To reflect this, the company purchased the Broadway buildings and site. Kendall on the site of its former headquarters on Hudson Street.īy 1903, the company had assets of some $28 million, second only to the National City Bank of New York among financial institutions in the city. : 23 In 1890–91 the company constructed a new ten-story building by Edward H. American Express has long been out of this building, but it still bears a terracotta seal with the American Express Eagle. The designer is unknown, but it has a façade of brick arches that are reminiscent of pre-skyscraper New York. In 1880, American Express built a new warehouse behind the Broadway Building at 46 Trinity Place. The company prospered sufficiently that headquarters were moved in 1874 from the wholesale shipping district to the budding Financial District and into rented offices in two five-story brownstone commercial buildings at 63 and 65 Broadway that were owned by the Harmony family. A stable was constructed in 1867, five blocks north at 4–8 Hubert Street. The company's first New York headquarters was an 1858 marble Italianate palazzo at 55–61 Hudson Street, which had a busy freight depot on the ground story with a spur line from the Hudson River Railroad. purchased a lot on Vesey Street in New York City as the site for its stables. In 1874, American Express moved its headquarters to 65 Broadway in what was becoming the Financial District of Manhattan, a location it was to retain through two buildings. For years it enjoyed a virtual monopoly on the movement of express shipments (goods, securities, currency, etc.) throughout New York State. in 1852 when Butterfield and other directors objected to the proposal that American Express extend its operations to California.Īmerican Express initially established its headquarters in a building at the intersection of Jay Street and Hudson Street in what was later called the Tribeca section of Manhattan. Wells and Fargo also started Wells Fargo & Co. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company, the successor earlier in 1850 of Butterfield, Wasson & Company). It was founded as a joint-stock corporation by the merger of the express companies owned by Henry Wells (Wells & Company), William G. In 1850, American Express was started as an express mail business in Buffalo, New York. Fargo as Secretary and Henry Wells as President Share of the American Express Company, issued 13.
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