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Hanover Trust Company
The Hanover Trust Company was a private American bank of the 1920s. Its offices were located in Boston, Massachusetts. It became infamous initially for turning down Charles Ponzi Charles Ponzi (, ; born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 15, 1949) was an Italian swindler and con artist who operated in the U.S. and Canada. His aliases included ''Charles Ponci'', ''Carlo'', and ''Cha ... for a loan of 2,000 dollars (for his IRC scheme) in 1919, and subsequently for being bought up by Charles Ponzi in July 1920. References 1920 in the United States History of Boston Charles Ponzi {{US-bank-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Bank
Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets. These banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes#The Revocation of the Edict of Nantes, Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672. Notable private banks This list contains two types of banks: * Unincorporated banks owned by either an individual or a general partner(s) with limited partner(s). * Incorporated banks specialized in wealth management for high-net-worth individuals. China *Bank of Communications, founded in 1908 *China Merchants Bank France * Compagnie Fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 as of 2020. It is the seat of Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States. Boston is one of the oldest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Ponzi
Charles Ponzi (, ; born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 15, 1949) was an Italian swindler and con artist who operated in the U.S. and Canada. His aliases included ''Charles Ponci'', ''Carlo'', and ''Charles P. Bianchi''. Born and raised in Italy, he became known in the early 1920s as a swindler in North America for his money-making scheme. He promised clients a 50% profit within 45 days or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the U.S. as a form of arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors. While this type of fraudulent investment scheme was not invented by Ponzi, it became so identified with him that it now is referred to as a "Ponzi scheme". His scheme ran for over a year before it collapsed, costing his "investors" $20 million. Ponzi may have been inspired by the scheme of William F. Miller ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1920 In The United States
Events from the year 1920 in the United States. Incumbents Federal Government * President: Woodrow Wilson ( D-New Jersey) * Vice President: Thomas R. Marshall ( D-Indiana) * Chief Justice: Edward Douglass White (Louisiana) * Speaker of the House of Representatives: Frederick H. Gillett ( R-Massachusetts) * Senate Majority Leader: Henry Cabot Lodge ( R-Massachusetts) (starting March 4) * Congress: 66th Events January * January 2 – First Red Scare: The second of the Palmer Raids takes place with another 4,025 suspected communists and anarchists arrested and held without trial in several cities. * January 5 – 1920 United States Census count begins. This becomes the first census to record a population exceeding 100 million, at 106,021,537. Because there are so many mixed-race persons and because so many Americans with some black ancestry appear white, the Census Bureau stops counting mixed-race peoples and the ''one-drop rule'' becomes the national legal standard. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Boston
The written history of Boston begins with a letter drafted by the first European inhabitant of the Shawmut Peninsula, William Blaxton. This letter is dated 7 September 1630 and was addressed to the leader of the Puritan settlement of Charlestown, Isaac Johnson. The letter acknowledged the difficulty in finding potable water on that side of Back Bay. As a remedy, Blaxton advertised an excellent spring at the foot of what is now Beacon Hill and invited the Puritans to settle with him on Shawmut. Boston was named and officially incorporated on September 30, 1630 (Old Style). The city quickly became the political, commercial, financial, religious and educational center of Puritan New England and grew to play a central role in the history of the United States. When harsh British retaliation for the Boston Tea Party resulted in further violence by the colonists, the American Revolution erupted in Boston. Colonists besieged the British in the city, fighting a famous battle at Breed's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
