"White man bery unsartin": "Nigger haint got no friends, no how"; the blackest chapter in the history of the Republican Party; the men who robbed and combined to rob the freedmen of their hard earnings.Adams, F. Colburn (Francis Colburn)
History
"White man bery unsartin": "Nigger haint got no friends, no how"; the blackest chapter in the history of the Republican Party; the men who robbed and combined to rob the freedmen of their hard earnings.
Adams, F. Colburn (Francis Colburn)
Freedman's Savings and Trust Company
Even high-toned robbery has its vein of romance, and there was something
romantic in the early stages of the history of this gigantic robbery. One
cold, stormy November night, in the year 1871, my rooms were invaded,
and my reveries broken by a man I regarded as an intruder. He threw off
his wet coat, put his umbrella in the coal box, and I invited him to
take a seat. “I am here,” he said, “on a very important mission.” He was
considerably excited, and for some minutes spoke with a tremulous voice
and somewhat incoherently. At first I thought he was under the influence
of liquor, but I remembered that he was not given to the cup. I begged
him to concentrate his thoughts, and tell me in the fewest words possible
what he had to say.
“Mr. Adams,” he said, after pausing a moment, “I know you are a true
friend of the colored man.”
“Well, never mind that,” said I, “proceed with what you have to say.”
He did proceed, and disclosed to me the most monstrous plot for getting
possession of the money deposited in the Freedmen’s Bank, and that by
men who had been prominent Republicans and professing Christians. There
was something so monstrous, so heartless, and so at variance with the
laws which ordinarily govern human actions, as to create a doubt in my
mind of the truth of what he said. The name of this gentleman was John R.
Elvans, a member of the Examining Committee of the bank, who informed me
that he had protested, in the name of honesty and humanity, against the
contemplated robbery, and had resigned rather than have it appear that
he had countenanced so monstrous a wrong. (Just here I desire to put on
record this acknowledgment of Mr. Elvans’ honesty.)
The substance of the plot was that the six millions of hard earnings of
the slaves, constituting their lifetime savings, were to be got by the
conspirators on worthless securities, such as bogus paving company stock,
second mortgage bonds, and stock of the Seneca Sandstone Company, shares
of the Young Men’s Christian Association, and other stuff even more
worthless. He also insisted, with considerable emphasis, that the Seneca
Sandstone Ring had got complete control of the bank’s money.
In reply to a request that Mr. Elvans would give me the names of the
men prominent in so dastardly a conspiracy, he gave me those of A.
R. Shepherd, Hallett Kilbourn, William S. Huntington, Doctor John L.
Kidwell, Lewis Clephane, O. O. Howard, and D. L. Eaton. He also asserted
with some vehemence that the officers of the bank, professing Christians
and pretended friends of the negroes, were “deepest in the fraud.”
In order to be sure of my ground, and not to be misled, I requested Mr.
Elvans to get me a transcript from the books of the bank, of the loans
he had asserted had been made on those worthless securities. Two days
afterwards he brought me the desired transcript, which is now before me
in his own handwriting. The following is an exact copy of it:
Public-domain text, read in full here on John Shaqi.
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