LET’S MAKE A DEAL
On May 17, 1792: Twenty-two stockbrokers and merchants signed an agreement to establish rules for buying and selling bonds and shares of companies, creating the beginnings of the New York Stock Exchange. The agreement came to be known as the Buttonwood Agreement, as the Buttonwood tree served as a meeting place for early Wall Street pioneers.
LET THERE BE LIGHT
On May 17, 1697: The City required residents to hang lanterns on the poles outside of their homes as part of New York City’s first streetlight law.
JOHN JAY PASSES
On May 17, 1829: John Jay, known as being one of the three authors of The Federalist Papers, passed away. In 1789, Jay became Chief Justice to the Supreme Court and was subsequently elected envoy extraordinary to Great Britain, and then governor of New York. As governor, he undertook extensive projects to improve the state’s economy. His legacy lives on as the namesake of CUNY John Jay College of Criminal Justice.