Bulls and Bears of New York

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Excerpt from Bulls and Bears of New York: With the Crisis of 1873, and the CauseOne hundred and eighty-five years ago the short, narrow, and un attractive looking thoroughfare, known as Wall Street, was laid out, when Dongan was Governor of His Majesty's Colonies. It sprang at once into importance, as the centre of authority, fashion, and finance. From that time, it has held its repute in the financial, political, and social affairs of the metropolis. I have chosen to consider it as the great centre from which radiate all the in¿uences that affect society in New York. Here the Government of the United States was founded, and Washington held his first court. The early churches were grouped within its in¿uence. The eminent men of the nation here resided and administered law and justice. Wall Street, today, is the most potent thoroughfare on this continent. Its daily transactions are telegraphed to every city in the Union, from the sea-board of the Atlantic to the shores of the Pacific - to the most northern city of civilization, amid the Arctic snows, down to the warm waters of the Equator, across the Atlantic, and to the capital of every commercial city-ih the world. Wall Street is a type of our nationality. Its Operators are men of every clime, of every nation, of every tongue, and of every religion. It is the Cloth of Gold, on which hostile sects, and nations antagonistic, meet in peace. The history of Wall Street is the history of our national, political, and social organization.To write the first chapter of this book, I had to consult over one hundred volumes, in the great libraries of the city, for a compact, continuous history of Wall Street to the present time, elsewhere than now in this book, does not exist. Bankers, men who buy and sell on the street, and many who have had a name among brokers for half a century, have aided me in this work. Diaries, private memoranda.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.