Letter : to Seth Wheaton, 1822 July 18.

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Letter : to Seth Wheaton, 1822 July 18.

Letter from Langdon Cheves, President of the Bank of the United States, to Seth Wheaton, [Presiding Officer] of the Bank of the United States, in Providence (R.I.), concerns the selection of board members.

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SNAC Resource ID: 7394223

South Carolina Historical Society

Related Entities

There are 2 Entities related to this resource.

Cheves, Langdon, 1776-1857

http://n2t.net/ark:/99166/w60v8g08 (person)

Langdon Cheves (September 17, 1776 – June 26, 1857) was an American politician, lawyer and businessman from South Carolina. He was a U. S. Representative from 1810 to 1815, served as Speaker of the House in 1814–1815, and was president of the Second Bank of the United States from 1819 to 1822. Langdon Cheves was born at Bull Town Fort, on the Rocky River in South Carolina. His father, Alexander, was a native of Scotland; his mother, Mary Langdon, was from Virginia. At the age of ten he went t...

Bank of the United States (1816-1836)

http://n2t.net/ark:/99166/w6gn209h (corporateBody)

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, u...