Die freiwilligen sozialen Fürsorge- u. Wohlfahrtseinrichtungen in Gewerbe, Handel u. Industrie im Deutschen Reiche

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Monograph

Identifikator:: 100669000X

URN:: urn:nbn:de:zbw-retromon-18753

Document type:: Monograph

Title:: Die freiwilligen sozialen Fürsorge- u. Wohlfahrtseinrichtungen in Gewerbe, Handel u. Industrie im Deutschen Reiche

Place of publication:: Halle a.S.

Publisher:: Carl Marhold Verlagsbuchhandlung

Year of publication:: 1913

Scope:: 1 Online-Ressource (X, 70, 441 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: [Beiträge]

Collection:: Economics Books

APPENDIX 151 4. CIRCULARS ISSUED BY FREDERICK DOUGLASS WHEN PRESIDENT OF THE FREEDMEN’S SAVINGS AND TRUST COMPANY (CIRCULAR No. 1) To the Depositors of the Freedmen’s Savings and Trust Company: The recent legislation of Congress, so amending the charter of the Freedmen’s Savings and Trust Company as to place the institution upon a broader and firmer Tos and give to its trustees a larger measure of discretion and control of its management, may be well enough made the occasion for a brief statement of facts and circumstances which have a bearing upon the legislation in question and upon the future existence and success of the Freedmen’s Bank. It is very evident that Congress was animated in its legislation by a generous desire to conserve and strengthen an institution of known usefulness to the people in whose interest it was created. In regard to the condition of this corporation, certain facts have already come to public knowledge through the publication of the report of Mr. Meigs, the bank examiner. It is not necessary to disguise or explain away by false processes the facts therein stated. It is known that on the Ist of January, 1874, our liabilities exceeded our assets to the extent of $217,000, and it is also known that nothing has occurred since that time to materially diminish the space between assets and liabilities, though it is due to state that several considerable loans which were supposed at the time the report was made to be bad, have turned out to be good loans. This deficit now admitted and never denied by the undersigned is very easily accounted for, and it may serve a good purpose to state the cause of its existence. First. The managers of the “Freedmen’s Savings and Trust Company” have unfortunately endeavored to make

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