Early American private banks were allowed to print paper money called bank .

American express has a long history of working for the good of all in its new york community. in 1885, it engaged its employees to raise money to build the pedestal of the statue of liberty, and today has a program to restore, preserve and revitalize historic sites in new york city. these actions by american express are partial fulfillment of the the firm has established for itself as a corporate citizen.