The article presents information on a financial experiment that was launched in Boston, Massachusetts in 1681 called the Fund at Boston in New England. The Fund was designed to work similar to a financial institution that lends bank credits to members and the public. The author notes that this institution had been mostly forgotten, but the discovery of a pamphlet in the Watkinston Library titled "Severals relating tot the Fund," brought it to the attention of the American Antiquarian Society. The author discusses how society member J. Hammond Trumbull made the discovery and subsequently wrote an essay on early banking in New England.
Publication Date
Volume
15
Part
3
Page Range
368-384
Proceedings Genre