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J. Edward Simmons
Joseph Edward Simmons (September 9, 1841 – August 5, 1910) was an American lawyer and banker who served as president of the New York Stock Exchange, the New York Clearing House and of the New York Chamber of Commerce. Early life Simmons was born at Troy in Rensselaer County, New York, on September 9, 1841. He was the eldest son of Mary Sophia ( née Gleason) Simmons (1819–1872), a native of New Hampshire, and Joseph Ferris Simmons (1818–1879), a prosperous merchant. His siblings were Dr. Charles Ezra Simmons and Emma Kate Simmons (the wife of Charles Ranlett Flint, the founder of the Computing-Tabulating-Recording Company which later became IBM). His paternal grandparents were Patience (née Safford) Simmons and Christian John Simmons, who was born at Rensselaerswyck. His maternal grandfather, Captain Samuel Gleason, was a veteran of the War of 1812 and his great-grandfather, also named Samuel Gleason, was a veteran of the Revolutionary War. He was first educated at Tro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of The New York Stock Exchange
This is a list of presidents of the New York Stock Exchange. References {{reflist, 30em External linksPresidents and Chairmen of the New York Stock Exchange(PDF) 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 c ... New York Stock Exchange History of stock exchanges in the United States Presidents of the New York Stock Exchange ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Revolutionary War
The American Revolutionary War (April 19, 1775 – September 3, 1783), also known as the Revolutionary War or American War of Independence, was a major war of the American Revolution. Widely considered as the war that secured the independence of the United States, fighting began on April 19, 1775, followed by the Lee Resolution on July 2, 1776, and the Declaration of Independence on July 4, 1776. The American Patriots were supported by the Kingdom of France and, to a lesser extent, the Dutch Republic and the Spanish Empire, in a conflict taking place in North America, the Caribbean, and the Atlantic Ocean. Established by royal charter in the 17th and 18th centuries, the American colonies were largely autonomous in domestic affairs and commercially prosperous, trading with Britain and its Caribbean colonies, as well as other European powers via their Caribbean entrepôts. After British victory over the French in the Seven Years' War in 1763, tensions between the motherland and he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City Board Of Education
The Panel for Educational Policy of the Department of Education of the City School District of the City of New York, abbreviated as the Panel for Educational Policy and also known as the New York City Board of Education, is the governing body of the New York City Department of Education. The members of the board are appointed by the mayor and by the five borough presidents. History Independent Board (1842–2002) The New York State legislature established the New York City Board of Education in 1842. Mayoral Control (2002–present) On June 30, 2002, Mayor Bloomberg secured authority over the schools from the New York State legislature, which began the era of "mayoral control" over the city schools. The New York Supreme Court elaborates: On June 30, 2009, the New York State Senate declined to renew the mayor's full authority over the school system. In particular, State Senate Democratic leader John Sampson, of Brooklyn, opposed the extension of mayoral control. The a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chase National Bank
JPMorgan Chase Bank, N.A., Trade name, doing business as Chase Bank or often as Chase, is an American national bank headquartered in New York City, that constitutes the retail banking, consumer and commercial bank, commercial banking subsidiary of the U.S. Multinational corporation, multinational banking and financial services holding company, JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Manhattan Company in 1955. The bank merged with Bank One Corporation in 2004 and in 2008 acquired the deposits and most assets of Washington Mutual. Chase offers more than 5,100 branches and 17,000 Automated teller machine, ATMs nationwide. JPMorgan Chase & Co. has 250,355 employees (as of 2016) and operates in more than 100 countries. JPMorgan Chase & Co. had assets of $3.31 trillion in 2022, which makes it the List of largest banks in the United States ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panama Railroad Company
The Panama Canal Railway ( es, Ferrocarril de Panamá) is a railway line linking the Atlantic Ocean to the Pacific Ocean in Central America. The route stretches across the Isthmus of Panama from Colón (Atlantic) to Balboa (Pacific, near Panama City). Because of the difficult physical conditions of the route and state of technology, the construction was renowned as an international engineering achievement, one that cost US$8 million and the lives of an estimated 5,000 to 10,000 workers. Opened in 1855, the railway preceded the Panama Canal by half a century; the railway was vital in assisting the construction of the canal in the early 1900s. With the opening of the canal, the railroad's route was changed as a result of the creation of Gatun Lake, which flooded part of the original route. Following World War II, the railroad's importance declined and much of it fell into a state of neglect until 1998, when a project to rebuild the railroad to haul intermodal traffic began; t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fourth National Bank Of New York
The Fourth National Bank of New York was an American bank based in New York City. History The Fourth National Bank of New York was organized in January 1864. At the time of its organization, many, including Secretary of the Treasury Salmon P. Chase, thought that "a bank of large capital should be organized under such favorable auspices as would result in demonstrating the utility of the National Banking System, and would induce banks existing under the State system to take out charters under the National Banking Act." The Fourth National Bank was founded by many of New York's most eminent citizens, including Jay Cooke. The bank first opened its doors in the "old Government building" at 29 Pine Street. In 1866, however, the bank moved to a six-story white-marble building located at the northeast corner of Nassau and Pine Streets. In 1893, the capital stock of the bank was $3,200,000; a surplus of $1,350,000; it had net profits of $378,030; and average net deposits of $20,000, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ponzi Scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own. Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in Germany and by Sarah Howe in the United States in the 1880s through the "Ladies' Deposit". Howe offered a solely female clientele an 8% monthly interest rate and then stole the money that the women ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ferdinand Ward
Ferdinand De Wilton Ward, Jr. (1851–1925), known first as the "Young Napoleon of Finance," and subsequently as "the Best-Hated Man in the United States," was an American Charlatan, swindler. The collapse of his Ponzi scheme caused the financial ruin of many people, including famous persons such as Thomas Nast and the former U.S. President Ulysses S. Grant, who had joined his son, Ulysses S. Grant Jr., Ulysses S. "Buck" Grant. Jr., as a partner in Ward's banking business. Heavy losses were incurred by many other members of the extended Grant family. Background Ward was born in Geneseo, New York, to Jane Ward and Reverend Ferdinand De Wilton Ward, who had been missionaries in India. He had a younger brother. In 1873, Ward moved to New York City, and was a clerk at the New York Produce Exchange, Produce Exchange. Soon after his move, he stole money from a Sunday School and laundered it through a bank, substantially improving his situation. After marrying an heiress, Ella Champion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ulysses S
Ulysses is one form of the Roman name for Odysseus, a hero in ancient Greek literature. Ulysses may also refer to: People * Ulysses (given name), including a list of people with this name Places in the United States * Ulysses, Kansas * Ulysses, Kentucky * Ulysses, Nebraska * Ulysses Township, Butler County, Nebraska * Ulysses, New York *Ulysses, Pennsylvania * Ulysses Township, Potter County, Pennsylvania Arts and entertainment Literature * "Ulysses" (poem), by Alfred Lord Tennyson * ''Ulysses'' (play), a 1705 play by Nicholas Rowe * ''Ulysses'', a 1902 play by Stephen Phillips * ''Ulysses'' (novel), by James Joyce * ''HMS Ulysses'' (novel), by Alistair Maclean * Ulysses (comics), two members of a fictional group in the Marvel Comics universe * Ulysses Klaue, a character in Marvel comic books * Ulysses: Jeanne d'Arc and the Alchemist Knight, a light novel Film and television * ''Ulysses'' (1954 film), starring Kirk Douglas based on the story of Homer's ''Odysse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fisk & Hatch
Fisk & Hatch was an American finance and insurance company formed in 1862. They had offices at 5 Nassau St in New York City. During the Civil War the firm floated many millions of dollars' worth of government bonds, reviving the public credit and confidence beyond all anticipation, and aiding greatly in placing the national finances upon a firm foundation. History Harvey Fisk and Alfrederick Smith Hatch formed Fisk & Hatch on March 1, 1862, after several years in the financial industry. Acting as special agents of Jay Cooke & Co., Mr. Fisk's firm obtained within one month's time nearly $170,000,000 for the U.S. Government. In 1865-68 Mr. Fisk's firm successfully negotiated $27,855,000 worth of government subsidy bonds issued in aid of the Union Pacific and Central Pacific railroads, and placed $53,000,000 worth of bonds issued by the Central Pacific company itself. Fisk & Hatch became famous for their handling of Government bonds. They were also connected with the Chesapeake & Oh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street
Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for the financial markets of the United States as a whole, the American financial services industry, New York–based financial interests, or the Financial District itself. Anchored by Wall Street, New York has been described as the world's principal financial center. Wall Street was originally known in Dutch as "de Waalstraat" when it was part of New Amsterdam in the 17th century, though the origins of the name vary. An actual wall existed on the street from 1685 to 1699. During the 17th century, Wall Street was a slave trading marketplace and a securities trading site, and from the early eighteenth century (1703) the location of Federal Hall, New York's first city hall. In the early 19th century, both residences and businesses occupied the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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