Broad Street (Manhattan)
Native name | Heere Gracht (Dutch) |
---|---|
Part of | Financial District of Lower Manhattan |
Coordinates | 40°42′18″N 74°00′42″W / 40.7050°N 74.0116°W |
Construction | |
Completion | 1676 |
Broad Street is a north–south street in the Financial District of Lower Manhattan in New York City. Originally the Broad Canal in New Amsterdam, it stretches from today's South Street to Wall Street.
The canal drew its water from the
History
1600s: New Amsterdam canal
Broad Street, formerly called Heere Gracht in old New Amsterdam. Originally an inlet from the East River, the canal was flanked by two solid ranks of three-story houses, with paths in front.[1] Built during the administration of Peter Stuyvesant, the Broad Canal was the original Manhattan landing of the first ferry between Manhattan and Brooklyn, later the Fulton Ferry.[5]
The
The canal was filled in 1676 because fruit and vegetable vendors, including Native Americans who came by canoe from Long Island, left the area littered, and fewer and fewer water craft were small enough to use the canal.[2] The paths in front of the rows of houses by the canal were paved in 1676 as well.[1] The road was first paved in 1693.[citation needed] The street saw a lot of change as the centuries progressed from Dutch to British rule and finally independent America. Among the tenants of Broad Street in the 18th century was bookseller Garrat Noel.[10]
1700s: Taverns and halls
The city's first firehouse for the New York City Fire Department was built in 1736 in front of NYSE on Broad Street. Two years later, on December 16, 1737, the colony's General Assembly created the Volunteer Fire Department of the City of New York.[11]
The Broad Street building for the
After a rebuilt in 1752 that added a meeting hall on the upper story, the Royal Exchange building was the location of the Chamber of Commerce in the City of New York (later
1800s: Birth of the financial district
The 1835
A
The
1900–1921: Curb market boom
The Broad Exchange Building at 25 Broad Street was built in 1900 to provide office space for financial companies including Paine Webber.[31] At the time of its completion it was the largest office building in Manhattan.[32] In 1903, NYSE moved into new quarters at 18 Broad Street, between the corners of Wall Street and Exchange Place.[33]
In the mining boom of 1905 and 1906, the Curb market on Broad Street attracted some negative publicity for the "wholesale use of the Curb for swindling".[34] As of 1907, the curb brokers intentionally avoided organizing.[23] The curb brokers had been kicked out of the Mills Building front by 1907, and had moved to the pavement outside the Blair Building where cabbies lined up. There they were given a "little domain of asphalt" fenced off by the police on Broad Street between Exchange Place and Beaver Street, after Police Commissioner McAddo took office.[23] As of 1907, the curb market operated starting at 10'clock in the morning, each day except on Sundays, until a gong at 3 o'clock. Orders for the purchase and sale of securities were shouted down from the windows of nearby brokerages, with the execution of the sale then shouted back up to the brokerage.[23] The noise caused by the curb market led to a number of attempts to shut it down.[35] In August 1907, for example, a Wall Street lawyer sent an open letter to the newspapers and the police commissioner, begging for the New York Curb Market on Broad Street to be immediately abolished as a public nuisance. He argued the curb exchange served "no legitimate or beneficial purpose" and was a "gambling institution, pure and simple". He further cited laws relating to street use, arguing blocking the thoroughfare was illegal. The New York Times, reporting on the open letter, wrote that brokers informed of the letter "were not inclined to worry". The article described "their present ground on the broad asphalt in front of 40 Broad Street, south of the Exchange Place, is the first haven of which they have had anything like indisputed possession."[23]
In 1908, the
In 1920, journalist Edwin C. Hill wrote that the curb exchange on lower Broad Street was a "roaring, swirling whirlpool" that "tears control of a gold-mine from an unlucky operator, then pauses to auction a puppy-dog. It is like nothing else under the astonishing sky that is its only roof." After a group of curb brokers formed a real estate company to design a building,
1922–present
When the high-profile New York firm Edward M. Fuller & Company went bankrupt in 1922, it had offices at 50 Broad Street.[44] Next to the New York Stock Exchange,[45] in 1929, a new 50-story Continental Bank Building was announced at 30 Broad Street (location of the former 15-story Johnston Building) to house the Continental Bank and Trust Company and various brokers.[45][46] The building opened for occupancy on April 27, 1932.[47]
The now-famous sculpture Charging Bull was installed[48] on December 15, 1989 beneath a 60-foot (18 m) Christmas tree in the middle of Broad Street in front of the New York Stock Exchange as a Christmas gift to New Yorkers.[49] After NYSE officials called police,[49] it was later reinstalled two blocks south of the Exchange, in Bowling Green.[50]
In 2011, the New York City Opera moved its offices to 75 Broad Street in Lower Manhattan.[51][52] Some re-shooting for the film Money Monster took place in mid-January 2016 in New York City on William Street and Broad Street.[53] On December 10, 2018 was installed in front of the NYSE building the sculpture Fearless Girl.[54]
Description
North of Wall Street, Broad Street continues onto
Other buildings of note are the Broad Exchange Building at number 25, the Continental Bank Building at number 30, the Lee, Higginson & Company Bank Building at number 37, and the American Bank Note Company Building at number 70.
Notable buildings
From north to south, notable buildings include:
- 23 Wall Street
- 15 Broad Street
- New York Stock Exchange Building at 18 Broad Street
- Broad Exchange Building at 25 Broad Street
- Continental Bank Building at 30 Broad Street
- Lee, Higginson & Company Bank Building at 37 Broad Street
- 45 Broad Street - proposed skyscraper
- American Bank Note Company Building at 70 Broad Street
- Millennium High School at 75 Broad Street
- Fraunces Tavern
- 1 New York Plaza
- 2 New York Plaza
Notable former buildings have included:
- Mortimer Building
- Mills Building
- Royal Exchange
Transportation
The
See also
- Marketfield Street
- William Street (Manhattan)
- List of early skyscrapers
- History of transportation in New York City
- Hard Hat Riot
- Peter Stuyvesant
References
- ^ ISBN 978-1-58157-566-8.
- ^ ISBN 978-0-8232-1275-0.
- ^ a b "Old buildings of New York City: With some notes regarding their origin and occupants". New York: Brentano's. 1907. Retrieved September 23, 2009.
- ^ ISBN 0-9650308-0-6
- ^ Nathaniel Scudder Prime, A History of Long Island: from its first settlement by Europeas, to the year 1845
- ^ "Lovelace's Tavern: Early New York History, Under Foot". The Bowery Boys: New York History. Retrieved 15 September 2014.
- ISBN 978-0-7619-8909-7.
- ^ "Forgotten Tour 17, Lower Manhattan". Forgotten New York. July 2004. Retrieved 15 September 2014.
- ISBN 978-1-4165-9393-5.
- ^ New York Mercury, November 13, 1752
- ^ "Heroes of Ground Zero. FDNY A History". Public Broadcasting Service. Archived from the original on May 3, 2015. Retrieved December 11, 2015.
- ^ Rines, George Edwin, ed. (1920). Encyclopedia Americana. .
- ^ "Southern District of New York 225th Anniversary". history.nysd.uscourts.gov. Retrieved 13 April 2018.
- ^ Asbury Dickens, A Synoptical Index to the Laws and Treaties of the United States of America (1852), p. 386.
- ^ U.S. District Courts of New York, Legislative history, Federal Judicial Center. Accessed November 10, 2022.
- ^ Terry Golway, So Others Might Live: A History of New York's Bravest, Basic Books, 2002, pp. 80-84.
- ^ "The Great Fire -- Additional Particulars". New York Daily Tribune. July 22, 1845. page 2.
- ^ The Draft Riot In New York City 1863 Part III: The New York Draft Riot. From the History Box website.
- ^ a b Metropolitan Police: Their Services During Riot Week. Their Honorable Record. By David M. Barnes.
- ^ Foner, E. (1988). Reconstruction America's unfinished revolution, 1863-1877. The New American Nation series, p. 32, New York: Harper & Row
- ISBN 1-56025-275-8
- ISBN 9781893122659. Retrieved 13 April 2018 – via Google Books.
- ^ a b c d e f g h "Asks Bingham to Oust Curb Brokers; Lawyer Allen Says Open-Air Exchange Is a Public Nuisance and Therefore Illegal. He Cites Many Decisions And Will Press His Contention -- Brokers Forced to Move Many Times Owing to Complaints". The New York Times. New York City, New York. August 17, 1907.
- ^ a b E. Wright, Robert (January 8, 2013). "The NYSE's Long History of Mergers and Rivalries". Bloomberg. Retrieved April 10, 2017.
- ^ a b "The New Stock Exchange". The New York Times. February 22, 1877. Retrieved April 10, 2017.
- ^ "The Ketchum Forgery; Additional Particulars Yesterday's Developments". The New York Times. August 18, 1865. Retrieved April 21, 2017.
- ^ a b "The Mills Building", The New York Times, February 3, 1882, pg. 8.
- ^ "34-Story, $12,000,000 Structure to Replace Mills Building, First Wall Street Skyscraper", The New York Times, January 16, 1925, pg. 1.
- OCLC 9946323.
- ^ Edmonston, Peter (April 28, 2006). "Where Wall Street Meets to Eat, the Last Lunch". The New York Times. Retrieved January 29, 2009.
- ^ SWIG realty summary of building Archived October 5, 2008, at the Wayback Machine
- ^ "in the Real Estate Field; Four Per Cent. Loan of $3,450,000 on Broad-Exchange Building -- Sale of 115th Street Properties -- Dealings by Brokers and at Auction". The New York Times. 31 August 1909. Retrieved 13 April 2018.
- ^ "National Historic Landmarks Survey, New York" (PDF). National Park Service. Archived from the original (PDF) on 20 June 2007.
- ^ ""Curb" Wars on Swindlers; Ready to Investigate Any Stock Brokers of Whom the Public Complains". The New York Times. New York City, New York. November 11, 1909. Retrieved April 21, 2017.
- ^ a b When Stocks Came in From the Cold (September 30, 2010). "Christopher Gray". The New York Times. New York City, New York.
- ^ http://abcnewspapers.com/index.php?option=com_content&task=view&id=11281[permanent dead link] New York Curb Market Association
- ^ "Mendels at the White Inquiry; Hughes Investigators Take Up Conditions in the Curb Market". The New York Times. New York City, New York. February 27, 1909. p. 13. Retrieved April 21, 2017.
- ^ "Father of the Curb Dead; Emanuel S. Mendels, Jr., Elevated Trade and Routed Dishonest Brokers". The New York Times. New York City, New York. October 18, 1911. p. 11. Retrieved April 21, 2017.
- ^ Burrows & Wallace, pp.45, 133
- ISBN 978-0-470-28963-1., p.15
- ^ "23 Wall Street". Time. (September 24, 1923). accessed 15 March 2010.
- ISBN 9780123918802.
- from the original on February 21, 2020. Retrieved February 21, 2020.
- ^ "E.M. Fuller & Co. Fail". The New York Times. New York City, New York. June 28, 1922. Retrieved April 18, 2017.
- ^ a b "City Investing Co. Buys Skyscraper in Broad St". The New York Times. May 20, 1943.
- ^ "Old Realty Records on Broad Street; Continental Bank Site Once Owned by Dutch Church – Almshouse There in 1659". The New York Times. October 25, 1931.
- ^ "Cushman & Wakefield, Inc.". International Directory of Company Histories. 2007.
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ignored (help) - ^ D. McFadden, Robert (1989-12-16). "SoHo Gift to Wall St.: A 3½-Ton Bronze Bull". The New York Times. Retrieved 2007-10-01.
- ^ ISSN 0362-4331. Retrieved 2017-04-13.
- ISSN 0362-4331. Retrieved 2017-04-13.
- ^ Wakin, Daniel J. (May 23, 2011). "City Opera Departure Brings Questions". The New York Times.
- ^ Wakin, Daniel J. (December 6, 2011). "City Opera Leaving Lincoln Center". The New York Times.
- ^ "'Money Monster' reshoots happening in NYC this week". On Location Vacations. January 19, 2016. Archived from the original on July 31, 2017. Retrieved January 26, 2016.
- ^ Li, Yun (December 10, 2018). "'Fearless Girl' unveiled in front of NYSE, moved away from 'Charging Bull'". CNBC. Retrieved May 10, 2019.
- ^ "Subway Map" (PDF). Metropolitan Transportation Authority. September 2021. Retrieved September 17, 2021.