I put a lot of hours
and work into this. All I ask is for you to leave my link in here if you want to copy or use this info. (spirituallysmart.com) Have any good information pertaining directly to this research? Email
Lawrason Riggs (Son of George Washington Riggs) Founded St. Thomas
More Chapel at Yale University and was also, Yale's first Catholic
Chaplain, Ex Scroll
and Key Member, Which is a Secret Society similar to that of Skull
and Bones. Except Tax records show an endowment worth several million
dollars more than that of Skull and Bones. T Lawrason Riggs was also an Intelligence Officer in WW1.
notable Scroll and Key members include Alexandra
Robbins who did the documentary on Skull
Yale's comment on Thomas More, "St. Thomas More: The Man, The Saint Sir Thomas More served as Lord
Chancellor of England
under King Henry VIII. He was martyred for his opposition of Henry's
sucession from the Church,
and was canonized in 1935 by Pope Pius XI. For a more detailed biography,
read this article from
the Catholic Encyclopedia."
Catholic club at Yale
research on Thomas
More is more balanced and thorough.
The Vatican has always been deceptive regarding their history. This was
proven recently when they wouldn't allow researchers into their archives on Pope Pius XII's documents regarding the slaughter of millions of Jews and others during WWII and they are always downplaying the past Inquisitions and Crusades)
New York Times Article from 1915: "SEES NO CONSPIRACY IN RIGGS BANK CASE; Judge Expresses Doubt as to His Power to Mandamus Treasury Heads. $5,000 FINE THE POINT..."
Yale's St. Thomas More center Homepage:
info on T Lawrason Riggs: Biographical
Sketch (Yale Link) Born June 28, 1888, in New London, Conn.
Died April 26, 1943, in New Haven, Conn.
Father, George Washington Riggs (St. Mary's Coll., Oscott, Warwickshire,
president Riggs & Company (later Riggs National Bank), Washington, D.C.and
Janet Madeleine Cecelia (Shedden) Riggs of Washington.
Mother, Medora (Thayer) Riggs; daughter of James Smith Thayer (B.A. Amherst 1838)
and Medora (Cheatham) Thayer of New York City.
Yale relatives include a brother, E. Francis Riggs Class of 1909.
T. Lawrason Riggs Death due to coronary occlusion.
Buried in St. Lawrence Cemetery, New Haven. Survived by no immediate
relatives. Father Riggs left a bequest to St. Thomas More House,
the income of which is to be used for the salary of the chaplain.
T. Lawrason Riggs taught at Yale University,1916-1917; served with Mobile Hospital
Units in World War I; ordained a Roman Catholic priest, 1922; chaplain Catholic
Club at Yale, 1922-1938,and the More Club, 1938-1943; founded St. Thomas More
Chapel; instructor at Albertus Magnus College, 1925-1938; administrator, Church
of Our Lady of Pompeii, East Haven, 1922-1938; author and active on many boards.
Yale relatives include a brother, E. Francis Riggs (Was Later assassinated in
Puerto Rico by nationalists)
Fraternities: Psi Upsilon, Scroll and Key, Chi Delta Theta, and Phi Beta Kappa.
|Schooling of T. Lawrason Riggs
Attended Catholic University of America
St. Joseph's Seminary, Yonkers, N.Y., 1920-21,
and St. Thomas' Seminary, Hartford, Conn., 1921-22; ordained priest
in Roman Catholic church June 10, 1922; chaplain Catholic Club at Yale
1922-38 and its successor
The More Club 1938-43; Founded St.Thomas More
Association for Catholic students at Yale 1937 and
through the Association was instrumental in the building
of St. Thomas More Chapel;
T. Lawrason Riggs Drama Club Picture
Here's an article from the NY Times showing he played a woman in one part.
records show an endowment worth several million dollars more
than that of Skull and Bones.”
Scroll and Key's Building.
Scroll and Key members in 1866. It's the only picture in Yale's online
The center of Georgetown is the busy crossroad of Wisconsin Ave. & M
highlighted by the gold dome atop Riggs Bank. Inside the bank's vault
gold & marble gavel used by George Washington to lay the cornerstone
of the U.S.
Capitol in 1793. Short Video
Interesting FACTS linking Rome and Washington
Charles Pierre L’Enfant - City Planner for Washington D.C. - Roman
Daniel Carroll - One of three commissioners appointed by President
to survey and acquire land for the new government. The land where the
stands was donated by him. He was the brother of Archbishop John Carrol
and was also Roman Catholic.
Charles Carroll - Wealthiest man in the colonies at the beginning of
the American Revolution.
A signer of the Declaration of Independence and in 1776 was appointed
as one of a committee
of three, along with Benjamin Franklin and Samuel Chase, to visit Canada
to secure their
alliance. His cousin Jesuit Father John Carroll, accompanied them.
He was educated by
Roman Catholic Jesuits.
Robert Brent - The first and appointed mayor of Washington D.C. A nephew
John Carroll, and was Roman Catholic.
Constantino Brumidi - Hired painter of occult pictures in the Capitol
He came from Rome where he had gained a reputation for restoring the
frescoes. He was Roman Catholic.
John Carroll - Became a Jesuit Father in 1753. Became the first Bishop
hierarchy of U.S.A. and first Bishop and Archbishop of Baltimore Maryland.
Founder of Jesuit Georgetown College 1789.
Interesting note: In 1669, the surrounding land which is now Washington
belonged to a gentleman named Francis Pope, who called the area “Rome”
river inlet “Tiber”. He was the sheriff of Charles County Maryland.
Source: "Vatican Design Exposed" page 26
Read More information about how Washington DC used to be called Rome, Maryland
In recent times, Riggs Bank has been involved in some scandals. ~Story
Scandals involving Riggs national bank: Link 1; Link 2
From online Forum:
Bad bank! You've been a very, very bad bank!
I used to have a checking account at the Riggs Bank in Adams
It was near my apartment and looked like a place where people
went to deposit it, even if I only went inside to drop the $25
I got after
taxes on tips as a waiter every two weeks. They're a local DC
and have branches all over town.
Well, it seems that some very nasty people also bank at Riggs,
few dictators: "Riggs Bank courted business from former Chilean
dictator Augusto Pinochet and helped him hide millions of dollars
assets from international prosecutors while he was under house
arrest in Britain,
according to a report by Senate investigators."
"In May the bank agreed to pay $25 million in civil penalties for what
federal regulators called "willful, systemic" violation of anti-money-
laundering laws in its dealings with the embassies of Saudi Arabia
Equatorial Guinea. Several other federal investigations continue into
the bank's activities, and Riggs has hired investment bankers to explore
a sale of the company."
Augusto Pinochet, (Knight of Malta)- right wing favorite,
installed in '73 with Kissenger's help.
Equatorial Guinea's president, Teodoro Obiang, pockets billions
of dollars worth of oil revenue while his tiny nation remains mired
The Bush administration reopened
the U.S. Embassy in E.G. after Obiang
threatened to kill our ambassador in '96.
As for Saudi Arabia, well, you know the story about most of the 9/11
and money came from there, but we decided to invade Iraq instead, etc..
Three dictators, all of whom are in power mainly by the will of Republicans,
use Riggs to launder their ill-gotten gains. I guess now that
Lincoln Savings ;
Loan is out of business, the GOP has a new bank of choice.
Business in the Blood
"I was eating lunch in downtown Washington with Mike Fitzgerald, the chief executive of the new Bank of Georgetown . . ."
Fitzgerald is a former employee of Riggs Bank, which is now part of PNC. He's hoping the B of G will be a community-based commercial bank . . ."
"Mike is 50, lives in Bethesda, and graduated from Georgetown Preparatory School (1975), received a BA (economics) from Fairfield University in 1979 and completed an MBA at Loyola College in 1981."
The Fitzgeralds are no strangers to business. Mike's grandfather on the Fitzgerald side ran Hubert's bakery at 20th and S streets. His great grandfather was a D.C. policeman. His grandfather on his mother's side? You guessed it: a bank regulator. . . .The B of G has three branches: in its headquarters on 31st Street in Georgetown, in Friendship Heights and in Arlington." -- Thomas Heath
The FBI has probed how tens of thousands of dollars from the Riggs
bank account of Saudi Princess Haifa flowed to the families of two
Saudi students who subsidized two Saudi terrorists involved in the
September, 11th attacks.
Well-connected Riggs was widely considered to be an Agency bank(CIA)
and was the bank used by about 95% of foreign embassies in Washington.
Saudi accounts at Riggs were linked by investigators to some of the
Thursday, January 13, 2005
Trachtenberg (Riggs' National Bank Board of Directors)
Incriminating pictures edition.
Maybe that explains his reluctance to dump Pinochet as a client of
Riggs Bank ...
From the caption:
[Egyptian] President Mubarak received Mr. Stephen Joel Trachtenberg
head of George Washington University. Mubarak and Trachtenberg, during
their meeting, investigated Egypt's pivotal role for the economic development
of the Middle East and joint educational projects between George Washington
University and Egyptian universities.
Egypt: source of four 9/11 highjackers. Coincidence?
[Egyptian] President Mubarak received Mr. Stephen Joel Trachtenberg
head of George Washington University. Mubarak and Trachtenberg, during
their meeting, investigated Egypt’s pivotal role for the economic
development of the Middle East and joint educational projects between
George Washington University and Egyptian universities. -Egypt: source of four 9/11 highjackers. Coincidence?
Anyway, for comparison's sake:
Other Notable Riggs Bank Board Members include:
| Norman R. Augustine. Former Chairman and CEO, Lockheed Martin. (He is also highly connected to Jesuits via: Honorary Doctor of Humane Letters Degrees from
Trinity College, Georgetown University.)
J. O'DONOVAN, S.J. in 1993
President, Georgetown University; Trustee, University
Age 61 of Detroit Mercy; Board member, Consortium on Financing
Higher Education; Board member, Association of Catholic
Colleges and Universities; Board member, Association
of Jesuit Colleges and Universities.
Has been on the board of directors
of Disney since 1996
Riggs Bank was implicated in a money-laundering scandal involving
Saudi Arabian diplomats & Princess
and was ordered to pay $25 million in fines. Two of those transactions
are alleged to have made their
way to accounts of two of the September 11th hijackers.
Riggs Vice Chairman, Director and President of its Riggs Capital
Partners venture capital group;
J. Carter Beese Jr. had
previously been a SEC Commissioner for former President George
H.W. Bush from 1992 – 1994 and served as the Chairman of the Capital
Markets Regulatory Reform Project Center
for Strategic and International Studies. Before that he was the
Chairman of the big Skull & Bones
financial firm Alex Brown International, until it merged with Bankers
Trust. Following the merger
he served as the Vice Chairman of Bankers’ Trust Alex Brown's Global
Alex Brown Inc. was a blue-blood investment bank whose Baltimore
roots were as deep as any institution in the city. There are a
total of twelve (12) Brown Bonesmen, beginning with Alexander
Lardner Brown (Skull and Bones – 1856) himself, and with the last
one logging in for 1979.
The Brown family name was associated with Brown & Shipley in London,
Alex Brown in Philadelphia, Brown Brothers Harriman in New York,
Baltimore & Ohio Railroad (the B and O) , Alexander Brown & Sons
Philadelphia, John A. Brown & Co. in Philadelphia, and even Brown
University in Providence, Rhode Island.
The Allbrittion family owns about 46% of Riggs Bank’s stock,
and they have been major George H.W. Bush and George Bush donors
'Committed Suicide' April 11th 2007 ~ Additional
R Houston I've never seen someone
so highly decorated by the Society of Jesus.
He Was on Riggs national Bank Board of Consultants
George R Houston is also a member of this Jesuit fraternity
("alpha sigma nu") which uses this symbol to the right.
|| MICHELA A. ENGLISH
Senior Vice President, National Geographic Soci-
ety; Trustee, Supreme Court Historical Society;
Member Advisory Board, Yale University School
of Management; Director, Sweet Briar College.
E. FitzGerald, S.J.
Shares in Riggs Bank: 92,056
Clinical Professor of Medicine,
Georgetown University School of Medicine; Director,
National Capital Reciprocal Insurance
Company; Member, Medical Society of the
District of Columbia.
James E. FitzGerald, S.J. was the 4th President of Fairfield University. During his tenure, the Graduate Department of Education became the Graduate School of Education in 1963.
George P. Clancy, Jr., age 61, Knights of Malta (SMOM) and is also Executive Vice President and
Chief Lending Officer of Chevy Chase Bank, FSB, a position he has
held since 1995. Mr. Clancy has an extensive career in banking
which includes serving as President and Chief Operating Officer
of The Riggs National Corporation (1985-1986) and President and
Chief Executive Officer — Signet Bank, N.A. (1988-1995). Mr. Clancy
is active in several community and civic organizations, including
serving as Chairman of the Catholic Charities Foundation, Chairman
of the Washington, D.C. Police Fund, Member of the Board of Trustees
of the University System of Maryland Foundation, Inc. and the University
of Maryland College Park Foundation. Mr. Clancy has been a director
of Washington Gas Light Company and a director of WGL Holdings
since December 2000.
Sirota (via the Poor
Man), we get a tale of terror and high finance, with presidential
connections to boot:
According to the 5/14/04 New
York Times, Federal regulators fined the Riggs National Corporation,
the parent company of Riggs Bank, $25 million yesterday for "failing
to report suspicious activity, the largest penalty ever assessed
against a domestic bank in connection with money
laundering. The fine stems from Riggs's failure over at least
the last two years to actively monitor suspect financial
transfers through Saudi Arabian accounts held by the bank." The 5/14/04
An Untold Story
Street Journal reported that of particular concern,
Riggs failed to monitor "tens of millions of dollars in cash
withdrawals from accounts related to the Saudi Arabian embassy,"
including "suspicious incidents involving dozens of sequentially
numbered cashier's checks and international drafts written by
Saudi officials, including Saudi Ambassador Prince Bandar bin Sultan."
According to the 4/18/04 Washington
Post, Saudi Prince Bandar's wife, Princess Haifa al-Faisal, "may
have used a Riggs account to donate money to a charity that then
some of it to the Sept. 11 terrorists." According to the Washington
Post, federal regulators "called Riggs
actions a "'willful, systemic' violation of anti-money-laundering law."
Riggs officials have "acknowledged years of deficiencies in
reporting to law enforcement hundreds of millions of dollars
in suspicious financial transactions by foreign customers,
particularly those connected with the embassies of Saudi Arabia."
PRESIDENT BUSH'S UNCLE IS A CHIEF EXECUTIVE AT RIGGS BANK
According to the nonprofit Texans for Public Justice, Jonathan
Bush is the President and CEO of Riggs Investment Management
- a major arm of Riggs Bank. He is also the uncle of President George W. Bush. The President "credits
investors sent his way by this banker uncle as a key to his 'success'
Texas oil industry in the early '80s." According to Public
Citizen, the uncle
Jonathan was a Bush Pioneer, having raised more than $100,000 for his
nephew in 2000.
Wait, they're with Bush and with the terrorists?
That doesn't seem to fit with the administration's decree
of the binary dualism of the war on terror. But I digress.
So, Riggs Bank got themselves into trouble trouble because
they had illegal dealings with certain saudis. Really?
Who could have guessed that there'd be anything but good,
prudent, legal banking going on after they opened a
branch inside the Saudi embassy?! That's the same
building, by the way, that featured in its own segment
in Michael Moore's Fahrenheit 9/11, a movie which
focused heavily on the business connections between the
Bush family and the House of Saud.
But W isn't the only Washington president with connections
to both Riggs and the Saudi Royal Family (nor is he the
best paid). Meet Steven Joel Trachtenberg, the oft' top-hatted
president of the George Washington University.
Trachtenberg sits on Riggs' board of directors, where he's taken heat for opposing efforts to close the accounts of such Riggs clients as August Pinochet. But the fun doesn't stop there; according to the Hatchet, GW's student paper:
The connection between GW and Riggs runs deeper than Trachtenberg's
position on the bank's board. Robert Allbritton, Riggs' CEO and son
of its largest shareholder, is a member of the GW Board of Trustees
(Albritton refused through a spokesman to comment). In addition,
Riggs is one of four or five banks that handle the University's finances.
Ouch. Well, at least GW doesn't have any connection to Saudi Arabia.
Oh, Wait. There's that whole Saudi Princess thing. Apparently,
GW has set up a sort of distance
learning program for Saudi royals.
Courses in which two Saudi princesses wish to enroll are held in
a special classroom in the media building, where the students and
professor are recorded with video equipment and desk-mounted
microphones; the recordings are taken by daily courier to Riyadh
(at least, so said one professor).
In effect, the university has
set up a satellite campus inside the Saudi royal palace,
one-upping Riggs' embassy franchise. (For those familiar with GW,
such behavior should come as no surprise; while only medium-sized,
the university has 3 separate campuses in DC and Virginia.) And
as to that embassy: if Michael Moore found its placement so close
to the White House suspect, we should be positively alarmed at its proximity
But W isn't the only Washington president with connections to both
Riggs and the Saudi Royal Family (nor is he the best paid). Meet Steven
Joel Trachtenberg, the oft' top-hatted president of the George Washington
Georgetown University Campus
From 1889 to 1940
Early in 1889 E. Francis Riggs, as a memorial to his father, donated
funds to fit out the Healy Building's south pavilion as a modern and
capacious library. The original room was designed for 105,000 volumes,
more than twice the number to which the university laid claim.
library--and perhaps incipient rivalry with the recently-founded Catholic
University across town--led to very rapid growth in the library's ollections,
fueled not least by an outpouring of gifts not before paralleled in the
library's history. The catalogs for the years 1890 to 1900 record donations
far in excess of those of the previous ten years.
Samuel Morse: In 1810,
he graduated from Yale
Prescott Bush entered Yale University in 1913.
spent the last five years before college in St. George's
preparatory school in Newport, Rhode Island.
Averell Harriman (class of 1913) and Percy A. Rockefeller (class of 1900),
paid special attention to Prescott's class of 1917.
End of Riggs National Bank?
Riggs Bank History(Timeline)
1836 William Wilson Corcoran opens a note brokerage house---an early
form of bank.
1837 Businessmen from New York and abroad, including former neighbor
Elisha Riggs, shield the Corcoran brokerage house from collapse during
the economic panic.
1840 Corcoran and George Washington Riggs, Elisha's son, form Corcoran
Riggs, a partnership that offers depository and checking services.
1842 States-rights Democrat John Tyler is the first President of
the United States to bank at Corcoran ; Riggs.
1844 The U.S. government selects Corcoran ; Riggs as the sole federal
depository in Washington.
1845 Corcoran ; Riggs finances the invention of the telegraph by Samuel
Corcoran ; Riggs purchases the buildings and assets of the Washington
of the defunct Second Bank of the United States, located across the street
from the Treasury.
Corcoran ; Riggs invests heavily in railroads and land, contributing
to the nations push westward.
1847 Corcoran ; Riggs lends $16 million to the U.S. government for the
Mexican War and subsequently covers the loan by selling bonds to London
financial houses. As the first sale of American securities in Europe
since 1837, this transaction bolsters the credit of all American bankers.
1850 Senators Henry Clay, John C. Calhoun and Daniel Webster bank at
1853 U.S. Army Corps of Engineers opens Corcoran ; Riggs accounts for
construction of the Washington Aqueduct and the extension of the Capitol.
1854 Corcoran retires to devote his life to private investments and
charitable causes; George Washington Riggs takes over the bank
under its new name, Riggs ; Co.
1861 Abraham Lincoln opens an account at Riggs shortly before Civil
War hostilities begin, only weeks after Confederate President
Jefferson Davis closes his account.
1865 Instead of accepting a charter under the new national bank act,
Riggs ; Co. remains a private bank. This decision accounts for the
bank's stability in the aftermath of the Civil War.
1868 Upon the request of Secretary of State
Seward, Riggs ; Co.
supplies $7.2 million in gold bullion to the U.S. government to purchase Alaska
1873 Financial panic throws banking houses
across the nation into
confusion, yet Riggs deposits double within the next three years.
Following the death of George Washington Riggs, Charles Carroll
becomes the dominant force in the bank. (Later in 1940, Great
Grandson, Charles Carroll Glover
III enters Yale and is tapped for Skull and Bones.)
Charles Carroll Glover
1889 Elisha Riggs Donates a Library to Jesuit Georgetown
University as a memorial to his father, George Washington riggs.
1896 Riggs ; Co. accepts a national banking charter. The Riggs National
Bank elects its first board, sells stock, and shifts its focus from
specialized investment services to general banking services for a
large clientele. Glover becomes the first president of the bank.
1900 Lawrason Riggs, the last member of the family associated with the
bank, retires from the board of directors. With deposits of more than
$5 million, Riggs is twice as large as any other bank in the District
of Columbia. Riggs issues stock to National City Bank, the largest
New York bank, to forge a profitable alliance.
1902 Successful American reports: "The Riggs National Bank is to
Washington as the Bank of England is to London."
1904 Headquarters at 1503 Pennsylvania Avenue opens. It features a
Ladies' Department designed to meet the special needs of women,
including American Red Cross founder Clara Barton and suffragist Susan
1907 Even though a panic creates severe money shortages,
Riggs pays an extra dividend to its shareholders.
1908 Charles Glover presents his plan for economic relief to Congress.
This serves as the foundation for a series of financial reforms,
including the establishment of the Federal Reserve System in 1913.
1915 Moody's financial monthly reports that Riggs has been for years
the favorite bank of army and navy officers, through whose travels
its name has been carried to all parts of the world. It has been
said that in the Far East the Riggs Bank is the best known American banking
1919 General John J. ("Black Jack") Pershing salutes from horseback
during his victory parade. He later joined Riggs' Board of Directors.
1920 Riggs takes advantage of provisions in the Federal Reserve Act
that allow national banks to accept savings deposits and establish a
1921 Former Assistant Secretary of the Treasury Milton E. Ailes succeeds
1922 Following consolidations with two local banks, Riggs opens its first
1925 After the sudden death of Milton Ailes, Robert V. Fleming becomes
Riggs' president at the age of 35.
1928 Riggs merges with Farmers and Mechanics Bank of
Georgetown, which a Riggs family member helped found in 1814.
1929 Whereas over-speculation strains the resources of most banks,
Riggs does not lose any assets because of bad loans or investments following
the Great Crash.
1931 Riggs Bank provides $500,000 in cash to Perpetual Savings and
Loan of Washington. Depositors and other banks match this sum to end
runs on Perpetual.
1933 Fleming advises Roosevelt regarding the structure of the newly
established Federal Deposit Insurance Corporation.
1935 The American Bankers Association elects Fleming its president.
1939 Total assets are $119 million, compared to $57 million when the
Great Depression began. During those years, 40 percent of all U.S. banks
1941 Robert Fleming makes a national broadcast appeal for war bond sales;
by 1945 Riggs will have sold $233 million in war bonds.
1942 The Bureau of Standards stores their most precious items -- standards
of length and mass made mostly of platinum --in the vaults at the Chevy
Chase Branch on Connecticut Avenue for safety against air raids.
1943 Riggs provides the accounting facilities for the Office of Price
Administration, which distributes ration coupons for basic commodities
such as sugar, gasoline, meats, and shoes.
1946 Riggs begins to emphasize GI, home, auto and other consumer-
oriented loans as the post-World War II boom begins.
1947 Riggs processes a World War II loan repayment of $50 million,
the largest check ever drawn on a District bank.
1948 Riggs' general ledger books are done by machine instead of by hand
for the first time.
1949 Nationally syndicated newspaper columnist Bob Considine calls
Riggs "just about the closest thing we'll ever have to a Bank of the
1950 Riggs' International Division develops a special relationship
with the new International Monetary Fund and World Bank; most embassies
are now customers.
1951 Korean War commander Matthew B. Ridgway is a Riggs customer,
continuing a military tradition which includes William Tecumseh
Sherman, Ulysses S. Grant, Douglas MacArthur, Chester Nimitz and Dwight
1958 Riggs now has 13 branches, after recent mergers with Washington
Loan and Trust and Lincoln National Bank.
1961 Riggs sponsors its first television program, World Concert Series,
broadcast Sundays at 2:00 p.m. Guests include Arthur Rubenstein and Marian
1962 Following the Cuban Missile Crisis, Riggs immediately implements
new plan to store bank records "in vault storage space in a mountainous
area distant from the City of Washington."
1963 The Fleming era ends the same year that Riggs opens its new corporate
headquarters. Lewellyn Jennings, former deputy Comptroller of the Currency,
takes over as Chairman of the Board. The computer begins to service customer
1967 Riggs and Data Computer Center, Inc. (renamed Riggs Computer Services,
Inc. in 1970 and absorbed into the bank in 1972) established to provide
automated accounting services for business customers. At this time
a young named George
P. Clancy, Jr. begins as a management trainee and worked his way
president and chief operating officer. He also attains to a very high
position as a
of Malta (SMOM) and is named on the board of directors for Jesuit
Woodstock Seminary on
the Georgetown Campus in 1998.
1969 Riggs opens its first TV Drive-in windows using television cameras,
audio systems and pneumatic tubes at its Chevy Chase Branch.
1970 Riggs installs its first computer system that enables staff to
view a customer's account on a monitor.
1971 The Advertising Club of Metropolitan Washington awards its top honors
for its first venture into television advertising---a ten-second ``Bank-by-Mail" commercial.
1972 Riggs' first overseas branch opens in Nassau, Bahamas to serve the
deposit and loan requirements of its customers.
1973 Upon the invitation of the British Embassy, Riggs opens its first
facility with a foreign embassy in Washington. Luis F. Corea, Riggs'
Senior Vice President in charge of the Foreign Department, receives
the National Order of Merit from the French government at its embassy
in Washington in recognition of his contributions in banking.
1976 Riggs introduces 24-Hour teller machines at its branches.
Customer usage is twice the national average for similar equipment.
1980 Riggs becomes Washington's first and only bank to open a branch
Riggs National Corporation is formed as a holding company including all
companies sharing the Riggs identity.
Riggs International Banking Corporation (Edge Act Bank)
opens in Miami to focus on serving non-U.S. citizens.
L. Allbritton becomes the first active chairman of Riggs
National Corporation. He also runs the ABC affiliate in Washington D.C.
1982 When federal deregulation permits bank money market accounts, Riggs
gains a greater share than any other District bank, exceeding the $1
mark within three years.
1983 ``The most important bank in the most important city in the world"
provides the theme as Riggs launches a long-range campaign emphasizing
its service capabilities and its commitment to customers.
1984 Riggs purchases the Anglo-Portuguese Bank to form Riggs Bank Europe.
1986 Riggs joins CIRRUS, a nationwide system of 10,000 automatic teller
thereby providing customers access to their accounts at more than 12,500
Riggs opens its first branches in the suburbs as The Riggs National Bank
Virginia with the acquisition of Guaranty Bank and Trust.
Riggs dedicates its newly-restored building on 1503 Pennsylvania Avenue
to W.W. Corcoran.
1987 Riggs Bank launches private banking to give clients a one-on-one
relationship with an experienced financial advisor. Riggs expands into
Maryland as the The Riggs National Bank of Maryland with the acquisition
of First Fidelity Bank of Rockville.
1988 The U.S. Treasury Department awards Riggs the contract to consolidate
its separate collections systems. CA$HLINK replaced cash payments with
transfers and streamlined the government's cash management system, resulting
significant cost savings to the government. At the request of the State
Riggs opens a branch at the U.S. embassy in London.
Riggs Investment Management Corporation (RIMCO) is created as a subsidiary
Riggs Bank to manage all the money in the trust department and new clients
the institutional, non-profit and pension markets.
1989 Farmers and Mechanics Branch in Georgetown is restored to its original
neo-classical style, particularly its interior details and gold dome.
1990 Riggs Bank forms the Financial Services Group by merging private
RIMCO, and the trust department to enhance customer service. Riggs purchases
certain assets and assumes the deposits of the National Bank of Washington.
1993 To date, at least twenty-one First Families have banked at Riggs.
1996 Riggs builds upon its reputation in embassy banking in Washington
extends its banking services to non-U.S. embassies in London for the
Customers can meet nearly all their banking needs, including investment
by simply placing a telephone call with the establishment of RiggsDirect.
While on an economic development mission to Bosnia and Croatia, Paul
head of the International Division, dies in a plane crash with
U.S. Commerce Secretary Ronald Brown.
1997 Riggs ; Company is formed, bringing together the services of RIMCO
and the Riggs Financial Services Group. The subsequent purchase of J.
Incorporated as well as alliances with life insurance agents and brokers
Peat Marwick (KPMG) enable Riggs to bring a comprehensive range of financial
services to its clients. Riggs offers a full-range of banking services,
including investment sales, on the web.
1998 Riggs Capital Partners is founded to invest in emerging companies,
with particular emphasis on the Washington, D.C. area's vibrant technology
1999 Riggs Investment Corp., a broker/dealer, is established; its Investment
located at several branches, provide planning for reduction of taxes,
college education, and wealth building and preservation. Upon the request
State Department, Riggs Europe opens a branch in Berlin, the capital
of a reunited Germany.
New eagle trademark is introduced to broaden Riggs' identity as a provider
of a full spectrum of financial services.
U.S. Treasury Department selects Riggs Bank to redesign and manage the
CA$HLINK cash management system, the largest deposit and cash reporting
system in the world.
Riggs consolidates and relocates all international banking functions
to a newly-restored
complex named the Paul Cushman III International Financial Center.
2000 Riggs Investment Banking is launched, offering corporate clients
access to a variety of capital markets and financing opportunities.
Riggs ; Co. International opened two new offices - one in London and
the other in Jersey (Channel Islands)- with a customer-built
state-of-the-art information technology platform that provides
customers with sophisticated, integrated information on their
banking arrangements and investment portfolios.
International Clients, Riggs Went Down a Perilous Path
By Terence O'Hara
Washington Post Staff Writer
Monday, March 21, 2005; Page E01
Though Riggs has paid more than $50 million in fines and settlements
shareholders and prosecutors in the United States and Spain, including
$8 million from the bank and $1 million from the Allbrittons into a fund
to benefit Pinochet's victims, in eight months since that July report,
no Riggs executive or board member, past or present, has offered any
public statement of regret. Contrary to nearly every other major scandal
at a public company in recent years, Riggs has offered no public
accounting of the events surrounding the company's hiding of Pinochet's
money or of the broader failures of its international division that caused
That is not likely to change. Riggs on May 13 will be merged into
Pittsburgh's PNC Financial Services Group Inc. Riggs's board will
disband, and a more than 160-year-old institution steeped in the
early financial history of the United States will cease to exist.
At least several hundred Riggs employees are expected to lose their jobs.
5, 2006, GW TO RECEIVE HISTORIC RECORDS FROM PNC-RIGGS BANK ARCHIVES
VALUED AT MORE THAN $5 MILLION.
from wiki entry: There he started a bank with
financing from the Rothschilds and entered into a partnership with Junius
Morgan, father of J.
P. Morgan; today's assorted financial businesses with the name Morgan
trace their roots to Peabody's bank. (Chernow: The House of Morgan)
Peabody is the acknowledged father of modern philanthropy, having established
the practice later followed by Andrew
D. Rockefeller, and Bill
Peabody Museum at Yale:
History of George Peabody
The documents from Riggs, Peabody and Co., a predecessor of J.P.
include a December 1833 receipt for a pair of shoes for a slave named
The documents from Riggs, Peabody and Co., a predecessor of J.P. Morgan
include a December 1833 receipt for a pair of shoes for a slave named
William W. Corcoran, a client of George Peabody, there
was a receipt
for an August 1832 ad placed in the Columbia Gazette for the private
sale of slaves.
And there was a Peabody and Riggs receipt listing slaves transported
on a ship called the Aurora.
The present Vice President, George Bush, is the son of Prescott Bush,
a partner of
Brown Brothers Harriman, for many years the senator from Connecticut,
and the financial
organizer of Columbia Broadcasting System of which he also was a director
for many years.
To understand why these firms operate as they do, it is necessary to
give a brief history of their origins.
Few Americans know that
J.P. Morgan Company began as George Peabody and Company. George Peabody
born at South Danvers, Massachusetts, began business in Georgetown,
D.C. in 1814
as Peabody, Riggs and Company, dealing in wholesale dry
in operating the Georgetown Slave Market. In 1815, to be closer to
of supply, they moved to Baltimore, where they operated as Peabody
and Riggs, from
1815 to 1835.
Peabody found himself increasingly involved with
from London, and in 1835, he established the firm of George Peabody
and Company in London.
Better History of G. W. Riggs, Father of T Lawrason Riggs and son of
He had excellent entree in London business through another Baltimore
firm established in
Liverpool, the Brown Brothers. Alexander Brown came to Baltimore in
1801, and established
what is now known as the oldest banking house in the United States,
still operating as
Brown Brothers Harriman of New York; Brown, Shipley and Company of
England; and Alex Brown
and Son of Baltimore. The behind the scenes power wielded by this firm
is indicated by the
fact that Sir Montagu Norman, Governor of the Bank of England for many
years, was a partner
of Brown, Shipley and Company.* Considered the single most influential
banker in the world,
Sir Montagu Norman was organizer of "informal talks" between heads
of central banks in 1927,
which led directly to the Great Stockmarket Crash of 1929.
Soon after he arrived in London, George Peabody was surprised to be
summoned to an
audience with the gruff Baron Nathan Mayer Rothschild. Without mincing
Rothschild revealed to Peabody, that much of the London aristocracy
Rothschild and refused his invitations. He proposed that Peabody, a
man of modest
means, be established as a lavish host whose entertainments would soon
be the talk
of London. Rothschild would, of course, pay all the bills. Peabody
accepted the offer,
and soon became known as the most popular host in London. His annual
Fourth of July
dinner, celebrating American Independence, became extremely popular
with the English
aristocracy, many of whom, while drinking Peabody's wine, regaled each
other with jokes
about Rothschild's crudities and bad manners, without realizing that
every drop they
drank had been paid for by Rothschild.
Like the Rothschilds before it, the House of Morgan has humble beginnings.
Originally called the House of Peabody, the bank was founded
rags-to-riches Baltimore dry-goods merchant named George Peabody.
Peabody dropped out of school when his father died and went to work
brother's shop to support his widowed mother and six siblings. His
business gained him the capital to move to Baltimore and buy into a
with successful merchant Elisha Riggs, whom he met while fighting
War of 1812. Together, Peabody and Riggs worked their way to
the top of
Baltimore's merchant class.
In 1835, like most of the other former British colonies, Maryland was
saddled with debt. They had taken out loans from London banks to finance
railroads and canals, which they hoped would spur business and foster
When the new commerce failed to materialize, Maryland, like several
states, found herself in a financial pickle. Local hatred toward foreign
bankers caused state legislatures to threaten to renege on the loans,
and Peabody was selected to lead a commission to renegotiate the
Peabody successfully argued that only more loans would assure repayment
the old ones, and secured an additional $8 million for Maryland.
While in London, Peabody fell in love with the business and
lifestyles of the city's
bankers, and he decided to move there and form his own bank. In
1837, with a loan from Riggs,
he did just that, setting up Peabody, Riggs and Co. at the prestigious
address of 31
Moorgate in London. Now he was shoulder-to-shoulder with such banking
luminaries as the Baring
Brothers, who had financed the Louisiana Purchase, and the aforementioned
But it was an uphill battle for Peabody in this new enterprise. State
after state reneged on interest payments, and five American governors
formed a debtor's cartel leveraging for debt repudiations. Peabody's
partner, Riggs, wanted out of the arrangement, and Peabody was
forced to go it alone. Moreover, entry into the celebrated society
British bankers – already difficult for an American – became impossible
under the cloud of defaulted American loans.
Elisha Riggs who was partners with Peabody who started the JP Morgan
DISTRICT OF COLUMBIA - NEWSPAPERS - The Evening Star, August 24, 1881
The Evening Star
August 24, 1881
Death of George W. Riggs.
THE WELL-KNOWN BANKER EXPIRES ABOUT THREE O'CLOCK THIS MORNING.
Mr. George W. Riggs, the banker, died early this morning at his country
residence, Green Hill, Montgomery county, Md. The melancholy fact was
announced to the public this morning by crape on the door of the banking
house at the intersection of Pennsylvania and New York avenues. Mr. Riggs'
serious illness has been mentioned in THE STAR from time to time within
last two weeks. He began to complain of ill-health about three months
Prior to that his life, which had nearly filled out the three score years
and ten allotted to man, had been almost entirely free from serious illness.
During the present summer, though in falling health, he continued to
personally supervise his banking business, driving back and forth from
Hill every day. A little over a fortnight ago, however, he was attacked
with hemorrhages of the stomach, which confined him to his bed. By
careful attention he recovered from the first attack, but was left in
state of great physical exhaustion. Though he appeared to be rallying
gaining strength the physicians were apprehensive lest there should be
recurrence of the hemorrhages, which it was felt would inevitably prove
fatal in Mr. Riggs' weakened condition. The dreaded symptoms returned
yesterday. Last night, however, no great alarm was expressed concerning
condition. He appeared to be getting stronger until midnight
(my notes: sounds like someone kept poisoning him) . Then he
seized with hemorrhage and sank into a stupor from which he never rallied.
Death occurred about three o'clock this morning. Information of his death
was communicated to the officials at the bank early this morning in a
from Mr. Frank (Francis) Riggs, who was in attendance at his father's
favorable reports had been received from the patient during several days
past that the news was unexpected.
SKETCH OF HIS CAREER.
Peerless in the estimation of the community in which he lived, and with
world-wide reputation for commercial and private integrity, in connection
with the banking house of Corcoran Riggs, and subsequently as
the head of
the house of Riggs Co., both of which enjoyed the entire confidence
business community as far as business extended, his decease will be severely
felt and deeply mourned not only for his absence from the business world,
but for his unostentatious charity which he quietly dispensed with a
hand to the poor and needy.
He entered on his active business life with W. W. Corcoran, as Corcoran
Riggs, in 1836, on F street, in Washington, and they conducted a
business from the commencement. In 1840 they enlarged their operations
purchasing the property now occupied by Riggs Co., formerly the old bank
of the United States. The firm rendered essential aid to the government
its war with Mexico, in 1846, by taking the entire loan of 1847,
$14,000,000, out of which, by the confidence thus inspired, they made
large profit, out bidding, by their usual far sightedness, the brokers
York and elsewhere.
When the loan of 1848, $14,000,000 more, was put on the market, Corcoran
Riggs, to the surprise and chagrin of the New York money men, obtained
whole, but on the 1st July of that year the subject of this notice retired
from the firm to private life, and Mr. Corcoran associated with him Elisha
Riggs, Mr. G. W. Riggs' half brother, himself recently deceased, so the
great firm of Corcoran Riggs continued until 1st April, 1854, when both
Mr. Corcoran and Elisha Riggs retired, and Mr. Geo. W. Riggs, the subject
this notice, returned to business as the head of the present firm of
Co., that today stands high in the estimation of the business world as
house at home or abroad.
Mr. Riggs was remarkable for strength of mind and for his power to grasp
and fathom any subject presented to him. Mild and retiring in disposition,
yet his hand was ever open to the calls of worthy necessity, and in all
transactions his judgment prompt, and his conclusions just,-the very
honor and of every honorable impulse being quickened, strengthened, and
refined by a liberal education, and the enlightened influences with which
was surrounded. He was born in Georgetown, in the house now owned
occupied by Dr. Grafton Tyler, July 4, 1813, and the community will cherish
his memory as of one whose faithfulness in all the relations of life
entitled him to the affectionate consideration of those among whom he
born and reared, and in whose midst he passed away.
Elisha Riggs, father of Mr. G. W. Riggs, was born in Montgomery
Md., and for many years was engaged in the wholesale dry goods business
Mr. George Peabody, who afterwards became famous as a philanthropist.
firm name was Riggs Peabody, and they occupied a store corner
Washington and Bridge streets. The firm afterwards sold out to Mr. Darius
Clagett, the father of Mr. Wm. B. Clagett. Messrs. Riggs Peabody then
went into business in Baltimore, and subsequently Mr. Riggs went
York. Mr. Geo. W. Riggs in early life was engaged in mercantile
with his father, and received a training which proved of great value
Notwithstanding the fact that he devoted himself with an energy rarely
equaled to his banking business, he still took an active part in many
movements and private business enterprises. For many years he held a
in the board of aldermen of the old corporation of Washington. Since
abolition of the elective franchise in the District he has been prominent
the various movements which ultimately resulted in placing the District
good financial footing with the general government. As chairman of the
Committee of One Hundred, he was entitled to much of the credit of securing
the "fifty per cent" contribution of the federal government towards the
expenses of the District, and of securing the credit of the District
having the general government assume the responsibility of District bonds.
He was one of the most active men in the Washington and Georgetown Railroad
company: was one of the founders of the National Union Insurance company,
and a trustee of the Corcoran Art Gallery.
MR. RIGGS' ESTATE
has been variously estimated. Recently it was published that he was worth
$4,000,000. A member of the banking firm told a STAR reporter that he
not believe Mr. Riggs himself could have told how much wealth he possessed
without sitting down and calculating the amount. "I do not believe he
gave a thought to it," continued the same gentleman.
He leaves three daughters and two sons to mourn their loss. His eldest
daughter, Madame Geoffroy, died in February last. All of his surviving
children are here except Mrs. Henry Howard, who is aboard with her husband.
THE BANKING HOUSE.
The death of Mr. Riggs will cause no interruption in the business of
bank. The firm as now composed consists of Messrs. John Elliott, Charles
Glover, Thomas Hyde and E. Francis
Riggs, the latter being the son of Mr.
Geo. W. Riggs. Mr. Elliott has charge of the branch house in New York.
HE BECOMES A CATHOLIC.
Mr. Riggs, it is stated, was in early life connected with
Episcopal church, but his life was closed within the pale of the Catholic
church, to which the members of his family belong. During his final illness
Rev. Father Lynch was in attendance upon him and administered the final
rites of the Catholic church. The funeral will be held under Catholic
Mr. R. F. Harvey, the undertaker, to-day went to Green Hill to make
arrangements for the funeral. It has been decided to have the funeral
place Saturday morning from St. Aloysius church.
E. Francis Riggs Assassination
T. Lawrason Rigg's brother Elisha Francis Riggs was
Puerto Rico by Nationalists.
Rosado and Elias
Beauchamp assassinated Colonel Riggs. They were arrested, and summarily
executed without a trial at the police headquarters in San Juan.
Pedro Albizu Campos proclaimed them heroes. ~Additional INFO
Elias Beauchamp, assassin of Police Colonel Elisha Riggs.
You will notice that there are two different stories regarding his death
|Senator Millard Tydings
Two Nationalists recently assassinated Colonel Elisha Francis Riggs,
chief of the insular police and personal friend of
Last week six Puerto Rican policemen and officers were
indicted for the murder of the two Riggs murderers,
who were mysteriously shot down in the police station when they tried
to seize arms after their arrest.
which is a typical CIA confusion tactic.
| Colonel Francis E. Riggs
Puerto Rico Police Department
End of Watch: Sunday, February 23, 1936
Tour of Duty:Not available
Badge Number:Not available
Cause of Death: Gunfire
Date of Incident: Sunday, February 23, 1936
Weapon Used: Gun; Unknown type
Suspect Info: Shot and Killed
Colonel Riggs was shot and killed by a Puerto Rican nationalist following
pursuit of suspect he had observed shooting at another police officer
San Juan. Colonel Riggs pursued the suspect and was able to take him
custody. As he did so a second suspect approached and shot Colonel Riggs
in the head, killing him.
Both suspects were apprehended and taken to the police headquarters,
they were both killed in a reported escape attempt.
Colonel Riggs was a U.S. Army veteran who had been appointed to the Puerto
Rico Police Department.
|Posted Monday, Mar. 23, 1936 in TIME Magazine:
"Pedro Albizu Campos said himself that Col. E. Francis Riggs, chief of
insular police, was a most dangerous representative of U. S. imperialism because he was one of the most popular U. S. officials ever stationed
As Colonel Riggs, who never went armed, was driving home
mass one Sunday morning last month, a murderous young Nationalist killed
him with three well-aimed shots.
Public grief at his assassination knew
Yale Obituary (Interesting info) Shows he was a member of the Secret Society, Scroll and Key as his brother T Lawrason Riggs was. And that he was a very highly decorated military personel and worked in the intelligence field which is probably what he was really doing in Peurto rico when he was assassinated.
"The wedding ceremony was performed by Rev. T. Lawrason Riggs, Scroll & Key 1910, whose father, Elisha F. Riggs, was president of Riggs & Co. (later the Riggs National Bank). He was on the executive committee of the National Conference of Christians and Jews 1928-1943. His grandfather, George Washington Riggs, was in the Yale class of 1833. (Bulletin of Yale University. Obituary Record of Graduates of Yale University Deceased during the Year 1942-1943, pp. 110-111.) His brother, Elisha Francis Riggs Jr., S&K 1909, was military attache at the American Embassy in Petrograd, Russia from 1916-1918, then in the office of the Military Intelligence Department in Washington."
addition info on a Lawrason Riggs III and other Riggs family members.
Mr. Cameron was awarded the Saunders Medal for "distinguished administration
finding and development of new mines and for inspiring leadership in
"Mr. Cameron succeeded Mr. Fletcher as Chairman of the Board of Trustees
on May 8,1967 at
which time Mr. Lawrason Riggs III became the sixth President of the St.
Mr. Riggs attended St. Paul's and Harvard, graduating in mining engineering
Harvard in 1936. He received his Mastersdegree from Columbia University.Mr.
started his career with St. Joe as a summer employee in 1936 at Balmat,
began regular employment at the BonneTerre mine October 3, 1939 as an
He was called to active duty in the Navy in January, 1941 and served
of 1948 as which time he was released from active duty after attaining
the rank of
Commander. Upon his return to the Lead Belt he assumed hisduties as Mechanical
at the Bonne Terre Shops. He served as Mine Engineer, Mine Captain, Asst.
Superintendent, MineSuperintendent, Business Repr. and Division Superintendent
prior to being transferred toNew Brunswick in 1954. He was transferred
New York office in 1958 and Asst. Vice President and in 1960 became Vice
President incharge of coordinating the Company's domestic mining and
Thomas J. Riggs
December 17 —
Lieutenant Colonel Thomas Riggs, 81stEngineer Combat Battalion, received
orders from the l06th InfantryDivision to establish a line east of St.
Vith and hold off the Germans. He rounded up all available men of the
81st and 168th Engineer CombatBattalions and managed to hold off the
Germans until 21 December whenthey broke up into small groups and attempted
to make their way back toSt. Vith. Colonel Riggs was captured, but he
escaped in Poland andfought with the Russians until he returned to his
unit in April 1945.
Alice Lawrason Riggs (Mrs. Elisha Riggs), . Cephas Thompson
painted this portrait of a fashionable American woman around 1815.
The sitter, the wife of a prominent Baltimore merchant (Elisha Riggs),
wears a high-waisted Empire-style gown. THE MARYLAND HISTORICAL SOCIETY,
Might not be of relation:
MRS. ANNA RANKIN RIGGS. (below)