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Bank of the Manhattan Company Chartered 1799: A Progressive Commercial Bank

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THE WATER SYSTEM At the first meeting of the Directors, held at the house of Edward Barden, Innkeeper, on April 11th, 1799, the following Directors were present: DANIEL LUDLOW, JOHN WATTS, JOHN B. CHURCH, BROCKHOLST LIVINGSTON, WILLIAM LAIGHT, PASCAL N. SMITH, SAMUEL OSGOOD, JOHN STEVENS, JOHN B. COLES, JOHN BROOME, AARON BURR, and RICHARD HARRISON, Recorder of the City of New York, Ex. Officio, the only absentee being William Edgar. Daniel Ludlow was chosen President, and the following minute was made:
The Bible, King James version, Book 53: 2 Thessalonians

Book 53 2 Thessalonians 53:001:001 Paul, and Silvanus, and Timotheus, unto the church of the Thessalonians in God our Father and the Lord Jesus Christ: 53:001:002 Grace unto you, and peace, from God our Father and the Lord Jesus Christ. 53:001:003 We are bound to thank God always for you, brethren, as it is meet, because that your faith groweth exceedingly, and the charity of every one of you all toward each other aboundeth; 53:001:004 So that we ourselves glory in you in the churches of God for your patience and faith in all your persecutions and tribulations that ye endure: 53:001:005 Which is a manifest token of the righteous judgment of God, that ye may be counted worthy of the kingdom of God, for which ye also suffer: 53:001:006 Seeing it is a righteous thing with God to recompense
The principal object of this incorporation being to obtain a supply of pure and wholesome water for the City of New York. RESOLVED that Samuel Osgood, John B. Coles and John Stevens be a committee to report with all convenient speed the best means to be pursued to obtain such supply. [Illustration: OLD WOODEN WATER MAINS] On May 6th, 1799, the water committee was empowered "to contract for as many pine logs as they may think necessary for pipes and also for boring the same." [Illustration: Contemporary Cartoon] A number of wells were sunk, reservoirs and tanks built, and the distributing system extended generally through the city south of City Hall. About 1836 the system was extended north along Broadway as far as Bleecker Street, and at that time the company had about twenty-five miles of mains and supplied 2,000 houses. [Illustration: MANHATTAN COMPANY RESERVOIR ON CHAMBERS STREET]