Banca Commerciale Italiana  Compilation

 Joseph Seligman and his brothers founded J &amp; W Seligman &amp; Company banks. During the Civil War, his bank helped to finance the Union Army. In 1877, however, he and his family were denied their stay at the Grand Union Hotel, one of the first cases of anti-semitism in the United States to gain national notoriety. 

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 Historian and lawyer James Kaplan details the history of the now defunct Lehman Brothers financial firm. The Lehman Brothers made their fortune in cotton trading and, as such, were heavily invested on the Confederates' side of the Civil War. The Lehman Brothers purchased 1 William Street from the J &amp; W Seligman &amp; Company in 1928 and headquartered themselves there until 1980. 

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 The fourth stop on the Great Crash of 1929: Tour of the Financial District is in front of the former headquarters of both the Seligman Brothers and the Lehman Brothers financial companies. Interestingly, while the Seligman Brothers were financial backers of the Union Army in the Civil War, the Lehman Brothers backed the Confederate Army because much of the money came from cotton plantations in the South. 

https://storage.googleapis.com/cnow/captions/podcast/FBTM716F296C.vtt

Banca Commerciale Italiana Compilation

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