Tag: First Bank

A CAPITAL LOSS

Posted by – July 5, 2011

I grew up in Kentucky, just across the Ohio River from Shawneetown, Illinois.  At the time, the legal drinking age in Illinois was 18, but the local watering holes had a very liberal interpretation of that statute.  We misspent more than a few nights of our youth there, contributing to the local economy at places like Hog Daddy’s Saloon, which at that time were about all the remaining commerce the dying town had.

Among our many misconceptions was that Shawneetown was the first sate capital.  Actually, it was home to the first bank charted in Illinois.  In addition to other dubious distinctions from its municipal past, the town had refused to buy the first bonds issued by the City of Chicago, stating, “No city located that far from a navigable river could survive.”  This picture is actually of the town’s second bank, considered to be a fine example of Greek revival architecture.

At one time, this US Government center for the Northwest Territory was an integral link to the new frontier.  Lewis and Clark may (or may not) have slept here.  It was one of only two towns chartered by the Federal Government, the other being Washington, D.C.

Today, the river that was once the town’s ally has become the town’s enemy.  The series of locks, dams, levees and floodwalls that made our rivers commercially viable have made small towns like Shawneetown susceptible to flooding.  Think Cairo, IL.  Many have simply closed their City Halls and called it quits.

When I went back to shoot this photo, I discovered that even Hog Daddy’s Saloon had closed.  These are hard times for small towns.