William L. Clements Library
University of Michigan
Finding aid for
Finding aid created by
Bank of Maryland Dividend Book, 1809-1821
Meg Hixon, November 2011
Bank of Maryland dividend book
Bank of Maryland
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.
The material is in English
William L. Clements Library, University of Michigan
909 S. University Ave.
The University of Michigan
Ann Arbor, MI 48109-1190
Web Site: www.clements.umich.edu
Access and Use
The collection is open for research.
Copyright status is unknown
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.
Bank of Maryland Dividend Book, William L. Clements Library, The University of Michigan
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.
Collection Scope and Content Note
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.
- Banks and banking--Maryland--History--19th century.
Additional Descriptive Data
Scharf, J. Thomas. History of Maryland from the Earliest Period to the Present Day. Vol. III. Baltimore: John B. Piet, 1879.