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Sovereignty and an Empty Purse: Banks and Politics in the Civil War (Princeton University Press. 1970). Klebaner, Benjamin J. American Commercial Banking: A History (Twayne, 1990). online; Mason, David L. From Buildings and Loans to Bail-Outs: A History of the American Savings and Loan Industry, 1831–1995 (Cambridge University Press, 2004).
Snowfall in the winter of 1880-1881 was unusually heavy, and March 1881 remained extraordinarily cold until its last week. Melting snow in the Dakotas, north of Nebraska, poured water into the Missouri River. John Hilger, an early resident of Pierre, South Dakota said, "When the snow started to disappear, it left in a hurry.
The real value of a bank bill was often lower than its face value, and the issuing bank's financial strength generally determined the size of the discount. By 1797 there were 24 chartered banks in the U.S.; with the beginning of the free banking era (1837) there were 712. Privately issued note, 1863
Banks began paying interest on deposits and using the proceeds to make short term call loans, mainly to stock brokers. [118] New York banks created a clearing house association in 1853 in which member banks cleared accounts with other city banks at the close of the week. The clearinghouse association also handled notes from banks in other parts ...
Dallas was established on the banks of the Trinity in hopes that navigation south to the Trinity and Galveston Bays, and ultimately the Gulf of Mexico, would eventually be possible. However, attempts to move even paddleboats up and down the river proved futile, and plans to transform the river into a canal never came to fruition. The Trinity ...
Central banks were established in many European countries during the 19th century. [174] [175] Napoleon created the Banque de France in 1800, in order to stabilize and develop the French economy and to improve the financing of his wars. [176] The Bank of France remained the most important Continental European central bank throughout the 19th ...
The city was also home to a number of banks. The Bank of Albany (1792–1861) was the second chartered bank in New York. [7] The city was the original home of the Albank (founded in 1820 as the Albany Savings Bank), [8] KeyBank (founded in 1825 as the Commercial Bank of Albany), [9] and Norstar Bank (founded as the State Bank of Albany in 1803 ...
According to historian David H. Stratton, "From the late 1890s to about 1912, a great flurry of construction created a modern urban profile of office buildings, banks, department stores, hotels and other commercial institutions," which stretched from the Spokane River to the site of the Northern Pacific railroad tracks below the South Hill. [43]