NICHOLAS BIDDLE Signed 1826 Bank of the U.S. Form

Autographs
Nicholas Biddle Signed "Bank of the United States" Form
NICHOLAS BIDDLE (1786-1844). Nicholas Biddle was an American financier who served as the third and last President of the Second Bank of the United States. Throughout his life Biddle worked as an editor, diplomat, author, and politician who served in both houses of the Pennsylvania State legislature.
September 18, 1826-Dated, Philadelphia, PA, The (Second) Bank of the United States, Fourth of Exchange in Sterling, 1826, Signed, "N(icholas) Biddle" as bank President, Payable for Baring Bros., Choice Extremely Fine. Haxby US-2 Not listed. Uniface printed on clean quality wove bond period paper. This Partially-Printed official form with imprint of Murray, Draper, Fairman & Co. Eagle left end indent. Hand accomplished complete and in full, boldly Signed in deep vivid brown by "N. Biddle," as Pres.t of the Bank of the United States at lower right. A scarce handsome form, its left side border indent margin with historic vignette with Heraldic American Eagle spread wings with banner in talons for the Bank of the United States.
Nicholas Biddle (January 8, 1786 " February 27, 1844) was an American financier who served as the Third and last President of the Second Bank of the United States (chartered 1816"1836). Throughout his life Biddle worked as an editor, diplomat, author, and politician who served in both houses of the Pennsylvania state legislature. He is best known as the chief opponent of President Andrew Jackson in the "Bank War".
Born into the illustrious Biddle family of Philadelphia, young Nicholas worked for a number of prominent officials, including John Armstrong Jr. and James Monroe. In the Pennsylvania state legislature, he defended the utility of a national bank in the face of Jeffersonian criticisms.
From 1823 to 1839, Biddle served as President of the Second Bank, during which time he exercised power over the nation's money supply and interest rates, seeking to prevent economic crises.
With prodding from Henry Clay and the Bank's major stockholders, Biddle engineered a bill in Congress to renew the Bank's federal charter in 1832. The bill passed Congress and headed to President Andrew Jackson's desk. Jackson, who expressed deep hostility to most banks, vetoed the measure, ratcheting up tensions in a major political controversy known as the Bank War.
When Andrew Jackson transferred the federal government's deposits from the Second Bank to several state banks, Biddle raised interest rates, causing a mild economic recession. The federal charter expired in 1836, but the bank continued to operate with a Pennsylvania state charter until its ultimate collapse in 1841.
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Letter From George Washington to Clement Biddle (Biddle's Extended Family member), May 28th, 1798:
To Clement Biddle -- Mount Vernon 28th May 1798
Dear Sir, ---
Enclosed you will receive my Power of Attorney to sell the sum of three thousand four hundred and ninety four dollars and thirty one cents, Six pr Cent stock of the United States, which stands in my name on the Books in Philadelphia, and also the certificate of sd Stock.
This stock is loaned by me for the use of the Potomack Company, and in the application thereof you will be pleased to follow the advice of Mr William Hartshorne, of Alexandria, the Treasurer of that Company.
There will yet remain a small sum to be received quarterly on the 3 prCt Stock; but that I may not at any time draw for more than you have funds to answer, I pray you to inform me, (after the Coach & Table ornaments are sold) how the A/c between us stands"that I may make my remittances accord with the draughts. With esteem & regard I am Dear Sir Your Obedt Hble Servant, Go: Washington"
KEYWORDS:
Andrew Jackson, Banking History, United States Currency Printing, Currency History, Fiat Money, Printing History, Bank of the United States, American Paper Money