The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1868-06-04
OFFICIAL
Bureau of Ref, Freedmen and Abandoned Land

Bureau of Ref, Freedmen and Abandoned Lands.
HEADQUARTERS ASSISTANT. COMMISSIONED
| ..- E., .... Rale h, N c., May 18th, 1885,
| CIRCULAR No 4.
The Assistant Commissioner is desrous of
drawing the attention of the colored people of
this State to the Importance and benefit of the
''Frecdmen's Saving Bank "-branches of
which are already in operation in Raleigh, New
bern, and Wilmington, and in a few days Others
will be established in Charlotte and Salisbury
This institution incorporated under an Act
| OF Congress-for the special benefit of those
| whose earnings will allow them to lay aside
small sums of money; providing depository
perfectly safe, and at the same time accommodating
interest. " penny saved is penny earned, "
was the maxim of wise and great man and one
worthy of being followed.
These Banks will receive monies in small or
large amounts, and at the end of every six
months, interests is added TO the principal; and
thus every deposit earns something and by this
system of compromising interest, the original
amount. doubles itself every few years. -z--
The colored people of this community are to
| all intents and purposes free and Independent,
but in some respects they are still in bondageor
| dependent upon others. So long as they are
houseless, without shelter for their families, and
without proper apparel and food, so long will
| their condition be one of extreme want and de-
| pendence-and, the present condition of those
who are slaves to habits of idIeness, prodigality
| or intemperance, is far worse than their former
| bondage. full appreciation of the liberty, adj
vantages of citizenship, and opportunities for
education granted the race, has been manifested,
and the benefits arising therefrom fully realized.
No,c is the time to lay the foundation OF future
wealth, prosperity and happiness.
Everything has been done for you that
possible you must now carve out your own for
tunes. Y our future career and success in life
| must be determined by your own actions There
are but two paths before you in one, you will
lind ideness, prodigality, vice, crime, slavery
either morally or physicaly-the other presents
il dustry, economy, sobricty, prosperity and hap
! piness. One great and important lesson for you
to learn, is the value and power of money.
| The wealthiest men of our land were, a few
years since, among the poorest boys ofthe coun-
try. They acquired wealth and independence by
industry, honesty and economy. To save the
first ten, the first hundred, or the first thousand
dollars is the almost insuperablc difficulty one
experiences in the task of economy But the first
| ten dollars saved to save the hundred and thou
sand becomes easier and accommodating money,
instead of being task, gradually, but surely,
grows to be q satisfaction and pleasure. Unless
the commencement is made, and the foundation
laid, you will remin in poverty and want. Let
every cent now wasted in purchasing tobacco,
liquors, jewelry fancy clothing, be saved,
placed in the Savings Bank, and when enough
has been accumulated, buy homestead, and thus
place yourselves in circumstances both comfort
| able and independent. .f--.
Bear in mind that every dollar deposited is
earning interest every day and while sickness
Orsother causes suspend daily employment, the
little sum in the Bank grows larger every hour
The particular attention of all colored people
is called to this opportunity afforded by the Gov
ernment for their benefit. Soldiers especially
shonld take advantage of this offer, and thus
provide for future interests, by depositng each
pay day portion of their monthly pay, thereby
providing something to aid them when their
| term of service expires. .... .
Let the children be taught to lay aside every
penny they get, and when it amounts to ten
cents, put it in the Savings Bank, and when
they arrive at the age of twenty-onc, they will
haze sufficient funds to materially aid them in
business pursuits ....
It is not only matter of economy, but wise
policy, to provide against contingencies common
to all men, such as sickness: misfortune and their
| attendants. Put every cent you spare into
| the Bank, and coming years will show the wis
dom of such a course. &C.,. #l. u
By command of -.a -.
Col and Bvt. Maj. Gen. NELSON A. MILES,
l. - .--r Assistant Commissioners.
ANDREW GEDDES,
ff.. ...tH LIST Lieut.. A. A. A. Gen'l