On July, 4th 1892
Arthur George Gaston checked into the game of life. Although the
rules were designed for him to lose and he was facing a heavily
favored opponent, he made no excuses.
One-hundred years and millions of dollars later, the game had
long since been a blowout and A.G. Gaston, still playing as hard
as ever, was crowned Entrepreneur of the Century by Black
Enterprise.
An impoverished
grandson of slaves, Gaston was born during the pre-affirmative
action, pre-civil rights, Jim Crow era.
Undaunted by these dark times, he
still opened the
Booker T. Washington Insurance Co. (with $500) in 1923.
In 2005 BTW Insurance Co., worth $56.2 million at the time, was
named one of the top 5 Black Enterprise Insurance companies.
BTW Insurance was the pillar of Gaston’s real estate,
communications, and insurance empire estimated to be worth more
than $130 million.
It’s no coincidence that this
giant of an entrepreneur was born on
Independence Day. His life is the epitome of freedom-
financial freedom.
Gaston never made it past the 10th
grade.
But he still understood the power
education. When Autherine Lucy went to register as the first
black student to attend the University of Alabama she received
financial aid from Gaston.
At one point in time, Gaston was having trouble finding clerks
and typists for his business. Adhering to the mantra of all
successful entrepreneurs- find a need a fulfill it- Gaston
opened the Booker T. Washington School of Business. He didn’t
expect to make any money but “during the war it turned out to be
a lucrative investment.”
He didn’t have an economics degree but he founded the Citizen’s
Federal Saving’s Bank. He didn’t have a communications degree
but he owned two radio stations. He didn’t have a master’s in
business but he built an empire and left a legacy.
What’s on your agenda?
Gaston was publicly called
an Uncle Tom for disagreeing with some of the methods of
Dr. Martin Luther King , Jr. and other civil rights
leaders.
This was primarily because Gaston,
like his role model
Booker T. Washington, believed that long-term economic
development was a more pressing matter than short-term civil
rights struggles.
Although he was mainly focused on the economic status of blacks,
Gaston was by no means accepting of Jim Crow laws. He put his
money where his mouth was by directly and indirectly providing
substantial financial support to Dr. King and the Civil Rights
Movement.
Unlike so many leaders before and after him, in the face of
adversity and extreme criticism, Gaston made no excuses. He put
aside the philosophical differences. He understood that although
they were traveling on different roads, they were still headed
to the same place.
So, when Commissioner Eugene “ Bull ” Connor arrested Dr. King
for marching without a permit, who went to the Birmingham City
Jail with $5000 to bail him out? A.G. Gaston .
When King and other civil rights leaders needed a place stay and
free meeting space, where did they go? They went to the motel
and offices of A. G. Gaston .
As a result, unknown individuals
blew up a part of Gaston’s motel where Dr. King and Rev. Ralph
Abernathy were staying. Also, Gaston’s house was fired bombed
when he returned from a state dinner at the
White House with President John F. Kennedy .
While building his business during the 1920’s (more than 40
years before the Voting Rights Act) Gaston became an advocate
for voter registration.
One day, standing inside First National Bank, he saw a “Whites
Only” sign above the water fountains. The sign was immediately
taken down when Gaston threatened to close his account.
"Money is no
good unless it contributes something to the community,
unless it builds a bridge to a better life. Any man can make
money, but it takes a special kind of man to use it
responsibly."
- A. G. Gaston
Reaching the pinnacle of high achievement and leadership during
a time when he was preordained to fail is a stellar example of
why we should laud and admire our great entrepreneurs as much as
our educational, political, and religious leaders.
A. G. Gaston provided anyone
who wants to do something with their life a timeless and
empowering lesson on making excuses.
It’s not about the obstacles or the circumstances; it’s all
about what you do. Period.
Copyright 2007 Al Duncan Enterprises and The Black Collegian
Magazine
(This article originally appears in
Elevate U for The Black Collegian Magazine)