Business & Finance: Old Factors

Revered in the frugal offices of James Talcott, Inc. at No. 225 Fourth Avenue, in the heart of Manhattan's mercantile district, is the old desk of the Connecticut Yankee who founded the famed factoring firm in 1854. On the desk is a richly-bound volume of letters written on the occasion of the firm's 80th anniversary by the nation's great. Visitors are allowed to thumb through the volume and, if themselves distinguished, are occasionally invited to sit in the Founder's own chair. Generations of dead Talcotts gaze from their portraits on the walls of...

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