But today, the old building on Broad Street, which had already been expanded several times, was far more crowded than the norm. For today, May 17, 1892, was a special day on two accounts. First, it was the Centennial of the founding of the New York Stock Exchange, which dated its existence to the signing of the Buttonwood Agreement on May 17, 1792.
Second, it had been chosen to be the day the new clearinghouse to make the trading of stocks and the settling of accounts more efficient and secure was going into effect. Stockjobbers such as he and his colleagues, investors and bankers were eager to see how it would work.
Second, it had been chosen to be the day the new clearinghouse to make the trading of stocks and the settling of accounts more efficient and secure was going into effect. Stockjobbers such as he and his colleagues, investors and bankers were eager to see how it would work.