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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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V. Mismanagement and other troubles

Collection:: Economics Books

58 THE FREEDMEN’S SAVINGS BANK without number pasted together, balances not brought forward . . . original entries do not conform to the meaning of the transaction when carried to the ledger—credits posted as debits,” and so on.” Once when the headquarters office had several of the volumes rebound, the binders in trimming the edges cut off lines of figures. The Douglas Committee in 1876 called the attention of Congress to the condition of the books. “Their condition,” the committee report stated, “indicates a settled purpose, running through a series of years, to muddle and confuse accounts so as to make them unintelligible. But whether through design or not, such is the result. If nothing more than an occasional mistake or slight irregularity occurred, it might be set down, perhaps, to the inexperience of the bookkeepers or the want of clerical force to write up the books properly, without imputing very great harm to anyone. But it is far otherwise. The books are mutilated and defaced—leaves cut out in some places and firmly pasted together in others— without proper indexes to guide and direct the searcher into the hidden mysteries—abounding in false entries and forced balances, altogether exhibiting a labyrinth of winding and never- ending perplexities and contradictions that defy the scrutiny of the sharpest experts.” INCOMPETENT CASHIERS Serious troubles were due also to the inexperi- 7 Bruce Report, pp. 31, 163, 164, 230-233, 243, 244, 246, 250, 256, 269 (Testimony of A. M. Sperry, O. O. Howard, Stickney, C. A. Fleet- wood, Tomkins, Augusta); Reports of Experts, March 7, 1876; Douglass, Life and Times, p. 487. “8 Ho. Repoe* bo 502, 44 Cong., 1 Sess.

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