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NICHOLAS BIDDLE - PROMISSORY NOTE SIGNED 02/20/1837 - HFSID 254647

NICHOLAS BIDDLE. Promissory Note signed: "N Biddle" as President of the Bank of the United States, 9¼x4¼. Philadelphia, Pennsylvania, 1837 February 20, No. 1440. Partly printed on thick paper.

Sale Price $595.00

Reg. $700.00

Condition: lightly creased
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NICHOLAS BIDDLE. Promissory Note signed: "N Biddle" as President of the Bank of the United States, 9¼x4¼. Philadelphia, Pennsylvania, 1837 February 20, No. 1440. Partly printed on thick paper. Payable after sixty days to Longstreth, Boldiu & Moore the sum of £100 (one hundred pounds sterling). Nicholas Biddle (1786-1844) was appointed a Director of the Bank of the U.S. by President Monroe (1819) and became Bank President in 1823. President Jackson, an opponent of central banking, vetoed the re-charter of the Bank in 1832, denouncing Biddle as well as the Bank in his successful campaign for re-election that year. The Bank continued under Biddle's leadership, now chartered by the state of Pennsylvania, until it failed - ironically as a result of the Panic of 1837, usually blamed on Jackson's policies - in 1841. Nicks at top and upper right edge. Mounting remnants on verso (no show through). Lightly creased. Overall, fine condition.
 

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