Bank of the Manhattan Company

Cover Bank of the Manhattan Company
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" The committee reported on June 3, 1799, in favor of opening an office ofdiscount and deposit, and a house was bought on the site of the presentNo. 40 Wall Street, in which, on September 1, 1799, the "Bank" of theManhattan Company began business.
The following is one of the earliest advertisements, reproduced from theMercantile Advertiser, October 9, 1799: MANHATTAN COMPANY.
    The Office of Discount and Deposit will open for the transaction of business, for the present, at 10 o'clock in the
...forenoon, and continue open until 3 o'clock in the afternoon, when the business of the day will be closed.
    HENRY REMSEN, Cashier.
    September 24.
[Illustration: WALL STREET IN 1803Present No. 40 Wall Street] The first action of the Directors after the opening of the Bank was: RESOLVED, That this Board will hereafter meet twice a week, to wit, on Mondays and Thursdays of each week, at 11 o'clock.
The policy of semi-weekly meetings still prevails in the ManhattanCompany, and its Board of twelve Directors keeps in close touch with allits affairs.


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