Tuesday, March 27, 2012

Musings on "Exchange"

The word exchange finds its way into conversation often.  We exchange presents at holidays, and purchases at shops.  Your HVAC system uses a heat exchanger; my colleague works in an Art Deco building on Exchange Place in Lower Manhattan.

                                                  90 West Broadway, Manhattan

Mainers exchanged lumber from their forests for Caribbean sugar in the early 1800s, facilitating a spike in rum consumption in that state (and the rise of the temperance movement).  Banks began as places of exchange, where a product was brought and money taken away.  A "Corn Exchange" Bank was located on  125th Street in 1913.  Shown above, at 90 West Broadway, the name "NY National Exchange Bank" has been obscured, either by intention or time.  In 1877, the NY National Bank was robbed at 138 Chambers Street, this building's address around the corner.  City records show new buildings permitted at this site in 1868 and 1895, so it is doubtful that the thief escaped through this portal.

nytimes.com/gst/abstract.html


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