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A Choice Condition Bank Of The United States Stock

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:275.00 USD Estimated At:450.00 - 500.00 USD
A Choice Condition Bank Of The United States Stock
Stock certificates from the United States and other countries around the world. Items offered cover a wide variety of collecting topics including automotive, railroads, mining, autographed and much more.
1842 , Pennsylvania. Stock certificate for 25 shares. Black. Wonderful engraved vignette of standing liberty, eagle and shield with a sailing ship in the background. This certificate was issued as the Bank of the United States of North America following the lengthy ideological struggle between President Andrew Jackson and bank president Nicholas Biddle. During his tenure as President of the Bank, Biddle managed it wisely and fostered a pattern of prudent growth. However, the 1832 Presidential election brought him into direct confrontation with President Andrew Jackson who, in his inaugural address brought into question the bank's ability to create and maintain a sound and uniform currency. Biddle's reaction was an unsuccessful attempt at rechartering the bank four years prior to the charter's expiration date. Upon expiration of the Bank's charter in 1836, Biddle rechartered it in Pennsylvania, serving the same function as the old bank. He served as its president from 1836-1839, at which time he entered retirement. A very nice example of this stock. Uncancelled and Excellent.