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Alexander Hamilton Hotel Company (Paterson, New Jersey)

$25.00

SKU: 7434
Product Details

Beautifully engraved antique stock certificate from the Alexander Hamilton Hotel Company dating back to the 1920's. This document, which is signed by the company President and Treasurer, was printed by W. N. Perrin & Company and measures approximately 12 3/4" (w) by 9" (h). 

 

This certificate's vignette features a bust of Alexander Hamilton.

You will receive the exact certificate pictured.

Historical Context

Built in 1930, the 170-room hotel was a natural magnet for the rich and powerful, a handsome eight-story brick building just two blocks from City Hall and surrounded by cigar and fedora stores and the famed Fabian Theater.

It was only natural that the hotel was where the Passaic County returns would be tallied on Election Night. The Democrats would gather in the downstairs ballroom, the Republicans in the upstairs one.

Around 1950, the hotel was perhaps the best in North Jersey -- an institution associated with elegance and power, a place where high-society wedding receptions were held in the Main Ballroom and political deals were cut in the Hamilton Bar.

But as the city declined in the next decade, so did the hotel. Factories closed because of labor unrest and high costs, the well-to-do fled to the suburbs, crime and unemployment rose and the hotel fell into disrepair.

A 1983 fire at the hotel killed 15 people. The ballrooms were stacked to the ceiling with mattresses. Garbage was everywhere and there was a stench of sewage.

 

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