Charles C. Spaulding
Joining his uncle’s firm in 1898, Spaulding rose to director of North Carolina Mutual. Under Spaulding, the company grew to be the largest black-owned business of the time and had amassed assets of over $37 million by the time of Spaulding’s death. A follower of Booker T. Washington’s racial philosophy, Spaulding devoted many efforts to the growth of the black middle class, organizing the National Negro Insurance Association and helping to revitalize the National Negro Business League.