[1220] A Bureau paymaster.
[1221] Ho. Mis. Doc., No. 16, 43d Cong., 2d Sess.
[1222] Ho. Ex. Doc., No. 70, 39th Cong., 1st Sess.
[1223] See Williams, “History of the Negro Race in America,” Vol. II, p. 410. August was a month in which there was little money-making among the negroes. It was vacation time, between the “laying by” and the gathering of the crop.
[1224] Hoffman, “Race Traits and Tendencies,” p. 290, says $3,013,699.
[1225] Hoffman, p. 290; also Sen. Rept., No. 440, 46th Cong., 2d Sess. Williams, Vol. II, p. 411, states that the total deposits amounted to $57,000,000, an average of $284 for each depositor.
[1226] Dividends were declared as follows: Nov. 1, 1875, 20%; March 20, 1875-1878, 10%; Sept. 1, 1880, 10%; June 1, 1882, 15%; May 12, 1883, 7%; making 62% in all. To 1886, $1,722,549 had been paid to depositors, and there was a balance in the hands of the government receivers of $30,476.
[1227] Williams, “History of the Negro Race,” Vol. II, pp. 403-410; Fred Douglass, “Life and Times,” Ch. XIV; Ho. Mis. Doc., No. 16, 43d Cong., 2d Sess.; Du Bois, “The Souls of Black Folk”; the various reports of the Freedmen’s Bureau and of the commissioners appointed to settle the affairs of the Freedmen’s Savings and Trust Company, to 1902; Hoffman, “Race Traits and Tendencies,” pp. 289, 290; Fleming, “Documents relating to Reconstruction,” Nos. 6 and 7.
[1228] Regulations of the Treasury Dept., July 29, 1864.
[1229] McPherson, “Rebellion,” pp. 594, 595; McPherson, “Reconstruction,” pp. 147-151.