American History Views United States Vintage Antique Print
Exquisite circa 1860s Steel Engraving - Antique Print -
TITLE: THE UNITED STATES BANK, PHILADELPHIA
Engraved by: J Tingle after Artist: W H Bartlett
Approximate Image Size: 4 3/4 X 7 1/4 inches
Approximate Overall Size With Margins: 8 1/2 X 11 1/2 inches
CONDITION: Suitable age toning. Excellent Condition. Steel engraving is striking and clean. Blank on Reverse side and Printed on medium weight paper. Image protection stamp is not on the actual print.
A beautiful steel engraving of circa 1860s -
(General Info Only, Not included with print) The Bank of the United States,
central bank chartered in 1791 by the U.S. Congress at the urging of Alexander Hamilton and over
the objections of Thomas Jefferson. Extended debate over its constitutionality contributed
significantly to the evolution of pro and anti-bank factions into the first American political
parties—respectively, the Federalists and the Democratic-Republicans. Antagonism over the bank
issue grew so heated that its charter could not be renewed in 1811. Reconstituted in 1816, the Bank
of the United States continued to stir controversy and partisanship, with Henry Clay and the Whigs ardently supporting it and Andrew Jackson and the Democrats ardently opposing it.
The first Bank of the United States was a cornerstone of Hamilton's fiscal policy; it was a means to fund the public debt left from the Revolution, to facilitate the issuance of a stable national currency, and to provide a convenient means of exchange for all the people of the United States. It was capitalized at $10,000,000 and fully subscribed almost instantly, with the federal government holding the largest block of ownership, 20 percent. A substantial interest in the bank was also purchased by Europeans. (wikipedia source)