Identifier: oldbuildingsnewy00newy (find matches)
Title: Old buildings of New York City, with some notes regarding their origin and occupants
Year: 1907 (1900s)
Authors:
Subjects: Historic buildings -- New York (State) New York
Publisher: New York : Brentano's
Contributing Library: University of California Libraries
Digitizing Sponsor: MSN

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Sub-Treasury and Assay Office V^ -HE Sub-Treasury is built on the site of the orig-f ^ inal City Hall. In 1789 this was altered and^^^ repaired for tlie use of the first Congress andnamed the Federal Hall. The balcony of the Hall wasthe scene of Washingtons inauguration as President,in commemoration of which the statue was erected. In 1834 the building was demolished and the pres-ent structure erected for the Custom House and wasused as such until 1862. The Assay Office is the oldest building in WallStreet, having been built in 1823, for the Xew Yorkbranch of the Bank of the United States. It becamethe Assay Office in 1853. 27
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Bank of New York ^^^;:^IIE oldest bank in the country is the Bank of€ J Xorth America in Philadelphia, incorporated^^^ by act of Congress, December, 1781, and bythe State of Pennsylvania a few months afterwards.Very great losses had occurred from the repudiationof the Continental bills of credit. All the States hadissued bills of their own and kept on making experi-ments in finance which did not depend on specie as abasis. Currency was expressed in pounds, shillings,and pence and the currency in circulation was a motleyconglomeration of guineas, doubloons, pistoles, Johan-nes pieces, moidores, and sequins. Thus arose the ne-cessity of a bank that should both assist the Governmentand benefit the people at large. On February 26, 1784, a meeting of the principalmerchants and citizens was held at the INIerchants CoffeeHouse. General Alexander JNIcDougal was chosenchairman, and it was unanimously decided to establisha bank. Subscription books were opened at the officesof John Alsop, Broa

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