CONTENTS 
CHAPTER PAGE 
Preratory Note . . . . . . . . . sv Wl 
I. Tue Necro at Tue CrosE oF THE Crvie War . . . 
Economic weakness of the Negro race. Gradual emancipa-~ 
tion. Negro labor under Federal supervision. Demorali- 
zation at the close of the War. “Forty Acres and a Mule.” 
Failure of the northern planters. The Freedmen’s Bureau. 
Economic environment of the emancipated Negro. 
II. ORIGIN oF TnE FrEEDMEN’S SAVINGS BANK. . . . . 19 
The Allotment System and the Military Banks. Plans of 
Sperry and Alvord. Incorporation of the Freedmen’s 
Savings Bank. 
III. OrcANizaTION AND Expansion or Tie FREEDMEN'S Bank. 29 
The Act of Incorporation. Organization of the Bank. 
Beginning of Expansion. The Freedmen’s Bank and the 
Freedmen’s Bureau. The branch banks. List of branch 
banks with dates of establishment. Interlocking boards. 
IV. Tue Gooo Work oF THE Bank. . . . son 
Methods of administration. Training of Negro business 
men. Literature of the Bank. Good results. The deposits 
and depositors. 
MisMANAGEMENT AND OTHER TROUBLES . . . . . . *° 
Weaknesses of the Bank. Inaccurate bookkeeping. In- 
competent cashiers. Cases of fraud. Shortage at the 
branch banks. Neglectful and unfaithful trustees. The 
amendment to the charter. Loans to speculators. Jay 
Cooke and the First National Bank. Procedure in making 
loans. The Seneca Sandstone Company. Results of 
mismanagement. 
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