The Freedmen's Savings Bank

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Multivolume work

Identifikator:: 1892063557

Document type:: Multivolume work

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Deutsche Geschichte

Place of publication:: Berlin

Publisher:: Gaertner

Year of publication:: 1891-

Collection:: Economics Books

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Volume

Identifikator:: 1892072254

URN:: urn:nbn:de:zbw-retromon-237894

Document type:: Volume

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Neueste Zeit

Volume count:: Abt. 3

Place of publication:: Berlin

Publisher:: Weidmann

Year of publication:: 1907

Scope:: XII, 539 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Fünftes Kapitel. Fortschritte des politischen Denkens

Collection:: Economics Books

114 THE FREEDMEN’S SAVINGS BANK 72,000 depositors . . . do not care very much about sympathy provided only they get their money. They have been sympathized with by their friends until they have been literally robbed. These friends of the colored people have hugged them around the neck with one hand while they have stolen the money out of their pockets with the other.” Some of the northern members acknowledged a certain responsibility on the part of Congress for the condition of the bank. Senator Morrill admitted that Congress was largely responsible, for, as he said, “we certainly gave this institution of the Freedmen’s Bank some sort of credit throughout the country.” He thought the origi- nal trustees should have been prosecuted.” Sen- ator Cameron, of Pennsylvania, contented him- self with reminding the Senate that he had pre- dicted the failure of the bank as a result of the amendment of 1870.2 Senator Sherman, who had persistently tried to induce Congress to regu- late the bank, declared that “the original man- agement of the Freedmen’s Bank grossly and scandalously abused its trust; and all the powers conferred by Congress on that corporation were in my judgment abused.”? THE TASK OF THE COMMISSIONERS But until 1881 all the debates concerning the bank resulted in no action, and the commis- 8 Cong. Record, March 3, 1875, p. 2262. ¥ Cong. Record, December 8, 1878, p. 36. » See above, p. 72. # Cong. Record, Feb. 5, 1877, pp. 1273, 1274.

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