Bank of Kentucky Ledger, 1807-1810
- Bank of Kentucky Ledger, 1807-1810
- Bank of Kentucky
- 1 v.; 34 cm.
- Banks and banking -- Accounting Kentucky - 19th century
- Bank of Kentucky Archives
- Finding Aid Author
- Kentucky Historical Society
- Biography / History
- The Bank of Kentucky was chartered in 1806 by the state legislature as part of a compromise that ended the controversy over private banking. It was modeled on the Bank of the United States and was governed by a president and a twelve-member board of directors. Robert Alexander of Versailles was elected president in 1807 and served for fourteen years during which the bank was sound, profitable, and conservatively administered. The bank's charter was repealed in 1822 by a hard-money legislature after the newly chartered Bank of the Commonwealth flooded the state with its own currency, thus provoking runaway inflation and a collapse in property values.
- Scope and Content
- This one item collection is a Bank of Kentucky ledger dated 1807-1810. The ledger includes information about stocks in the bank vault and notes offered for discount.
- Arrangement: Chronological