37 Wall Street
43 Exchange Place | also 37 Wall Street | Financial District | built 1904
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The city photographed every building for its tax records around 1940 and again in the 1980s. NYC Municipal Archives.
Written with AI from the source each entry cites, then fact-checked.
- 1906
Two earlier bank buildings on this site are demolished for the Trust Company of America's skyscraper
The New-York Tribune reported on May 20, 1906 that the Trust Company of America was tearing down the United States Bank Building, 25 years old, at 41-43 Wall Street and the Metropolitan Trust Company building at 37-39 Wall Street. The paper marveled that a 10-story structure was already being razed for something taller. Demolition alone was estimated to cost $12,000.
Source: Daytonian in Manhattan
- 1906
A burst steam main drops Wall Street by up to 11 feet and sends crowds fleeing the rising Trust Company building
Six months into construction, a 16-inch steam pipe broke under Wall Street, and about 75 feet of paved roadway sank between three and eleven feet. Businessmen ran, fearing the half-built tower would come down. A Foundation Company officer assured the public that the building's foundation was undamaged.
Source: Daytonian in Manhattan
- 1907
A run on the Trust Company of America, this tower's owner, is stopped after J. P. Morgan's overnight audit
As the Panic of 1907 spread, the company's president, Oakleigh Thorne, asked J. P. Morgan for help on October 22. An overnight audit found the bank sound, and on October 23 a run began. The bank survived that day, and that night Morgan kept the other trust company presidents in a meeting until they agreed to lend $8.25 million so it could stay open the next day.
“…they agreed to provide loans of $8.25 million to allow the Trust Company of America to stay open the next day…”
Source: Wikipedia
- 1907
Francis Kimball's marble-and-brick tower opens with entrances cut through to the neighboring Mills Building
Kimball designed a 25-story building with a marble base and red brick shaft above, and a two-story banking room with marble and bronze teller cages. As it rose, openings were cut at each floor into the L-shaped Mills Building at 15 Broad Street, giving that building's cramped tenants more space. The Trust Company of America took the first floor and basement.
Source: Daytonian in Manhattan
- 1921
Lawyers at 37 Wall Street fight a federal tax suit against John D. Rockefeller
The law firm Murray, Prentice & Aldrich, a long-term tenant, counted John D. Rockefeller among its best-known and wealthiest clients. In 1921 its attorneys appeared in Federal District Court to contest a government suit demanding $292,678.78 in unpaid income tax from Rockefeller, going back to 1915.
Source: Daytonian in Manhattan
Further reading
- Francis Kimball's 1907 -- 37 Wall Street Daytonian in Manhattan
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