Sunday, July 31, 2005

Wall Street History




Morgan Bank Bombing
Nearly a century late, just before noon on Wednesday, September 16, 1920, a horse-drawn wagon covered with a canvas tarpaulin pulled to a stop on the north side of Wall Street across from the House of Morgan (shown above) . The driver abandoned the wagon and blended in with the lunchtime crowd before the dynamite-packed wagon exploded. Debris ricocheted through the canyons of the Financial District and shattered windows as far as half a mile away.


The attack killed 38 people and injured more than 300. Junius Morgan, grandson of company founder J. Pierpont Morgan, suffered only minor injuries to his hand. J.P. "Jack" Morgan, Jr., then president of the bank, was traveling in Scotland at the time of the attack. When he returned, he found his building pock-marked from the explosion. These marks can still be seen on the facade of the Morgan building today.

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