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Wall Street has changed greatly over the course of this century.
Large financial conglomerates and highly specialized boutiques
have replaced many of the traditional names that helped finance
America’s growth for much of the period. Jesup & Lamont, a
vintage Wall Street firm that has retained its original name and
business principles for more than 125 years, is a noteworthy
exception.
The
firm’s distinguished history began at the dawn of the industrial
revolution. When James Jesup and Lansing Lamont -- two highly-
regarded New York financiers – formed their partnership in 1877,
oil and railroads represented the country’s economic future, and
capital was the engine to drive the dream forward. Powerful
visionaries like John D. Rockefeller turned to Jesup & Lamont to
raise capital and provide brokerage services for Standard Oil
and several related companies that were developing
infrastructure for the new age. The towering Rockefeller Center
complex, constructed with funds partially underwritten by Jesup
& Lamont, stands as a symbol of the promise and achievement of
the era.
