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- Bank_of_Baltimore abstract "For other banks with similar name see: Bank of Baltimore (disambiguation)The Bank of Baltimore was chartered in 1795 with $1,200,000 capital in the city of Baltimore, Maryland. The bank was the seventh American bank to begin business in the United States and the second bank in Maryland.During the years 1790 to 1800 the Bank of Maryland was in need of capital to meet demand. The Bank unsuccessfully attempted to double its capital in 1795. As a substitute the Bank proposed to the Maryland legistator to grant a charter to establish another bank which might late consolidate with the Bank of Maryland, upon consent of both parties. this clause was later stricken and the Bank of Baltimore was chartered as an entirely separate institution, receiving its charter in 1795. However, the Bank of Maryland later become a holder of the Bank of Baltimore stock. The charter of this bank was 20 years and the state reserved the right to subscribe for 6000 shares at $300 each, and appoint two of seventeen directors annually. The first president of the bank was George Salman.The capital of the bank was fixed by the Maryland Legislature at $1,200,000, though the petitioners wanted the limit placed at $3,000,000, with provision for increasing it ultimately to $9,000,000, as growth demanded.In 1795, the two banks had an aggregate capital of $1,500,000 which was actively employed in the city of Baltimore whose export in trade was valued at more than $9,000,000 and which was rapidly growing in the area of manufacturing. Maryland's total exports for 1799 were $16,300,000.In 1802, Thomas Jefferson wrote to the Secretary of the Treasure, Albert Gallatin expressing concerns that the government was granting too many demands to the First Bank of the United States Lobby. This concerned Jefferson because this would grant the United States Bank the ability to "shallow up the other" smaller banks such at the Bank of Baltimore whose stock was owned by US citizens and create a monopoly over the entire US banking industry that would be controlled by foreign powers since the majority of stock of United States Bank was held by citizens of other countries. Jefferson was concerned that this situation would cause problems for the United States in the even of future conflict with a foreign power and as such he supported the Bank of Baltimore's application for a deposit of government funds.The Bank of Baltimore failed during the Panic of 1857.The Bank of Baltimore is one of several predecessor banks that were eventually consolidated into SunTrust.".
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- Bank_of_Baltimore wikiPageRevisionID "539799944".
- Bank_of_Baltimore hasPhotoCollection Bank_of_Baltimore.
- Bank_of_Baltimore subject Category:1795_establishments_in_Maryland.
- Bank_of_Baltimore subject Category:Banks_established_in_1795.
- Bank_of_Baltimore subject Category:Companies_disestablished_in_1857.
- Bank_of_Baltimore subject Category:Defunct_banks_of_the_United_States.
- Bank_of_Baltimore subject Category:Defunct_companies_based_in_Baltimore,_Maryland.
- Bank_of_Baltimore type Abstraction100002137.
- Bank_of_Baltimore type BanksEstablishedIn1795.
- Bank_of_Baltimore type CompaniesDisestablishedInThe19thCentury.
- Bank_of_Baltimore type Company108058098.
- Bank_of_Baltimore type DefunctBanksOfTheUnitedStates.
- Bank_of_Baltimore type DefunctCompaniesBasedInMaryland.
- Bank_of_Baltimore type DepositoryFinancialInstitution108420278.
- Bank_of_Baltimore type FinancialInstitution108054721.
- Bank_of_Baltimore type Group100031264.
- Bank_of_Baltimore type Institution108053576.
- Bank_of_Baltimore type Organization108008335.
- Bank_of_Baltimore type SocialGroup107950920.
- Bank_of_Baltimore type YagoLegalActor.
- Bank_of_Baltimore type YagoLegalActorGeo.
- Bank_of_Baltimore type YagoPermanentlyLocatedEntity.
- Bank_of_Baltimore comment "For other banks with similar name see: Bank of Baltimore (disambiguation)The Bank of Baltimore was chartered in 1795 with $1,200,000 capital in the city of Baltimore, Maryland. The bank was the seventh American bank to begin business in the United States and the second bank in Maryland.During the years 1790 to 1800 the Bank of Maryland was in need of capital to meet demand. The Bank unsuccessfully attempted to double its capital in 1795.".
- Bank_of_Baltimore label "Bank of Baltimore".
- Bank_of_Baltimore sameAs m.02qw1t1.
- Bank_of_Baltimore sameAs Q4856054.
- Bank_of_Baltimore sameAs Q4856054.
- Bank_of_Baltimore sameAs Bank_of_Baltimore.
- Bank_of_Baltimore wasDerivedFrom Bank_of_Baltimore?oldid=539799944.
- Bank_of_Baltimore isPrimaryTopicOf Bank_of_Baltimore.