On This Day
1782 – The first American commercial bank, the Bank of North America, opens.
The Bank of North America was a private bank first adopted on May 26, 1781, by the Continental Congress, and opened in Philadelphia on January 7, 1782. It was based upon a plan presented by US Superintendent of Finance Robert Morris on May 17, 1781 that created the Nation’s first de facto central bank. When shares in the bank were sold to the public, the Bank of North America became the country’s first initial public offering. It was succeeded in its role as central bank by the First Bank of the United States in 1791.
Born On This Day
1827 – Sandford Fleming, Scottish-Canadian engineer, created Universal Standard Time (d. 1915)
Sir Sandford Fleming KCMG (January 7, 1827 – July 22, 1915) was a Scottish Canadian engineer and inventor. Born and raised in Scotland, he emigrated to colonial Canada at the age of 18. He promoted worldwide standard time zones, a prime meridian, and use of the 24-hour clock as key elements to communicating the accurate time, all of which influenced the creation of Coordinated Universal Time. He designed Canada’s first postage stamp, left a huge body of surveying and map making, engineered much of the Intercolonial Railway and the Canadian Pacific Railway, and was a founding member of the Royal Society of Canada and founder of the Canadian Institute, a science organization in Toronto.
Ms. Wurtzel announced in 2015 that she had breast cancer, a challenge that she dismissed as “nothing” compared to stemming her drug use or overcoming the death of her rescue dog Augusta. She underwent a double mastectomy, but the breast cancer recently metastasized to her brain, said her husband, Jim Freed. The immediate cause of death was complications from leptomeningeal disease, which occurs when cancer spreads to the cerebrospinal fluid.
Maggie Menderski, Louisville Courier Journal: Louisville, you’re weird and wonderful. So we got a ‘new’ columnist to tell your stories
The Rural Blog: New index offers better measurement of rural innovation; Giant telecoms fighting requirements to provide higher broadband speeds under new rural subsidy program; Dairy giant Borden files Chapter 11 bankruptcy and more ->
Open Culture: Pink Floyd Films a Concert in an Empty Auditorium, Still Trying to Break Into the U.S. Charts (1970); John Coltrane’s Handwritten Outline for His Masterpiece A Love Supreme; Watch Peluca, the Student Film That Became the Cultural Phenomenon Napoleon Dynamite (2002)