Stock dividends

Bibliographic data

Monograph

Identifikator:: 175754061X

URN:: urn:nbn:de:zbw-retromon-136496

Document type:: Monograph

Title:: Stock dividends

Place of publication:: Washington

Publisher:: U.S. Gov. Print. Off.

Year of publication:: 1927

Scope:: vii, 273 S.

Digitisation:: 2021

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: [Appendix]

Collection:: Economics Books

48 THE FREEDMEN’S SAVINGS BANK Englishman, who in 1870 and 1871 closely in- vestigated economic conditions in the South, was favorably impressed with the good influence of the bank. He says: “Go in any forenoon and the office is found full of Negroes depositing little sums of money, drawing small sums, or remitting to distant parts of the country where they have relatives to support or debts to discharge. ... [The literature of the bank] contains an amount of general matter very suitable to the Negroes and very desirable for them to read . . . the Freedmen’s Savings and Trust Companies do for the Negroes what our National Savings Banks do for the working classes of England, Scotland, and Ireland. . . . The Negro begins to deposit usually with some special object in view. He wishes to buy a mule or a cow, or a house, or a piece of land, or a shop, or simply to provide a fund against death, sickness, or accident, and pursues his object frequently until it has been accomplished.” !! THE DEPOSITS AND THE DEPOSITORS Only those in the vicinity of the larger towns were directly affected by the bank, but the num- ber of depositors within a few years reached a total of 75.000, who were scattered all over the South. About 30,000 of these had deposited sums of $50.00 and under; about 3,000 of them had rather large deposits. The average single deposit in the bank at one time was about $50.00. The average total deposit during the life of the Ho. Misc. Doc. No. 16, 43 Cong., 2 Sess.; Report of Meigs, National Bank Inspector, Feb. 1874. 11 Somers, Southern States, pp. 54, 55,

Access restriction

Copyright

fullscreen: Stock dividends

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation