On the recordOctober 5, 2018
I would like to bring the Senate's attention to the 200th anniversary of the New York City-based institution, Brown Brothers Harriman & Co. The firm, which was founded in 1818, is still in operation in the United States and has had a major presence in New York. The firm evolved from a 19th-century family-operated linen import business among Brown relatives in Northern Ireland, Liverpool, Baltimore, Philadelphia, and New York City and is one of the world's storied financial houses. The first office in New York was located at 191 Pearl Street near the wharfs of South Street. By 1835, the firm had moved to Wall Street as the city experienced the growth in trade from the recently completed Erie Canal and innovations in overseas shipping. Philanthropy has been a passion of the partners who were early benefactors of the Union Theological Seminary, as well as founders of the New York Association for Improving the Condition of the Poor. Brown Brothers partners also served on a council whose work led to the enactment of New York State's first tenement house law in 1867. On October 5, family and partners of the firm will gather to celebrate 200 years of their banking history. I wish them congratulations. ____________________





