ORGANIZATION AND EXPANSION LJ 
1870 Philadelphia, Pa. 
Atlanta, Ga. Shreveport, La. 
Columbus, Miss. 
Lexington, Ky. 1871-72 
Little Rock, Ark. Columbia, Tenn. 
Montgomery, Ala. Lynchburg, Va. 
Natchez, Miss. 
The disturbing force of Reconstruction politics 
is seen in the sudden checking of expansion in 
1867 and the slow increase afterward. Head- 
quarters remained in New York until March, 
1868, when the principal office was moved to 
Washington and Alvord was elected president.” 
A good building was erected in Washington? 
opposite the United States Treasury, at a cost 
of $260,000. This expenditure for a building was 
probably contrary to law, as was also the invest- 
ment at this time by the branch banks of 
$160,000 in real estate. 
INTERLOCKING BOARDS 
The trustees of the bank were frequently mem- 
bers of other boards which had business relations 
with the bank. Among the prominent Freed- 
men’s Bureau officials who were connected with 
the Freedmen’s Bank as trustees were General 
0. O. Howard, General C. H. Howard, General 
G. W. Balloch, General E. Whittlesey, D. L. 
Eaton, and J. W. Alvord. These men, except 
Alvord and Eaton, were also army officers, and 
® The officers in 1869 were: John W. Alvord, president; Louis Cle- 
Phaze, first vice-president; Rev. D. W. Anderson, second vice-president; 
. L. Eaton, actuary; S. L. Harris, general inspector; R. B. Hunt, 
assistant inspector.— Booklet, Freedmen’s Savings Bank, 1869. 
% On Pennsylvania Avenue and Lafayette Square, 
3C