The ABC of Wall Street

The ABC of Wall Street

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ...usual period of their natural appearance in the market. "The condition of exchange between the gold-using countries and those maintaining a silver or a depreciated paper standard are much more involved, depending, as they do, upon the price of gold in the units of the respective countries." CHAPTER XXIII. THE SUB-TREASURY AND ITS WORK. The Sub-Treasury. of the United States occupies a building fronting on Wall Street and extending north along Nassau to Pine Street. It is one of Wall Street's notable buildings. Standing on a pedestal in front of the entrance is the Ward bronze statue of Washington. The first public use of the SubTreasury site was in the young days of the city, when a city hall was built thereon. Subsequently it was known as Federal Hall, and the first Congress met there, when it was the scene of Washington, s first inauguration. In 1834 the Government tore down the old structure and erected in its place the present building, which was used as the Custom House from 1841 to 1862, when the Sub-Treasury took possession. The Sub-Treasury system--for that of New York is one of several in the leading cities of the country--was established by an act of Congress in 1846. The New York ofiice was first located in the assay ofiice, which now occupies the building adjoining the Sub-Treasury. The Sub-Treasury is in charge of the Assistant Treasurer of the United States and a staff of able assistants. In the volume and importance of its dealings the New York Sub-Treasury occupies a very prominent place, and considerably more than one-half of the money dealings of the United States Government with the public are conducted through it. It receives all the money paid into the New York Custom House, in addition to large amounts...
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Product details

  • Paperback | 52 pages
  • 189 x 246 x 3mm | 109g
  • United States
  • English
  • black & white illustrations
  • 1236966597
  • 9781236966599
  • 2,373,865