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