Bank of Maryland dividend book, 1809-1821

Summary

Creator:

Bank of Maryland

Abstract:

The Bank of Maryland dividend book records dividends paid twice a year to its shareholders between September 1809 and September 1821. It lists the names of shareholders, the numbers of shares and dividends, and other data. Some of the shareholders were women, and some, like Charles Carroll of Carrollton, hired representatives to collect the dividends.

Extent:

1 volume

Language:

English

Authors:

Collection processed and finding aid created by Meg Hixon, November 2011

Background

Scope and Content:

The Bank of Maryland dividend book records dividends paid twice a year to its shareholders between September 1809 and September 1821. The bank paid its dividends every March 7 and September 7, and its bookkeepers faithfully kept detailed records of these transactions throughout the period. For each date on which dividends were due, the book contains a list of shareholders, organized alphabetically by last name, their number of shares of stock, number of shares of loans, dividends on stocks and loans, the total payment due to the shareholder, a note recording the date of payment, and the recipient's signature. The bank's shareholders included several women, and a few payments were collected by legal representatives rather than by clients themselves; these include James Neilson, authorized by Charles Carroll of Carrollton to receive money due him in September 1815.

Biographical / Historical:

The Bank of Maryland received a charter in 1790, and publicly traded its stock. In 1832, a coalition of several businessmen purchased enough shares to hold a majority stake in the bank, and successfully gained control over the institution. In 1833, a financial panic forced the bank to request assistance from the United States Treasury Department. Despite receiving $300,000, the bank failed in March 1834.

Acquisition Information:

1986. M-2308 .

Processing information:

Cataloging funded by the National Historical Publications and Records Commission (NHPRC). This collection has been processed according to minimal processing procedures and may be revised, expanded, or updated in the future.

Rules or Conventions:

Finding aid prepared using Describing Archives: A Content Standard (DACS)

Related

Additional Descriptive Data:

Bibliography

Scharf, J. Thomas. History of Maryland from the Earliest Period to the Present Day. Vol. III. Baltimore: John B. Piet, 1879.

Subjects

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Subjects:

Banks and banking--Maryland--History--19th century.
Dividends.
Stockholders.

Formats:

Financial records.