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Just Before the Collapse -Adams & Co. Banking House Check, Diamond Springs

Currency:USD Category:Collectibles / Wells Fargo & Express Co's Memorabilia Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Just Before the Collapse -Adams & Co. Banking House Check, Diamond Springs
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Check number 1250 from Diamond Springs. To McDevitt for $56.60. Signed by Wadsworth. Dated February 20, 1855. On February 23, 1855 the Banking House of Adams & Co Express was forced to close on Black Friday. This is the only source for this variety. A historical and fascinating piece of ephemera.



On Friday, February 23, 1855 Black Friday bank failures of Adams & Co.; Price, Rodman; Miners' Exchange; Robinson & Co. and Wells, Fargo and others occured. The bank failure started with Page & Bacon on February 17th. However, Adams followed shortly and on the morning of February 23rd they didn't even open. Other banks in San Francisco opened, but did not last the day as everyone in san Francisco wanted their money immediately from the banks before they closed their doors. The Banking House of Adams & Company Express would never open their doors again. One of those ruined that day was James King of William. His bank was in dire trouble years before Black Friday. He brought his customers the the Banking House of Adams & Company. As Black Friday approached, James King of William assured his personal clients that Adams & Company would not fail. He was wrong and his clients lost everything. See more lots on James King of William in this auction! [Dirty Deeds: Land, Violence, and the 1856 San Francisco Vigilance Committee by Taniguchi] (Al Adams Gold Rush Memorabilia Collection) Date: 1855 Location: Diamond Springs, California HWAC# 57452