The Suffolk Bank (1878)

The Suffolk Bank is a historical book written by David Rice Whitney in 1878. The book provides a comprehensive account of the Suffolk Bank, which was a private bank established in Boston in 1818. Whitney delves into the history of the bank, its operations, and the people who ran it. He also provides details on the bank's role in the development of the banking system in the United States.The book covers the period from the bank's establishment in 1818 to its closure in 1858. Whitney explains how the Suffolk Bank played a crucial role in the development of the banking system in the United States, particularly in the area of clearinghouse operations. The bank's innovative methods of clearing checks and its role in the establishment of the first clearinghouse in the country are discussed in detail.The book also provides insights into the personalities of the people who ran the Suffolk Bank. Whitney describes the bank's founders, the directors, and the employees who worked tirelessly to make it a success. He also discusses the challenges that the bank faced, including financial crises and political opposition.Overall, The Suffolk Bank is a valuable historical resource for anyone interested in the development of the banking system in the United States. Whitney's detailed account of the bank's operations and its role in the development of the clearinghouse system provides a unique perspective on the history of banking in the country.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.