Who Replaced Bird, Savage & Bird as the U.S. Government's Bankers in Britain After Their Failure?

💡 The Answer

• After Bird, Savage & Bird failed in early 1803, the U.S. needed new banking agents.
• The U.S. government appointed merchant bankers Francis Baring & Co. as replacements.
• Francis Baring & Co. were a well-known London banking house at the time.
• This change occurred because Bird, Savage & Bird could no longer fulfill their duties.