The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-20
THE NEGROES TO
GET THEIR MONEY.
Capt. Lambs Freedman's Bank Bill
Passed the House Yesterday,
MANY RICHMOND DEPOSITORS.
TbislCty Has 1900 Claimants for the
Money ON Deposit-Thc Others Are
Scattered Throughout the south
The Bill will Pass the Senate

WASHINGTON. Dec. 19.-Special-kep-
resentative Lambs bill providing for the
payment Of certain dividends barred by
an act Of February q. ISL TO creditors
q the dcfunct Frccdmaus Savings and
Trust Company. was reported to-day 10y
Nr. Van Voorhis. Of the House Com
nittcee on Banking and Currency, and
pndcr suspension of the rules was passed
without dissent. captain Lamb made
brief explanation Of the bin IN response
20 injuries from Mr.. Dockery OF Mis-
souri,.
TIE BILL
The bin I'm question provides that tho
commissioner Of the Freedman SaNlns
and Trust Company be- and he Is hereby
authorized and directed Co pay. from the
funds In his hands available Tor tha'
purposc. 20 all claimants otherwise lc-
eallv entitled thereto who have not yet
received them. the sixty-two per ccntum
In dividends heretofore declared 10 FAVOR
~ the depoAtors OF said company. not-
withstanding the limitation for the pay
ment Of such dividends contained in Sec
zion eight of an act entitled AN act
amending the charter of the Freedman
Savings and Trust Company. ana LOT
other purposes approved February TWEEN
ty-first. eighteen hundred ana eighty
one"
This bill was reported favorably on July
1st last and Captain Lamb got permits
sion 20 call # up. but I'm the final rush
of the closing days other business on lhe
calendar had precedence.
MANY RICHMOND CLAIMANTS.
The amount involved IS S33 C8Oi The
present number Of claimants is not
known definitely just now but at the
date Of the final payment the virginia
and North Carolina claimants were num-
bered as follows. Richmond. 1856. Nor
folk. S37: Lynchburg. l55. Alexandra l5o.
Raleigh. PC: Wilmington. al; Newbcrne.
$40 Tho remaining claimants are scat
tered throughout the South and n Few
live I'm New York. Philadelphia and Bal
rimorc.
The following extract from the report
OF the Committee on Banking and Cur
rency explains the object and enect Of
The bill more explicitly.
"The bill is verbatim copy Of the
draft OF the bin submitted 10 Congress
with the last several annual reports Of
the commissioner Of the Freodman's say
ings and Trust Company. Its purpose is
to authorize the commissioner TO pay
from the moneys in his hand. belonging
20 the trust. certain dividends. now
barred by the act mentioned. I'm other
words. 1t proposes TO pay TO t'iOsc deposit
tors who have received less than five
dividends the difference between the
amount they have received and the 90 per
cent. which has been paid The balance
on hand IS believed Co be amply sufficient
to pay all claims that can be properly
presented under this act The bin carries
no appropriation from the Treasury. and
simply asks for authority 10 distribute
among the depOsitors tho money now
1yipg In the Treasury of the United States
which belongs 20 them. but which cam
not DO paid because OF the limitations
Of the act OF February 81. 1851. It's pass
sage has been recommended BY the com
missioners Of the Frccdman's Savings
and Trust Company for several years.
and the present commissioner also urges
that the bill be passed
As the passage OF this bill would sim
ply result In the payment to certain in-
dividuals Of moneys which are conceded
20 be due them, and in no wise Involves
any expenditure on the part of the gov
ernment II seems 10 be but q simple
matter Of Justice that the authority to
pay them should be given snd the COM
mittee unanimously recommend that the
bill Do pass"
WILL PASS THE SENATE.
NO diihculty is anticipated iu getting
The bin through The Senate
Controller Dawes WHO is ex-of1cio
COMMISSIONS of the dcfuucr COMPANY.
said this afternoon he was glad the hin
had passed the House and De- dd NOT
think there would De any difficulty i'm the
way or Its passage through the Senate
PERSONAL NOTES.
Mrs. W ". Grant moo Grocn0 NJ
Denver. and her sister. Mrs. Franklin
Htearnes Jr, Of Richmond. arc at the
Rigs House for n few DAYS. Tho Post
OF to-day says: "AIrs. Grants reading of
the PAPER on Pocahontas' before tho
Manor House Chapter. Daughters of
the American Revolution Saturday Mich.
ELECTED most favorable comment. she
IS no less attractive qs reader than
n singer. her enunciation being perfect.
The paper Itself showed great research.
and was most interesting throughout
Misses Virginia and Pickett Hcth have
returned 70 their home on Nassachu-
sets avenue. Cor the winter Mrs Eliza
beth Stuart Gravely. State regent of the
Virginia DWchtcrs of tho American
Revolution will be their guest this win
ger. The Misses IIeth are charming
young relatives Of Governor Tyler