Old Bank - North Smithfield RI
Posted by: 
nomadwillie
N 41° 59.445 W 071° 32.197
19T E 289886 N 4651861
Once used as the Smithfield Union Bank, today it a single family home.
Waymark Code: WMQXM4
Location: Rhode Island, United States
Date Posted: 04/11/2016
Views: 3
Next to the Slocumb House is the Old Bank (not open), once used as a dwelling and store by Walter Allen, and changed into a bank in 1805.
This institution, the first one of its kind in this part of the State, remained in these quarters over fifty years. Its charter, a large lock and key, letters from Moses Brown who was a director, and other records are in the possession of the Woonsocket Trust Company. Many of the old documents are written in ink made of nutgalls and sulphate of iron (green vitriol), which was dried by being dusted with black sand. The bank's first cashier received $i a day for his services. In September, 1805, Nabby Wilkinson was paid $1.75 'for washing and ironing' the bank's bills. The first big robbery occurred in October, 1838, when a Charles Lewis made off with $3041. The Old Bank building, as now remodeled for a dwelling house, gives little evidence of its former use. Painted a dark red, it is neat and in good repair.
p.379 Rhode Island - A Guide to the Smallest State, 1937
One would never guess this was a bank passing by it on Pound Hill Rd. A very unassuming 2 1/2 story federal style home. It is in very good condition and well maintained. This home was originally located at the corner of Pound Hill Rd and Great Road, used as a dwelling and store by master builder Walter Allen. The bank was open from in 1805 and operated until 1851.
Book: Rhode Island
Page Number(s) of Excerpt: 379
Year Originally Published: 1937
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