Evening Republican, Volume 22, Number 218, Rensselaer, Jasper County, 9 September 1919 — New York's First Bank. [ARTICLE]

New York's First Bank.

Thp first hank in New York cltT. ln_ point of age. is the Bank of New York lif Wall street, which was organized 135 years ago. A number of prominent merchants and citizens met at the Merchants’ coffee house and elected officers of the financial institution. Alexander Hamilton was The real founder of the Bank of New York, but Gen. Alexander McDougall was chosen as its first president, Hamilton drew up the constitution of the bank, which had its first -headquarters in the Walton mansion. 1 ' Both Hamilton and Aaron Burr were stockholders, and the former was a director for years. -For many years after Its organization the Bank of New York, with the Bank of North America in Philadelphia and the Bank of Massachusetts in Boston, held the entire banking capltal of the United States. The Bank of New York has occupied its present site since 1798.