Governor Daniel Webster.
The Bank of the Northern Confederation was a central bank established by Governor Daniel Webster and the Liberal Party majority of the Northern Confederation Council in 1823. The B.N.C. was designed to serve as a central bank for the N.C. on the model of the Bank of England. It would issue banknotes backed by the authority of the N.C. government and serve as a lender of last resort for the government, thereby guaranteeing the government's credit. This allowed the B.N.C. to manipulate the confederation's currency, usually to the benefit of the wealthy business owners who backed the Liberals.
After the Conservative Party won control of the N.C. Council in 1825, they were able to put their own men in control of the B.N.C. Their manipulation of the banking system was a major cause of the economic recession that struck the N.C. in 1829.
The Bank of the Northern Confederation does not have an entry in Sobel's index.