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Lawsuits over the bank persisted for years, even after Deacon Adams's death, and the younger Samuel Adams would often have to defend the family estate from seizure by the government.
Samuel Adams was born in Boston in the British colony of Massachusetts on September 16, 1722, an Old Style date that is sometimes converted to the New Style date of September 27.
Adams was one of twelve children born to Samuel Adams, Sr., and Mary (Fifield) Adams; in an age of high infant mortality, only three of these children would live past their third birthday.
Adams's lack of business instincts were confirmed: he loaned half of this money to a friend, which was never repaid, and frittered away the other half.
Adams would always remain, in the words of historian Pauline Maier, "a man utterly uninterested in either making or possessing money". During the crisis with Great Britain, mass meetings that were too large for Faneuil Hall were held here.
He worked at Thomas Cushing's counting house, but the job only lasted a few months because Cushing felt that Adams was too preoccupied with politics to become a good merchant.
Adams's father then loaned him £1,000 to go into business for himself, a substantial amount for that time.
Continued resistance to British policy resulted in the 1773 Boston Tea Party and the coming of the American Revolution.
After Parliament passed the Coercive Acts in 1774, Adams attended the Continental Congress in Philadelphia, which was convened to coordinate a colonial response.
A graduate of Harvard College, he was an unsuccessful businessman and tax collector before concentrating on politics.
As an influential official of the Massachusetts House of Representatives and the Boston Town Meeting in the 1760s, Adams was a part of a movement opposed to the British Parliament's efforts to tax the British American colonies without their consent.