The Independent. June 8, 1876. Freedman's Savings Bank, Authors.

The Independent. June 8, 1876

New York: Henry C. Bowen, Publisher, 1876. Tabloid. Good. Item #016885

Side folding tabloid journal. Disbound from a larger work. The Independent was a long running newspaper that promoted Congregationalism and advocated for abolition and women's suffrage, among other social issues. This issue contains a one column article on the financial fraud at the Freedman's Savings Bank in Washington, discussing the loans and misuse of money by many of those in charge of the bank. Established in 1865, the bank was created to collect deposits from African-Americans, many just emancipated. While most depositors had little money, the bank did grow. However, dubious and criminal financial transactions by board members, in combination with volatile economic circumstances led to the bank's collapse. It closed in July, 1874, and subsequently, many of the African-Americans who had deposited in the bank lost their money. Various articles on religion, politics, news, etc., also present. GOOD condition. Binding holes along left edge. General toning, minor soiling and foxing to the paper. A few small tears along the extremities. Some wrinkling and creasing.

Price: $25.00 save 20% $20.00

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