ORGANIZATION AND EXPANSION LJ
1870 Philadelphia, Pa.
Atlanta, Ga. Shreveport, La.
Columbus, Miss.
Lexington, Ky. 1871-72
Little Rock, Ark. Columbia, Tenn.
Montgomery, Ala. Lynchburg, Va.
Natchez, Miss.
The disturbing force of Reconstruction politics
is seen in the sudden checking of expansion in
1867 and the slow increase afterward. Headquarters
 remained in New York until March,
1868, when the principal office was moved to
Washington and Alvord was elected president.”
A good building was erected in Washington?
opposite the United States Treasury, at a cost
of $260,000. This expenditure for a building was
probably contrary to law, as was also the investment
 at this time by the branch banks of
$160,000 in real estate.
INTERLOCKING BOARDS
The trustees of the bank were frequently members
 of other boards which had business relations
with the bank. Among the prominent Freedmen’s
 Bureau officials who were connected with
the Freedmen’s Bank as trustees were General
0. O. Howard, General C. H. Howard, General
G. W. Balloch, General E. Whittlesey, D. L.
Eaton, and J. W. Alvord. These men, except
Alvord and Eaton, were also army officers, and
® The officers in 1869 were: John W. Alvord, president; Louis Cle-Phaze,
 first vice-president; Rev. D. W. Anderson, second vice-president;
. L. Eaton, actuary; S. L. Harris, general inspector; R. B. Hunt,
assistant inspector.— Booklet, Freedmen’s Savings Bank, 1869.
% On Pennsylvania Avenue and Lafayette Square,

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