Bank of the United States (1816-1836)

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In 1816, the Bank of the United States was rechartered, the first charter having expired in 1811, in an attempt to stabilize the national currency. Within the first three years, the bank was nearly ruined due to mismanagement. Langdon Cheves was elected president of its board of directors in 1819 and restored the bank's credit. In 1822, he resigned the post and was succeeded by Nicholas Biddle. The national charter for the bank expired in 1836, but Biddle kept the bank in operation until 1841, using a state charter.

From the description of Letters, 1822-1838. (Harvard University). WorldCat record id: 612829191

Nathan Meyer Rothschild was born in Germany and as a young man became a naturalized citizen of England. His financial acumen and information network were instrumental in opposing Napoleon I and keeping England's stock market afloat, and he amassed a huge fortune in the process. Along with his father and five brothers, Rothschild helped establish a financial empire across Europe, lending money to governments to finance railroads, mines, and other endeavors, including the Suez Canal.

From the description of Stock certificate for forty shares in the Bank of the United States issued to N.M. Rothschild, 1834 Oct. 23. (Pennsylvania State University Libraries). WorldCat record id: 51590006

A first attempt to create a national bank for the United States failed in 1811, but debt accrued from the War of 1812 compelled Congress to charter a second Bank of the United States. At the time of the election of Andrew Jackson to the presidency in 1828, the bank was operating successfully, but the President and several of his political allies believed that such a large private institution would necessarily be vulnerable to corrupting influences. Jackson and the bank's director, Nicholas Biddle, clashed several times throughout the early 1830s, and Jackson refused to re-charter the institution in 1832. That, coupled with the withdrawal of federal funds from its coffers, effectively destroyed the Bank, and it closed in 1836.

The headquarters of the Second Bank of United States was in Philadelphia. This volume belonged to the New York branch.

From the guide to the Bank of the United States signature book, 1834-1836, (William L. Clements Library, University of Michigan)
Archival Resources
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referencedIn Biddle, Nicolas, 1786-1844. Correspondence, 1823-1836. The Claremont Colleges, Claremont University Consortium
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referencedIn James K. Polk Papers, 1775-1891, (bulk 1830-1849) Library of Congress. Manuscript Division
referencedIn Swisher, Carl Brent. The Carl Brent Swisher collection of research materials relating to Roger B. Taney. 1836-1962. Library of Congress. Manuscript Division
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referencedIn Tilford, John. John Tilford correspondence, 1830 January 1. Library of Congress
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referencedIn Randolph, Sarah N. (Sarah Nicholas), 1839-1892. Papers of the Randolph family [manuscript], 1790-1903. University of Virginia. Library
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referencedIn Graham family. Papers, 1798-1925 Virginia Historical Society Library
creatorOf Bank of the United States (1816-1836). Letters and minutes, 1819-1842. University of Pennsylvania Library
referencedIn Finis Ewing collection, 1824-1841 L. Tom Perry Special Collections
referencedIn Blair, Francis Preston, 1791-1876. Papers, 1831-1867. Duke University Libraries, Duke University Library; Perkins Library
referencedIn Polk family papers, 1767-1859 Library of Congress. Manuscript Division
referencedIn Brock Collection: United States courts in Virginia collection, 1794-1879 (bulk 1801-1860). Huntington Library, Art Collections & Botanical Gardens
referencedIn Rowan, John, 1773-1843. John Rowan : miscellaneous papers, 1807-1841. The Filson Historical Society
creatorOf Woodbury, Levi, 1789-1851. Letters, 1832, 1837. Harvard Law School Library Langdell Hall Cambridge, MA 02138
referencedIn Savings Institution of Richmond. Virginia banks collection, 1841-1879. Huntington Library, Art Collections & Botanical Gardens
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referencedIn Gooch family. Papers, 1800-1891 University of Virginia. Library
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referencedIn Gooch family. Papers : of the Gooch family, 1812-1961 (bulk 1812- 1865). Virginia Historical Society Library
referencedIn Andrew Jackson Donelson Papers, 1779-1943, (bulk 1813-1869) Library of Congress. Manuscript Division
referencedIn Dreer, Ferdinand Julius, 1812-1902,. Miscellaneous manuscripts, 1730-1892. Historical Society of Pennsylvania
referencedIn United States. District Court (New York : Southern District). Equity dockets and case files, 1791-1846 [microform]. Hagley Museum & Library
creatorOf Bank of the United States (1791-1811). Bank of the United States stock indentures, 1793-1818. College of Charleston, Marlene and Nathan Addlestone Library
referencedIn [Collection of pamphlets on banking, currency, and commerce]. Newberry Library
referencedIn United States. Circuit Court (Ohio : Southern District). The President, directors and company of the Bank of the United States vs. Ralph Osborn, Auditor of State, 1819-1821. Ohio History Connection, Ohio Historical Society
referencedIn Baring Brothers & Co. Baring Brothers & Co. records, 1803-1833. Library of Congress
referencedIn Cheves, Langdon, 1776-1857. Langdon Cheves papers, 1800-1967, bulk 1800-1844. University of South Carolina, System Library Service, University Libraries
referencedIn Smith, Samuel, 1752-1839. Letters : Baltimore, to Alexander J. Dallas, 1800-1816. Rosenbach Museum & Library
referencedIn Henry Clay Family Papers, 1732-1927, (bulk 1814-1852) Library of Congress. Manuscript Division
referencedIn Jamison, John, ca. 1775-1819. John Jamison letter, 1817 Sept. 30. Louisiana State University, LSU Libraries
creatorOf Bank of the United States signature book 1834-1836 Bank of the United States signature book William L. Clements Library
referencedIn Green, Willis. Willis Green : papers, 1818-1893. The Filson Historical Society
referencedIn Ord, George, 1781-1866. Letters, 1832-1864, to Charles Waterton. American Philosophical Society Library
referencedIn Chauncey, Elihu, 1779-1847. Letters, 1833 Dec. 21-1834 May 5, to Daniel Webster. New Hampshire Newspaper Project
referencedIn Biddle, Nicholas, 1786-1844. Letters, 1830-1834, to Gulian C. Verplanck. Rosenbach Museum & Library
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creatorOf Boyles, James. [Collection of bank notes and checks.]. Library company of Philadelphia
referencedIn Carr, George, 1800-1886. Papers of George Carr (1745) 1801-1939. University of Virginia. Library
referencedIn Webster, Daniel, 1782-1852. Letter, 1828 March 20, Washington [DC], to Mr. [Nicholas] Biddle. Dartmouth College Library
referencedIn Kell, John McIntosh, 1823-1900. Papers, 1785-1921 and n.d. Duke University Libraries, Duke University Library; Perkins Library
referencedIn McCall, Henry, fl. 1773-1835. Henry McCall's Evan Hall plantation book, 1773-1835 [microfilm manuscript]. University of North Carolina at Chapel Hill
referencedIn Aaron Burr - Letters and documents, 1779-1817. Columbia University. Rare Book and Manuscript Library
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referencedIn Polk family. Polk family papers in the Library of Congress, 1767-1859 [microfilm manuscript]. University of North Carolina at Chapel Hill
creatorOf Bank of Columbia (Georgetown, Washington, D.C.). Bank of Columbia Records. 1794-1828 (inclusive). Porterville Public Library
referencedIn Caldwell, John, fl. 1810-1850. John Caldwell papers, 1766-1917 (bulk 1810-1850). University of North Carolina at Chapel Hill
referencedIn United States Finance Collection, 1761-1908, (bulk 1793-1873) Library of Congress. Manuscript Division
creatorOf Bank of the United States (1816-1836). Records. Ohio History Connection, Ohio Historical Society
referencedIn Kearney, Philip, b. 1780. Letter, 1834 Jan. 19. The Filson Historical Society
referencedIn Biddle, Nicholas, 1786-1844. ALS : Philadelphia, to Gulian Crommelin Verplanck, 1831 Apr. 12. Rosenbach Museum & Library
referencedIn Jonathan D. Meredith Papers, 1795-1859, (bulk 1810-1859) Library of Congress. Manuscript Division
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referencedIn Chesapeake and Ohio Canal Company. Letters concerning the Chesapeake and Ohio canal., 1828-1829. University of Virginia. Library
referencedIn Thomas Ewing Family Papers, 1757-1941, (bulk 1815-1896) Library of Congress. Manuscript Division
referencedIn Clay, Henry, 1777-1852. Henry Clay letters, 1825-1851. Newberry Library
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referencedIn Crawford, William Harris, 1772-1834. William H. Crawford letter, 5 June 1822.
referencedIn Nicholas Biddle Papers, 1681-1933, (bulk 1775-1846) Library of Congress. Manuscript Division
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referencedIn Habersham family. Papers, 1750-1860. Duke University Libraries, Duke University Library; Perkins Library
referencedIn Clay, Henry, 1777-1852. Letter to Nicholas Biddle [manuscript] 1823 Feb. 27. University of Virginia. Library
referencedIn Cooper, Thomas, 1759-1839. Letters, 1800-1816, to Alexander James Dallas. Rosenbach Museum & Library
referencedIn Jefferson, Thomas, 1743-1826. Correspondence, 1775-1826 University of Virginia. Library
referencedIn Samuel Smith family papers, 1772-1911, (bulk 1777-1865) Library of Congress. Manuscript Division
creatorOf Halsted, George W. George W. Halsted promissory note, 1832 Mar. 2. Louisiana State University, LSU Libraries
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referencedIn Brown, Orlando, 1801-1867. Orlando Brown : papers, 1780-1898. The Filson Historical Society
referencedIn Bank of the United States (Baltimore, Md.) Records, 1795-1855, (bulk 1816-1846) Library of Congress. Manuscript Division
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referencedIn Hubbard, David, 1792-1874. David Hubbard papers, 1807-1871. Tennessee State Library & Archives, TSLA
referencedIn Hill, Isaac, 1789-1851. Isaac Hill papers, 1829-1834. Library of Congress
referencedIn Foote family. Papers, 1759-1987 The Filson Historical Society
referencedIn Martin Van Buren Papers, 1787-1910, (bulk 1820-1850) Library of Congress. Manuscript Division
creatorOf Bank of the United States (1816-1836). Bank of the United States (1816-1836) records, 1817-circa 1848. Library of Congress
referencedIn Biddle, Nicholas, 1786-1844. Nicholas Biddle collection, 1800-1838. Princeton University Library
creatorOf Bank of the United States (1816-1836). Letters, 1822-1838. Houghton Library
referencedIn Cheves, Langdon, 1776-1857. Letter : to Seth Wheaton, 1822 July 18. South Carolina Historical Society
referencedIn Lucas, Edward, 1780-1858. Papers, 1821-1868. Duke University Libraries, Duke University Library; Perkins Library
referencedIn Beauregard, G. T. (Gustave Toutant), 1818-1893. Papers of the Harrison family [manuscript] 1720-1960. University of Virginia. Library
referencedIn Andrew Jackson Papers, 1775-1860, (bulk 1785-1845) Library of Congress. Manuscript Division
referencedIn Parish, David, d. 1826. ALsS : Philadelphia, to Alexander James Dallas, 1814-1816. Rosenbach Museum & Library
referencedIn Lewis Cass papers (1774-1924) William L. Clements Library
referencedIn Leigh, Benjamin Watkins, 1781-1849. Papers, 1813-1853. Duke University Libraries, Duke University Library; Perkins Library
referencedIn Frederick Greenwood papers, 1907-1925 University of Montana--Missoula Maureen and Mike Mansfield Library Archives and Special Collections
creatorOf Clark, William, 1770-1838. Letter : Superintendency of Ind[ian] Affairs, St. Louis, [Mo.], to Nicholas Biddle, President Bank of the U[nited] States, Philadelphia, [Pa.], 1831 June 2. Newberry Library
referencedIn Gilpin family. Papers, 1727-1872. Historical Society of Pennsylvania
referencedIn Cantey family. Cantey family papers, 1771-1913. University of South Carolina, System Library Service, University Libraries
referencedIn Cope, Thomas P. (Thomas Pim), 1768-1854. Letterbooks, 1788-1853 [microform]. Hagley Museum & Library
referencedIn Broyles, Oze Reed. Papers, 1794-1873. Duke University Libraries, Duke University Library; Perkins Library
referencedIn Biddle, Nicholas, 1786-1844. Papers, 1776-1863 (inclusive), 1799-1846 (bulk). Historical Society of Pennsylvania
referencedIn Biddle, Nicholas, 1786-1844. Letter, 1834 June 2. American Periodical Series I
referencedIn Cheves, Langdon, 1776-1857. Langdon Cheves papers, 1777-1934 (inclusive), [microform]. Yale University Library
referencedIn Biddle, Nicholas, 1786-1844. Letters, to James Monroe [manuscript] 1818-1819. University of Virginia. Library
referencedIn Marshall family. Marshall family papers, 1815-1897. The Filson Historical Society
referencedIn Cheves family. Cheves family papers, 1808-1934. University of South Carolina, System Library Service, University Libraries
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associatedWith Polk, James K. (James Knox), 1795-1849. person
associatedWith Preston, William, 1729-1783. person
associatedWith Randolph, John, 1773-1833. person
associatedWith Rives, William C. (William Cabell), 1793-1868. person
associatedWith Rothschild, Nathan Meyer, 1777-1836. person
associatedWith Rowan, John, 1773-1843. person
associatedWith Schoener, Jacob B., 1805-1846. person
associatedWith Sergeant, John, 1779-1852. person
associatedWith Seward, William Henry, 1801-1872. person
associatedWith Simmons, James Fowler, 1795-1864. person
associatedWith Simmons, Samuel S. person
associatedWith Slaughter, D. French (Daniel French), 1925-1998. person
associatedWith Smith family. family
associatedWith Smith, Francis O. J. (Francis Ormand Jonathan), 1806-1876. person
associatedWith Smith, Richard, person
associatedWith Smith, Samuel, 1752-1839. person
associatedWith Spilman, J. person
associatedWith Stuart, Alexander H. H. (Alexander Hugh Holmes), 1807-1891. person
associatedWith Swisher, Carl Brent, 1897-1968. person
associatedWith Taggart, Samuel, 1754-1825. person
associatedWith Taney family. family
associatedWith Tilford, John. person
associatedWith Tucker, Beverley, 1784-1851. person
associatedWith United States. Circuit Court (Ohio : Southern District) corporateBody
associatedWith United States. District Court (New York : Southern District). corporateBody
associatedWith United States. District Court (Pennsylvania : Eastern District). corporateBody
associatedWith Van Buren, Martin, 1782-1862. person
associatedWith Webster, Daniel, 1782-1852. person
associatedWith Wederstrandt, Charles. person
associatedWith Wickliffe, Robert, 1775-1859. person
associatedWith William L. Clements Library corporateBody
associatedWith Woodbury, Levi, 1789-1851. person
Place Name Admin Code Country
United States
England
Ohio--Columbus
United States
Subject
Slavery
Slavery
Banks and banking
Banks and banking
Financial institutions
Jewish capitalists and financiers
Monetary policy
Real property
Slave bills of sale
Slaveholders, South Carolina
Occupation
Slaveholders
Activity

Corporate Body

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