Manhattan Company
American bank and holding company in New York City
The Manhattan Company was a New York bank and holding company established on September 1, 1799. The company merged with Chase National Bank in 1955 to form the Chase Manhattan Bank. It is the oldest of the predecessor institutions that eventually formed the current JPMorgan Chase & Co.
History
18th century
The Manhattan Company was formed in 1799 with the ostensible purpose of providing clean water to Lower Manhattan. However, the main interest of the company was not in the supply of water, but rather in becoming a part of the banking industry in New York. At that time, the banking industry was monopolized by Alexander Hamilton's Bank of New York and the New York branch of the First Bank of the United States. "To circumvent the opposition of Hamilton to the establishment of a bank," and following an epidemic of yellow fever in the city, Aaron Burr founded the company and successfully gained banking privileges through a clause in its charter granted to it by the state that allowed it to use surplus capital for banking transactions. The company raised $2 million, used one hundred thousand dollars for building a water supply system, and used the rest to start the bank.
The company apparently did a poor job of supplying water, using hollowed out tree trunks for pipes and digging wells in congested areas where there was the danger of raw sewage mixing with the water. After a multitude of cholera epidemics, a water system was finally established with the construction between 1837 and 1842 of the Croton Aqueduct.
This brief starts where responsible research should: with the source description of “Manhattan Company” as american bank and holding company in New York City. Everything that follows is an evidence route, not borrowed authority.
Why this record matters
The subject matters to the places & architecture register because the source frames it as american bank and holding company in New York City. Its deeper value depends on whether names, dates, institutions and citations support that framing.
Maps, plans, fabric surveys and administrative records can establish how the site’s name, extent and function changed over time. The source revision retrieved here is dated Sep 15, 2026. The linked authority identifier is Q4856207. VIAF identifies the subject as 126113988. None of the 2 selected statements returned an explicit reference. The first chronological checks are 1799, 1955, 1837 and 1842.
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Three-step research path
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This entry incorporates text from “Manhattan Company” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.