the first First National Bank
Grand Old Partisan celebrates more than seventeen decades of Republican heroes and heroics. Today, I appreciate Republican efforts to strengthen the country’s financial system. In 1863, the GOP-controlled 38th Congress passed the National Banking Act. This law replaced a patchwork of state banks with sturdier banks that issued currency backed by the federal government. The first bank in each city to convert to the new system was designated 'First National Bank' of that city. June 20th , the First National Bank of Philadelphia received the very first federal charter. That institution is now part of Wells Fargo. Back to Basics for the Republican Party is my civil rights history of the GOP. To quote the book: "The more we Republicans know about the history of our party, the more Democrats will worry about the future of theirs. For more information, see www.grandoldpartisan.com . Here i...