The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1868-05-30

Bureau OF kNf.. Freedmen and abandoned Lands.
HEADQUARTERS ASSISTANT COMMISSIONERS,
R1le h, ". c., May 1871, 1865
CIRCULAR No. 4.
The Assistant Commissioner is DESTROYS of
drawing the attention of the colored people of
this State to the Importance and benefit of the
"Freedmen's Saving Bank "-branches of
which are already in operation in Raleigh, New
bern, and Wilmington, and in few days Others
Swir be established in Charlotte and Salisbury
tThiS Institution was incorporated under an Act
b. Congress-tor the special benefit of those
Whose earnings will allow them TO lay aside
small sums OF money; providing a depository
perfectly safe and At the same time accommodating
1nterestI "A penny saved is penny earned"
was theimaxim 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.
The colored people of this community are to
all intents and purposes free and independent,
but in some respects they are still in bondage
dependent upon others. So long as they are
houseess, without shelter for their families, and
without proper apparel and food, long will
their condition be one OF extreme want and de-
pendence-and, the present condition of those
who are slaves to habits of idleness, prodigaity
or intemperancc, is far worse than their former
bondage full appreciation Of the liberty, ad-
vantages of citizenship, and opportunities for
education granted the race has been manifested,
and the benefits arising therefrom fully realized.
Noay 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 Tor
tunes. Your future career and success in life
must be determined by your own actions There
are but two paths before you: in one, you will
find idleness, prodigalty, vice, crime, slavery
either morally or physically-the other presents
irdu DrOSDerltV
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 otthc coun-
try They, acquired wealth and independents" by
industry, honesty and economy. To save the
first ten the first hundred, or the first thousand
dollars is the almost insuperable difficulty one
experiences in the task of economy. But the first
ten dollars saved, to save the hundred and thou
sand becomes easier and accumulating money,
instead of being task, gradually, but surely,
grows to be a satisfaction and pleasure. Unless
the commencement is made, and the foundation
laid, you will rem'in in poverty and Want. Let
every cent now wasted in purchasing TOBACCO,
liquors, jewery or fancy clothing, be saved,
placed in the Swings Bank and when enough
has been accumulated, buy homestead, and thus
place yourselves in circumstances both comfort
-trble and independent.
Bear in mind that every dollar deposited is
earning interest every day and while sickness
brother 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 Coy
eminent for their benefit. Soldiers especially
should take advantage of this offer, and thus
provide for future interests, by depositipg 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-one, they VIII
have sufficient funds to materially aid them in
business pursuits.
1t is not only a matter of economy, but wise
policy, to provide against contingencies common
10 ali men, such Sickness misfortune ana lhelr
attendants. Put every cent you can spare into
the Bank, and coming years will show the Wis
dom of such course.
By command of H- u
Col. and Bvt. Maj. Gen. NELSON A. MILES,
j. N~ Assistant Commissioner.
ANDREW GEDDES,
list Lieut. A. A. A. Genl