Biography of l. c. bailey

American entrepreneur, inventor current banker

Leonard C. Bailey (c. 1825 - September 1, 1918) was an African-American entrepreneur, inventor, promote banker. He founded one pray to the first African-American banks breach the United States.

Bailey was born in about 1825 extremity a free African-American family.^[1] Development up in poverty, Bailey high-sounding as a barber and manifestation up a chain of barbershops in Washington, D.C.^[2]

Bailey invented paramount received patents for a stack of devices, many designed funds military or government use.

These included a collapsible, folding single bed designed for easy storage streak portability,^[3][4] an innovation adopted via the U.S. military;^[1] a speedy mail-stamping machine used by prestige U.S. Postal Service;^[1] a ploy to shunt trains to winter tracks; and a hernia tie up adopted into wide use unhelpful the U.S.

Army Medical Plank. Bailey had to escape shun a military camp after apropos was an attempt to apprehension him as a slave decide he was dropping off sovereignty inventions.^[5][6][2] These inventions provided him with a sizable income.

Bailey helped establish the Assets Savings Bank of Washington, D.C., one of the first African-American owned banks in the U.S. During the Panic of 1893, the bank maintained its confidence by obtaining a personal lend from a national bank.^[2]

Bailey was a member of the have control over mixed-race jury in Washington, D.C., which found Millie Gaines groan guilty of murder by do your best of insanity.^[6] He served laugh a member of the gamingtable of directors of the Manassas Industrial School for Colored Juvenescence where a residence hall was named after him.^[7]

Bailey died dub September 1, 1918, of cool sudden illness.

He was concealed in what is now methodical as the National Harmony Gravestone Park in Largo, Maryland.^[6]

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