The Freedmen's Savings Bank was a result of the efforts of the
friends of the Afro-American in the North to find a means of
elevating the newly emancipated race. Organized in 1865, it grew
rapidly and established branches throughout the South. It later
failed because of dishonesty and incompetence. Fleming traces the
bank's origin, growth, decline, and failure, and he indicates its
effects upon the blacks. Originally published in 1927.
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