New York Bankers, Banks & Trusts: John Munroe & Company

Classified Advertisement, New York Evening Post

JOHN MUNROE & CO.

OCT

8

1899

*

Dave Thompson scan

JOHN MUNROE & CO.

MAR

29

1901

*

Langlois scan

Tim Kohler scan.  This document first appeared on this site on November 20, 2010, in a Frank Sente post, "Maurice Grau Heads for Paris."

John Munroe & Company was a banking house with offices in New York and Paris.  It seems that the firm was a prodigious receiver and forwarder of mail from the United States and to and from its office in Paris.  You can find one such cover at the Philamercury site here. Many of the Munroe covers are highly collectable.  The following two covers have been for sale at recent auctions:

Matthew Bennett Auction

Spink Shreves Auction

New York Bankers, Banks & Trusts: New York Security and Trust Company

1901 Poor's Manual advertisement

While I have not checked all the names listed above for this company's Board of Trustees, I can identify   James J. Hill of St. Paul, Minnesota, President of the Great Northern Railway.

N. Y. SECURITY & TRUST CO.

DEC

27

1900

Dave Thompson scan

Cancel for January 11: Jacob Hoffmann

Jacob Hoffman signed check

JacHoff

January 11/1900

manuscript cancel by Jacob Hoffmann

In a previous post, you can view a June 29, 1898 Jacob Hoffmann bill of lading.  Jacob Hoffmann ran a brewery in New York.

New York Bankers, Banks & Trusts: New York Produce Exchange Bank

The New York Produce Exchange in 1897

N. Y. PRODUCE

JAN  6  1899

EXCHANGE BANK

From King's Views of The New York Stock Exchange, 1897:

New York has six will-established exchanges, including the Stock Exchange, all occupying buildings owned or constructed for their special uses.  Their operations are on similar lines, and many firms hold memberships in two or more of them, this being especially true of the Stock, Cotton, and Produce Exchanges...

The Produce Exchange, housed in one of the finest structures of its kind, is also in point of member one of the largest exchanges in the world.  Incorporated in 1868, it did not occupy until 1884 its present building [pictured above] which cost altogether $3,178,645...There are 3,000 members.  Membership has varied in price from $5,000 to $150, and costs today about $250.

New York Bankers, Banks & Trusts: New York Central Trust Company

NEW YORK CENTRAL TRUST CO.

APR

24

1899

R155s with Check Value Die Cuts

$25, $3, and $5 check value die cuts on copies of R155

A collector and reader in Israel sent in this scan of several R155s with apparent cut cancels.  These die cut dollar value "cancels" were almost certainly made by a machine that punched a check with corresponding dollar value of the check; presumably this process was done to prevent check washing.

Bob H., am I right about the use of punching the value into the check?

New York Bankers, Banks & Trusts: J. P. Morgan & Company

1901 Poor's Manual, Advertisement for J. P. Morgan & Company

New York Bankers, Banks & Trusts: United States Mortgage & Trust Company

New York Daily Tribune

January 1, 1903

United States

FEB  23  1900

Mortgage & Trust Co.

New York Bankers, Banks & Trusts: The Mercantile Trust Company

THE MERCANTILE TRUST CO.

APR

3

1901

New York Bankers, Banks & Trusts: Lazard Freres

L. F.

SEP  24  '01

N. Y.

Langlois scans

inverted L. F. perfin

George Blumenthal

Head of the US branch of Lazard Freres; partner in French branch during the 1898 tax period.  Blumenthal was an uncle to Katherine Graham.  Graham was the publisher of the Washington Post through the 1960s and 70s.

New York Bankers, Banks & Trusts: J. & W. Seligman & Company

J. & W. SELIGMAN & CO.

1899

Joseph Seligman

New York Bankers, Banks & Trusts: Goldman Sachs

GOLDMAN, SACHS & COMPANY

Langlois scans

Marcus Goldman, c. 1900

1821 - 1904

Founder of Goldman Sachs.

New York Bankers, Banks & Trusts: Bank of New York

The Bank of New York, National Banking Association

1900

BANK OF NEW YORK,

MAR

7

1902

N. B. A.

Langlois scans

Happy New Year 2012!

FREIGHT OFFICE

L. S. & M. S. Ry

JAN  1  1900

SO. CHICAGO

ILLS.

*****

Happy New Year!    2012 will continue with our ongoing series on New York and other stock brokers, but will begin with a series on New York and other bankers, banks, and trusts.  Somewhere down the line I will revisit documentary printed cancels.  I can't say much more about what 2012 holds for the site; planning isn't really my strength as a blog publisher.  However, I've got lots of proprietary printeds to rollout, and a discussion to start on the Joyce/Buford lists of proprietary printed cancels.

A new addition for 2012 is this feature page on stock broker cancels. At this page, you can find a list of links to posts on stock brokers and their cancels, compiled in alphabetical order.  I will endeavour to keep this list up-to-date on a bi-weekly basis.  Nearly 70 brokers are listed on this links page as of today.

Thanks to all the regulars and occasional visitors to this site.  I wish you all the best for the New Year.

New York Stock Brokers: Dominick & Dominick

Home page from Dominick & Dominick's 2011 website.

January 1904 Dominick & Dominick column advertisement

Dominick & Dominick

FEB    4    1902

New York.

Langlois scan

These photos of the partners in the Dominick & Dominick firm were taken in 1897 for the book King's Views of the New York Stock Exchange when the firm was still named Dominick & Dickerman.  Before the end of the 1898 tax period, Watson Dickerman departed the firm, with the consequent rename of the firm to Dominick & Dominick. 

Dominick & Dominick still exists today as an independent financial services firm specializing in wealth management, institutional trading, investment banking, and risk management.

Bayard Jr.'s future was bright. This photo is c. 1897; he would become the senior partner in the firm. From the D&D website:

Bayard Dominick Jr. succeeded his father to become the senior partner and the firm entered the investment banking business.  In 1919 D&D headed a syndicate which underwrote $50 million General Motors 6% Preferred Stock -- the largest industrial company underwriting of its kind up to that point. 

New York Stock Brokers: Dominick & Dickerman

January 7, 1898 Column advertisement for Dominick & Dickerman

Dominick & Dickerman's Watson Dickerman was a President of the New York Stock Exchange in the early 1890s, and was a named partner of this firm at the beginning of 1898.  Over the course of the 1898 tax period, however, Mr. Dickerman would leave the partnership with the sprawling Dominick family, and the firm's name would change to Dominick & Dominick.  Dominick & Dominick still exists today.  Tomorrow this site will highlight a cancel from the Dominick only franchise.

From the Dominick & Dominick website:

When Dominick & Dickerman was founded in 1870, Ulysees S. Grant was in The White House.  The country was engaged in post Civil War construction.  The vast areas west of the Mississippi River were largely wilderness.   William Gayer Dominick & Watson Bradley Dickerman met on the floor of the New York Stock Exchange and in 1870 formed the partnership of Dominick & Dickerman.

DOMINICK & DICKERMAN,

JAN

6

1899

NEW YORK.

Bayard Dominick, brother of Marinus Dominick and father of Bayard Dominick, Jr.