The North American Trust Company was a trust company based in New York City . It was organized in early 1896. At the start of 1898, the company was located in the American Surety Building at 100 Broadway . On April 3, 1900, the directors of the International Banking and Trust Company and the North American Trust Company unanimously voted to merge the two organizations under the new name the North American Trust Company. Other organizations were acquired in 1901, and in 1905 the City Trust, the North American Trust, and the Trust Company of America merged in what the Times called "the most important trust company consolidation of recent years." The new company was named the Trust Company of America.
84-610: There was a North American Trust Company involved in litigation as of 1852 in Albany, New York . The North American Trust Company was organized in early 1886, with a capital of $ 1 million. At the end of 1897, the company report announced that it had resources of about $ 5.5 million, an increase from about $ 5.1 at the end of 1896. At the start of 1898, the company was located in the American Surety Building at 100 Broadway . On January 19, 1898, Colonel William L. Trenholm
168-740: A Chabad-Lubavitch synagogue, an Orthodox synagogue, and two Reform synagogues. Albany is also home to one of the few Karaite synagogues outside Israel. As of 2008, the total membership in Albany's synagogues was estimated at 12,000-13,000, with half the members residing outside the city. Since the early 2000s, there has been an increase in Orthodox Jews moving to Albany from the New York Metro area, largely due to cheaper housing prices and closer walking proximity to synagogues. The Islamic community in Albany and its surrounding suburbs
252-558: A fur-trading post and was the first documented European structure in present-day Albany. Commencement of the fur trade provoked hostility from the French colony in Canada and among the natives, all of whom vied to control the trade. In 1618, a flood ruined Fort Nassau, but the Dutch replaced it with Fort Orange on the mainland in 1624. Both forts were named in honor of the leading family of
336-418: A 14-year-old girl enslaved by Volkert P. Douw ; and Bet, a 12-year-old girl enslaved by Philip S. Van Rensselaer . On January 6, 1794, the three were sentenced to death. Governor George Clinton issued a temporary stay of execution, but Dinah and Bet were executed by hanging on March 14, and Pompey on April 11, 1794. In 1797, the state capital was moved permanently to Albany. From statehood to this date,
420-466: A city the size of Albany. One report from 2000 offers religious affiliations for Albany County. According to the data, 59.2% of Albany County residents identified as Christian : 47% are Roman Catholic , 8.4% are mainline Protestants , 2.7% are Evangelical Protestants , and 1.1% are Eastern or Oriental Orthodox Christians. Residents who practice Judaism make up 4.2% of the population and Muslims represent 0.2%. As of April 1, 2020, Albany's population
504-426: A few days' sail from New York City. Albany reported a population of 3,498 in the first national census in 1790, an increase of almost 700% since its chartering. On November 17, 1793, fire broke out at a stable belonging to Leonard Gansevoort , destroying 26 homes on Broadway, Maiden Lane, James Street, and State Street. Three were arrested and charged with arson : Pompey, a man enslaved by Matthew Visscher; Dinah,
588-505: A plan to have the county pay for the construction and have the state sign a lease-ownership agreement. The state paid off the bonds until 2004. It was Rockefeller's only viable option, and he agreed. Due to the clout Corning gained from the situation, he gained inclusion of the State Museum, a convention center, and a restaurant, back in the plans—ideas which Rockefeller had originally vetoed. The county gained $ 35 million in fees and
672-532: A polo field on Loudon Road, it moved to Westerlo Island in 1909 and remained there until 1928. The Albany Municipal Airport—jointly owned by the city and county—was moved to its current location in Colonie in 1928. By 1916 Albany's northern and southern borders reached their modern courses; Westerlo Island , to the south, became the second-to-last annexation, which occurred in 1926. Erastus Corning 2nd , arguably Albany's most notable mayor (and great-grandson of
756-437: Is credited for an "unparalleled cycle of commercial investment and development" in Albany due to his "aggressive business development programs". Prior to the recession of the 1990s , downtown Albany was home to four Fortune 500 companies. After the death of Corning and the retirement of Congressman Sam Stratton , the political environment changed. Long-term office holders became rare in the 1980s. Local media began following
840-703: Is home to the oldest Christian congregation in Upstate New York and the Mother Churches of two Christian dioceses . As of June 2010 , eight churches or religious buildings in the city were listed on the National Register of Historic Places , one of which— St. Peter's Episcopal Church on State Street—is a National Historic Landmark . Established in 1642, the congregation of the First Church in Albany (Reformed) , also known as
924-699: Is now the SUNY System Administration Building . In 1853, Erastus Corning , a noted industrialist and Albany's mayor from 1834 to 1837, consolidated ten railroads stretching from Albany to Buffalo into the New York Central Railroad (NYCRR), headquartered in Albany until Cornelius Vanderbilt moved it to New York City in 1867. One of the ten companies that formed the NYCRR was the Mohawk and Hudson Railroad , which
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#17327811506401008-732: Is represented by at least four major mosques in the region. The Muslim population increased substantially starting in the late 2000s, with the arrival of many refugees from countries such as Iraq , Syria , and Afghanistan . Exact numbers on religious denominations in Albany are not readily available. Demographic statistics in the United States depend heavily on the United States Census Bureau , which cannot ask about religious affiliation as part of its decennial census . It does compile some national and statewide religious statistics, but these are not representative of
1092-1019: Is significant, totaling 59.4 inches (151 cm) per season, but with less accumulation than the lake effect areas to the north and west, as it is farther from Lake Ontario . However, Albany is close enough to the Atlantic coast to receive heavy snow from Nor'easters and the city occasionally receives Alberta clippers . Winters can be very cold with fluctuating conditions; temperatures drop to 0 °F (−18 °C) or below on nine nights per annum. Summers in Albany can contain stretches of excessive heat and humidity, with temperatures of 90 °F (32 °C) or hotter on nine days per year. Record temperature extremes range from −28 °F (−33 °C), on January 19, 1971, to 104 °F (40 °C) on July 4, 1911. The neighborhoods of Albany include Arbor Hill ; Center Square, "[an] eclectic mix of residential and commercial [buildings], including bars, night clubs, restaurants, and stores"; Pine Hills ; and
1176-707: Is the capital and oldest city in the U.S. state of New York , and the seat of and most populous city in Albany County . It is located on the west bank of the Hudson River , about 10 miles (16 km) south of its confluence with the Mohawk River . The city is the economic and cultural core of New York State's Capital District , a metropolitan area including the nearby cities and suburbs of Colonie , Troy , Schenectady , and Saratoga Springs . With an estimated population of 1.1 million in 2013,
1260-421: The 1830 and 1840 censuses, Albany was ranked as the ninth-largest urban place in the nation; it dropped back to tenth in 1850 . This was the last time the city was one of the top ten largest urban places in the nation. Albany also has significant history with rail transport , as the location of two major regional railroad headquarters. The Delaware and Hudson Railway was headquartered in Albany at what
1344-645: The Albany Pine Bush , an area of pitch pine and scrub oak , and has arid, sandy soil that is a remnant of the ancient Lake Albany . Due to development, the Pine Bush has shrunk from an original 25,000 to 6,000 acres (10,100 to 2,400 ha) today. A preserve was set up by the State Legislature in 1988 and is on the city's western edge, spilling into Guilderland and Colonie; it is the only sizable inland pine barrens sand dune ecosystem in
1428-479: The All-America City Award in both 1991 and 2009. Albany is about 150 miles (240 km) north of New York City on the Hudson River . It has a total area of 21.8 square miles (56 km ), of which 21.4 square miles (55 km ) is land and 0.4 square miles (1.0 km ) (1.8%) is water. The city is bordered on the north by the town of Colonie (along with the village of Menands ), on
1512-752: The Gaelic name for Scotland. The Dutch briefly regained Albany in August 1673 and renamed the city Willemstadt ; the English took permanent possession in 1674 with the Treaty of Westminster . On November 1, 1683, the Province of New York was split into counties, with Albany County being the largest: it included all of present New York State north of Dutchess and Ulster Counties in addition to present-day Bennington County , Vermont, theoretically stretching west to
1596-871: The Holland Trust Company and the Century Trust Company . Oakleigh Thorne was serving as president of the North American. On April 12, 1905, it was reported that the City Trust, the North American Trust, and the Trust Company of America were merging in the near future, in what the Times called "the most important trust company consolidation of recent years." It was announced the new company would be named
1680-472: The Legislature had frequently moved the state capital between Albany, Kingston , Poughkeepsie , and the city of New York . Albany is the tenth-oldest state capital in the United States and the second-oldest city that is a state capital, after Santa Fe , New Mexico. Albany has been a center of transportation for much of its history. In the late 18th and early 19th centuries, Albany saw development of
1764-656: The National Bank of North America . On April 3, seven men from the International Banking and Trust Company were elected as directors of the North American company. They included president Oakleigh Thorne of the International, as well as Benjamin F. Tracy , H. B. Hollins , Edward W. Scott , Jone Hone , John C. Tomlinson , and Ernst Thalmann . Albany, New York Albany ( / ˈ ɔː l b ə n i / AWL -bə-nee )
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#17327811506401848-660: The Port of Albany-Rensselaer opened in 1932. In 1829, while working as a professor at the Albany Academy , Joseph Henry , widely regarded as "the foremost American scientist of the 19th century", built the first electric motor . Three years later, he discovered electromagnetic self-induction (the SI unit for which is now the henry ). He went on to be the first Secretary of the Smithsonian Institution . In
1932-595: The Scottish title of the Duke of York (later James II of England and Ireland and James VII of Scotland ): the Duke of Albany . The city was officially chartered in 1686 under English rule. It became the capital of New York in 1797 after the formation of the United States. Albany is the oldest surviving settlement of the original British thirteen colonies north of Virginia. In the late 18th century and throughout most of
2016-604: The Secretary of War to investigate the North American Trust Company's operations in Havana, and its relation to the United States government. In late February 1901, the North American Trust Company "practically absorbed eight other companies." By February 27, 1901, negotiations were taking place for the North American to take control of two other trust companies, with plans to liquidate their businesses:
2100-734: The Stadt Huys became home to the Albany Committee of Correspondence (the political arm of the local revolutionary movement), which took over operation of Albany's government and eventually expanded its power to control all of Albany County . Tories and prisoners of war were often jailed in the Stadt Huys alongside common criminals. In 1776, Albany native Philip Livingston signed the Declaration of Independence at Independence Hall in Philadelphia . During and after
2184-536: The W. Averell Harriman State Office Building Campus . Albany County Republican Chairman Joseph C. Frangella once quipped, "Governor Rockefeller was the best mayor Albany ever had." Corning, although opposed to the project, was responsible for negotiating the payment plan for the Empire State Plaza . Rockefeller did not want to be limited by the Legislature's power of the purse , so Corning devised
2268-523: The turnpike and by 1815, Albany was the turnpike center of the state. The development of Simeon De Witt 's gridded block system in 1794—which renamed streets that had originally named after the British royal family with names of birds and mammals instead —was intersected by these major arterials coming out of Albany, cutting through the city at unexpected angles. The construction of the turnpike, in conjunction with canal and railroad systems, made Albany
2352-735: The "People of the Waters That Are Never Still". The Mohawks, one of the Five Nations of the Iroquois Confederacy , were based in the Mohawk valley and noted for their fur trading and their access to trade between the Iroquois and other nations. The Mohawk became strong trading partners with the Dutch and English. It is likely that the area was visited by European fur traders perhaps as early as 1540, but
2436-702: The 18th and 19th centuries were furs, wheat, meat, and lumber. By 1865, there were almost 4,000 saw mills in the Albany area and the Albany Lumber District was the largest lumber market in the nation. The city was also home to a number of banks. The Bank of Albany (1792–1861) was the second chartered bank in New York. The city was the original home of the Albank (founded in 1820 as the Albany Savings Bank), KeyBank (founded in 1825 as
2520-682: The 1920s. During the 1990s, the State Legislature approved the $ 234 million "Albany Plan", "a building and renovation project [that] was the most ambitious building project to affect the area since the Rockefeller era." Under the Albany Plan, renovation and new building projects were initiated around the downtown area. Many state workers were relocated from the Harriman State Office Campus to downtown, helping its retail businesses and vitality. The first decade of
2604-513: The 1990s, the New York State Legislature approved for the city a US$ 234 million building and renovation plan, which spurred redevelopment downtown. In the early 21st century, Albany's high-technology industry grew, with great strides in nanotechnology . The Hudson River area was originally inhabited by Algonquian -speaking Mohican (Mahican), who called it Pempotowwuthut-Muhhcanneuw , meaning "the fireplace of
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2688-676: The 19th, Albany was a center of trade and transportation. The city lies toward the north end of the navigable Hudson River. It was the original eastern terminus of the Erie Canal , connecting to the Great Lakes , and was home to some of the earliest railroads in the world. In the 1920s a powerful political machine controlled by the Democratic Party arose in Albany. In the latter part of the 20th century, Albany's population shrank because of urban sprawl and suburbanization. In
2772-595: The 21st century saw a real possibility for a long-discussed and controversial Albany Convention Center; it opened in 2017 with the goal of making Albany a viable location for large events hosted by statewide organizations. Albany remains an important location for business presence, given its role as de facto seat of Tech Valley and being home to the state capitol. Fortune 500 companies with offices in Albany include American Express , J.P. Morgan and Chase , Merrill Lynch , General Electric , Verizon , Goldman Sachs , International Paper , and Key Bank . Albany won
2856-728: The American Surety Company) was elected president of the North American Trust Company . Trenholm attended South Carolina College , where he was a member of the Delta Kappa Epsilon fraternity, graduating in 1855. Comptroller of the Currency from 1886 to 1889, Trenholm, a Confederate Army veteran, was the first Democrat and first Southerner to be appointed Comptroller. Appointed to office by President Grover Cleveland , he
2940-431: The American Surety Company) was elected president of the North American Trust Company . In 1899, Trenholm desired to be "free of business cares" and retire, and an election was held for a new president at 100 Broadway. On May 26, 1899, Alvah Trowbridge was elected as the new president of the company, succeeding Trenholm. [REDACTED] This article incorporates public domain material from websites or documents of
3024-546: The Capital District is the third most populous metropolitan region in the state. As of 2023, Albany's population was 101,228. The Hudson River area was originally inhabited by Algonquian -speaking Mohican . The area was settled by Dutch colonists, who built Fort Nassau in 1614 for fur trading and Fort Orange in 1624. In 1664, the English took over the Dutch settlements, renaming the city Albany in honor of
3108-586: The Commercial Bank of Albany), and Norstar Bank (founded as the State Bank of Albany in 1803). American Express was founded in Albany in 1850 as an express mail business. In 1871, the northwestern portion of Albany—west from Magazine Street—was annexed to the neighboring town of Guilderland after the town of Watervliet refused annexation of the territory. In return for this loss, portions of Bethlehem and Watervliet were added to Albany. Part of
3192-584: The Corning years, as people moved to newer housing in the suburbs, followed by most of the downtown businesses moving there as well . While cities across the country grappled with similar issues, the problems were magnified in Albany: interference from the Democratic political machine hindered progress considerably. In 1960, the mayor sold the city's stake in the airport to the county, citing budget issues. It
3276-553: The Dutch Revolt, members of the House of Orange-Nassau . Fort Orange and the surrounding area were incorporated as the village of Beverwijck (English: Beaverwick or Beaver District ) in 1652, and the city of Albany in 1686. In these early decades of trade, the Dutch, Mohican, and Mohawk developed relations that reflected differences among their three cultures. Albany is one of the oldest surviving European settlements from
3360-789: The Mohican nation". Based to the west along the Mohawk River , the Iroquoian-speaking Mohawk called it Sche-negh-ta-da , "through the pine woods", referring to the path they took there. According to Hendrick Aupaumut , the Mohicans came to the area from the north and the west. They settled along the Mahicannituck, which is now called the Hudson River, and called themselves the Muh-he-con-neok ,
3444-839: The North Dutch Church (on North Pearl Street), is the second-oldest Reformed Church in America . The Cathedral of the Immaculate Conception (Eagle Street and Madison Avenue, built 1852) is the cathedral of the Roman Catholic Diocese of Albany , led by Bishop Edward Scharfenberger , and the Cathedral of All Saints (South Swan Street and Elk Street, built 1888) is the cathedral of the Episcopal Diocese of Albany . As of 2023,
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3528-428: The Pacific Ocean; Albany became the county seat . Albany was formally chartered as a municipality by provincial Governor Thomas Dongan on July 22, 1686. The Dongan Charter was virtually identical in content to the charter awarded to the city of New York three months earlier. Dongan created Albany as a strip of land 1 mile (1.6 km) wide and 16 miles (26 km) long. Over the years Albany would lose much of
3612-545: The Revolution, Albany's population consisted mostly of ethnic Dutch descendants. Settlers migrating from New England tipped the balance toward British ethnicity in the early 19th century. Jobs on the turnpikes, canals, and railroads attracted floods of Irish immigrants in the early 19th century, especially in the 1840s during the Great Famine , solidifying the city's Irish base. Michael Nolan became Albany's first Irish Catholic mayor in 1878, two years before Boston. Polish and Italian immigrants began arriving in Albany in
3696-432: The Revolutionary War, Albany County saw a great increase in real estate transactions. After Horatio Gates defeated John Burgoyne at Saratoga in 1777, the upper Hudson Valley was generally at peace as the war raged on elsewhere. Prosperity was soon seen all over Upstate New York . Migrants from Vermont and Connecticut began flowing in, noting the advantages of living on the Hudson and trading at Albany, while being only
3780-419: The South End. Historically, Albany's population has been mixed. First dominated by Mohican and Mohawk, then Dutch and Germans, it was overtaken by the British in the early 19th century. Irish immigrants soon outnumbered most other ethnicities by the mid-19th century, and were followed by Italians and Poles . In the mid-to-late 20th century, the African-American population increased with thousands of people from
3864-431: The Trust Company of America, with capital of $ 2 million, a surplus of $ 9 million, and deposits over $ 50 million, "putting it among the strongest trust companies in New York." Thorne, then president of the North American Trust Company, was announced as the architect of the merger. To facilitate the merger, Thorne employed a corporation to hold a majority of the stocks, with the Times writing that "Wall Street had never seen
3948-574: The United States, and is home to many endangered species, including the Karner Blue butterfly . Albany is in the humid continental climate zone ( Köppen climate classification : Dfa), and features cold, snowy winters, and hot, humid summers; the city experiences four distinct seasons. Albany is in plant hardiness zone 6a near downtown and along the shore of the Hudson and 5b at its western end. Albany receives 40.7 inches (1,030 mm) of precipitation per year, with 138 days of at least 0.01 in (0.25 mm) of precipitation each year. Snowfall
4032-416: The board. The company also had directors such as John G. Carlisle , Adlai E. Stevenson , and Wager Swayne . In 1899, William Lee Trenholm desired to be "free of business cares" and retire, and an election was held for a new president at 100 Broadway. On May 26, 1899, Alvah Trowbridge was elected as the new president of the company, succeeding Trenholm. Trowbridge to that point had been vice president of
4116-410: The city received $ 13 million for lost tax revenue. Having the state offices in the city enabled it to keep good jobs and retain middle-class residents. Another major project of the 1960s and 1970s was the construction of Interstate 787 and the South Mall Arterial . Construction began in the early 1960s. A proposed Mid-Crosstown Arterial never came to fruition. One of the project's main results
4200-439: The city residents was 52.3% white ; 27% black or African American ; 0.06% Native American or Native Alaskan ; 7.4% Asian ; 0.1% Native Hawaiian or Pacific Islander ; .06% from other races; and 3.6% from two or more races. A total of 9.2% of the population were Hispanic or Latino of any race. Non-Hispanic Whites were 52.0% of the population in 2010, compared to 87.0% in 1970. As of 2010, 20.0% of Albany's population
4284-421: The city was home to twelve Catholic churches and four Episcopal churches. Despite its history of Christendom , in 2019 the Albany-Schenectady-Troy MSA was found to be among the most post-Christian cities in the United States in a study by Christian polling firm The Barna Group . A significant Jewish presence has existed in Albany as early as 1658. As of 2010, Albany is home to two Conservative synagogues,
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#17327811506404368-418: The city were African American (27%), Irish (18.1%), Italian (12.4%), German (10.4%), and English (5.2%); (33.1%) of the population reported "other ancestries". Albany is home to a Triqui language -speaking community of Mexican-Americans . William L. Trenholm William L. Trenholm (1836–1901) was a United States Comptroller of the Currency from 1886 to 1889. In 1898, Trenholm (then president of
4452-425: The company to be $ 2 million, with entire assets of something over $ 4,500,000. A date was set for two weeks later, to ratify the director vote. On April 3, seven men from the International Banking and Trust Company were elected as directors of the North American company. They included president Oakleigh Thorne of the International. On May 22, 1900, the Senate adopted a resolution brought by Jones of Arkansas directing
4536-438: The company. Jarvis had organized the company branches in Santiago and Havana in Cuba . The company also had a branch in London . On April 3, 1900, the directors of the International Banking and Trust Company and the North American Trust Company met separately. Both groups unanimously voted to merge the two organizations under the new name the North American Trust Company. The new North American Trust Company would be based in
4620-404: The corner of Broadway and Cedar Street, formerly secured by the International Company. At the time of the vote, North American had a capital of $ 2 million and a surplus of $ 1 million. International, on the other hand, had capital of $ 1 million and a surplus of $ 500,000. In the merger, the International Company surrendered its charter and all its assets to North American, with the new capital stock of
4704-403: The drama surrounding county politics (specifically that of the newly created county executive position); the loss of Corning (and eventually the machine) led to a lack of interest in city politics. The election of Gerald Jennings was a surprise, and he served as mayor from 1994 until his retirement at the end of 2013. His tenure essentially ended the political machine that had been in place since
4788-453: The early years, African-Americans lived together with Italians, Jews, and other immigrants in the South End, where housing was older and less expensive. The black community has grown as a proportion of the population since then; African Americans made up three percent of the city's population in 1950, six percent in 1960, 12 percent in 1970, and 30 percent in 2010. The change in proportion is related mostly to middle-class white families moving to
4872-422: The extent and duration of those visits are unclear. Permanent European claims began when Englishman Henry Hudson , exploring for the Dutch East India Company on the Half Moon ( Dutch : Halve Maen ), reached the area in 1609, claiming it for the United Netherlands . In 1614, Hendrick Christiaensen built Fort Nassau on Castle Island (now called Port of Albany ), in the Hudson River. The fort acted as
4956-424: The former mayor of the same name), was elected in 1941. Although he was one of the longest-serving mayors of any city in United States history (1942 until his death in 1983), one historian describes Corning's tenure as "long on years, short on accomplishments," citing Corning's preference for maintaining the status quo as a factor that held back potential progress during his tenure. While Corning brought stability to
5040-420: The hub of transportation for pioneers going to Buffalo and the Michigan Territory in the early and mid-19th century. In 1807, Robert Fulton initiated a steamboat line from New York to Albany, the first successful enterprise of its kind anywhere in the world. By 1810 , with 10,763 people, Albany was the tenth-largest urban place in the nation. The town and village north of Albany known as "the Colonie"
5124-534: The idea applied to the control of banking institutions." Thorne and his associates formed the Broadway Securities Company to hold a majority of the stocks from the North American and the Trust Company of America "against the efforts of the minority interests" endeavoring to block the consolidation. Stock in all three companies was also placed under the control of a committee, consisting of Charles T. Barney , George R. Sheldon , Hosmer B. Parsons , Emerson McMillin , Oakleigh Thorne, and William H. Leupp . A vote to ratify
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#17327811506405208-414: The land annexed to Guilderland was ceded back to Albany in 1910, setting up the current western border. The train carrying the body of slain President Abraham Lincoln came through Albany on the way to Illinois and some claim the ghostly image of that train remains. Albany opened one of the first commercial airports in the world, and the first municipal airport in the United States, in 1908. Originally on
5292-422: The land to the west and annex land to the north and south. At this point, Albany had a population of about 500 people. In 1754, representatives of seven British North American colonies met in the Stadt Huys , Albany's city hall , for the Albany Congress ; Benjamin Franklin of Pennsylvania presented the Albany Plan of Union there, which was the first formal proposal to unite the colonies. Although it
5376-454: The mayorship and was reelected twice. He encouraged redevelopment of historic structures and helped attract federal dollars earmarked for that purpose. What Corning had saved from destruction, Whalen refurbished for continued and new uses. The Mayor's Office of Special Events was created in an effort to increase the number of festivals and artistic events in the city, including a year-long Dongan Charter tricentennial celebration in 1986. Whalen
5460-647: The merger was called for April 18, 1905. On January 19, 1898, Colonel William L. Trenholm was elected president of the North American Trust Company, succeeding Samuel M. Jarvis . Vice presidents elected included Henry D. Lyman , David B. Sickels , and R. A. C. Smith . Former president resigned. At the same election, the elected members of the executive committee included Wiliam A. Wheelock , Henry H. Cook , Thomas F. Ryan , James A. Hayden , Marcellus Hartley , John C. Bullitt , John J. McCook , Elihu Root , and W. B. Kendall . By May 1899, vice presidents Samuel M. Jarvis and Roland R. Conklin were also serving on
5544-422: The north and south ends of the city attracted thousands of immigrants to the city for industrial jobs. Intricate wrought-iron details constructed in those years remain visible on what are now historic buildings. The iron industry waned by the 1890s due to increased costs associated with a newly unionized workforce and the opening of mines in the Mesabi Range in Minnesota . Albany's other major exports during
5628-454: The office of mayor, it is said even those who admire him greatly cannot come up with a sizable list of "major concrete Corning achievements." Corning is given credit for saving—albeit somewhat unintentionally—much of Albany's historic architecture. During the 1950s and 1960s, a time when federal aid for urban renewal was plentiful, Albany did not have growth in its economy or infrastructure. It lost more than 20 percent of its population during
5712-419: The original Thirteen Colonies and the longest continuously chartered city in the United States. When New Netherland was captured by the English in 1664, the name was changed from Beverwijck to Albany in honor of the Duke of Albany (later James II). Duke of Albany was a Scottish title given since 1398, generally to a younger son of the King of Scots . The name is ultimately derived from Alba ,
5796-449: The rural South, as part of the Great Migration . As historian (and Albany Assemblyman) John McEneny puts it, Dutch and Yankee, German and Irish, Polish and Italian, black and Chinese—over the centuries Albany's heritage has reflected a succession of immigrant nationalities. Its streets have echoed with a dozen languages, its neighborhoods adapting to the distinctive life-style and changing economic fortunes of each new group. Until after
5880-483: The suburbs and black families remaining within city limits during the same time period. Since 2007, the number of Burmese refugees to Albany has increased. The Burmese refugee community consists mostly of people of Karen ethnicity. An estimated 5,000 Burmese refugees reside in Albany as of January 2015 . Like most cities of comparable age and size, Albany has well-established Orthodox Christian , Roman Catholic , Protestant , and Jewish communities. Albany
5964-462: The wave of immigration in the latter part of the 19th century. Their numbers were smaller than in many other eastern cities mainly because most had found manufacturing jobs at General Electric in Schenectady. The Jewish community had been established early, with Sephardic Jewish members as part of the Beverwijck community. Its population rose during the late 19th century, when many Ashkenazi Jews immigrated from eastern Europe. In that period, there
6048-485: The west by the town of Guilderland , and on the south by the town of Bethlehem . The former Foxes Creek, Beaver Kill, and Rutten Kill were diverted underground in the 19th century. There are four lakes within city limits: Buckingham Lake ; Rensselaer Lake at the mouth of the Patroon Creek; Tivoli Lake , which was formed as a reservoir and once connected to the Patroon Creek; and Washington Park Lake , which
6132-496: Was 99,224. With a 2013 Census-estimated population of 1.1 million, the eight county Capital District, encompassing Albany, Troy, Schenectady and Saratoga, is the third-most populous metropolitan region in the state. As of the 2010 census , Albany's population density was 4,572.7 inhabitants per square mile (1,765.5/km ). There were 46,362 housing units at an average density of 2,166.4 per square mile (836.5/km ); 5,205 of these units (11.2%) were vacant. The racial makeup of
6216-672: Was also an influx of Chinese and east Asian immigrants, who settled in the downtown section of the city. Many of their descendants have since moved to suburban areas. Asian immigration all but halted after the Immigration Act of 1924 . Albany saw its last large immigration pattern as part of the Great Migration when many African Americans moved there from the American South before and after World War I to fill industrial positions and find other opportunities. In
6300-475: Was annexed in 1815. In 1825 the Erie Canal was completed, forming a continuous water route from the Great Lakes to New York City. Unlike the current Barge Canal , which ends at nearby Waterford , the original Erie Canal ended at Albany; Lock 1 was north of Colonie Street. The Canal emptied into a 32-acre (13 ha) man-made lagoon called the Albany Basin , which was Albany's main port from 1825 until
6384-414: Was elected president of the North American Trust Company. Former president Samuel M. Jarvis resigned and it was announced he would "devote himself more especially to the international business of the company." The company at large announced it would be more active with expansion, both in the United States and Europe. By May 1899, vice presidents Jarvis and Roland R. Conklin were the primary stockholders of
6468-754: Was formed by damming the Beaver Kill. The highest natural point in Albany is a USGS benchmark near the Loudonville Reservoir off Birch Hill Road, at 378 feet (115 m) above sea level . The lowest point is at the Hudson River—which is still technically an estuary at Albany and is affected by the Atlantic tide —at an average of 2 feet (0.61 m) above sea level at low tide and 4 feet (1.2 m) at high tide. The interior of Albany consists of rolling hills which were once part of
6552-525: Was known for the large number of changes he recommended in the banking laws. Some, such as the provision that banks could change name and location without an act of Congress, were adopted. Other recommendations influenced later legislation, including the Federal Reserve Act of 1913 . Trenholm resigned to become president of a large insurance company and later served as president of a trust company. On January 19, 1898, Trenholm (then president of
6636-431: Was known from then on as Albany County Airport until a massive upgrade and modernization project between 1996 and 1998, when it was rebranded Albany International Airport . Governor Nelson Rockefeller (1959–1973) ( R ) tried to stimulate the city with new monumental architecture and large, government-sponsored building projects; he drove construction of the Empire State Plaza , SUNY Albany 's uptown campus, and much of
6720-554: Was never adopted by Parliament , it was an important precursor to the United States Constitution . The same year, the French and Indian War , the fourth in a series of wars dating back to 1689, began. It ended in 1763 with French defeat , resolving a situation that had been a constant threat to Albany and held back its growth. In 1775, with the colonies in the midst of the Revolutionary War ,
6804-502: Was separating the city from the Hudson River. Historian Paul Grondahl has described Corning as shortsighted with respect to use of the waterfront, saying the mayor could have used his influence to change the location of I-787, which now cuts the city off from "its whole raison d'être " In 1967, the hamlet of Karlsfeld was the last annexation by the city, sourced from the Town of Bethlehem. When Corning died in 1983, Thomas Whalen assumed
6888-453: Was the first railroad in the state and the first successful steam railroad running regularly scheduled service in the country. While the key to Albany's economic prosperity in the 19th century was transportation, industry and business also played a role. Largely thanks to the city's Dutch and German roots, beer was one of its biggest commodities. Beverwyck Brewery , originally known as Quinn and Nolan ( Nolan being mayor of Albany 1878–1883),
6972-467: Was the last remaining brewer from that time when it closed in 1972. The city's location at the east end of the Erie Canal gave it unparalleled access to both raw products and a captive customer base in the west. Albany was known for its publishing houses, and to some extent, still is. Albany was second only to Boston in the number of books produced for most of the 19th century. Iron foundries in both
7056-427: Was under the age of 18, 19.3% was aged 18 to 24, 29.2% was aged 25 to 44, 18.1% was aged 45 to 64, and 13.4% was aged 65 years or older. The median age was 31.4 years. For every 100 females, there were 90.6 males. For every 100 females age 18 and over, there were 86.5 males. Some 81.3% of the population had completed high school or earned an equivalency diploma. As of the 2000 census , the top five ancestry groups in
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