1806 : Territorial Legislature Calls for a Bank in Detroit

When:
September 19, 2024 all-day
2024-09-19T00:00:00-04:00
2024-09-20T00:00:00-04:00

On Sept. 19, 1806, Michigan’s territorial legislature passed an act to establish a bank in Detroit.

As it turned out, the bank was a fraud. It distributed $165,000 in bank notes it was unable to redeem.

Source: Historical Society of Michigan

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