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 Post subject: Bank of the Union
PostPosted: Tue Feb 27, 2007 7:00 pm 
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Yesterday I bought a note from the Bank of the Union in Washington DC, mostly because the graphics on the note intrigued me. Then it occurred to me to investigate the history of the bank itself. Sitting in the seat of democracy for the US, you'd think there would be a readily available history for the bank. Here's what I found after an exhaustive search of the internet...

Nothing. Sure, I found some notes for sale, but no history.

So I looked into the bankdates.xls file and found four offices... which SEEM to have a linear history (which is to say no more than two were open at the same time). Here's the timeline:

October 13, 1851 the branch in Washington, D.C. opens. It closes on May 1 the following year.

June 26, 1852 the Belfast, NY office opens. It closed on September 23, 1854.

On August 31 1853 an office opened in New York city. The office closed one year later, to the day.

The longest lived office opened in Nashville on New Year's day of 1857... and closed four years later in 1861.

Apart from this brief timeline, as yet I know nothing of this bank... but I intend to keep digging.

- Greg


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 Post subject:
PostPosted: Wed Feb 28, 2007 10:28 pm 
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Here's what Garland had to say about the Nashville office:

Quote:
The bank was established in 1856 at #24 Cedar Street, its capital was $100,000. The bank was discontinued in 1869.

President
Daniel F. Carter 1856 - 1869

Cashiers:
G. H. Slaughter 1856 - 1858
W. A. Bumtin 1858 - 1859
G. H. Slaughter (again) 1859 - 1863
John Herriford 1863 - 1869


They produced denominations of $1, $5 $10 and $20, with rarity between R10 and R12.


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 Post subject:
PostPosted: Thu Mar 01, 2007 7:59 am 
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A letter from a senator in Washington, D.C. noted the following about the bank as of December 8, 1852:

Quote:
R. H. GALLAHER, Esq., President, Bank of the Union, of this city


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