The Freedmen's Savings Bank

Bibliographic data

Monograph

Identifikator:: 175265076X

URN:: urn:nbn:de:zbw-retromon-129631

Document type:: Monograph

Author:: Fleming, Walter Lynwood http://d-nb.info/gnd/120660560X

Title:: The Freedmen's Savings Bank

Place of publication:: Chapel Hill

Publisher:: Univ. of North Carolina Press

Year of publication:: 1927

Scope:: x, 170 S.

Digitisation:: 2021

Collection:: Economics Books

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

APPENDIX 157 will exercise only a reasonable degree of patience, we shall be able to pay dollar for dollar; and this is my opinion now. Respectfully yours, Freperick Doucrass. LETTER FROM FREDERICK DOUGLASS TO THE HON. A. H. GARLAND, Reviewing Senate Bill Amending Charter of Freedmen’s Savings and Trust Company. Washington, D. C., Feb. 19, 1880. Hon. A. H. GARLAND: Sir: I have the honor to inform you that I have care- fully read and duly considered your bill for amending the charter of the Freedmen’s Savings and Trust Company, and for other purposes. It is in my judgment a wisely- drawn bill. It covers the whole ground of the present situa- tion of that institution. Its enactment by Congress would be a credit to the national sense of justice, and would bring speedy though small relief to a class of persons to whom the nation cannot be too just or too generous. Many of the newly-emancipated class put their money into this bank, believing it to be—like the Freedmen’s Bureau—a government institution, and about as safe as the govern- ment itself. Though the misapprehension of these poor people cannot be entirely cured by any present action of Congress, it does appeal to Congress to exert what power it may to help them and to restore their broken confidence. In respect to the details of your bill, I am not sure that you have made the commissioner’s - bond quite large enough. The property is large and his power over it is large, and while I do not attach great importance to bonds as a guarantee of honest management, the bond in this case should be large. I see, too, that the approval of a majority of the trustees of the company is required in the appointment of the commissioner. I do not know that any positive harm can come of this feature of the bill, but I think it an unnecessary provision of the bill. There has been no regular meeting of the trustees as required by the charter. this five years, and it may be fairly questioned if

Access restriction

Copyright

fullscreen: The Freedmen's Savings Bank

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation