Word: funderburg
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Needed Source. Minority bankers further argue that their organizations are a needed source of both pride and investment capital in ghetto communities. "We've demonstrated the capacity of black people to operate complex business institutions," says I. Owen Funderburg, chief executive officer of the Gateway National Bank of St. Louis. A study by the Conference Board, a nonprofit research organization, found that in 1971 minority banks loaned 40% as much money in their communities as white banks did, even though the minority banks' assets equaled less than one-tenth of 1% of the white banks' wealth...
When a flu epidemic hit Georgia in 1938, it felled the only available white doctor in Jasper and Putnam counties, left hundreds of his rural patients with one hard-to-swallow recourse. They had to call on gentle Dr. Frederick D. Funderburg, a Negro physician. Working virtually around the clock, Dr. Funderburg attended as many as 60 white patients a day, succeeded in checking the epidemic...
Convinced of his skill, grateful whites have been calling on him ever since with all sorts of ailments. The relationship between a Negro doctor and white Georgians was awkward at first, but Dr. Funderburg's competence has won him respect. Now 57, he shuttles busily between modest frame offices in both counties, where whites wait their turn along with Negroes. Among white people who visit him regularly are a bank official, a school teacher, several members of prominent Georgia families...
With a new flu season, Dr. Funderburg was not the only Negro who was overcoming prejudice with skill. Many a white Southerner, unable to get his regular doctor, was turning to a Negro for help...