The New York herald., 1874-07-01
THE FREEDMAN,s SAVINGS BANK.
Application To Be Made To-day for n
Recefver-A Deposition Refused Her
Money After Having Given sixty Days

Application To Be Made To-day for .
Receiver-A Depositor Refused Her
Money After Having Given sixty Da vs.
Notice.
Application is to be made In the Marine Court to
day for receiver for the 'Freedmans Savings and
Trust Company, of No. 1856 Bleecker street. at the
instance OF Arabella K. Mappin.
For some time past a great many depOstors at
this bank have been put Off with excuses and told
to call again for their money, at the same time re-
ceiving eloquent assurances that the cash was
all right and would be forthcoming in good
time. On the 2sth day OF April Mrs.
Mappin made application IOr her $59l Is.
which had been deposited at different times from
March ~, 1873 10 August OF the same year. Not
wlthstanding that the following announcement
"All deposits are payable on demand, with inter-
est due" IN three languages on the circular, the
H ito 70 wnSm she applied n9 tolG nsr S sne could
days grace. The lady not being an expert in
finance allowed the clerk, col0red gentleman, to
April ~, 1874, the following entry:-'Notice of
sixty days received for iul amount" These sixty
Iaondsyj. Mrs. Msppin made application again
Tor her money and was told she could not have It,
All efforts on her part to lnduce thspayment Ofthe
money proved lutlie and she has decided to apply
To law Tor remedy.
SKETCH OF THE INSTITUTION.
IhsFreedman's savings and Trust Company was,
according to It's own circular, chartered by the
government OF the United states on Marcn the sd,
i.65" IL purports to pay six per cent interest on
AL sums deposited, interest TO begin from the
first OF each month. and the following Is
on both bank book and cO,er-"DeDoslts
are payable on demand To induce frugality
" proclams IN suggestive print the sum
% winch ten cents day will amount to
In ten years, and recommends every one to de-
post $40 month ana al the END OF ten years draw
sLIOo. prlncpal and interest. For some time past
u nas been notorious that payments have been re.
used wnen presentation has been made. several
eo.ored persons who nave taken country, hotel
aud steamboat engagements JAILED TO get their
money when they went alter 1t, and having no
time 10 nght it out they trusted 10 luck Tor its
safety.
shortly after the great ''run" was made on all
the savings banks IN New York one was started on
ths Institution when was saved oy an appeal TO
colored pride. They refused 70 draw their money,
noiwithstanding that much was ,aid IN pubic
pint about the unsoundness oil the institution
rHR TRUSTEES OF TIE BANK
IN Washington are the following gentlemen:-
Messrs. ID. ". Anderson, J. w. Aivord A: I. Angus
q, N. ID. General George W: Bullock, General B.
W. Brice. Cher Paymsster United states Army;
sasles J; Bowen, Hon. q L: Cardoz3; Lewis Gle
Pnane, John A. Cole. william p; Drew FRED;
states Treasury; Moses Kelly, cashier National Me-
tropolitsn Bank John NJ Langston, Law Proles-
y. Purvls. NJ. D.; zalmon Richards, Audi
tor District OF Columbia; Rev. L. TalboS,
Bishop Alon Methodist Episcopal church;
states; General b.. wnittlesey, ". II. A. Wormley,
william ,ianin, OF Boston; Thomas Davis OF Provl-
Pence heary samusn ,a PnisSspn,a s y W. j. Hiyers,
Baltimore, Nd; J. J. stewart, Baltimore Nd.
samuel townsend, Baltimore Nd. }. Z. Under.
wood. Alexandria, Va; Bland Buard Louisville,
Ky.; Joseph "A. bowett, CINCINNATI, ONO Levi
Conn, CINCINNATI, ONO; Henry Harwood, Clncin-
natl, ONO; Rev. J. N. Walden. CINCINNATI, ONO;
Colonel James r. Low, Columbia, >. c.; General
RUFUS SaAtoa. 4. ;. A.
Tne trustees In New York are ". c. Bryant, r.
r. Graves. Rev. n. q. Garnet, pastor OF shiloh
Presbg teTian church; Waiter I. Hatch, Samuel
holmes Setn r. Hunt, Edgar Ketcbum, r. A. Lam.
bert President Craftsmens Lie Insurance Com
pany " y. smith, Rev. George Wnppic, Secre-
tsry OF me American klssionsry Associauons