Guest Post: Stephen Campbell, “Reimagining the Second Bank of the United States in Early American History”

Stephen W. Campbell earned a doctorate in history from the University of California, Santa Barbara, in 2013. A lecturer at California State Polytechnic University, Pomona, Campbell is the author of articles that have appeared in American Nineteenth Century History, Ohio Valley History, Perspectives on History, and History News Network. He has recently completed a book manuscript entitled Banking on the Press: Newspapers, Financial Institutions, and the Post Office in Jacksonian America, 1828-1834.

Cadwalder Family Papers, Box 98, Folder 24, Historical Society of Pennsylvania, Philadelphia, PA. [Click for full-size]

Unexpected “ah-hah!” moments make long hours of historical research worthwhile. A few months ago I was perusing a letter from an edited volume of Henry Clay’s correspondence when my eyes began to drift over to an adjoining page. A letter, dated August 17, 1830, showed the great senator and orator instructing his Washington agent, Philip Fendall, to send one of his slaves, Lotty, back to Kentucky. Clay wanted Lotty “to have the means to bring herself home…but if she wants money for that purpose I will thank you to apply to Mr. R[ichard] Smith to advance her the necessary sum.” Nothing in the footnotes or index shed light on this enigmatic Smith (an exceedingly common name both then and now), but I had come across this name several times before. This was almost certainly the cashier of the Washington branch of the Second Bank of the United States (BUS), the nation’s de facto central bank. A few weeks later, Clay again penned Fendall: “There are persons frequently bringing slaves from the district [of Columbia] to this State, some of whom might perhaps undertake to conduct [Lotty] to Maysville, Louisville, Lexington, or some other point from which I could receive her.”[1] Continue reading

The Week in Early American History

TWEAHOn to the links! Continue reading