CONTENTS
CHAPTER PAGE
Preratory Note . . . . . . . . . sv Wl
I. Tue Necro at Tue CrosE oF THE Crvie War . . .
Economic weakness of the Negro race. Gradual emancipa-~
tion. Negro labor under Federal supervision. Demoralization
 at the close of the War. “Forty Acres and a Mule.”
Failure of the northern planters. The Freedmen’s Bureau.
Economic environment of the emancipated Negro.
II. ORIGIN oF TnE FrEEDMEN’S SAVINGS BANK. . . . . 19
The Allotment System and the Military Banks. Plans of
Sperry and Alvord. Incorporation of the Freedmen’s
Savings Bank.
III. OrcANizaTION AND Expansion or Tie FREEDMEN'S Bank. 29
The Act of Incorporation. Organization of the Bank.
Beginning of Expansion. The Freedmen’s Bank and the
Freedmen’s Bureau. The branch banks. List of branch
banks with dates of establishment. Interlocking boards.
IV. Tue Gooo Work oF THE Bank. . . . son
Methods of administration. Training of Negro business
men. Literature of the Bank. Good results. The deposits
and depositors.
MisMANAGEMENT AND OTHER TROUBLES . . . . . . *°
Weaknesses of the Bank. Inaccurate bookkeeping. Incompetent
 cashiers. Cases of fraud. Shortage at the
branch banks. Neglectful and unfaithful trustees. The
amendment to the charter. Loans to speculators. Jay
Cooke and the First National Bank. Procedure in making
loans. The Seneca Sandstone Company. Results of
mismanagement.

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