Payton, Philip A.(1876–1917) - Real estate developer, Chronology
community manhattan african company
In a career that spanned less than twenty years, Philip A. Payton Jr. became known for providing African Americans in New York City with an opportunity to live in quality housing in the northern Manhattan community of Harlem. As a real estate broker, property manager, and owner, Payton gained a national reputation among African American business leaders during the first decade of the twentieth century.
Philip A. Payton was born February 27, 1876, in Westfield, Massachusetts, the eldest of four children of Philip A. Payton and Annie Ryans Payton. Although both of Payton’s parents were entrepreneurs (his father owned a barbershop and his mother operated a hairdress-ing business), Payton Jr. did not seem destined for a career in business. He attended public schools in West-field but later noted that he had the least education of his siblings. In a profile in Booker T. Washington’s 1907 work The Negro in Business , Payton characterized his aimless teen years as highlighted by his dropping out of high school during his senior year due to a football injury. Thereafter he decided to follow his father’s trade and worked as a barber.
In 1899 Payton moved to New York City where he had a series of jobs and eventually found work as a porter in a real estate office. Exposed to the real estate profession, in less than a year he decided to start his own real estate business with a partner. The real estate partnership of Brown & Payton struggled, and Brown left during the first year. Payton, who had married in 1900, eventually began to get contracts to manage houses.
A real estate boom occurred in the northern Manhattan community of Harlem after 1900. The predominantly white community of Harlem, settled in the 1600s, had initially been a Dutch farming community. It became a residential community as transportation links with the lower Manhattan business districts improved in the second half of the 1800s. Merchants and other businessmen who worked in lower Manhattan were able to move their families to the developing community in upper Manhattan. By the 1880s and 1890s sections of the community were lined with four-story brownstone row houses and the area was known as a prosperous residential neighborhood. In 1900 construction began on the subway line extending from New York’s City Hall in lower Manhattan north to 145th Street in Harlem. The line had been discussed since the 1880s. Real estate developers responded to the construction start by building apartment houses in close proximity to the line. Philip Payton recognized an opportunity for African Americans in these developments.
Chronology
1876
Born in Westfield, Massachusetts on February 27
1899
Moves to New York City
1900
Marries Maggie (maiden name unknown); forms Brown and Payton real estate company
1903
Forms Afro-American Realty Company partnership
1904
Incorporates Afro-American Realty Company
1906
Afro-American stockholders file lawsuit against Payton
1907
Company issues first dividend
1908
Court finds company liable for prospectus misrepresentations; company ceases to do business; forms Philip A. Payton Jr. Company
1917
Dies in Allenhurst, New Jersey on August 29
After 1890, the African American community in New York had begun to grow substantially as migrants from southern states relocated in New York for better opportunities. By 1900 African Americans in Manhattan were primarily dispersed throughout midtown Manhattan in an area approximately from 23rd Street north to the numbered streets in the low 60s (a smaller number lived in Harlem). A race riot in the midtown area in 1900, sparked by the murder of a police officer by an African American man, made the area less than hospitable for African Americans. Compounding their problems was the demolition of the residential community at 34th Street and Eighth Avenue to make way for the construction of the Pennsylvania Railroad Station. Payton recognized an opportunity to link African Americans seeking housing with the white Harlem property owners.
User Comments
5 days ago
Fresh Cut BG / SBLC, MTN Specifically for Lease @ (5.0 0.5 X)%. Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected We are direct to a provider for BG/SBLC specifically for lease, at leasing price of (5.0 0.5 X)% of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding: For further details contact us with the below information.
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about 1 month ago
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2 months ago
SIR/MA. We offer Fresh Cut BG, SBLC, MTN & Loan
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clear to be verified by your bank, after verification an arrangement
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kasmare717: ting expenses,
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he Leased Instruments includes: BG’ s, Insurance Guarantees, MTN, ( SBLC)
Standby Letters of Credit and Third Party Guarantees such as a standby
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Regards MR DAVID BONN
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6 months ago
I can deliver leased instruments to Organisations or individuals with their
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6 months ago
We have direct and efficient providers of Bank Guarantee (BG’s), Insurance Guarantees, MTN, Confirmable Bank Drafts, Standby Letters of Credit (SBLC) and Third Party Guarantees. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.
Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.
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Inquiries from agents/ brokers/ intermediaries are also welcome.
If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information.
Martinez.mann@yahoo.es or martinez.mann@hotmail.es
6 months ago
We have direct and efficient providers of Bank Guarantee (BG’s), Insurance Guarantees, MTN, Confirmable Bank Drafts, Standby Letters of Credit (SBLC) and Third Party Guarantees. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.
Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.
If you have need for Corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
Inquiries from agents/ brokers/ intermediaries are also welcome.
If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information.
Martinez.mann@yahoo.es or martinez.mann@hotmail.es
7 months ago
We have direct and efficient providers of Bank Guarantee (BG’s), Insurance Guarantees, MTN, Confirmable Bank Drafts, Standby Letters of Credit (SBLC) and Third Party Guarantees. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.
Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.
If you have need for Corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
Inquiries from agents/ brokers/ intermediaries are also welcome.
If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information.
martinez.mann@hotmail.es,martinez.mann@yahoo.es
7 months ago
Dear Sir/Ma,
We have direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease. Our bank instrument can be engaged in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer neither do we get involved in chauffer driven offers. We deliver with time and precision as set forth in our agreement. Our terms and Conditions are reasonable, below is our instrument description.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG/SBLC)
2. Total Face Value: Min of 1M Euro/USD (One Million Euro/USD) to Max of 5B Euro/USD (Five Billion Euro/USD).
3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or any Top 25 WEB
4. Age: One Year, One Day
5. Leasing Price: 5.0% of Face Value plus (0.5+X)% commission fees to brokers.
6. Delivery: Bank to Bank SWIFT.
7. Payment: MT-103.
8. Hard Copy: Bonded Courier within 7 banking days.
All relevant business information will be provided upon request.
If Interested kindly contact me via Email:~ jangfinance75@gmail.com
Skype ID: jangfinance75
8 months ago
We offer fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft,
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Description of Instrument:
1.Instrument: Bank Guarantee (BG)/SBLC
2.Total Face Value: MINIMUM 1MILLION EURO/USD - MAXIMUM 100BILLION EURO/USD
3.Issuing Bank: HSBC London or AA rated Bank in Western Europe or USA.
4.Term: One Year, One Month
5.Leasing Price: 5% of Face Value plus 0.5% Lessor agent [Closed] & X% Lessee agent (open)
6.Delivery: SWIFT TO SWIFT
7.Payment: WIRE TRANSFER
8.Hard Copy: Bonded Courier within 7 banking days.
Thank you.
Walter Quist
For further inquiries:
Contact Email : walt.bgsblcbroker@gmail.com
Skype: walt.bgsblcbroker
8 months ago
We have direct provider for BG/SBLC/LC from top AA rated banks in the world. HSBC London or HongKong ETC our leasing fee is 6+2 Genuine brokers and Borrower only. Please contact Mr Robert Clapton Contact: Email: robert.clapton@rocketmail.com Telephone: +44-777-650-6313
8 months ago
We have direct provider for BG/SBLC/LC from top AA rated banks in the world. HSBC London or HongKong ETC our leasing fee is 6+2 Genuine brokers and Borrower only. Please contact Mr Robert Clapton Contact: Email: robert.clapton@rocketmail.com Telephone: +44-777-650-6313
8 months ago
We have direct provider for BG/SBLC/LC from top AA rated banks in the world. HSBC London or HongKong ETC our leasing fee is 6+2 Genuine brokers and Borrower only. Please contact Mr Robert Clapton Contact: Email: robert.clapton@rocketmail.com Telephone: +44-777-650-6313
8 months ago
Dear Sir,
I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by
their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by
RWA clients. Our lease rate is (5)%+x%. X% IS Lessee broker's Commission and he determines his commission. Also we have
facilities to discount BG and Put you into PPP Trading.
Contact me through this email:(fundingtrading@gmail.com,fundingtrading@yahoo.com) or through
skype: (sunil.joshil) in other to furnish you with other information.
9 months ago
li josef
Dear sir,Ma
We are project funder with our cutting edge and group capital fund we can finance your signatory projects and help you to enhance your business plan, our financial instrument can be used for purchase of good from any manufacturer irrespective of location. We specialized in BG, SBLC, MTN, CD,LC , Non collateral loan, confirmable Bank Draft and other financial assistance from AAA rated bank (Prime Bank). The financial instrument can be invested into High Yield Trading Program or Private Placement Programme (PPP). Please see our instrument description and leasing procedure as follow.DESCRIPTION OF INSTRUMENT:1. Instrument: Bank Guarantee {BG} /StandBy Letter of Credit{SBLC} (Appendix A)
2. Total Face Value: Eur/USD 1M{Minimum} to Eur/USD 10B{Maximum}
3. Issuing Bank: AAA Rated Bank (Prime Bank)
4. Age: One Year and One Day
5. Leasing Price: 5.0%+1% =6%
6. Delivery: S.W.I.F.T MT-760
7. Payment: MT103 (TT/WT)
8. Hard Copy: Bonded Courier ServiceWe specialize in Bank Guarantee lease and sales, there are two types of bank guarantee which are Direct Bank Guarantee and Indirect Bank Guarantee. Its used as Bid Bond, Payment Guarantees, Letter of Indemnity, Guarantee Securing Credit Line, Advance Payment Guarantees, Performance Bond Guarantee E.T.C.Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.
Li Josef
For further inquiries: Contact: lijosef.bgsblc@gmail.com, Skype ID: li.josef
Thank you..
9 months ago
Dear sir/ma,
We offer financial service such as Fresh Cut BG, SBLC, MTN and Confirmable Bank Draft, which are specifically for lease and sale. Our Bank Instrument can be engage into PPP Trading, Outright Discount, signature project(s) such as Aviation, Agriculture, Petroleum,
Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. If you have a good relationship with your Bank, you can use our bank instrument as a collateral to borrow money from your bank to finance your project and business. You can also use our bank instrument to purchase goods and service.
We deliver with time and precision as seth forth in the agreement. Our terms and Conditions are reasonable, Our bank charges is negotiable and refundable. Below is our instrument description.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG) (Appendix A)
2. Total Face Value: $/Eur 1Million(Min) to $/Eur 5Billion (Max)
3. Issuing Bank: HSBC Bank London, Credit Suisse Zurich and other AA Rated Bank.
4. Age: One Year and One Day
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: MT-760 {Bank-To-Bank Swift}
7. Payment: Wire Transfer {MT103}
8. Hard Copy: Bonded Courier Service {within three banking days}
The Leased Instruments includes: BG’s, Bank Guarantees, MTN (Medium Term Note), SBLC (Standby Letters of Credit) and Bank Draft (Confirmable Bank Draft). Third Party Guarantees such as a standby forward commitment to purchase or a standby loan. If you are a potential Investor or Principle looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with all the details regarding this services, for enquiry send me an Email
Broader information will be divulge upon request. Interested and serious clients should contact immediately.
Regards,
Ahmad Fayyad
(Financialhome.ahmad@ymail.com)
about 1 year ago
Greetings,
I am Mr Scott. a certified, reputable, legitimate & an accredited private lender.
I loan money out to individuals in need of financial assistance.
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Regards
Jeannas Scott
about 1 year ago
We have a direct genuine provider for BG/ SBLC specifically for lease, at leasing price of 6+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.
For all inquires Contact:
Mr. JAMES FISHER
EMAIL: jamesfisher2@live.co.uk
TEL: +44-2070606336
WEB: http://www.james1fisherfinancial.blogspot.com/
All inquires to Mr. James Fisher should include the following minimum information so I can quickly address your needs:
Complete contact information:
What exactly do you need?
How long do you need it for?
Are you a principal borrower or a broker?
over 1 year ago
We are genuine, direct to providers of "Fresh Cut" instruments, BG/ SBLC for lease, at leasing price of 6+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.
All inquires shuold be made to:
Mr. Martin Cole,
Email: martincole2@live.co.uk
Telephone: +442070601150
www.mcolefinance.org/BG/ SBLC for lease
almost 2 years ago
We have a direct genuine provider for BG/SBLC, L/C for lease or as a Brower and lender relationship, at leasing price of 6+2 of face value; Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.
Contact:
Mr. Ryan Shearwaters
Telephone +442070601150
Email: rshearwaters@yahoo.co.uk
about 2 years ago
We supply CELLULAR LIGHT WEIGHT CONCRETE BLOCK making PLANT including
machinery, equipments, components and do erection and commissioning.
Raw materials used for manufacturing said CLC are cement, sand, Fly Ash,
foaming agent and water.
We also sell CONCRETE AUTO BATCHING & MIXING PLANTS
We SELL
CELLULAR LIGHT WEIGHT CONCRETE BLOCKS in different sizes and shapes
used for construction business and making Buildings. These Blocks have
quality advantage as well as smooth workablity, fast, laying and
drying. It is ecofriendly, lighter, stronger and cheaper in comparison
to Red Clay Bricks
Please do not hesitate to contact us for any further information.
Anand
MESSAGE FOR COMMODITIES BUYERS & CLIENTS INTERESTED TO RAISE FUNDS
We can arrange project funding for long term period at very low rate of interest
against BG/PN or any other acceptable bank instrument
( for the amount covering principal + interest + service charges ).
We arrange Lease SBLC / BG valid for 365 days and issued by prime world bank
without upfront charges
without Escrow
Without corporate refund recourse agreement
Without MT 103 in advance from Borrowers
You can use said Lease SBLC/BG as collateral
and get cash from your bank by getting it discounted and or you
may open L/C in favour of your suppliers. You can rotate the transaction as much
as you like ( depending upon delivery of your goods ) as said SBLC would be valid for 365 days.
To start with we just need a complete application supported with BCL
issued by prime bank stating that Bank is RWA to issue MT 103 immediately ( pertaining to payment of Fees + commission ) upon receipt of MT 799 from provider. Said BCL is also to be sent on bank to bank basis ( via swift messaging system ) upon receipt of agreement duly signed by provider.
Advise what is the amount you are looking for ?
Which will be your receiving Bank ?
Thanks and regards
eximworldcorp at gmailcom
Chetan
We can arrange POF + BCL + MT 799 + MT 760 for short and long term period issued by prime bank as well as BB rated Banks..
Against said POF you can ask your sellers for POP ( proof of product )
and once you have POP you can easily sell your cargo and that too at higher price.
In this case you may even not have to invest from your pocket for purchase.
You can ask your actual/ ultimate buyer to open the L/C and you keep the difference.
Advise the amount required by you ?
For what period ?
For what purpose ?
Which will be your receiving bank ?
Will you be in a position to deposit funds ( Fees + commission ) in Escrow ?
Though normally no provider accepts payment through MT 103 ( particularly in such transactions)
We can try to commit only after we receive your specific demand. You must be in a position
to send MT 103 / ICBPO (conditional) in advance. You should also arrange BCL from your bank
( It should be prime Bank ) confirming to pay the fees + commission.
Said facilities are commonly used by parties dealing in
sugar, gold, cement, urea, hms, used rails, copper cathodes, coal, C.O., JP54, D2
and for purchase of Bank Instruments and others.
We also have buyers and sellers for the above said commodities.
Keep us posted with your offers / or demands with full details on regular basis.
We can arrange usance letter of credit ( Lease )
established by banks in Brazil or Rumania or CIS payable 90 days or 180 days
from the date of shipment.
We will manage the bank to accept the documents too so that you have no problem in discounting the instrument.
Once you sell the cargo, you can make the payment ( total invoice value ) to the L/C provider and clear the relevant L/C.
For such transaction there are always upfront charges.