Did Bird, Savage & Bird Become US Banking Agents?

💡 The Answer

• Bird, Savage & Bird were London merchants trading with North America.
• They later became banking agents for the U.S. Government.
• This role was unusual for a merchant firm at the time.
• Their failure in early 1803 left the US as major creditors.
• The US then appointed Francis Baring & Co. to replace them.