Jay Cooke

Barney into the firm. Notorious for stalling the deposit of bond proceeds into federal coffers he was accused of corruption and on December 22 1862 Representative Charles A. After the national banks saw disappointing sales of "seven-thirty" notes the government again turned to Cooke.

Jay Cooke (August 10 1821 – February 16 1905) was an American financier who helped finance the Union war effort during the American Civil War and the postwar development of railroads in the northwestern United States.