National Geographic : 1951 Feb
© National Geograiic Society 196 Lent by Museum of the City of New York JAMES H. CAFFI-RTY and CHARLES G. ROSENBERG * Wall Street, October 15, 1857 In 1857 a violent era of expansion was slowing down. October 15 witnessed the final, stunning crash, the suspension of every New York Iank. October l14's Times reported: '" all Street yesterday presented a remarkable appearance. The entire street . . . was densely packed . .. Bank presidents were jostled by policemen . . . Tle public that had anything in a bank seemed to lave come t tthe simultaneous determination to draw it out in gold. There must have been lour or five millions (withdrawn) . . en were rushing about, either \with their hands full of gold coin, or with bags full . . ." After the close of business the Street appeared deserted. By 1838 the panic passed away. Trinity Church here stands on Broadway, facing Wall Street.