BANKING FROM 1780 TO 1810-11.
CHAPTER VI.
Of Banking from 1790 to 1810-11,
In Vol. II of the American edition of the Edinburgh Cyclopedia, published in 1813, the following table is given, ” to exhibit in one view the names of the Banks most deserving of notice, the time of their institution, and the amount of their capital.” The table is not complete, but it shows the time in which the Banking system was introduced into the different States.
Names. Instituted. Capital.
Bank of North America, Pa. 1781-2 $ 2,000,000
Massachusetts Bank at Boston, Mass. 1784 1,600,000
Bank of New York, N. Y. 1784 950,000
Bank of Maryland, Md. 1790 300,000
Providence Bank, R. I. 1791 400,000
Bank of Albany, N. Y. 1792 260.000
Bank of South Carolina, S. C. 1792 640,000
Union Bank of Boston, Mass. 1792 1,200,000
New Hampshire Bank, N. H. 1792 100,000
Bank of Alexandria, Va. 1792 500,000
Hartford Bank, Conn. 1792 930,000
Union Bank, New London, Conn. 1792 500,000
New Haven Bank, Conn. 1792 400,000
Bank of Columbia, N.Y. 1793 160,000
Bank of Columbia, D. C. 1793 500,000
Bank of Pennsylvania, Pa. 1793 3,000,000
Bank of Nantucket, Mass. 1795 100,000
Bank of Delaware, Del. 1795 110,000
Bank of Baltimore, Md. 1795 1,200,000
Middletown Bank, Conn. . 1795 400,000
Bank of Rhode Island, R. I. 1795 100,000
Norwich Bank, Conn. 1796 200,000
Manhattan Bank, N. Y. 1799 2,000,000
Portland Bank, Me. 1799 300,000
Essex Bank, Salem, Mass. 1799 300,000
Washington Bank, Westerly, R. I. 1800 50,000
Bank of Bristol, 1800- 120,000
Exchange Bank, Providence, R. I. 1801 400,000
Farmers’ Bank, Lansioburgh, N. Y. 1801 75,000
State Bank of South Carolina, S. C. 1801 800,000
Maine Bank, Portland, Me. 1802 300,000
New Hampshire Union Bank, N.H. 1802 200,000
Names. Instituted. Capital.
Lin and Ken Bank, Wiscasset, Me. 1802 $ 200,000
Kentucky Insurance Company, Ky. 1802 150,000
Merchants Bank, N.Y. 1803 1,250,000
Bedford Bank, atN. B., Mass. 1803 150,000
New York State Bank, N. Y. 1803 460,000
Newburyport Bank, Mass. 1803 550,000
Saco Bank, Mass. 1803 100,000
Albany Mercantile N. Y. 1803 25,000
Plymouth Bank Mass. 1803 100,000
Boston Bank, Mass. 1803 1,800,000
Stafford Bank, at Dover, Mass. 1803 150,000
Philadelphia Bank, Pa- 1803 2,000,000
Miami Exporting Comp., Cinn. O. 1803 200,000
Salem Bank, Mass. 1803 200,000
Roger Williams Bank, R. I. 1803 150,000
Newport Bank, R. . 1803 120,000
Warren Bank, R. I. 1803 68,000
Exeter Bank, N H. 200,000
Union Bank of Maryland, Md. 1804 3,000,000
Bank of Cape Fear, N. C. 1804 350,000
Baokof Newhern, N C. 1804 300,000
Newark Banking and Ins., Co. N J. 1804 225,000
Trenton Bank N J 1804 300,000
Hallowell and Augusta Bank, Me. 1804 200,000
Worcester Bank, Mass. 1804 150,000
Nantucket Pacific Bank, Mass. 1804 100,000
Marblehead Bank, Mass. 1804 100,000
Rhode Island Union Bank, R. I. 1804 150,000
Smithfield Union Bank, R. I. 1805 50,000
Narragansett Bank, R. 1. 1805 60,000
Rhode Island Central Bank, R. I. 1805 60,000
Bank of Virginia, Va. 1805 1,500,000
Mechanics’ Bank, Baltimore, Md. 1806 1,000,000
Bank of Chilicothe, Ohio 1806 100,000
Bridgeport Bank, Conn. 1806 200,000
Derby Bank, Conn. 1806 200,000
Bank of Kentucky, Ky. 1807 1,000,000
Bank of Nashville, Ten. 1807 500,000
Bank of Marietta, Ohio 1807 100,000
Farmers Bk. of the State of Del., D. 1807 500,000
New Brunswick Bank, N. J. 1807 150,000
Farmers and Mechanics Bank, Pa. 1807 1,250,000
Hagerstown Bank, Md. 1807 250,000
Mohawk Bank, N. Y. 1807 200,000
New London Bank, Conn. 1807 200,000
Hudson Bank, N. Y. 1808 300,000