FOUNDING AND EARLY HISTORY OF THE BANK
On April 17, 1799, a committee of the Directors was appointed
"to consider the most proper means of employing the capital of the Company."
The committee reported on June 3, 1799, in favor of opening an office of discount and deposit, and a house was bought on the site of the present No. 40 Wall Street, in which, on September 1, 1799, the "Bank" of the Manhattan Company began business.
The following is one of the earliest advertisements, reproduced from the Mercantile Advertiser, October 9, 1799:
WALL STREET IN 1803
Present No. 40 Wall Street