Forty Wall Street

Forty Wall Street

New York City, USA

The tower above you with the green pyramid on top went up in eleven months in nineteen twenty-nine, and for about four weeks it was the tallest building in the world.

The tower above you with the green pyramid on top went up in eleven months in nineteen twenty-nine, and for about four weeks it was the tallest building in the world. It lost the title to the Chrysler Building, whose architect — a former partner of this one's — had a hundred-and-eighty-five-foot steel spire hidden inside his own fire shaft, waiting.

It was built as the headquarters of the Bank of the Manhattan Company. That bank is where the story is.

Yellow fever hit New York over and over through the seventeen nineties. The worst outbreak killed about two thousand people in a city of sixty thousand. Everyone knew it had something to do with the water, which was foul — the city drank out of a pond that tanneries and slaughterhouses emptied into.

So in seventeen ninety-nine, Aaron Burr proposed a private company to bring clean water into the city. It was a good idea and a badly needed one, and Hamilton did not just nod at it from a distance. He sat on the city committee that recomme

nded the plan, and he went up to Albany to help push the charter through the legislature. This is the part people forget: before any of the rest of it, Hamilton and Burr were partners.

Then Burr added a clause near the end of the charter, in the language of a lawyer who doesn't want to be interrupted. Any money left over, it said, could be used in other monied transactions not inconsistent with t

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Quick Facts

  • Aaron Burr's Manhattan Company was chartered in 1799 to supply clean water but contained a clause allowing it to open a bank. It is now JPMorgan Chase.
  • The Manhattan Company delivered water through hollowed-out wooden logs; sections are still dug up during construction in Lower Manhattan.
  • Hamilton and Burr jointly defended Levi Weeks in 1800 in the first American criminal trial to be fully transcribed. The jury acquitted in about five minutes.
  • The pistols used in the Burr–Hamilton duel are owned today by JPMorgan Chase, the corporate successor to Aaron Burr's Manhattan Company.
  • 40 Wall Street was the tallest building in the world for roughly four weeks before the Chrysler Building's hidden spire was hoisted into place.
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