The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-29

{. ;; rom ~; s9il is Their little
;s 81, .. s e 3, S ::. f:F cas-
boart Of three commissioned for that pur.
eSsS sa moi ssd |ffR sy Sought 81
swell their gain by plunderine the despoiled and
e s yss ia, sh0 wan
ne PresdeD Who acquired P sbsi cppo 't
S To Ss S' s h. Whe ~
robbery was going on, the President was large
s6s ,bs The SsS Gown
g largely from the funds Of the bank. Under
these circumstances II might be supposed
point % personal honor that he should exert
bimseli to the utmost 10 procure an economical
trbdtton OF the proceeds to the suffering vlo-
tins o. the fraud. In fact, he appointed as Conn
misslon.rs 70 wind w the bank A. Cresss.
ono o. two other publlc Offices besides being ell.
gagged H. large private ous.aess OF his own
Robor' puryis respectable bus ICED colored
citizen and one Leopold, clerk Ia the treasury
nepsrlmen,t;s q, The salary o. each OF these men
Tss feG at s o. YEA s sspPesr h9STecoT
leagues 40 his compensation Tor doing all the
WORK They were thus enabled to pocket $1,000
annually out OF the remains OF the deposits for
doing nothing This Commission have expended
Cs,perntnsps ! might more properly ssy, wasted,
tlblNNb, ana nave deOlAod one dividend Oh
such. m, ..--.ands, Is hasty recital Of the foul
wrongs to which the aapiess freedmen have
been subjected at the hands 81 Grant and bis
accompiices In and out OF Congress.
NOV wish To- submit, ptoposl,ico
OF the United states shall pay from the public
Treasury sum sufficient TO make good TO the
depositors IN the Freedmens Savings and Trust
Company both the principal and interest Of their
money. ] submit this proposition after mature
elaboration, because al the time that the lns,l-
the freedmen Of tho South were. to all intents
and purposes, the wards Of the nation. They
had been made TO believe by the officers Of the
bank and Its branches, as well as by the agents
Of the Freedmens Bureau, which went into
operation simultaneously, that II was Govern
ment institution, aud that the United states
money on demand with Interest Mir sperry' fin
his testimony before the investigating commit
tee, swears that at Vicksburg and other places
the inducement was held out to depositors to
cause II was Government institution. My es-
teemed friend Mr.. John J. Zuile, who go ably
and faithfully managed the affairs OF the
branch bank established IN Beecker street,
In this city, Informs me that Of the two thou
sand depositors IN this Institution fully nine.
United states was directly responsible for tho
repayment Of their money with interest.
Furthernore,tt Is patent 10 tho world that Con-
gress, without the consent ur knowledge Of the
0epostors. aunulled that provision Of the char
ter, which, 10y requiring that all money should
be Invested IN securities Of the United states,
furnished perfect safeguard against loss. Nor
Is this all When the fact was brought to the
knowledge Of that body that the institution was
60 conducted as to render bankruptcy inevita-
BILE. II turned deaf ear TO every appeal TO
tain the truth 10y investigating Its affairs.
For one, Wish to say that ! anl ready and
willing to he taxed to make good the lo-sea 81
the haples- freedmen. IL gives me uudisseu-
bled satisfaction to add that Of the large num-
Der Of persons to whom | have submitted the
plan Of reimbursing the lepositors from the
public Treasury. have not met Win single
dissenting voice | have submitted my plAn alike
to Northern 4nd 20 southern men.
within DAY or two | have preseoted N 10 a
distinguished citizen OF Alabama. | refer TO
Benjamin NJ. Woo-cy ESD. ~ selma lie not
only expressed his entire and cordial approval ~
| II. but assured me that the planters aud the
white population u the South generally would
| give II their cheerful and earnest support.
believe that hazard nothing Ia predicting
| that the Democratic party, II placed 10 powU
| will do Justice to the freedmen.