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 know a bank where the wild thyme blows,
Where oxlips and the nodding violet grows,
Quite overcanopied with luscious woodbine,
With sweet musk-roses, and with eglantine:
There sleeps Titania sometime of the night,
Lulled in these flowers with dances and delight.”
—William Shakespeare (1564–1616)
“No: until I want the protection of Massachusetts to be extended to me in some distant Southern port, where my liberty is endangered, or until I am bent solely on building up an estate at home by peaceful enterprise, I can afford to refuse allegiance to Massachusetts, and her right to my property and life. It costs me less in every sense to incur the penalty of disobedience to the State than it would to obey. I should feel as if I were worth less in that case.”
—Henry David Thoreau (1817–1862)