Bank of Florida Letter
Scope and Contents
The three page letter, signed by E.G. Booth, secretary to D.S. Kennedy, Esq. of New York, gives a list of drafts drawn on several individuals and then the details of a bill of lading covering 41 bales of cotton, all being sent for discount. The postscript refers to the financial difficulties then existing in Florida banking circles.
- Other: Date acquired: 04/01/1952
- Creation: 1844
Conditions Governing Access
Collection is open to all researchers.
Conditions Governing Use
Copyright has not been transferred to the Florida State University Libraries All requests for permission to quote, publish, broadcast or otherwise reproduce from manuscripts must be submitted in writing to the Associate Dean for Special Collections & Archives. Permission for publication is given on behalf of the Florida State University Libraries as the owner of the physical items and is not intended to include or imply permission of the copyright holder, which must also be obtained by the researcher.
Biographical or Historical Information
Florida banking began in the 18th century with the Native American trading firm of Panton, Leslie and Company. This firm established banking services during the period of English control and continued them after the Spanish occupation, when it is said that it became the financial agent of the Spanish government in Florida. It was the only banking company in Florida until several years after American ownership. However, hardly had the territory been organized before banking projects sprang up in rapid succession, each constituting a special case, as there were no general banking laws.
Governor William P. DuVal, first governor of Territorial Florida, opposed these new banks successfully until 1829, but after numerous efforts, and several vetoes by the Governor, Florida's first bank opened in 1829 as the Bank of Florida at Tallahassee, which later became the Central or Union Bank of Florida. Some records show that it began operations with $60,000 and authorized capital of $1,000,000.
In the early 1930's, the "Big Three" came into existence: they were the Bank of Pensacola, the Southern Life Insurance and Trust Company, and the Union Bank of Tallahassee, originally the Bank of Florida.
0 Linear Feet
Language of Materials
Source of Acquisition
Purchased from Symmachus Trading Company
Existence and Location of Originals
Portions of collection available online?: No
Available on microfilm 9648
Processed July 23, 1964.
Genre / Form
- Bank of Florida Letter
- Description rules
- Describing Archives: A Content Standard
- Language of description
- Script of description
- Language of description note