Wednesday, October 4, 2023

"Money in All Its Forms Is Plentiful There"

"Guarding Wall Street against Thieves."
First appearance: T.P.'s Weekly, November 14, 1902.
Online at Hathi Trust (HERE and below).

Before electronic computers came along, money was something that you would carry in your pocket and stuff into the mattress, which meant that business transactions worth millions often required the physical movement of cash from one place to another—but that could be risky:
- "Wall Street":
  You've never heard of it? "Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term 'Wall Street' has become a metonym for the financial markets of the United States as a whole, the American financial services industry, New York–based financial interests, or the Financial District itself. Anchored by Wall Street, New York has been described as the world's principal financial and fintech center." (Wikipedia HERE.)
- "about twenty-five years ago":
  A sensational case at the time: "Manhattan Savings Institution, 1878, $2.5 million ($75.8 million in 2022) including $12,000 in cash, with the rest in securities. Masterminded by George Leonidas Leslie and carried out by Jimmy Hope, Samuel Perris and others." (See Wikipedia HERE; go down to "Large-value U.S. robberies.") (For more details about the perps see Wikipedia HERE, HERE, and HERE.) (There's also a podcast about the heist at The Bowery Boys HERE.)
- "John Pierpont Morgan and Co.":
  Known as "J.P." to his friends and "that cutthroat capitalist" to everybody else, Morgan was, if nothing else, a real go-getter: "He adopted a serious, energetic approach to his work and was praised by his father's friends for his work ethic and capacity for business." (See Wikipedia HERE and HERE.)

The bottom line:

Unless otherwise noted, all bibliographical data are derived from The FictionMags Index created by William G. Contento & edited by Phil Stephensen-Payne.

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