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three, or five, or seven persons to dine with him, but never an even number; and he was always anxious to have those come that he invited, so that ill-luck might not chance by one not coming, thus giving the unlucky even number of persons to entertain. After dinner came a good old game of whist for one or two tables, according as he invited more or less. He was fond of the game, and his friends also were good whist player. He owned a large landed property, and when he died was very rich. On those days, and for years, the great topic of conversation was
Bonaparte.
185:". He bought it for eight cents an acre with no down payment, and agreed to pay off the amount in six annual installments. Macomb was actually just the front man for the purchase, which was made by a group that included Daniel McCormick and William Constable, another merchant who had also made his money in the fur trade and was one of the first Americans to trade with China. The purchase covered about one-tenth of New York state, and included all of present-day
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year, until all had gone. He saw offices and business crowding into the cellar and floors and garrets of the vacated buildings; he saw new buildings put up for offices; but he was firm, and finally was left alone, the only gentleman who continued to reside in his own house, in the good old fashioned style. He never changed his habits. He stuck to short breeches and white stockings and buckles to the last. He wore
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stood to benefit from the transaction because of his friendship with McCormick, who allegedly held a third of the tract and planned to transfer part of it to
Clinton; McCormick denied this. Besides, he was a federalist when Clinton was an anti-federalist. Sales did not keep up with the due dates for
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Mr. McCormick was a glorious sample of the old New Yorker. He stuck to Wall Street to the last. Death alone could get him out of it. He died in 1834, and from 1792 until that date he never budged an inch out of the honored old street. He witnessed the removal of his neighbors one by one, year after
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as long as he lived, and believed in curls. He was without a stain upon his character. He was fond of his friends, and they loved him, although he saw nearly all of them enter the grave. He gave good dinner parties, and had choice old wines upon the table. In his invitations for dinner he invited
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was founded as a result of a meeting of New York merchants on
February 23, 1784; it was the first bank created in the independent United States, and its prime organizer, and author of its constitution, was Alexander Hamilton. The board of directors was elected on March 15, and included McCormick,
178:-born merchant who had made money during the war as a fur trader in Michigan and then moved to New York to become a land speculator and shipping magnate. In 1788, he built a large mansion at 39 Broadway, which in 1790 was leased to become George Washington's presidential residence.
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Macomb was sent to debtors' prison with debts of more than $ 300,000, a fortune at the time. The land was divided among McCormick, Constable, and the creditors, and was sold and re-sold during the 1790s. Clinton sued his accusers for libel, and won the case.
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Little went on in
Federal Hall without his comment, if not his knowledge. And when Congress dismissed for the day, and statesmen and socialites took their Wall Street airing, Mr. McCormick and his cronies had a word about each. Let the
155:, and John Vanderbilt. When the Bank of New York was incorporated in 1791, a total of 723 shares worth $ 500 each were issued. With 15 shares, McCormick was one of the five biggest shareholders.
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The land was put up for sale, with
Constable even going to Europe to try to make sales there. During the gubernatorial election of 1792 there were charges that Governor
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owned three shares and
Alexander Hamilton owned one and a half shares. In 1792, the bank's stock became the first corporate shares to be traded on the newly-founded
47:, in either 1739 or 1740. He had a brother named Edward, a sea captain in the East Indian trade, who married Joanna Hamilton, possibly a distant Scottish cousin of
109:. His home at 57 Wall Street became a social hub for acquaintances including Hamilton, whose law office in 1789 was in a neighboring building at 58 Wall Street.
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After the occupation ended, McCormack worked for an auctioneering company named Moore, Lynsen and
Company and made a fortune in the sale of prizes during the
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19:(1739/40 – 1834) was an Irish-born businessman who lived most of his life in New York City, where he was a founding director of the
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A History of the Bank of New York, 1784-1884: Compiled from
Official Records and Other Sources at the Request of Directors
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In 1791, Macomb bought a tract of 3.6 million acres (15,000 km) in upper New York state that became known as "
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A History of St. Lawrence and
Franklin Counties, New York: From the Earliest Period to the Present Time
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129:' daughter says 'he is not half so fat as he was'; she means before he wore stays". And when chubby
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McCormick died in 1834, and his house was torn down not long afterwards, and in 1836-42 the
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lumber past that observatory stoop, and the latest quip would be whispered concerning
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The character of McCormick's later years was described by Walter
Barrett as follows:
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himself strutted by "like a monkey just put into breeches", the stoop recalled how
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McCormick became well known among New York social circles that included Hamilton,
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was built on its site at 55-57 Wall Street. The building was later home to the
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444:"The Society of the Friendly Sons of St. Patrick in the City of New York"
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Society of the Friendly Sons of St. Patrick in the City of New York
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The Law Practice of Alexander Hamilton: Documents and Commentary
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Life at McCormick's house in 1789–90 was described as follows:
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proposed that the Vice-President be titled "His Rotundity".
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An Irish Presbyterian, McCormick served as a trustee of
467:. Vol. II. New York: M. Doolady. pp. 252–253.
97:. His business offices at 39 Wall Street were close to
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In 1784, he became founder and first president of an
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The Journal of the American Irish Historical Society
367:. New York: Columbia University Press. p. 131.
73:. By 1784, he had won election to the newly formed
461:Barrett, Walter ; Scoville, Joseph Alfred (1870).
51:. McCormick arrived in the United States in 1766.
431:. New York: G.P. Putnam's Sons. pp. 132–135.
408:1795–1895: One Hundred Years of American Commerce
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391:This Was New York, the Nation's Capital in 1789
394:. Books for Libraries Press. pp. 33–34.
388:Monaghan, Frank; Lowenthal, Marvin (1970) .
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329:Bayor, Ronald H.; Meagher, Timothy (1997).
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213:payments on the loan, and during the
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299:. Little & Company. p. 255.
411:. New York: D.O. Haynes. p. 2.
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64:British occupation of New York City
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464:The Old Merchants of New York City
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504:Businesspeople from New York City
405:Depew, Chauncey Mitchell (1895).
293:Hough, Franklin Benjamin (1853).
58:, he served as a lieutenant in a
105:between 1785 and 1789 under the
489:Businesspeople from County Down
425:Domett, Henry Williams (1884).
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222:Personal life and final years
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75:New York Chamber of Commerce
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151:Hamilton, Samuel Franklin,
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361:Goebel, Julius L. (1980).
275:United States Custom House
442:Lenahan, John J. (1909).
335:. JHU Press. p. 42.
228:Brick Presbyterian Church
107:Articles of Confederation
246:New York Society Library
62:militia unit, until the
271:New York Stock Exchange
161:New York Stock Exchange
125:'s unfortunate bulk – "
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23:. He was a partner in
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103:Continental Congress
267:Merchant's Exchange
195:St. Lawrence County
189:and large parts of
167:The Macomb Purchase
81:Life on Wall Street
332:The New York Irish
174:(1748–1831) was a
49:Alexander Hamilton
374:978-0-231-08930-2
342:978-0-8018-5764-5
183:Macomb's Purchase
93:, and the artist
71:Revolutionary War
56:Revolutionary War
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17:Daniel McCormick
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39:, a town in
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273:and to the
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310:Hough 1853
281:References
157:Aaron Burr
131:John Adams
91:John Adams
31:Early life
248:in 1801.
37:Ballybeen
87:John Jay
176:Belfast
60:patriot
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369:ISBN
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146:The
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