"Harlem hailed last week its newest loan and finance company, the Community Personal Finance Corporations, which opened for business last Thursday, August 16, at 2368 Seventh Avenue. The business is under the supervision of Dr. O. M .H. Savory, chairman of the Board of Directors, and Dr. C. B. Powell, president.... "The purpose of the company," said Dr. Powell, after relating how the idea had first sprung into being, "is to loan money to citizens of character in the community who find themselves unable to obtain loans from a bank.A legal rate of interest will be insured and thus the citizens will be protected from money lending sharks.""