Mayor Abraham De Peyster (1657–1728) was born in New Amsterdam, now known as Manhattan. De Peyster came from a prosperous mercantile family. He was influential in the young city; he had many positions, including Alderman, Dutch Mayor, member of the King`s Council, and acting Governor. By the end of his life, De Peyster was allegedly one of the city`s wealthiest inhabitants. The sculpture has moved around several times in lower Manhattan. He among other things, donated the land for the original City Hall, which later became Federal Hall.
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