1Abigail Adams to Cotton Tufts, 6 February 179[1] (Adams Papers)
During House debate of the act to establish the Bank of the United States, James Madison spoke in opposition on the grounds that the Constitution did not grant Congress the power to create such an institution and that banks established by the states were sufficient. The House nevertheless approved the bill by a...
2Thomas Boylston Adams to William Cranch, 23 January 1792 (Adams Papers)
Federalist taxation policies and the creation of the Bank of the United States combined to create a significant increase in paper wealth, which in turn led to considerable speculative business activity and a real estate boom throughout the United States, especially in major cities like Philadelphia and New York....designed to compete with potential branch banks of the Bank of the United States...
3Abigail Adams to John Adams, 25 January 1794 (Adams Papers)
No. 27782, which discusses the Bank of the United States. ...some of his observations: But although he has Told some Truth he has not told the whole Truth, and he has told Something that is not Truth. One Bank of the United States, with its Branches Strictly limited in its operations would be Useful: But the State Legislatures have multiplied Banks to such a Degree that one knows not how...
4John Quincy Adams to Abigail Adams, 29 July 1794 (Adams Papers)
This letter was apparently from William Jackson, Washington’s secretary, to Thomas Willing of Philadelphia, the president of the Bank of the United States (
5Abigail Adams to Thomas Boylston Adams, 10 March 1796 (Adams Papers)
Two factors contributed to a 72 percent rise in wholesale prices between 1791 and 1796: the issuing by the Bank of the United States of millions of dollars in paper money and $6.2 million in temporary loans to the government, and the creation of eighteen new commercial banks in America (Murray N. Rothbard,
6John Adams to Abigail Adams, 11 January 1797 (Adams Papers)
Frederick Kitt served as the steward of George Washington’s household in Philadelphia but did not retire with the family to Mount Vernon in March, instead taking a position at the Bank of the United States (
7Abigail Adams to William Cranch, 3 December 1797 (Adams Papers)
...constitution, who of all others, has most ably defended it.” About American architecture “An Englishman” asked, “Where throughout the continent can you produce classic taste and knowledge in building, except that single specimen, the new Bank of the United States?”...Bank of the United States in Philadelphia was designed in neoclassical style by Samuel Blodget Jr. Construction began in 1795...
8Hannah Quincy Lincoln Storer to Abigail Adams, 4 March 1798 (Adams Papers)
Charles Bulfinch’s tour of the New York and Philadelphia branches of the Bank of the United States was in conjunction with his work on the Boston branch. Located on State Street, the neoclassical building opened in Dec. 1798 and was described as “the neatest public building in the state.” It was demolished in 1824...
9William Cranch to Abigail Adams, 4 June 1798 (Adams Papers)
...General Court judge Gabriel Duvall, and the case was heard during the May 1799 session. The attachment was again set aside, however, because the property had been previously conveyed to others, including George Simpson, cashier of the Bank of the United States (Thomas Harris,
10Abigail Adams to John Quincy Adams, 2 December 1798 (Adams Papers)
signed into law an act authorizing him to borrow $5 million from the Bank of the United States in Philadelphia or other individuals and institutions as he judged “most advantageous for the United States.” To draw investment, the interest rate on the loan was set at 8 percent per year. Subscriptions opened on 28 Feb....