The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1874-05-02


Il i reported from Washington ihas he
Repablieaa leaders - trying . patch Up
: pesne among thsmast 81 on The currency
question, but shst he prospect i doubt.
inl Tbs men vko cry for more iFredeem-
able paper noaay are 20 more 70 be
appeased Ghan spoiled shilasen who cry
FER tbs meeu Bssless Ferry, Morton and
Logan, are Il The head of The inaationisss,
aud in responsible los the breach with the
President, and although they are reported
= trying d heal Tie breach. i Is likely 70
widen md deepen, whether they win or
ret.
a dispatch 10 the New York Sun, says
that wsE il d be made on the New York
7smss, and that arrangements have been
completed il Washington for the publica-
ten If new Republican newspaper ofthe
Grant and Custom House stripe in New
York city. Tbs money has all been raised,
and negotiations are pending with the
owners Of the World and the Express,
either Of which, il IS understood. can be
purchased Both journals ask good
round price, that Of The World being the
highest Of the TIVE. bat il Is necessary to
purchase IN established journal to get the
benefits Of the Associated Press despatch
e. This statement should be accepted
win some grains Of allowance fora moder-
ats degree Of fiction.
Much excitement exists IN Washington
over the exposure, through the report Of
the National Bank Examiner, Mr Meiggs,
Of the bankrupt conditicn Of the Freed
mems Savings Bank, Of which Fred Doug
lass Is President. This institution has
branches in Baltimore, New York, and
several southern cities, the recsptacles Of
She hard.esrned savings Of the poor ignor-
ant negroes, who are thus likely to lose
their little ~, through the confidence they
have reposed in this eolored mans Savings
Bank. The business of the mother Bank,
al Washington, appears to have been
loosely conducted, and the same may be
said Of most Of the Southern branches.
Heavy discounts have been made by the
Washington institution, upon insufficient.
security, 70 white political favorites. This
i refinement Of rascality and cruelty
towards the negro population, without
parallel The Baltimore Gasette gives
expression TO its indignation in these
terms
isWhite Radicalism had no idea that even
the limited means Of the negro population of
the seat of Government should 20 unspoliated.
To plnnder the disffanchised white man of the
South, and prey upon the enfranchised black
man Of the District were kindred impulses
and 50 the Washington Freedmen's Savings
Bank was gotten up. There, the earnings Of
the negro we're to be ahundantly safe No
pro-slnvery Democratic white man should have
anything 70 do with It. Thither, Of course,
yielding to On impulsive nature, rushed the
freedman, snatching with sort Of nervous
energy hisdeposits from any white man s bank, |
and very soon the Golfers were full. And now
the result. ingeneral terms deficit ofnearly
half u mllhon-in precise figures, $424, 1881
The surplus Of deposit account, according to
their own book keeping 1.-THE like Of which was
never read of-.is but $49, 200. There is in
this affair an insoience Of rascality utterly
IL.
with actual horror from the books Of this
bank, where he says, among other things, SIN
checking Of balances, two or more accounts
would appear 70 be open, and one deposilor
would be represented by two or three balances
on the sheet. Yet, with all bis balances, be
could not get cent And then the invest
mentsl We have not the heart TO write Of
them. But among them crop out, as usual,
pseudo-religlonlem and its great apostles,
General O. O. Howard, and Mr.. Henry d.
Cooke, Vice President and Treasurer Of the
Young Mems Christian Association, and the
Howard University, in close communion with
the NV Washington Club, y borrower Of S2s, 500, |
figuring to the aggregate amount, exclusive of
81, 600 on Congregational Church bonds, Of
$134, cool No one can foretell the ultimate
result Of 81 this, but, naturally, forebodings
Areof the darkest, forweread that the branches |
throughout the South seem TO have been
ma = shs same 81 loose xay and says
concern Vii ssse q be wound ap.'' We have
aos room . point the moral Of all this, as we
INV Il q eai n. sum
worse or more faithles. enemies than the
sas wao ~ has, sympathy no
hsviugopposed the processes By which freedom
wes secured, TANKS : base and unmanly
81 .,-. Il. II
J. - s1s'. -: -a ~ ~
..4' :, 81 s''''s = VIM - :
@ "a s'sa''''s = ~ o0'es naa
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80 ~ N0u8tNra TUT. 1Omt Will thus De-