[Congressional Record Volume 164, Number 166 (Friday, October 5, 2018)]
[Senate]
[Page S6628]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                            MORNING BUSINESS

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           200TH ANNIVERSARY OF BROWN BROTHERS HARRIMAN & CO.

  Mr. SCHUMER. Mr. President, 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.

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