Identifier: wallstreetguide00jlmc (find matches)
Title: Wall Street guide /
Year: 1902 (1900s)
Authors: J.L. McLean & Co.
Subjects: Stock exchanges
Publisher: New York: J.L. McLean
Contributing Library: Columbia University Libraries
Digitizing Sponsor: The Durst Organization

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inaugurated as the first President of theUnited States, in 1789. In the early days of theFederal Government, New York began its career as agreat seaport and business city of the country, andall the principal banks were located on Wall Street,several of them still retaining their identical sites,which they have occupied for a century or more, likethe Bank of New York, which is one of the threefirst banks founded in the United States, havingbeen organized in 1784. Alexander Hamilton was its Broadway to the East River, and, only for its pre-vious and historical greatness, would almost be for-gotten, as the bulk of the financial business hasnow drifted to other near-by localities. Trinity Church, the richest religious organizationin America, if not in the world, stands directly at thehead of Wall Street, its magnificent spire rising on theopposite side of Broadway, and must impress a visitorwho may have seen the mass of humanity daily, onthe floors of the various exchanges, shouting like
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FEDERAL HALL, BROAD STREET, WHEN WASHINGTON WAS INAUGURATED PRESIDENT. founder, and its original constitution is in his hand-writing. True, a great deal of the financial business has, inrecent years, drifted to Broadway, New Street, andBroad Street, the latter getting the lions share.This, however, was due solely to the fact of WallStreet being too small to accommodate the naturalgrowth of this business as a result of modern finan-ciering; even the two leading stock exchanges of thecountry, the Produce Exchange and the Cotton Ex-change, being located on other streets. All of thespeculative business is, however, by general usage,credited to or known as Wall Street operations. WallStreet in itself is a little narrow lane, extending from demons for Mammon, with the difference betweenthe live twentieth century financier and the sleepingdead on the other side of the street. It is a contrastbetween the sublime and the ridiculous. In thischurchyard sleeps the body of Alexander Hamilton,now g

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