Directly through the block from this point is Cuyler's Alley, a narrow way between the houses running off Water Street. Although it is a hundred years old the only incident connected with its existence that has crept into the city's history, is a murder. In 1823, a Boston merchant was waylaid and murdered for his money, and was dragged through this street for final disposition in the river, but the murderer made so much noise in his work that the constable heard him and came upon the abandoned corpse.
Through a pretty garden at the back of the Stadt Huys, Stone Street was reached. It was the first street to be laid with cobble-stones (1657), and so came by its name, which originally had been Brouwer Street.
Delmonico's establishment at Beaver and William Streets is on the site of the second of the Delmonico restaurants. (See Fulton and William Streets.)
Exchange Place took its name from the Merchants' Exchange, which was completed in William Street, fronting on Wall, in 1827 (the present Custom House). Before that date it had been called Garden Street. From Hanover to Broad Street was a famous place for boys to coast in winter, and the grade was called "Flat and Barrack Hill." Scarcely more than an alley now, the street was even narrower once and was given its present width in 1832.
Wall Street came by its name naturally, for it was a walled street once. When war broke out between England and Holland in 1653, Governor Peter Stuyvesant built the wall along the line of the present street, from river to river. His object was to form a barrier that should enclose the city. It was a wall of wood, twelve feet high, with a sloping breastwork inside. After the wall was removed in 1699, the street came to be a chief business thoroughfare.
A new City Hall, to replace the Stadt Huys, was built in 1699, at Nassau Street, on the site of the present Sub-Treasury building. In front of the building was the cage for criminals, stocks and whipping-post. When independence was declared, this building was converted into a capitol and was called Federal Hall. The Declaration of Independence was read from the steps in 1776. President Washington was inaugurated there in 1789. The wide strip of pavement on the west side of Nassau Street at Wall Street bears evidence of the former existence of Federal Hall. The latter extended across to the western house line of the present Nassau Street, and so closed the thoroughfare that a passage-way led around the building to Nassau Street. When the Sub-Treasury was built in 1836, on the site of Federal Hall, Nassau Street was opened to Wall, and the little passage-way was left to form the wide pavement of to-day.