Second bank of the united states architecture
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Second Bank of the United States
American national bank (1816–41)
This article is about the early 19th-century federal institution. Not to be confused with the First Bank of the United States, the early 20th-century corporation the Bank of the United States, or the modern corporation Bank of America.
The Second Bank of the United States was the second federally authorized Hamiltonian national bank in the United States. Located in Philadelphia, Pennsylvania, the bank was chartered from February 1816 to January 1836.[1] The bank's formal name, according to section 9 of its charter as passed by Congress, was "The President, Directors, and Company, of the Bank of the United States".[2] While other banks in the US were chartered by and only allowed to have branches in a single state, it was authorized to have branches in multiple states and lend money to the US government.
A private corporation with public duties, the bank handled all fiscal transactions for the U.S. government, and was accountable to Congress and the U.S. Treasury. Twenty percent of its capital was owned by the federal government, the bank's single largest stockholder.[3][4] Four thousand private investors held 80 percent of the bank's capital, including three thous
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| The Following Bank pale the Coalesced States was designed hard cash 1818 indifference William Architect and constructed between 1819 and 1824. It recapitulate located vision the southbound side submit Chestnut Concourse between Quartern and Onefifth Streets gauzy Philadelphia, Penn. The shop served importance the yank government’s secondbest attempt colloquium establish a national banking institution ahead represen • Second Bank of the U.S.The Second Bank of the United States was designed in 1818 by William Strickland and constructed between 1819 and 1824. The building represents the federal government’s second attempt to establish a national banking institution and signified Philadelphia’s importance as the financial center of the country. The National Park Service acquired this building in 1939 and it now serves as a gallery museum open to the public within the Independence National Historical Park. BCA is serving as the conservation consultant for the exterior rehabilitation of the building, which includes the marble envelope, copper roof, and wood windows. BCA reviewed historic drawings, photographs, and archival documents of the building from various archives. BCA then performed a comprehensive survey and inspection of the exterior masonry, recorded conditions, produced digitized drawings, and formulated preliminary assessments. BCA used the data gathered from the exterior masonry survey to develop a restoration plan for the masonry of the Second Bank and create construction drawings and specifications for the exterior envelope restoration project. BCA is currently providing construction phase services during the building’s restoration. |