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Departures of note

Global edition

Andrew Dexter, Jr.

1779–1837

Andrew Dexter, Jr. printed worthless bank notes to fund the Exchange Coffee House and fled creditors.

Historical departure

Particulars

Around 1805 Andrew Dexter, Jr. conceived the idea of a large office building with public meeting space and began construction of the Exchange Coffee House in Boston.

He printed massive quantities of worthless bank notes to pay for construction and operation of the building; when his fraud was uncovered, he lost control of the venture and fled the country, later returning from Canada and living in New York while working to repair his finances and settle his debts.

Compiled from Wikipedia. Automated record.

Sources cited