The Suffolk Bank (1878) - David Rice Whitney - Bog

The Suffolk Bank is a historical book written by David Rice Whitney and published in 1878. The book provides a detailed account of the establishment and operations of the Suffolk Bank, which was a unique banking system in the United States during the 19th century. The Suffolk Bank was created in Boston in 1818, and it served as a clearinghouse for the New England banking system. The bank's primary purpose was to facilitate the exchange of banknotes between different banks in the region, which helped to reduce the risk of fraud and ensure the stability of the banking system. The book provides a comprehensive history of the Suffolk Bank, including its origins, its growth and development over time, and its eventual decline and demise. It also explores the various challenges and obstacles that the bank faced throughout its history, including financial crises and political turmoil. The author provides detailed descriptions of the bank's operations, including its use of private messengers to transport banknotes between different banks, and its role in regulating the banking industry in New England. Overall, The Suffolk Bank is an important historical document that provides valuable insights into the development of the American banking system in the 19th century. The book is well-researched and written in a clear and engaging style, making it accessible to both scholars and general readers interested in the history of finance and banking.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.