Which Bank Replaced Bird, Savage & Bird as U.S. Government Agents?

💡 The Answer

• Bird, Savage & Bird were London merchants acting as U.S. banking agents.
• They failed in early 1803, leaving the U.S. as major creditors.
• The U.S. Government then appointed Francis Baring & Co. to replace them.
• Francis Baring & Co. were prominent merchant bankers in London.