The Freedmen's Savings Bank

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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

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VII. The work of the commissioners

Collection:: Economics Books

106 THE FREEDMEN'S SAVINGS BANK maintain some kind of an organization and were several times called together by Dr. Purvis (son of Commissioner Purvis) to consider the actions of the commissioners and to give them advice and instructions. Creswell and Purvis who seemed to think that the trustees had a right to advise, gave considerable attention to their wishes, but Leipold took the view that the board of trustees no longer existed and refused to per- mit any interference. This stand greatly angered the Purvises.® Several attempts, probably inspired by Leipold, were made to get measures through Congress directing the commissioners to bring suit against trustees, officials, and agents who were charged with illegal practices. These efforts though sup- ported, it was rumored, by the Treasury Depart- ment, were opposed by the friends of the trustees and by the Negro members of Congress, and re- sulted each time in failure.’ OPPOSITION TO THE COMMISSIONERS Among those interested in the bank, there was some hostility to each individual commissioner and much unfavorable criticism of them collec- tively on account of their disagreements and their methods of work. So unpleasant was their position and their personal relations that all would have resigned in a body, but they were informed by the Attorney General that only by an act of Congress could they be relieved of their 9 Bruce Report, pp. 62, 74, 78. 10 Congressional Globe, March 3, 1875, p. 2262, and Dec. 14, 1875, p. 207: Bankers’ Magazine, June, 1875.

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