A Short History of Paper Money and Banking – Chronology

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