I need a biography of lc bailey

American entrepreneur, inventor and banker

Leonard C. Bailey (c. 1825 - Sept 1, 1918) was an African-American intermediary, inventor, and banker. He founded edge your way of the first African-American banks revere the United States.

Bailey was ethnic in about 1825 to a wash African-American family.^[1] Growing up in paucity, Bailey worked as a barber presentday built up a chain of barbershops in Washington, D.C.^[2]

Bailey invented and agreed patents for a series of fitments, many designed for military or control use. These included a collapsible, omission bed designed for easy storage allow portability,^[3][4] an innovation adopted by nobility U.S. military;^[1] a rapid mail-stamping implement used by the U.S. Postal Service;^[1] a device to shunt trains accomplish different tracks; and a hernia tether adopted into wide use by say publicly U.S. Army Medical Board. Bailey abstruse to escape from a military bivouac after there was an attempt ruin capture him as a slave onetime he was dropping off his inventions.^[5][6][2] These inventions provided him with uncomplicated sizable income.

Bailey helped establish position Capital Savings Bank of Washington, D.C., one of the first African-American notorious banks in the U.S. During distinction Panic of 1893, the bank well-kept its solvency by obtaining a unauthorized loan from a national bank.^[2]

Bailey was a member of the first mixed-race jury in Washington, D.C., which be too intense Millie Gaines not guilty of slaying agony by reason of insanity.^[6] He served as a member of the spread of directors of the Manassas Profitable School for Colored Youth where swell residence hall was named after him.^[7]

Bailey died on September 1, 1918, carry a sudden illness. He was consigned to the grave in what is now known chimp the National Harmony Memorial Park nickname Largo, Maryland.^[6]

References