Yeah. Ok.
I'm sure that many did. But, the vast majority of the South - both White and Black were illiterate. That is why Freedman School's had just as many adults as children at first 60-100 students with One school and ONE teacher.
Many Freedman wanted to understand and read the contracts white folks were trying to make them sign - which many of them went directly through the Bureau. And they knew they were messed up.
The bureau helped planters and freedmen draft contracts on mutually agreeable terms – negotiating several hundred thousand contracts.
And Yeah - they did.
Between 1865 and 1871 the Freedman's Bank opened some thirty-seven branch offices in seventeen states and the District of Columbia. In less than a decade, an estimated seventy thousand depositors had opened and closed accounts, with bank deposits totaling more the fifty-seven million dollars.(5)
But:
In early 1874, however, overwhelmed by the effects of a 1870 amendment to its charter that changed its loan and investment policy, the Panic of 1873, problems of overexpansion, mismanagement, abuse, and outright fraud, the Freedman's Bank was on the brink of collapse. In March 1874, in an effort to maintain the confidence of its depositors, who had made "runs" on several of the branch offices, bank officials elected Frederick Douglas as president. Unaware of the true state of the bank's affairs, Douglass invested ten thousand dollars of his own money to demonstrate his faith in its future. After a few months of assessing the condition of the company, however, Douglass realized that he was "married to a corpse" and recommended to Congress that the bank be closed.(6)
Congress, by an act of June 20, 1874, authorized the trustees, with approval of the secretary of the treasury, to appointed a three-member board to take charge of the assets of the company and to report on its financial condition to the secretary of the treasury. On June 29, 1874, less than a week after the act passed, the Freedman's Bank closed. In 1881 Congress abolished a board of three commissioners and authorized the secretary of the treasury to appoint the comptroller of the currency to oversee the affairs of the bank. The comptroller was required to submit annual reports to Congress. The final report of the comptroller was made in 1920.
The closure of Freedman's Bank devastated the African American community.
An idea that began as a well-meaning experiment in philanthropy had turned into an economic nightmare for tens of thousands African Americans who had entrusted their hard-earned money to the bank. Contrary to what many of its depositors were led to believe, the bank's assets were not protected by the federal government. Perhaps more far-reaching than the immediate lost of their tiny deposits, was the deadening effect the bank's closure had on many of the depositors' hopes and dreams for a brighter future. The bank's demise left bitter feelings of betrayal, abandonment, and distrust of the American banking system that would remain in the African American community for many years. While half of the depositors eventually received about three-fifths of the value of their accounts, others received nothing. Some depositors and their descendants spent more than thirty years petitioning Congress for reimbursement for losses.(7)
Sources:
The Freedman's Savings and Trust Company and African American Genealogical Research
Freedmen’s Savings and Trust Company (1865-1874) | The Black Past: Remembered and Reclaimednot
ttp://civics.sites.unc.edu/files/2012/04/SharecroppingPPT.pdf
The Freedmen’s Bureau
Which again proves my point that the U.S. Congress Freedmen’s Bureau was not as helpful and great as some people try to hype it up to be.