Word: buttonwood
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...first term of the first U. S. President was just ending when the New York Stock Exchange was founded under the buttonwood tree in Wall Street in 1792. No broker ever became President and few much of anything else. But in the last 142 years the members of the Stock Exchange have perfected a method of buying & selling securities which functions with mathematical precision and a code of financial conduct which is the highest in the world. Its 1,375 members, the best-dressed group of men in the U. S., have conferred on their officials absolute and arbitrary powers...
...since 1792 when 24 brokers agreed to buy & sell from each other under the big buttonwood tree in Wall Street had the New York Stock Exchange taken such a momentous step...
...just after the new United States of America had fairly started on its history, stockbrokers met under a buttonwood tree at No. 68 Wall St. When the weather was good they swapped securities and stories and breathed the fresh air from New York Harbor. When it was bad they met in nearby coffee taverns. By 1817 public participation in corporate enterprises had grown to the point where the brokers found it expedient to rent the front room on the second floor of the house of one George F. Vaupell at No. 40 Wall St. It cost $200 but this included...
...stock market in New York, created after the Revolutionary War to deal primarily in U. S. Government bonds, consisted originally of a dozen or more brokers, who used to gather under an old buttonwood tree then standing in lower Wall Street. In 1817 the more substantial of these brokers organized an association known as " The New York Stock and Exchange Board," and hired a second-story room in Wall Street. In the course of the following century this organization shortened its name to " New York Stock Exchange," expanded its membership to 1,100, built a splendid marble building for itself...