Freedmen, Philanthropy and Fraud : A History of the Freedman's Savings Bank

From dust jacket notes: "'The black man's cow, but the white man's milk' - this was how Frederick Douglass and many others viewed the Freedman's Savings Bank. Begun in 1865 to provide freedmen with a place for saving the profits from their crops and bounty payments from military service, within a scant decade the Bank had failed. Too late, depositors discovered that the Bank's prestigious directors had manipulated and embezzled the funds which they had been carefully and conscientiously entrusting to it...."