Die neuere Entwicklung des Petroleumhandels in Deutschland

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Monograph

Identifikator:: 882699261

URN:: urn:nbn:de:zbw-retromon-4781

Document type:: Monograph

Author:: Kanbe, Masao http://d-nb.info/gnd/11603548X

Title:: Der russisch-japanische Krieg und die japanische Volkswirtschaft

Place of publication:: Leipzig

Publisher:: A. Deichert'sche Verlagsbuchhandlung Nachf. (Georg Böhme)

Year of publication:: 1906

Scope:: 1 Online-Ressource (74 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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112 THE FREEDMEN’S SAVINGS BANK Upon no one of the originators and trustees of the bank did so great responsibility rest as upon John W. Alvord, but yet he permitted all the misdoings described in this report to go on from year to year without any vigorous protest or effort to correct them, and, so far from giving warnings to those who had so trusted the concern through his persuasion, he helped to keep up the delusion by praising it, enlarging upon its benefits, giving assur- ances of its stability and soliciting increase of depositors and deposits. The Bruce Committee which reported on April 2, 1880, went over much of the same ground and arrived at similar conclusions. Additional evi- dence was found in regard to the negligence and misconduct of the trustees and more details about doubtful loans were brought out. The committee declared that the administration of the three commissioners was too expensive, and it recommended that all the business be turned over to the Comptroller of the Currency, a recommendation which was followed a year later. The debate that followed the introduction of each measure aimed at settling the affairs of the bank showed that the members of Congress felt that they as a body were partly responsible for the failure of the bank. Bradford, of Alabama, stating that the government was to some extent responsible for the Negro’s faith in the bank maintained that Congress ought not to shirk its duty to the depositors. He also asserted that the corrupt administration of the bank was only a 18 The report of this committee is Senate Report, No. 440, 46 Cong., 2 Sess. It contains eleven pages of committee report, 319 pages of testi- mony by 21 witnesses, and 17 pages of documents. The reports of the Douglas and the Bruce committees are the best sources of information in regard to the Freedmen’s Savings Bank.

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