecure.
In carrying out the factory idea, the Commercial Finance Corporation has purchased a two story brick building at 525 South 13th Street, in which it has installed a Broom Factory that is turning out around fifteen dozen brooms daily.
It is announced that plans are being perfected for the opening of a Gents Furnishing Store which is to be located in the heart of the Negro business section. This store is to be modern in every detail, and will be stocked with the best brands of haberdashery on the market. This enterprise is intended as a basis of a department store, a much needed establishment for our group in this city.
Information has come from reliable sources that members of the K. N. E. A. have bought over 200 shares of stock in the Commercial Finance Corporation, showing that the educators of this state are in a practical way making places of employment for the boys and girls whom they teach, as well as preparing them for employment.

REPORT MADE OFFICIAL IN NEW YORK AFTER MEETING OF TRUSTEES - RESIGNATION TO TAKE EFFECT JUNE 30TH As we go to press news comes to us Dr. Fayette Avery McKenzie, President of Fisk University, Nashville, Tenn., has resigned. It is reported that the board of trustees went into session in New York last Monday with the Advisory Committee selected from the alumni, consisting of Miss Sophia Boaz, Chicago; Dr. Henry H. Proctor of Brooklyn; Mrs. Booker T. Washington, Tuskegee, Ala.; Dr. John M. Gandy, Petersburg, Va.; Prof. T. N. Inborden, Enfield, N. C.; and James H. Robinson, Cincinnati. Measures were discussed along the lines of obliterating the stain and odium that the university had suffered in the past six months, and a constructive program is under way to regain the good will of the public to prevent serious damage to the endowment fund which has been subscribed but not colletced.
It is said that Dr. McKenzie's resignation did not come as a surprise to those who had inside information on the situation at Fisk as it was the consensus of opinion that his usefulness as an educator among our people had ended. According to reports, the resignation is effective June 30.
Dr. W. E. B. DuBois, editor of the Crisis, is given credit for starting the fight against Dr. McKenzie. He attacked the policy and the iron clad rule charged against him, through his magazine and in speeches before alumni associations, which eventuatelly resulted in open rebellion of the students. the trouble of a few weeks ago, the arrest of certain students, public sentiment against the President, and finally his resignation reported from New York as official.

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RESIBNATION TO TAKE EFFECT JUNE 30TH
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