Gustavus Sidenberg
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Gustavus Sidenberg
Gustavus Sidenberg (22 May 1843 – 22 January 1915) was a Jewish-American manufacturer and financier best known for building New York City's Hotel Theresa, which has become a New York City landmark on the National Register of Historic Places. Life Sidenberg was born in Trachenberg, near Breslau, in Silesia, which was then part of the kingdom of Prussia. He was the first son of Wilhelm Sidenberg (16 April 1782 – 15 May 1817) and Henriette Bruck Sidenberg (16 September 1815 – 18 May 1896). On 14 September 1854, he arrived in New York City on the ship ''Elizabeth'' with his mother, three younger brothers, a sister, and perhaps other relatives; his father seems to have traveled to the United States separately. The family first went to New Bedford, Massachusetts, and then moved to Missouri where Wilhelm worked as a peddler. With the outbreak of the American Civil War, the Sidenberg family moved to New York City. By 1863, Sidenberg was in business with his father as G. Sidenberg an ...
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Linen
Linen () is a textile made from the fibers of the flax plant. Linen is very strong, absorbent, and dries faster than cotton. Because of these properties, linen is comfortable to wear in hot weather and is valued for use in garments. It also has other distinctive characteristics, notably its tendency to wrinkle. Linen textiles appear to be some of the oldest in the world; their history goes back many thousands of years. Dyed flax fibers found in a cave in Southeastern Europe (present-day Georgia) suggest the use of woven linen fabrics from wild flax may date back over 30,000 years. Linen was used in ancient civilizations including Mesopotamia and ancient Egypt, and linen is mentioned in the Bible. In the 18th century and beyond, the linen industry was important in the economies of several countries in Europe as well as the American colonies. Textiles in a linen weave texture, even when made of cotton, hemp, or other non-flax fibers, are also loosely referred to as "linen". ...
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Architect
An architect is a person who plans, designs and oversees the construction of buildings. To practice architecture means to provide services in connection with the design of buildings and the space within the site surrounding the buildings that have human occupancy or use as their principal purpose. Etymologically, the term architect derives from the Latin ''architectus'', which derives from the Greek (''arkhi-'', chief + ''tekton'', builder), i.e., chief builder. The professional requirements for architects vary from place to place. An architect's decisions affect public safety, and thus the architect must undergo specialized training consisting of advanced education and a ''practicum'' (or internship) for practical experience to earn a Occupational licensing, license to practice architecture. Practical, technical, and academic requirements for becoming an architect vary by jurisdiction, though the formal study of architecture in academic institutions has played a pivotal role in ...
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Yacht
A yacht is a sailing or power vessel used for pleasure, cruising, or racing. There is no standard definition, though the term generally applies to vessels with a cabin intended for overnight use. To be termed a , as opposed to a , such a pleasure vessel is likely to be at least in length and may have been judged to have good aesthetic qualities. The Commercial Yacht Code classifies yachts and over as . Such yachts typically require a hired crew and have higher construction standards. Further classifications for large yachts are: —carrying no more than 12 passengers, —solely for the pleasure of the owner and guests, or by flag, the country under which it is registered. A superyacht (sometimes ) generally refers to any yacht (sail or power) longer than . Racing yachts are designed to emphasize performance over comfort. Charter yachts are run as a business for profit. As of 2020 there were more than 15,000 yachts of sufficient size to require a professional crew. Etymology ...
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Steam Power
A steam engine is a heat engine that performs mechanical work using steam as its working fluid. The steam engine uses the force produced by steam pressure to push a piston back and forth inside a cylinder. This pushing force can be transformed, by a connecting rod and crank, into rotational force for work. The term "steam engine" is generally applied only to reciprocating engines as just described, not to the steam turbine. Steam engines are external combustion engines, where the working fluid is separated from the combustion products. The ideal thermodynamic cycle used to analyze this process is called the Rankine cycle. In general usage, the term ''steam engine'' can refer to either complete steam plants (including boilers etc.), such as railway steam locomotives and portable engines, or may refer to the piston or turbine machinery alone, as in the beam engine and stationary steam engine. Although steam-driven devices were known as early as the aeolipile in the first ...
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Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ...
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Brokers
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal. Definition A broker is an independent party whose services are used extensively in some industries. A broker's prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller. An example would be a real estate or stock broker who facilitates the sale of a property. Brokers can furnish market research and market data. Brokers may represent either the seller or the buyer but generally not both at the same time. Brokers are expected to have the tools and resources to reach the largest possible base of buyers and sellers. They then screen these potential buyers or sellers for the perfe ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ...
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Vendor (supply Chain)
In a supply chain, a vendor, supplier, provider or a seller, is an enterprise that contributes goods or services. Generally, a supply chain vendor manufactures inventory/stock items and sells them to the next link in the chain. Today, these terms refer to a supplier of any goods or service. Description A vendor is a supply chain management term that means anyone can sell at events and provides goods or services of experience to another entity. Vendors may sell B2B ( business-to-business; i.e., to other companies), B2C (business to consumers or Direct-to-consumer), or B2G (business to government). Some vendors manufacture inventoriable items and then sell those items to customers, while other vendors offer services or experiences. The term vendor and the term supplier are often used indifferently. The difference is that the vendors ''sells'' the goods or services while the supplier ''provides'' the goods or services. In most of business context, except retail, this difference h ...
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Importation
An import is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions. History Definition Imports consist of transactions in goods and services to a resident of a jurisdiction (such as a nation) from non-residents. The exact definition of imports in national accounts includes and excludes specific "borderline" cases. Importation is the action of buying or acquiring products or services from another country or another market other than own. Imports are important for the economy because they allow a country to supply nonexistent, scarce ...
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Manhattan Island
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state of New York. Located near the southern tip of New York State, Manhattan is based in the Eastern Time Zone and constitutes both the geographical and demographic center of the Northeast megalopolis and the urban core of the New York metropolitan area, the largest metropolitan area in the world by urban landmass. Over 58 million people live within 250 miles of Manhattan, which serves as New York City’s economic and administrative center, cultural identifier, and the city’s historical birthplace. Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, is considered a safe haven for global real estate investors, and hosts the United Nations headquarters. New York City is the headquarters of t ...
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Sleeve
A sleeve ( ang, slīef, a word allied to ''slip'', cf. Dutch ) is the part of a garment that covers the arm, or through which the arm passes or slips. The sleeve is a characteristic of fashion seen in almost every country and time period, across a myriad of styles of dress. Styles vary from close-fitting to the arm, to relatively unfitted and wide sleeves, some with extremely wide cuffs. Long, hanging sleeves have been used variously as a type of pocket, from which the phrase "to have up one's sleeve" (to have something concealed ready to produce) comes. There are many other proverbial and metaphorical expressions associated with the sleeve, such as "to wear one's heart upon one's sleeve", and "to laugh in one's sleeve". Early Western medieval sleeves were cut straight, and underarm triangle-shaped gussets were used to provide ease of movement. In the 14th century, the rounded sleeve cap was invented, allowing a more fitted sleeve to be inserted, with ease around the sleeve he ...
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