"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
George W. Stickney, the man who brought so much scandal and disgrace
on the bank, again employed and paid the salary of a Commissioner!
Shame! What service this man could render, except explaining his own
irregularities, I am unable to discover.
The Hon. Beverly Douglas, in his report to Congress more than two years
ago, showed us exactly what manner of man this Stickney was. He also
showed us, in language not to be mistaken, how shamefully Stickney had
abused his trust. He showed us that Stickney had not only allowed his
friends to raid on the bank’s funds, but was himself a debtor to it in a
very considerable amount; also that he was responsible for the large and
very bad loans made to what was known as the Washington Ring.[3]
I can only account for Stickney’s employment by the Commissioners on
the theory that the old Washington Ring is still active in controlling
the bank’s officials, and that the Commissioners are more in sympathy
with the men who defrauded the bank, than the men and women who were the
victims of the fraud. In the face of all this the Commissioners tell us
again they have “no knowledge of any improper use of the funds of the
company to which reference is made in the preamble of the resolution”
(Mr. Muller’s) “of the House of Representatives.”
Why, gentlemen Commissioners, this Stickney business has been the scandal
of the town for months, and it is your fault that you have been deaf to
it.
Now mark this strange admission. In a side note on page 87 of the report
made in response to Mr. Muller’s resolution, the Commissioners say,
“Balance due from him (Stickney) as late Actuary Freedmen’s Savings and
Trust Company, being paid by services.” The reader will admit that this
is a new, if not entirely novel, method of allowing a delinquent official
to discharge his indebtedness to a bank for the savings of the poor.
THE COMMISSIONERS.
Public-domain text, read in full here on John Shaqi.
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