Tenth National Bank
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The Tenth National Bank was an American
bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...
that existed in the 19th century. At one time, financier
Jay Gould Jason Gould (; May 27, 1836 – December 2, 1892) was an American railroad magnate and financial speculator who founded the Gould family, Gould business dynasty. He is generally identified as one of the Robber baron (industrialist), robber bar ...
acquired a controlling interest in the bank, and New York's
William M. Tweed William Magear "Boss" Tweed (April 3, 1823 – April 12, 1878) was an American politician most notable for being the political boss of Tammany Hall, the Democratic Party's political machine that played a major role in the politics of 19th ...
("Boss Tweed") was one of its directors. The Tenth National Bank was also "Gould's primary vehicle to finance his move to establish a gold corner," leading up to
Black Friday (1869) On September 24, 1869, a gold panic broke out in the United States, triggering a financial crisis. The panic, which became known as Black Friday, was the result of a conspiracy between two investors, Jay Gould, later joined by his partner James Fi ...
. The bank failed in the 1870s.


References

Bank failures in the United States Economic history of the United States Companies disestablished in the 1870s {{Bank-stub