Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-04

occupied by securities and financial firms
of divers sorts, or are the financial head
quarters of some of the most famous es-
tates of New York. The tenants in the
building of the bank whose resources are
nearly $120,O goo include. besides power,
full financial institutions. many well-known
multi-millionaires who devote their work
ing hours to managing personally their
vast affairs. A good example of this class
of Nassau street workers is E. d. Morgan,
who Is one of the richest men in America,
his wealth being conservatively estimated
at 500, 600, COO
Besides the companies in the four build
ings already mentioned. all the other sky
scrapers of these three blOcns are given
over wholly or in part to scores of other
trust. life, fire. safe deposit. securities, and
private banking companies. with some of
the country's leading brokerage firms dis
playing their names all about. CHIEF
among the private banking companies Is
that of which August Belmont, the Amer
lean representative of the Rothschilds, Is
the head. and Mr. Belmont controls not
only New York's vast rapid transit system.
but great railway system Of the south as
well, whose total mileage is 1907.
In the Strong Boxes.
A faint idea Of the millions on millions
that rest in the strong boxes of Nassau's
financial institutions, and the colossal prop
critics that are controlled or directed by
them, may be gained from the statement
mat eHC utpOSllS III three ndIlOndi banks
aggregate over $235 COO 600, and their joint
resources are 41l.3OO, 600; four trust COM
panies have joint resources of 1920 900, 900
and deposits of 80, 900, 600; while the as
sets of two insurance companies total
SI92,OOO,OOO and their insurance policies in
force, three and one-half billions of dol
lars. The assets of all these institutions
reach the grand total of 81 424 800, 600, and
they are but nine of Nassau's several hum
dred financial CORPORATIONS
But II Nassau at its lower end is
source OF wonder because of the millions of
gold centered there, at the upper end 1t is
an equal source of wonder because of the
great and powerful newspapers that are
printed there. Here, too, are the New York
oH1ces OF hundreds of the country's lead
ing newspapers and periodicals. Newspa-
per row is but a more specific name for
upper Nassau. which is, indeed the news
center of America, foreign pubIica tfons
such as the London and Berlin dailies, also
having their American corresnondants
quartered here
SO, at either end in the twenty odd sky
scrapers marking its beginning and ending,
ana constituting nearly fifth of all the
buildings on the street, Nassau is rich in
TWO OF the most potent influences for good
or bad In all the world. Between these
colossal buildings and the equally colossal
human activities which they harbor lies the
Nassau street of long ago-ittle old brick
buildings sixty and seventy years old with
every sort of picayune and respectable re-
tail business imaginable all catering to the
wants, the whims, the luxuries of the null
t1tudes that crowd the street three times
from dawn to darkness every working day
OF the year. Strange and rare contrast
this, of one and three and four-story struc-
lures sheltering business of little capital
with eighteen and twenty-three-story
'scrapers at either end, supplying working
space to many of the most powerful fnan-
cial institutions of the land.
In the Heart of Things.
There is still another wonder about Mas
sau. You can step off it into any of the
cross streets and Immediately be in the
center of an important wholesale district
or come across some noted institution of
the city. A few steps on Liberty street to-
ward Broadway and you are in front of the
stately building of the Chamber of Com
merce, nearly every member of which is
millionaire several times over. Turn into
Maiden lane, and you stand in the heart of
the wholesale jeWelry and precious stones
trades of America. In Ann are the scrap
paper wholesalers of the metropolis; in
Beekman unbroken rows of paper and ink
houses. Walk down Nassau it's full length
Wall and you strike Broad street. with it's
great brokerage firms, it's turbulent curb
market and the world-famous stock ex-
change. Nassau, indeed, is a veritable tap.
a hub from which divers varied human
activities radiate in all directions through
out the lower part of the island.
And 1t is only ten blocks in length, and
therein lies still another of the wonders
that endear it TO all New Workers, and
make the stranger cape who incidentally
finds himself at the noon hour an atom in
It's swirling mob.