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 159 strongly to this feature of the bill. On the score of justice, I should like to see the guilty exposed and punished; but in the interest of saving something from the wreck, I am for keeping out of the courts. Suffice it to say in conclusion that I like your bill as a whole. Respectfully yours, Frep’x DoucLass. 5. EXTRACTS FROM THE TESTIMONY TAKEN IN 1910 In 1910 Representative Austin of Tennessee asked for a hearing before the committee on Banking and Currency in support of House Bill No. 8776 to reimburse the de- positors of the Freedmen’s Bank and Trust Company which had failed thirty-six years before. The members of the committee appeared to be but little interested in the matter and to know but little about the history of the bank. Among those who spoke in support of the bill were three prominent negroes: J. H. Hayes of Richmond, Vir- ginia, lawyer and editor of St. Luke's Herald; Judson W. Lyons of Augusta, Georgia, formerly Register of the Treasury; and Reverend James L. White, president of the Home for Aged and Infirm Colored People, in Washington, D. C. The extracts which follow are from the statements of these men. Statement of J. H. Hayes: A gentleman asked the question as to the responsibility and liability of the Government, moral or legal, or what not. If you shut your eyes a minute and think of the men forty-five years ago, think of the chaos as compared to today, think of four or five millions of people turned loose, that they were free and could go among people and engage in the thrift and enterprises of the country, and there came from Washington—and everything was now at Washing- ton, it was the Mecca then of all the Negro ideas and hopes—a mission, what were these people to think but that the Government itself had sent them to help the

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