New national era. [volume] (Washington, D.C.) 1870-1874, 1873-09-25
To the kOepositSrs Of the Frees
mans Bank. Your MoneysPer.
fectly safe. n. |.

81 II a
Thef"run" on this Bank has ceased.
Those who deposited their money with the
Trustees Of the Freedman's Savings and
Trust Company, on calling for it have re-
ceiyed it. This fact shows that the money
has beer safely kept.
Although, under the rules Of the Company,
sixty days. notice might have been demanded
before closing out accounts, yet, in the fear
ful panic Of the past few days, such notice
was waived, and every depositor who PIE
sented himself at the counters Of the wash
ington Branch was promptly paid. Having
shown lie soundness and its willingness to
pay even when the other savings banks in
this city found it prudent to insist upon no.
tice, it deserves renewed confidence.
In this connection it is worth while to as
sure the people Of the country that this Bani;
has no connection with any of the failing
banking houses, has no moicy invested in
railroad stocks and wildcat securities In
der the chartor cf this Rank il is allowed to
invest only in nited States bonds and real
estate securities. Ii is only necessary 10
49, ''b''' ilI''' ~ tOiiNA1k iAtSt Sttdf
into money, when every dollar deposited
can be returned. The people of the country
are assure d that this is one of the safest
banking institutions in the land. With
branches IN New \ ork, Philadelphia, Balti.
more, Washington, and all the leading cities
Of the South, it tIansaCts business without
any close connection with other banking
houses. For the convenience Of its own de-
positors money is transferred from any one
branch to another without risk or large ex-
pense. Conducted by careful men, given to
no adventures, Influenced by considerations
of perfect safety asa first necessity in saw
ings bank, We cannot commend this institu-
ton in too high terms. Even the negro min
strels trayersing the country share with us
this feeling Of perfect confidence in the Freed
mans Banks, and bring rounds of applause
in giving expression to that feeling in their
peculiar, comic songs. The Georgia Min
strels, on visiting Washington during the
fearful panic Of Friday and Saturday, the
10Th and Goth instants, sang to the great de-
light Of their audience ......>.r .
"De Washington banks am quite gwne to
bust; ,.....
Ole Aunt Jemima, SC,
In the Freedman's Banks We puts our
trusts, 1879 ...-
Ole Aunt Jemiina," &c. p tsl>..-~
Without any attempt to reflect upon other
Washington banks, in common with the SEN
timent Of the Ministries, we put our trust in
the Freedman's Savings and Trust Com
pany.
To the depositors who withdrew their
money from this Bank during the panic, We
say redeposit at once before You spend o.
lose your small earnings. Pickpockets and
thieves will have fine feast unless You heed
our advice.
| We suggest also that our leading men,
and especially the preachers in our churches,
can do much TO aliay the excitement which
naturally followed the monryed panic of the
past few days. The people who have not
time to make themselves familiar with The
internal condition Of the Bank, simply need
to be assured by those who do understand
that all is we'll, and they will be satisfied
We do not say these things for the benefit Of
the managers of the Bank, but rather for the
good Of the people. Great injury results to
hundreds Of men and women who in time Of
frenzy rush to bank and withdraw their
funds when not needed Much money with
drawn during The late excitement will be
wasted unless our leaders and .influental
men urge the people to redeposit We have
discharged Our duty in this regard