Albionite Speculated Bank’s Wealth on Wall Street

Volume 2, Issue 45
One of the most infamous stories to occupy the annals of Orleans County history is that of Albion resident Albert S. Warner. Regarded as one of the most “flamboyant” citizens in the area, Warner was a prominent and respected member of local society who participated heavily in Democratic politics, serving as County Treasurer in 1869 and president of the Albion Board of Education in 1881.
In 1863, Roswell and Lorenzo Burrows reorganized the Bank of Albion into the First National Bank of Albion, placing Roswell at the helm of the institution as bank president. An extremely wealthy man, Burrows invested heavily in mid-west real estate, coal mining in Virginia, railroad bonds, stock in the Suspension Bridge Company at Niagara Falls, and countless other securities. One day, the young Albert Warner ventured into the bank in search of a job; Burrows took a liking to “Allie” and hired him immediately.… More