expired, and its affairs being in liquidation, he bought out the
entire concern; and, merely changing the name to Girard's Bank,
continued it in being as a private institution, in the same building,
with the same coin in its vaults, the same bank-notes, the same
cashier and clerks. The banking-house and the house of the cashier,
which cost three hundred and fifty thousand dollars, he bought for one
hundred and twenty thousand. The stock, which he bought at four
hundred and twenty, proved to be worth, on the winding up of the old
bank, four hundred and thirty-four. Thus, by this operation, he
extricated his property in England, invested it wisely in America,
established a new business in place of one that could no longer be
carried on, and saved the mercantile community from a considerable
part of the loss and embarrassment which the total annihilation of the
bank would have occasioned.

His management of the bank perfectly illustrates his singular and
apparently contradictory character. Hamilton used to say of Burr, that
he was great in little things, and little in great things. Girard in
little things frequently seemed little, but in great things he was
often magnificently great. For example: the old bank had been
accustomed to present an overcoat to its watchman every Christmas;
Girard forbade the practice as extravagant;--the old bank had supplied
penknives gratis to its clerks; Girard made them buy their own;--the
old bank had paid salaries which were higher than those given in other
banks; Girard cut them down to the average rate. To the watchman and
the clerks this conduct, doubtless, seemed little. Without pausing to
argue the question with them, let us contemplate the new banker in his
great actions. He was the very sheet-anchor of the government credit
during the whole of that disastrous war. If advances were required at
a critical moment, it was Girard who was promptest to make them. When