Selling Latin America

Bibliographic data

Monograph

Identifikator:: 101030657X

URN:: urn:nbn:de:zbw-retromon-41609

Document type:: Monograph

Author:: Aughinbaugh, William E.

Title:: Selling Latin America

Place of publication:: Boston

Publisher:: Small, Maynard & Company Publishers

Year of publication:: 1915

Scope:: 1 Online-Ressource (VI, 408 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: XXV. Finance and credits

Collection:: Economics Books

50 THE FREEDMEN’S SAVINGS BANK reports of the bank and from the United States public documents, shows the entire business to 1874: TOTAL BUSINESS OF THE FREEDMEN’S BANK Year Ending with Total Deposits Balance Due Gain March Deposits Each Year Depositors Each Year 1866 $ 305,167.00 % 305,167.00 $ 199,283.42 3 199,283.42 1867 ~ 1,624.853.33 1319,686.33 366,338.33 167,054.91 1868 3.582,378.36 1957,535.03 638,338.33 271,960.67 1869 7.257.798.63 3,675420.27 1,073,465.31 435,166.31 1870 12,605.781.95 5.347,983.32 1,657,006.75 583,541.44 1871 19.592,947.36 7.347,165.41 2,455,836.11 798,827.67 1872 31260,499.97 11,281,313.06 3,684,739.97 1,227,927.67 1873 - er 4,200,000.00 ee 1874 57,000,000.00 te 3,299,201.00 are The interest paid on deposits amounted to the sums given in the following table: INTEREST PAID BY FREEDMEN’S BANK To January 1, 1867. ee tra. DR OBE 47 Por Loo. cana Ty nhl TE 9eeren Tor 1365. to November 1... ve. cosas rls slihio N04,544.08 November 1, 1868 to November 1, 1869.................. 43,896.98 November 1, 1869 to November 1, 1870.................. 59,376.20 November 1, 1870 to November 1, 1871................. 20,840.32 March 1, 1871 to January 1, 1873... ................ .SNI22,215.17 The bank, according to the above showing, had a promising future, and the friends of the Negroes were justified in relying upon it to assist the former slaves to economic freedom. The credit of the institution was rated A-1 to June, 1874, a month before it closed its doors. The strongest branches were located at Augusta, Baltimore, Charleston, Louisville, Memphis, Nashville, New York, Norfolk, Richmond, Sa- vannah, Vicksburg, and Wilmington. 3 Ho. Misc. Doc. No. 16, 43 Cong., 2 Sess., pp. 61, 91; Bruce Report, p. 256; Williams, History of the Negro Race, 11, 403-411; Hoffman, Race Traits and Tendencies, pp. 289, 290.

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