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Chapter 6 - The Millington Bank

Published online by Cambridge University Press:  16 January 2020

Jeff Forret
Affiliation:
Lamar University, Texas
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Summary

William H. Williams was also intimately connected with a wildcat bank on Maryland’s Eastern Shore, the Commercial Bank of Millington. Slave traders such as Williams and Thomas N. Davis helped underwrite the state–chartered banks that proliferated after the death of the Second Bank of the United States, supplying a portion of the start–up capital required for them to go into operation. In turn, many of these very same banks kept slave traders awash in the paper money necessary for slave dealers to pay for their human commodities in the cash that sellers wanted. Williams was sued by at least three different plaintiffs who alleged that he paid for slaves with paper money from the dying Millington bank, knowing that those notes would soon be worthless.

Type
Chapter
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Williams' Gang
A Notorious Slave Trader and his Cargo of Black Convicts
, pp. 137 - 160
Publisher: Cambridge University Press
Print publication year: 2020

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  • The Millington Bank
  • Jeff Forret, Lamar University, Texas
  • Book: Williams' Gang
  • Online publication: 16 January 2020
  • Chapter DOI: https://doi.org/10.1017/9781108651912.007
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  • The Millington Bank
  • Jeff Forret, Lamar University, Texas
  • Book: Williams' Gang
  • Online publication: 16 January 2020
  • Chapter DOI: https://doi.org/10.1017/9781108651912.007
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • The Millington Bank
  • Jeff Forret, Lamar University, Texas
  • Book: Williams' Gang
  • Online publication: 16 January 2020
  • Chapter DOI: https://doi.org/10.1017/9781108651912.007
Available formats
×