"to consider the most proper means of employing the capital
of the Company."
The committee reported on June 3, 1799, in favor of opening an office of
discount and deposit, and a house was bought on the site of the present
No. 40 Wall Street, in which, on September 1, 1799, the "Bank" of the
Manhattan Company began business.
The following is one of the earliest advertisements, reproduced from the
Mercantile Advertiser, October 9, 1799: