Wednesday, June 15, 2016

June 9, 1784: Hamilton and McDougall Found the Bank of New York with Capitalization of $500,000

 
Alexander Hamilton (source)

 
Aleander McDougall (source)

Founding of the Oldest Bank in the United States. Six Months After Withdrawal of British Troops from New York.  Co-founded by Alexander Hamilton and Alexander McDougall, who becomes the first president of the bank.  Opens in New York City  Hamilton wrote the new bank's constitution, and became the individual most actively involved in the organization of the bank, guiding it through its early stages.The bank opened for business at the Walton House in Lower Manhattan.

1783 Evacuation Day (Nov. 25). British troops evacuate New York City, sailing out of the harbor, after seven-year occupation of the city. "General George Washington triumphantly led the Continental Army from his former headquarters, north of the city, across the Harlem River south down Manhattan through the town to The Battery at the foot of Broadway. The last shot of the war was reportedly fired on this day, as a British gunner fired a cannon at jeering crowds gathered on the shore of Staten Island, as his ship passed through the Narrows at the mouth of New York Harbor. The shot fell well short of the shore."

1783 Treaty of Paris (Sept. 3). Britain recognizes independence of United States

1783 The Newburgh Conspiracy (Mar 10), possibly coup by the Continental Army against Congress.  Washington puts it down with an emotionaal speech (Mar. 15).


1781 Siege of Yorktown (Oct). Hamilton, eager for military action after four years as Washington's aide-de-camp, is given combat command by Washington. He seizes two redoubts of the British defensess.

1776 Battle of White Plains (Oct 28). Hamilton's artillery unit distinguishes itself as the Continental Army pulls back from the advancing British.

1775 Hamilton and other student's at King's College form a volunteer militia company. Hamilton studies military tactics and is soon promoted. He eventually receives a commission from the New York Provincial legislature to form an artillery company.

1772 Alexander Hamilton, age 15, arrives at Elizabethtown Academy in New Jersey to study in preparation for college.

1770 Alexander McDougall arrested for libel (Feb. 7). WP: "When revolutionary fervor grew with resistance to the Stamp Act, McDougall became active in the Sons of Liberty, and later was a leader in the movement in the colony of New York. Difficulties in the city and colony were increased by the Quartering Act, which required the colonists to provide housing and support to the British troops. The Province of New York assembly had refused to pass appropriations for their housing in 1767 and 1768, and had been prorogued. Then, the new assembly of 1769 approved money for the quartering of British troops.[On December 16, 1769  McDougall wrote and printed an anonymous broadside, To the Betrayed Inhabitants, which criticized the assembly's vote and sparked the Battle of Golden Hill. He was accused of libel and arrested on 7 February 1770, but refused to post bail, so he was jailed. He spent two periods in jail, for a total of about five months, but wasn't convicted and was released in 1771 His imprisonment became another cause for protest. In an effort to paint him as a political martyr, the Sons of Liberty called him, "the Wilkes of America," after John Wilkes, a British politician who was imprisoned for defying the authority of the government. This was symbolized by the group and was incorporated into the protests.

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