The Bank of North America now sustained a serious loss in the
resignation of its president, Mr. Willing, on January 9, 1792, after a
term of service extending over a little more than ten years. He had been
chosen to preside over the affairs of the Bank of the United States, a
station for which it was justly supposed that his talents and experience
eminently qualified him. He was succeeded in office by John Nixon, an
almost equally well-known and respected citizen. Born in 1733 of Irish
parentage, Mr. Nixon for a number of years did a prosperous business in
the city of Philadelphia. He was one of the many signers of the
Non-importation Resolutions, and upon the breaking out of the Revolution
made himself prominent by his strenuous efforts and warm interest in the
national cause. He was a member of the Committee of Safety, and had the
honor of first proclaiming to the citizens of Philadelphia the
Declaration of Independence. During some portion of the war he did
active service, with the rank of colonel, in the Continental Army. He
was one of the original subscribers to the bank, and had been a director
since 1784. He retained the office of president for seventeen years
until his death, which occurred on December 24, 1808.
Meantime the business of the bank was rapidly increasing as the commerce
of the country grew. The profits were so great that annual dividends of
12 per cent. were paid to the various stockholders. Nor did the
institution cease to accommodate the public from time to time with loans
of considerable extent. During the year 1791 the bank advanced to the
Commonwealth, at different times, in all one hundred sixty thousand
dollars, and in the following year something over fifty-three thousand
dollars.
NEGRO REVOLUTION IN HAITI
TOUSSAINT LOUVERTURE ESTABLISHES THE DOMINION OF HIS RACE
A.D. 1791
CHARLES WYLLYS ELLIOTT
Haiti, the Spanish Santo Domingo, earlier called Española,
is the largest of the West Indian islands except Cuba. The
bloody revolutionary and slave revolts which began in 1791
and ended in the supremacy of the negroes, form the most
memorable passages in its history. From 1797 their great
leader, Toussaint Louverture, whose achievements are here
recounted, was Governor of the whole island, whose
independence he proclaimed in 1801. Having afterward opposed
Napoleon's attempt to reëstablish slavery, Toussaint was
treacherously arrested and sent to France, where, in a
dungeon, he died in 1803. But white supremacy was never
restored in Haiti.
Public-domain text, read in full here on John Shaqi.
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