The ground was sixty by sixty-two feet,
and I had to pay for it thirty-two thousand dollars. I then made a
contract with the builders, Keyser, & Brown, to erect a three-story
brick building, with finished basement, for about fifty thousand
dollars. This made eighty-two thousand instead of fifty thousand
dollars, but I thought Mr. Lucas could stand it and would approve,
which he did, though it resulted in loss to him. After the civil
war, he told me he had sold the building for forty thousand
dollars, about half its cost, but luckily gold was then at 250, so
that he could use the forty thousand dollars gold as the equivalent
of one hundred thousand dollars currency. The building was
erected; I gave it my personal supervision, and it was strongly and
thoroughly built, for I saw it two years ago, when several
earthquakes had made no impression on it; still, the choice of site
was unfortunate, for the city drifted in the opposite direction,
viz., toward Market Street. I then thought that all the heavy
business would remain toward the foot of Broadway and Jackson
Street, because there were the deepest water and best wharves, but
in this I made a mistake. Nevertheless, in the spring of 1854, the
new bank was finished, and we removed to it, paying rents
thereafter to our Mr.
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