These original Kirt's Cogitations™ may be reproduced
(no more than 5, please) provided proper credit is given to me, Kirt Blattenberger.
here to return to the Table of Contents.
Cog·i·ta·tion [koj-i-tey'-shun] – noun: Concerted
reflection; meditation; contemplation.
Kirt [kert] – proper noun: RF Cafe webmaster.
The Origin of the Name "Wall Street"
From whence cometh the name of famous Wall Street? If
not for the presence of the NY Stock Exchange, few would know of its existence and fewer would care about its
origins. In 1792, 24 of NY City's leading merchants began meeting secretly to discuss ways to bring order to the
securities business and to wrest it from their competitors, the auctioneers. Two months later, these merchants
signed a document named the Buttonwood Agreement, named after their traditional meeting place, a buttonwood tree.
The agreement called for the signers to trade securities only among themselves, to set trading fees, and not to
participate in other auctions of securities, thus founding what was to become the New York Stock Exchange. The
Exchange would later be located at 11 Wall Street. Many years earlier, Dutch settlers built a wall that joined the
banks of the East River with those of the Hudson River on the west, to protect themselves from Indians, pirates,
and other dangers. The path, appropriately named Wall Street, became a bustling commercial thoroughfare where
early merchants built their warehouses and shops, along with a city hall and a church. NY was the U.S. national
capitol from 1785 until 1790 and Federal Hall, where George Washington was inaugurated, was built on Wall Street.