New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-27
THE FREEDMANS SAVINGS BANK.
A BILL TO PROVIDE FOR THE PAYMENT OF DEPOS-
TORS FROM THE FEDERAL TREASURY.

IToRs FROM THE FEDERAL TREASURY
IBY TELEGRAPH TO TIE TRIBUNE
WAsHlNGIoN. March 2G.-A bill has been pre-
pared which, after setting forth in preamble that
it was through ill-adylscd legislation oI Congress
that GOOD and ample securities for deposits in the
late Freedman's Bank and Trust COMPANY were eX-
changed for valueless aHd speculative securities,
and that by reason Of lhis action of Congress said
trust company failed, to the injury and ruin OF
many of the poorest and most dependent Of our ct-
izens and the destruction of their confidence IN the
Government whose wards they were, provides that
ali the assets of the bank shall be turned over to
the Secretary Of the Treasury, who, after due ad-
vertisemeat, shall cause the same TO be sold.
All claims of the bank now in SUIT 1t IS proposed
10 prosecute to final judgment and the sums realized
are to be placed in the Treasury. WITHIN SIX
months after the passage OF the act the bill Directs
the Secretary 10 pay the Freedmen deposItoIs, or
their legal representatives., The balance OF deposits
that may be due not recognizing the validity OF any
transfer of pass books from the d"p0sors to att0r-
news, unless such transfer Is shown to have been
made before January l. 1875.
The Secretary is prccluded from recognizing any
power of attorney given to any caim agent, unlcss
n distinctly states that the agent slal nave agreed
before United States Commissioner To make cOileC-
lions without fee or compensation OF ANY hind
WHY COLORED PEOPLE LEAVE THE SOUTH.
TESTIMONY OF 4 COLOEED PREACHER AND MEM-
IHK SENATE EXODUS COMMIfTEE-nOW 1IE
SOUTH MAY RETAIN Irs LABoEEHs.
WAsHINGToN. March 26.-rhe Senate EXo-
aus Committee to-day resumed its session not having
held meeting since last Saturday. The hr>t witness
called was b. T. Watson cO!ored preacher from Kansas
City, No. He testified that through bis own efforts and
those OF some private persons about $500 cnigrants
from the South had been aided In setting In
different paris OF the State OF Kansas. He
hrfqf q
about 600 white and cOlored people from Canton, Miss
TO Kansas City, No. which was gotten up for the par
pose Of investigating the true condition OF the coored
people who had gone to Kansas IL having been reported
that they had emigrated TO miserable country. and
were not in a prosperous condition The witness said
several hundred OF the exoursOnsts went 10 Topeka
Kan and returned thoroughly convinced that these
poris unirne and that some 0 tnen after heir re-
turn home to Mississippi had emigratcd TO Kansas.
The witness thought that unless different treatment
shonld be accorded the eOlored people in the South
they would continue to leave. When asked what effect
the next Presidential election would have the exodus
mayemept he said il depended altogether upon chow
the drip drops or he explained TINS expression,
who was elected President IN 1880 IL Democrat Is
elected 1t will continue II Republican, such one
a General Grant, who will protect them In their pot-
ica rights they may stay He admitted that there had
been more riots and outrages during General GRANTS
Administration than since, and explained this by us
sertlng that since the advent OF the Hayes AdIas-
taton the coored people have accepted the situation
As hopeless Offering little or no resistance to
oppression, and no trying to get away as fast
as possible The white people South, he said were be-
ginning TO see that live negro is better than dead
one as they need his labor they alsc that killing
them frightens the rest away so they have In great
measure stopped killing them. but they accomplish
what they want in the Of maintaining political
supremacy by cheating them at the polls.
PERSONAL EXPERIENCE IN MISSISSIPPI
The next witness examined was j. NJ Brown, col
ored man from Topeka Kan and superintendent OF the
Kansas Relief Association Mr.. Brown stated that he
had lived In Mississippi from 1871 until the latter part
of 1878 and that from 1871 until 1873 he was engaged
IN teaching school, In 1879 he was elected e5syn OF
rot broke out IN hat county at Frars Pont where he
readed and which lasted for several days ne gave
nsted account of the part he took III the riot and IN
attempting prcyentt He said Il geW Out 1i s1n ye
excitement attending the Auumnal eleoton IN 1870,
and threw oil the blame for IL upon whte DehocIatss
tom Coahoma aud adjoining countless VINO in'erie'ca