Wall Street Palisade - NYC, NY
Posted by: Metro2
N 40° 42.459 W 074° 00.615
18T E 583606 N 4506775
This sign is embedded in the pavement on Wall Street BY Federal Hall.
Waymark Code: WMJC08
Location: New York, United States
Date Posted: 10/27/2013
Views: 14
Engraved on a marble stone and embedded in the pavement is this marker:
"1653-1669 WALL STREET PALISADE
WALL STREET IS NAMED FOR A DEFENSIVE
WALL OF LOGS, KNOWN AS A PALISADE,
ERECTED IN 1653 ALONG THE NORTHERN
BORDER OF NEW AMSTERDAM."
This website (
visit link) adds:
"Once the city’s northernmost boundary, Wall Street did indeed get its name from a wooden palisade that had been erected back in 1653 under the direction of Dutch Governor Peter Stuyvesant between the Hudson and East River to protect the town from marauding Indians. This palisade was 10 feet high and made of thick planks. However, before the wall was finished a street began to grow on the “town” side. This became known as Wall Street and over the years, the barricade gradually fell into disrepair as the dreaded Indian attacks failed to materialize. The farmers and other citizenry would eventually rip down the planks to use as building material or firewood, so that it would finally disappear in 1699. But the “Wall Street” name remained."