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Rare 1835 New-York State Bank Deposit Receipt – Early Insurance Company Transaction!
For sale is an original 1835 bank deposit receipt from the New-York State Bank in Albany, New York, documenting a $375 deposit credited to the New York Life Insurance & Trust Co. This early financial document offers a fascinating glimpse into the banking and insurance industries of the early 19th century.
Key Details:
Date: May 28, 1835
Bank: New-York State Bank (Albany, NY)
Amount: $375
Depositor: P.W. Shankland, Esq.
Recipient: New York Life Insurance & Trust Co.
Signed by: A. Norton Bellu
Marking: "Duplicate" printed along the left margin
Dimensions: Standard check/document size of the era
About the New York Life Insurance & Trust Company:
Founded in 1830, the New York Life Insurance & Trust Company was one of the earliest financial institutions in the United States dedicated to life insurance and trust services. It played a pioneering role in shaping modern life insurance, investment banking, and estate management. Unlike traditional banks, it specialized in managing trust accounts, estate planning, and long-term investments, serving high-net-worth individuals and businesses during a period of rapid financial expansion in America.
Today, New York Life Insurance Company is still in business, making it one of the oldest and most successful insurance companies in the U.S. Since its official founding as New York Life in 1845, it has grown into the largest mutual life insurance company in the country, consistently earning top financial strength ratings. The company has been in operation for nearly two centuries, providing life insurance, annuities, and investment management services.
Historical Significance:
This document is a rare and early example of a financial transaction involving a major American insurance and trust institution. The New York Life Insurance & Trust Co. was integral to the growth of the financial sector in the early 19th century, handling large sums for investment, estate management, and trust services. This deposit slip serves as a tangible piece of that history, marking the early years of a company that evolved into today's New York Life Insurance Company.
Condition:
Overall: Good condition for its age, with clear and legible handwriting.
Paper: Moderate toning consistent with nearly 190 years of age.
Tear: Small tear along the bottom (see photos).
Ink & Print: Strong and unfaded.
This is a rare and unique piece of American financial history, perfect for collectors of banking memorabilia, insurance history, or early New York ephemera.
Ships securely in an archival sleeve with rigid protection to ensure safe delivery. Don’t miss the opportunity to own this historical financial document!
Feel free to reach out with any questions. Thanks for looking!
