The Freedmen's Savings Bank

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

APPENDIX 149 But the worst of it is yet to tell: if you had spent the ten cents a day in tobacco and whiskey, you would not only not have had the $411.13 at the ten years’ end, but also had bad habits. Very likely you would have become a drunkard, and spent not five but fifty cents a day, if you could get them, for the drunkard’s cup. Your family would be ragged; your wife miserable, and perhaps heart- broken; your children growing up in vices, with no chance to learn to read or write. But, on the other hand, the very fact of saving the money will bring with it the pleasure, pride in yourself, good habits, good health, a good name, steady employ- ment. All people will trust you. Men will point you out and say— ‘There’s a sober, hard-working, honest man, with money ahead; you can trust him.” So, too, will your wife be proud of you, and your children will respect you and grow up willing and obedient. They will all join to aid you in saving. A pleasant strife will appear in your household to see who can do most toward adding to the father’s savings, and by the time he had saved the sum I have mentioned, very likely they have all added $200 more. But I have said nothing about the many chances which a man who has $500 ready cash in bank has to make it increase. I have just supposed a case of saving ten cents a day for ten years. Do you think any man would stop at that sum after trying it a short time? No; he would see chances to put his savings into some business of his own, and go on to buy and sell and get gain. He would not be content to work for hire all his life. He could buy his piece of land and become a thriving farmer! The earth would be working for him day and night. He would see flocks and herds grazing on his own pastures. He would drive his own horse and wagon to market. He would enlarge his fields by his gains. He would become a good citizen, giving freely to the school and church, and all things that make for peace and freedom and justice. Thus good people live. Thus whole nations grow great. Thus, in smaller cities than this, men of toil have their five hundred thousand dollars, all having commenced by

Access restriction

Copyright

fullscreen: The Freedmen's Savings Bank

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation