1792 1892 One Hundred Years of the Hartford Bank Now the Hartford National Ban

Cover 1792 1892 One Hundred Years of the Hartford Bank Now the Hartford National Ban
1792 1892 One Hundred Years of the Hartford Bank Now the Hartford National Ban
P H Patrick Henry Woodward
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In 1 80 1 his salary was raised from $800 to $1, 000, and there it remained during the rest of his term. In 1807 fifty, and during the three subsequent years one hundred dollars additional, were voted him for extra services. He died in 1821. Horace Burr was appointed cashier to succeed Mr. Knox. A brief rtsumt of the general situation will pre- pare the reader to appreciate more fully the attitude of the Hartford and other Connecticut banks during and after the war of 1812. Strenuous efforts to... secure a renewal of the charter of the first United States Bank failed in Congress by a bare minority. It had furnished the country a sound currency redeemable at all times in coin. It had rendered invaluable aid in estab- lishing the credit of the young republic, and had paid satisfactory dividends. Its continuance was opposed less on grounds of public policy than from desire on the part of many influential persons, out- side of the circle of stockholders, to appropriate the profits of the business through local banks which they proposed to organize.

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