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Bank Of United States
The Bank of United States, founded by Joseph S. Marcus in 1913 at 77 Delancey Street in New York City, was a New York City bank that failed in 1931. The bank run on its Bronx branch is said to have started the collapse of banking during the Great Depression. Formation The Bank of United States was chartered on June 23, 1913 with a capital of $100,000 and a surplus of $50,000. The bank was founded by Joseph S. Marcus, a former president of the Public Bank, also of Delancey Street. Marcus, who was responsible for the building up of Public Bank, started the new bank, with the backing of several well-known financiers, because of a disagreement with other members of the management. Though the directors of Public Bank objected to the choice of name, arguing that "ignorant foreigners would believe that the United States government was interested in this bank and that it was a branch of the United States Treasury in Washington", the name was approved and the bank came into being. The use ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of The United States Failure NYWTS
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern Boulevard (Bronx)
Southern Boulevard is a street in the Bronx, New York City, United States. It stretches from Bruckner Boulevard in Mott Haven to Mosholu Parkway in Bedford Park. From 1981 until 2011, the portion north of Fordham Road, adjacent to the New York Botanical Garden, was also named Dr. Theodore L. Kazimiroff Boulevard. In 2011, the name of Kazimiroff, a Bronx historian and a founder of The Bronx County Historical Society, was changed to an honorary designation for this portion of Southern Boulevard after the New York City Department of Transportation, having been lobbied by Fordham University, decided that the designation was little known and confusing to those unfamiliar with the area. The trains run directly above Southern Boulevard from Simpson Street to 174th Street. The trains also run under Southern Boulevard from East 143rd Street to Hunts Point Avenue. The Bx9 and Bx19 also serve Southern Boulevard, with the Bx19 serving Southern Boulevard between East 149th Street and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of The United States
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hebrew Publishing Company
Hebrew Publishing Company is an American Jewish publishing house based in New York City. The company publishes a range of Hebrew prayerbooks and other religious works, as well as many Yiddish publications. The company was founded in the early 1900s in the Lower East Side of New York, and later was situated at the former Bank of United States building for over forty years. The company is described as having the greatest staying power of any Yiddish publisher. Overview The predecessor to the Hebrew Publishing Company was originally formed in 1883 as Rosenbaum & Werbelowsky, Inc. The current company was founded in 1901 by Joseph Werbelowsky and his son David Werbelowsky. The company also operated a bookstore. While originally founded in the Lower East Side of New York, for a time located on Broadway, after the collapse of the Bank of United States in 1932, the bank building at 77 Delancey Street was taken over by the Hebrew Publishing Company.Sanders, R. (2013). "Delancy, Grand & ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Short Seller
In finance, being short in an asset means investing in such a way that the investor will profit if the value of the asset falls. This is the opposite of a more conventional "long" position, where the investor will profit if the value of the asset rises. There are a number of ways of achieving a short position. The most fundamental method is "physical" selling short or short-selling, which involves borrowing assets (often securities such as shares or bonds) and selling them. The investor will later purchase the same number of the same type of securities in order to return them to the lender. If the price has fallen in the meantime, the investor will have made a profit equal to the difference. Conversely, if the price has risen then the investor will bear a loss. The short seller must usually pay a fee to borrow the securities (charged at a particular rate over time, similar to an interest payment), and reimburse the lender for any cash returns such as dividends that were due ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national republics; in practice, both its government and its economy were highly centralized until its final years. It was a one-party state governed by the Communist Party of the Soviet Union, with the city of Moscow serving as its capital as well as that of its largest and most populous republic: the Russian SFSR. Other major cities included Leningrad (Russian SFSR), Kiev (Ukrainian SSR), Minsk ( Byelorussian SSR), Tashkent (Uzbek SSR), Alma-Ata (Kazakh SSR), and Novosibirsk (Russian SFSR). It was the largest country in the world, covering over and spanning eleven time zones. The country's roots lay in the October Revolution of 1917, when the Bolsheviks, under the leadership of Vladimir Lenin, overthrew the Russian Provisional Government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Communist Party Of America
The Communist Party USA, officially the Communist Party of the United States of America (CPUSA), is a communist party in the United States which was established in 1919 after a split in the Socialist Party of America following the Russian Revolution. The history of the CPUSA is closely related to the history of the American labor movement and the history of communist parties worldwide. Initially operating underground due to the Palmer Raids which started during the First Red Scare, the party was influential in American politics in the first half of the 20th century and it also played a prominent role in the history of the labor movement from the 1920s through the 1940s, becoming known for opposing racism and racial segregation after sponsoring the defense for the Scottsboro Boys in 1931. Its membership increased during the Great Depression, and it also played a key role in the founding of the Congress of Industrial Organizations. The CPUSA subsequently declined due to e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Knickerbocker Trust Company
The Knickerbocker Trust was a bank based in New York City that was, at one time, among the largest banks in the United States. It was a central player in the Panic of 1907. History The bank was chartered in 1884 by Frederick G. Eldridge, a friend and classmate of financier J.P. Morgan. As a trust company, its main business was serving as trustee for individuals, corporations and estates. Eldridge was the founding president serving until his death in 1889. Eldridge was succeeded John P. Townsend, who served as president for five years until he resigned to become president of the Bowery Savings Bank. After Townsend's resignation, Robert Maclay was unanimously chosen to be the new president, with Charles Tracy Barney as vice president. When Maclay retired in 1897, Barney was elected president. Panic of 1907 In 1907, its funds were being used by then-president Charles T. Barney in a plan to drive up the cost of copper by cornering the market. This gamble came undone due to the du ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jimmy Walker
James John Walker (June 19, 1881November 18, 1946), known colloquially as Beau James, was mayor of New York City from 1926 to 1932. A flamboyant politician, he was a liberal Democrat and part of the powerful Tammany Hall machine. He was forced to resign during a corruption scandal. Early life and political career Walker was the son of Irish-born William H. Walker (1842–1916), a carpenter and lumberyard owner who was very active in local politics as a Democratic assemblyman and alderman from Greenwich Village, belying certain accounts of Walker's childhood that stated he grew up in poverty. Walker was not the best of students and dropped out of college before eventually graduating from New York Law School in 1904. Walker's father wanted him to become a lawyer and politician. Walker at first decided that he would rather write songs and be involved in the music industry. He wrote the lyrics for a 1906 hit, "Will You Love Me in December as You Do in May?" with songwriter Ernest Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mayor Of New York
The mayor of New York City, officially Mayor of the City of New York, is head of the executive branch of the government of New York City and the chief executive of New York City. The mayor's office administers all city services, public property, police and fire protection, most public agencies, and enforces all city and state laws within New York City. The budget, overseen by New York City Mayor's Office of Management and Budget, is the largest municipal budget in the United States, totaling $100.7 billion in fiscal year 2021. The City employs 325,000 people, spends about $21 billion to educate more than 1.1 million students (the largest public school system in the United States), and levies $27 billion in taxes. It receives $14 billion from the state and federal governments. The mayor's office is located in New York City Hall; it has jurisdiction over all five boroughs of New York City: Manhattan, Brooklyn, the Bronx, Staten Island and Queens. The mayor appoints numerous offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
District Attorney - New York County, New York
The New York County District Attorney, also known as the Manhattan District Attorney, is the elected district attorney for New York County (Manhattan), New York. The office is responsible for the prosecution of violations of New York state laws (federal law violations in Manhattan are prosecuted by the U.S. Attorney for the Southern District of New York). The current district attorney is Alvin Bragg. He was elected in 2021 to succeed Cyrus Vance Jr. District attorneys are legally permitted to delegate the prosecution of petty crimes or offenses. Prosecutors do not normally handle New York City Criminal Court summons court cases, and the Manhattan district attorney has a memorandum of understanding with the New York City Police Department allowing their legal bureau to selectively prosecute them. History In the legislative act of February 12, 1796, New York State was divided into seven districts, each with an Assistant Attorney General, except New York County where Attorney Gener ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Clearing House
The Clearing House is a banking association and payments company owned by the largest commercial banks in the United States. The Clearing House is the parent organization of The Clearing House Payments Company L.L.C., which owns and operates core payments system infrastructure in the United States, including ACH, wire payments, check image clearing, and real-time payments through the RTP network, a modern real-time payment system for the U.S. Supporting services include The Clearing House Payments Authority (a payments association with over 1,000 financial institution members and corporate subscribers) and ECCHO (an entity develops and maintains rules that govern private sector check image exchange for its members, and also engages in lobbying and education). Membership Members of The Clearing House include JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Bank of New York Mellon Corp., Deutsche Bank AG, U.S. Bancorp and Wells Fargo & Co.Bob Ivry"Fed Loses B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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