In the early decades of the 1900s, Durham acquired national reputation for entrepreneurship. Businesses owned by African Americans lined Parrish Street. Among them were N.C. Mutual Life Insurance Co. (moved to Parrish, 1906), led by John Merrick, Dr. Aaron Moore, & C. C. Spaulding, and Mechanics and Farmers Bank (1907), led by R. B. Fitzgerald and W. G. Pearson.