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Bank Of Baltimore
The Bank of Baltimore was a bank based in Baltimore, Maryland, that was chartered in 1795 and failed during the Panic of 1857. It was the seventh American bank to begin business in the United States and the second bank in Maryland. History Charter The Bank of Baltimore was chartered on Christmas Eve, December 24, 1795, with $1,200,000 capital in the city of Baltimore, Maryland. The bank was the seventh American bank to begin business in the United States and the second bank in Baltimore, and in Maryland.Mayer, ''"Baltimore: Past and Present: With Biographical Sketches of Its Representative Men"'', Richardson & Bennett, 1871, page 126. The Charter provided that subscriptions would be opened the first Monday of the following June 1796 for 1,240 shares under the superintendence of the leading business men and civic leaders of Baltimore, including: *David Stewart *William Winchester *Thorowgood Smith (future mayor) *William Wilson *Archibald Stewart *George Salmon *James West *Thom ...
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Panic Of 1857
The Panic of 1857 was a financial panic in the United States caused by the declining international economy and over-expansion of the domestic economy. Because of the invention of the telegraph by Samuel F. Morse in 1844, the Panic of 1857 was the first financial crisis to spread rapidly throughout the United States. The world economy was also more interconnected by the 1850s, which also made the Panic of 1857 the first worldwide economic crisis. In Britain, the Palmerston government circumvented the requirements of the Bank Charter Act 1844, which required gold and silver reserves to back up the amount of money in circulation. Surfacing news of this circumvention set off the Panic in Britain. Beginning in September 1857, the financial downturn did not last long, but a proper recovery was not seen until the onset of the American Civil War in 1861. The sinking of contributed to the panic of 1857, as New York banks were awaiting a much-needed shipment of gold. American banks ...
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John Thomas Scharf
John Thomas Scharf (May 1, 1843 – February 28, 1898) was an American historian, author, journalist, antiquarian, politician, lawyer and Confederate States of America soldier and sailor. He is best known for his published historical works. Modern historians and researchers cite his comprehensive histories as primary source materials. Scharf used a formulaic and detailed approach to preparing his historical works. He contacted everyone who could provide information about his subject and used detail questionnaires to capture responses to his inquiries. The J. Thomas Scharf Collection, 1730s–1892, held by the Maryland Historical Society, shows off his massive collection of original source materials. Scharf was one of the first American historians to consistently use newspapers as a primary source. Rather than trying to analyze the source material, he often quoted at length from newspapers, magazines, pamphlets, and state and city documents. His books are written in the flow ...
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James Kemp (bishop)
James Kemp (May 20, 1764 – October 28, 1827) was the second bishop of the Diocese of Maryland, US, from 1816 to 1827. Early life James Kemp was born on May 20, 1764, in Keith Hall parish, Aberdeenshire, Scotland. He graduated from Marischal College in 1786. He emigrated to Maryland in 1787, and lived with a family in Dorchester County. Ministry Brought up a Presbyterian, Kemp joined the Episcopal Church and studied theology under the direction of the Rev. Dr. John Bowie, rector of Great Choptank parish, MD. He received deacon's orders in Christ Church, Philadelphia on December 26, 1789, and He was ordained priest the very next day on December 27, 1789. Kemp was ordained to both orders by the Rt. Rev. William White. In August 1790, Kemp succeeded his theological instructor, Dr. Bowie and became rector of Great Choptank Parish, in Cambridge, Maryland, the county seat of Dorchester County. Rev. Kemp also served at Green Hill Church likewise on the Eastern Shore until 1813, wh ...
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New Year's Day
New Year's Day is a festival observed in most of the world on 1 January, the first day of the year in the modern Gregorian calendar. 1 January is also New Year's Day on the Julian calendar, but this is not the same day as the Gregorian one. Whilst most solar calendars (like the Gregorian and Julian) begin the year regularly at or near the northern winter solstice, cultures that observe a lunisolar or lunar calendar celebrate their New Year (such as the Chinese New Year and the Islamic New Year) at less fixed points relative to the solar year. In pre-Christian Rome under the Julian calendar, the day was dedicated to Janus, god of gateways and beginnings, for whom January is also named. From Roman times until the middle of the 18th century, the new year was celebrated at various stages and in various parts of Christian Europe on 25 December, on 1 March, on 25 March and on the movable feast of Easter. In the present day, with most countries now using the Gregorian calendar ...
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David Morier Evans
David Morier Evans (1819–1874), was a Welsh financial journalist. Evans, the son of Joshua Lloyd Evans of Llanidloes, Montgomeryshire, was born in 1819. He formed an early connection with journalism, and became assistant city correspondent on the ‘Times,’ a post which he occupied several years, and left to assume the direction of the money articles in the ‘ Morning Herald’ and ‘Standard.’ He left the ‘Standard’ at the end of 1872, and in the following March started a paper called the ‘Hour,’ on which he spent his entire means, being adjudicated a bankrupt 19 December 1873. His health broke down under the strain of his financial difficulties, and he died on the morning of 1 January 1874, aged 54. He was married, and left children. He was buried in Abney Park Cemetery Abney Park cemetery is one of the "Magnificent Seven" cemeteries in London, England. Abney Park in Stoke Newington in the London Borough of Hackney is a historic parkland originally lai ...
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Andrew Jackson
Andrew Jackson (March 15, 1767 – June 8, 1845) was an American lawyer, planter, general, and statesman who served as the seventh president of the United States from 1829 to 1837. Before being elected to the presidency, he gained fame as a general in the United States Army and served in both houses of the U.S. Congress. Although often praised as an advocate for ordinary Americans and for his work in preserving the union of states, Jackson has also been criticized for his racial policies, particularly his treatment of Native Americans. Jackson was born in the colonial Carolinas before the American Revolutionary War. He became a frontier lawyer and married Rachel Donelson Robards. He served briefly in the United States House of Representatives and the United States Senate, representing Tennessee. After resigning, he served as a justice on the Tennessee Supreme Court from 1798 until 1804. Jackson purchased a property later known as the Hermitage, becoming a wealthy plan ...
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Panic Of 1837
The Panic of 1837 was a financial crisis in the United States that touched off a major depression, which lasted until the mid-1840s. Profits, prices, and wages went down, westward expansion was stalled, unemployment went up, and pessimism abounded. The panic had both domestic and foreign origins. Speculative lending practices in the West, a sharp decline in cotton prices, a collapsing land bubble, international specie flows, and restrictive lending policies in Britain were all factors. The lack of a central bank to regulate fiscal matters, which President Andrew Jackson had ensured by not extending the charter of the Second Bank of the United States, was also key. This ailing economy of early 1837 led investors to panic – a bank run ensued – giving the crisis its name. The run came to a head on May 10, 1837, when banks in New York City ran out of gold and silver. They suspended specie payments and would no longer redeem commercial paper in specie at full face value. A signi ...
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William Glenn
William Wallace Lumpkin Glenn (August 12, 1914 – March 10, 2003) was an American cardiac surgeon who co-created an early version of an artificial heart and was the developer of a technique for the treatment of congenital heart defects. Glenn was born on August 12, 1914, in Asheville, North Carolina. His father was a medical doctor and his mother an attorney. He was sent to attend the Sewanee Military Academy in Sewanee, Tennessee. He attended the University of South Carolina, graduating in 1934 with a Bachelor of Science degree. He attended Philadelphia's Jefferson Medical College, graduating with his medical degree in 1938. His internship was performed at Pennsylvania Hospital, while he performed his residency in surgery at Massachusetts General Hospital. During World War II, Glenn served as a field surgeon in the Army Medical Corps, serving in Europe where he established a field hospital in Normandy.Lavietes, Stuart"William Glenn, 88, Surgeon Who Invented Heart Proced ...
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Reverdy Johnson
Reverdy Johnson (May 21, 1796February 10, 1876) was a statesman and jurist from Maryland. He gained fame as a defense attorney, defending notables such as Sandford of the Dred Scott case, Maj. Gen. Fitz John Porter at his court-martial, and Mary Surratt, alleged conspirator in the assassination of Abraham Lincoln. A former Whig, he was a strong supporter of the Union war effort. At first he opposed wartime efforts to abolish slavery until 1864, and in 1865 supported the 13th Amendment banning slavery. Johnson served as United States Minister to the United Kingdom from 1868 to 1869. Early life Johnson was born on May 21, 1796 in Annapolis, Maryland. He was the son of a distinguished Maryland lawyer and politician, John Johnson (1770–1824), who served as Attorney General of Maryland from 1806 to 1811 and later Chancellor of Maryland, and Deborah (née Ghieselen) Johnson (1773–1847). His younger brothers were John Johnson Jr. (1798–1856), the last Chancellor of Maryland, a ...
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Baltimore Bank Riot
The Baltimore bank riot of 1835 in the major port city of Maryland was a violent reaction to the failure of the Bank of Maryland in 1834. Thousands of citizens had lost millions of dollars in savings. The riot, which lasted from 6 to 9 August, attacked the homes and property of a number of former directors of the bank, who had been accused of financial misconduct and fraud, as well as the federal district courthouse located on Battle Monument Square. The Baltimore bank riot was one of the most violent and destructive events of civic unrest in any American city prior to the Civil War. Rioters destroyed many of the homes of the city's wealthiest and most prominent citizens, and much valuable property was smashed or burned, but was later restored. The authorities were unable to control the violence and effectively surrendered the city to the mob, which was actively or passively supported by numerous bystanders. The state of Maryland later paid $100,000 in compensation to persons who ...
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First Bank Of The United States
First or 1st is the ordinal form of the number one (#1). First or 1st may also refer to: *World record, specifically the first instance of a particular achievement Arts and media Music * 1$T, American rapper, singer-songwriter, DJ, and record producer Albums * ''1st'' (album), a 1983 album by Streets * ''1st'' (Rasmus EP), a 1995 EP by The Rasmus, frequently identified as a single * '' 1ST'', a 2021 album by SixTones * ''First'' (Baroness EP), an EP by Baroness * ''First'' (Ferlyn G EP), an EP by Ferlyn G * ''First'' (David Gates album), an album by David Gates * ''First'' (O'Bryan album), an album by O'Bryan * ''First'' (Raymond Lam album), an album by Raymond Lam * ''First'', an album by Denise Ho Songs * "First" (Cold War Kids song), a song by Cold War Kids * "First" (Lindsay Lohan song), a song by Lindsay Lohan * "First", a song by Everglow from ''Last Melody'' * "First", a song by Lauren Daigle * "First", a song by Niki & Gabi * "First", a song by Jonas Brot ...
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Albert Gallatin
Abraham Alfonse Albert Gallatin (January 29, 1761 – August 12, 1849) was a Genevan– American politician, diplomat, ethnologist and linguist. Often described as "America's Swiss Founding Father", he was a leading figure in the early years of the United States, helping shape the new republic's financial system and foreign policy. Gallatin was a prominent member of the Democratic-Republican Party, represented Pennsylvania in both chambers of Congress, and held several influential roles across four presidencies, most notably as the longest serving U.S. Secretary of the Treasury. He is also known for his contributions to academia, namely as the founder of New York University and cofounder of the American Ethnological Society. Gallatin was born in Geneva in present-day Switzerland and spoke French as a first language. Inspired by the ideals of the American Revolution, he immigrated to the United States in the 1780s, settling in western Pennsylvania. He served as a delegate to ...
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