Wordsmith Talk |
About Us | What's New | Search | Site Map | Contact Us | |||
Register Log In Wordsmith.org Forums General Topics Miscellany Here's one for maverick
Previous Thread
Next Thread
Print Thread
the manhattan company was started by Alaxander. Hamilton, --ostensible to raise money to lay water pipes in manhattan--in the charter, there was a single paragraph about 'creating an institutions to help finance and manage the financing' of the water works.
the square block design/logo of the bank is based on the square cedar wood water pipes (they did actually lay a few pipes--which are still occationally found (intact, but not in use)in excavation!)-several NYC branches of the bank have peices of the cedar water pipes on display.
like many a NYC enterprise, the Manhattan company soon forgot about its mission to pipe fresh water into manhattan, and was busy fuctioning as a money making company.
i don't know when it merged with the chase bank to become chase manhattan, (soon after the civil war i think)
Chase Manhattan was the first bank to have a national charter. but then it always had good political connections.
Moderated by Jackie
Link Copied to Clipboard
Forum Statistics Forums16Topics13,913Posts229,361Members9,182 Most Online3,341
Dec 9th, 2011
Newest Members Ineffable, ddrinnan, TRIALNERRA, befuddledmind, KILL_YOUR_SUV
9,182 Registered Users
Who's Online Now 0 members (), 674 guests, and 1 robot. Key: Admin, Global Mod, Mod
Top Posters(30 Days) A C Bowden 21
Top Posters wwh 13,858Faldage 13,803Jackie 11,613wofahulicodoc 10,557tsuwm 10,542LukeJavan8 9,919Buffalo Shrdlu 7,210AnnaStrophic 6,511Wordwind 6,296of troy 5,400
Forum Rules · Mark All Read Contact Us · Forum Help · Wordsmith.org