13.01.

The man whose face was on $10,000

The man whose face was on $10,000

In January 13, 1808, Salmon P. Chase, the American politician and lawyer by whom he is now known as one of the world’s largest banks – JPMorgan Chase, was born. Chase was not personally a banker and did not participate in the founding of the bank, but was only indirectly named after him. Specifically, in 1877 the banker John Thompson’s founded Chase National Bank, named in honor of Salmon P. Chase, who was already dead at the time (he died as early as 1873).

Chase National Bank merged in the coming years with another banking institution at Chase Manhattan Bank. Later, a merger with J.P. Morgan & Co., which formed the giant JPMorgan Chase Bank. This bank is one of the largest banking institutions in the world today, and is regularly ranked first or second largest in the US.

Salmon P. Chase was a legal practitioner and became President of the US Supreme Court. He was, in addition, the US Treasury Secretary (in the US, the Treasury Secretary), the Governor of Ohio, as well as the Senator. He passed away in New York at the age of 66. Salmon P. Chase’s face used to be on $ 10,000 bills until they were withdrawn from circulation (today, up to $ 100 bills are in normal circulation).

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