Did Bird, Savage & Bird act as bankers for the US government?

💡 The Answer

• Bird, Savage & Bird was a London merchant firm that later became banking agents for the U.S. Government.
• In 1802, Ambassador Rufus King instructed them to make a routine payment.
• They were reluctant to comply, raising concerns about their financial stability.
• This role ended when the firm failed in early 1803.
• The U.S. then appointed Francis Baring & Co. to replace them.