05_The_Islands_first_bank_p_8-13.pdf

Description

MetaData
title	The Island's First Bank
creator	Baldwin, Douglas O.
subject	Island Magazine
subject	Prince Edward Island Museum
description	Banking on Prince Edward Island, today controlled by huge conglomerates headquartered in Central Canada, was once served by five locally-owned and - operated institutions. These banks served Island communities well for the most part, and contributed to the province's economic expansion in the latter part of the 19th century. The Bank of Prince Edward Island was both the first institution established in the colony, and the first one to fail. An examination of its 26-year history reveals a great deal about the benefits and shortcomings of small, locally-owned banks. At mid-century the Island was enjoying an economic upswing. A need for circulating currency was felt, as was a need for a local bank, given the colony's distance from the Halifax banks.
publisher	Prince Edward Island Museum
date	1983
type	Document
format	application/pdf
identifier	vre:islemag-batch2-185
source	14
language	en_US
rights	Please note that this material is being presented for the sole purpose of research and private study. Any other use requires the permission of the copyright holder(s), and questions regarding copyright are the responsibility of the user.

MetaData
title	The Island's First Bank
creator	Baldwin, Douglas O.
subject	Island Magazine
subject	Prince Edward Island Museum
description	Banking on Prince Edward Island, today controlled by huge conglomerates headquartered in Central Canada, was once served by five locally-owned and - operated institutions. These banks served Island communities well for the most part, and contributed to the province's economic expansion in the latter part of the 19th century. The Bank of Prince Edward Island was both the first institution established in the colony, and the first one to fail. An examination of its 26-year history reveals a great deal about the benefits and shortcomings of small, locally-owned banks. At mid-century the Island was enjoying an economic upswing. A need for circulating currency was felt, as was a need for a local bank, given the colony's distance from the Halifax banks.
publisher	Prince Edward Island Museum
date	1983
type	Document
format	application/pdf
identifier	vre:islemag-batch2-185
source	14
language	en_US
rights	Please note that this material is being presented for the sole purpose of research and private study. Any other use requires the permission of the copyright holder(s), and questions regarding copyright are the responsibility of the user.