Canada -- Description and travel; United States -- Description and travel
Chambers Street bounds the City Hall Park on the north, and upon it
faces the Court-house, a massive Corinthian building of white marble,
finished in 1867, famous as the structure which the "Tweed Ring" of
that time used to extract about $15,000,000 from the city treasury on
fraudulent bills, or more than five times the actual cost of the work.
It stands on part of the site of an old fort, which in the Revolution
was the British outpost commanding the approach to the city by the
Northern or Bloomingdale Road, now Broadway. The City Hall, to the
southward, is a less pretentious and much older building, constructed
in the Italian style, of white marble with freestone at the back to
the northward, it being supposed at the time of its completion, 1812,
that "no one of importance would ever live to the north of the
building," then a broad expanse of farms. Here is the office of the
Mayor and the meeting-place of the Board of Aldermen, and its chief
apartment is the "Governor's Room," adorned with portraits of various
Governors of New York and Revolutionary patriots, and having among its
treasures Washington's desk and chair which he used when first
President of the United States, and also the chairs of the First
Congress. To the southwest of the City Hall a fine statue of Nathan
Hale, an early victim of the Revolution, executed by the British in
New York in 1776, faces Broadway.
Near Chambers Street and the northern end of the Park a noted building
stands on the opposite side of Broadway, a modest brownstone structure
without any pretension nor of much height, but containing a famous
bank, whose phenomenal success is everywhere known. This is the
Chemical Bank, originally started as a chemical manufacturing company
with banking privileges. The chemistry seems to have been a failure
and soon abandoned, but the banking talents were so well developed
that the shares of $100 par value have sold for over forty times that
sum. The capital is only $300,000, but it has amassed a surplus over
twenty times the amount, and is the strongest bank in New York. Among
the large shareholders are said to be three New York ladies who
married foreign titles--the Dowager Duchess of Marlborough (who was
Miss Pine, afterwards Mrs. Hamersley, and now Lady Beresford), the
Duchess de Dino (Miss Sampson), and the Comtesse de Trobriand (Miss
Jones). It is here that the noted Mrs. Hetty Green generally conducts
her financing, a lady of immense fortune and peculiar ideas, who has
been one of the greatest money accumulators of New York. Across
Chambers Street, and occupying an entire block, is the building that
originally was "Stewart's Store," where the late Alexander T. Stewart
made most of his success in the dry-goods trade, now converted into a
vast office building for all kinds of business. This was the outpost
of the "Dry Goods District," for Broadway northward for several
blocks, including a wide belt of adjacent streets, now deals with all
Public-domain text, read in full here on John Shaqi.
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