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On May 30, 1803, Lunsford Lane was born into slavery in the household of Sherwood Haywood, a Raleigh banker.The Haywoods acknowledged Lane's ambition and talent for business. As a boy he began to pursue entrepreneurial ventures in Raleigh. He developed a variety of enterprises that included selling commodities he kept in a rented warehouse and operating a successful tobacco business where he invented a unique pipe and popular tobacco blend.