Bank of Pennsylvania
The Bank of Pennsylvania was established on July 17, 1780, by Philadelphia merchants to provide funds for the Continental Army during the American Revolutionary War. Within a year after the Union was founded in 1781, the Bank of North America superseded the Bank of Pennsylvania.[1]
In 1793, the Bank of Pennsylvania was re-established, with a charter from the Commonwealth of Pennsylvania, and branches were opened in Pittsburgh, Harrisburg, Lancaster, Reading, and Easton.[2] The bank collapsed in September 1857, with Thomas Allibone of the family firm Thomas Allibone & Co. serving as its president.[3]
In 1870, he only remaining piece of the bank headquarters building — one of its Ionic stone columns — was moved to Adrian, Michigan, where it was erected as a Civil War Memorial in commemoration of the 84 local soldiers who died in the American Civil War.[4]
See also
References
- ^ Kaplan, Edward S. (1999). The Bank of the United States and the American Economy. Greenwood Publishing. pp. 11–12.
- ^ Klein, Philip Shriver; Ari Hoogenboom (1973). A History of Pennsylvania. Penn State Press. p. 223.
- ^ History of the Friendly Sons of St. Patrick and the Hibernian Society for the Relief of Emigrants from Ireland, John Hugh Campbell, Hibernian Society, 1892
- ^ State of Michigan (2009). "Civil War Memorial". Archived from the original on 5 June 2010. Retrieved June 1, 2010.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help)