The Gallatin Bank Building was constructed in 1887 on a plot at 34 Wall Street (Manhattan). It was enlarged from an original plot bought at 36 Wall Street when the bank was organized in 1829. The purchase price was $12,000. Originally called The Bank of New York, the name was later changed to Gallatin because of its association with the family of Albert Gallatin. John Jacob Astor was one of the bank's organizers and he was instrumental in persuading financier, Albert Gallatin, to become its first president.
Read more about Gallatin Bank Building: History of The Edifice
Famous quotes containing the words bank and/or building:
“I have passed down the river before sunrise on a summer morning, between fields of lilies still shut in sleep; and when, at length, the flakes of sunlight from over the bank fell on the surface of the water, whole fields of white blossoms seemed to flash open before me, as I floated along, like the unfolding of a banner, so sensible is this flower to the influence of the sun’s rays.”
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