Nicholas Biddle Signed 5% Bank of the United States Bond 

A 5% Bond, No. 298, issuing to the bearer £1000 from the President, Directors, & Company of the Bank of the United States. Promised to be paid in London on June 7, 1848. Countersigned by J. Cowperthwaite, Cashier. 1p, measuring 10.5" x 15", Philadelphia, dated June 7, 1838. The bond has twenty £25 tickets, each signed by S. Mason for Cashier. Decorated with the portraits of William Penn, Robert Fulton, Benjamin Franklin, Robert Morris, and others, along with patriotic motifs. The certificate has toning and mat burn. Flattened folds and some separations through the tickets, along with holes and chipping caused by ink burn. Spotting at the right edge.

Nicholas Biddle (1786-1844) was an American financier who served as the third and last president of the Second Bank of the United States (chartered 1816–1836). He also served in the Pennsylvania General Assembly. He is best known for his role in the Bank War. A member of the prominent Biddle family of Philadelphia, Nicholas Biddle worked for prominent officials such as John Armstrong Jr. and James Monroe in his youth. After returning to Philadelphia, he won election to the state legislature. While serving in the legislature, he successfully lobbied Congress and President Monroe for the creation of a new central bank, which became known as the Second Bank of the United States. In 1822, Monroe appointed Biddle as the third president of the bank. Biddle would continue to serve as the bank's president for several years, during which time he exercised power over the nation's money supply and interest rates, seeking to prevent economic crises.

This item comes with a Certificate from John Reznikoff, a premier authenticator for both major 3rd party authentication services, PSA and JSA (James Spence Authentications), as well as numerous auction houses.

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