Bank of the United States signature book 1834-1836
A first attempt to create a national bank for the United States failed in 1811, but debt accrued from the War of 1812 compelled Congress to charter a second Bank of the United States. At the time of the election of Andrew Jackson to the presidency in 1828, the bank was operating successfully, but the President and several of his political allies believed that such a large private institution would necessarily be vulnerable to corrupting influences. Jackson and the bank's director, Nicholas Biddle, clashed several times throughout the early 1830s, and Jackson refused to re-charter the institution in 1832. That, coupled with the withdrawal of federal funds from its coffers, effectively destroyed the Bank, and it closed in 1836.
The headquarters of the Second Bank of United States was in Philadelphia. This volume belonged to the New York branch.