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This book, first published in 1989, is a valuable addition to the literature on the study of American business history. Most previous historians, however, have studied the management of business in a vacuum, separating the internal affairs of particular companies from the social and political environments in which corporations existed. From 1799 to 1842 the Manhattan Company had three distinct divisions: a water works, a main bank in New York City, and bank branches in upstate New York. To successfully manage this complicated and decentralised business, the Manhattan Company’s directors had to be particularly sensitive the social and political environments. This book traces the history of banking in New York, an examination of the nature and significance of the Company’s charter, and a detailed analysis of the Company’s three divisions.
Discover the remarkable tale of the Bank of the Manhattan Company in this engaging pamphlet that unveils its intriguing history. Delve into the origins of this progressive commercial bank, established with the noble goal of providing clean water to Lower Manhattan. Witness the transformation of the company from a water supplier to a thriving financial institution, backed by notable figures and influential stockholders. Uncover the fascinating details of its early operations, from its modest beginnings on Wall Street to its eventual dominance in the banking world.