New York in New York County, New York — The American Northeast (Mid-Atlantic)
J.P. Morgan Building
—23 Wall Street, Trowbridge & Livingston, Architects, 1913 —
At the corner of Wall and Broad streets, the financial crossroads of the world, sits the House of Morgan. J. Pierpont Morgan, Sr., the capitalist’s capitalist – known throughout the world of finance, sought out by presidents and potentates – helped bankroll the industrialization of America. His influence was such that, during the financial Panic of 1907, he orchestrated everything from the rescue of trust companies to the bailout of the New York Stock Exchange.
In 1913, the year Morgan died (to be succeeded by his son, J.P. Morgan, Jr.), the company built a new bank on the corner it has occupied since 1873 – one of Wall Street’s most valuable sites. With skyscrapers rising on all sides, and land values skyrocketing, the House of Morgan displayed its fabulous wealth by building its new headquarters no taller than the old – just four stories, though with foundations strong enough to support a forty-story tower is needed some day.
Luxurious but unmarked, like a prestigious private club, the Morgan building was nevertheless so well known that when, in 1920, a wagon exploded across the street killing 30 people, it was simply assumed – though never proven – that an anarchist bomb had been aimed at the bank. The pockmarks on the bank’s Wall Street façade have been left deliberately unrepaired,
Erected by The Alliance for Downtown New York, Inc.
Location. 40° 42.427′ N, 74° 0.64′ W. Marker is in New York, New York, in New York County. Marker is at the intersection of Wall Street and Broad Street, on the right when traveling east on Wall Street. Touch for map. Marker is located on the southeast corner of Wall Street and Broad Street. Marker is in this post office area: New York NY 10005, United States of America.
Other nearby markers. At least 8 other markers are within walking distance of this marker. City Hall to U.S.Capitol / Money Men / Nassau Changes Scale (here, next to this marker); J. P. Morgan (here, next to this marker); Ohio Company of Associates (a few steps from this marker); Wall Street Palisade (a few steps from this marker); 1 Wall Street / 14 Wall Street (a few steps from this marker); On this site in Federal Hall (a few steps from this marker); Let Freedom Ring (within shouting distance of this marker); Federal Hall National Memorial (within shouting distance of this marker). Touch for a list and map of all markers in New York.
More about this marker. The upper right of the marker contains a Portrait of J.P. Morgan. Below this is a “Stock Certificate from the U.S. Street Corporation. In 1901,
Related markers. Click here for a list of markers that are related to this marker. Take a tour of the markers in lower Manhattan erected by the Alliance for Downtown New York, Inc.
Categories. • Industry & Commerce •
Credits. This page was last revised on June 16, 2016. This page originally submitted on November 10, 2009, by Bill Coughlin of North Arlington, New Jersey. This page has been viewed 828 times since then and 22 times this year. Photos: 1, 2. submitted on November 10, 2009, by Bill Coughlin of North Arlington, New Jersey. 3. submitted on December 4, 2009, by Bill Coughlin of North Arlington, New Jersey. 4. submitted on November 10, 2009, by Bill Coughlin of North Arlington, New Jersey.