Oldest Bank in America? (final)

choi

Todd Wallack, Which Bank Is the Oldest? Accounts Vary: Institutions’ roots are tangled, and a 1784 Mass. charter plays a central role in competing claims from two modern-day giants. Boston Globe, Dec 20, 2011.
http://www.bostonglobe.com/busin ... sx8bhgAJ/story.html

Note: The article stated, "Several towns, including Beverly and Marblehead, jostle over where the Navy was born." Both are on Massachusetts coast.

(a) United States Navy
http://en.wikipedia.org/wiki/United_States_Navy
(section 2.1 Origins: In the early stages of the American Revolutionary War, the establishment of an official navy was an issue of debate among the members of the Continental Congress. Supporters argued that a navy would protect shipping, defend the coast, and make it easier to seek out support from foreign countries. Detractors countered that challenging the British Royal Navy, then the world's preeminent naval power, was a foolish undertaking.)

There is no need to read the rest of this Wiki page.

(b) History of the United States Navy
http://en.wikipedia.org/wiki/History_of_the_United_States_Navy
(The United States Navy recognizes 13 October 1775 as the date of its official establishment, when the Continental Congress passed a resolution creating the Continental Navy)

Pay attention to footnote 5 (Duane Westfield and Bill Purdin, The Birthplace of the American Navy. Marblehead Magazine, Sept 5, 2011) and the text around it.