THE COVER

The old subtreasury building at Wall and Broad Streets in New York City, shown on the cover by Samuel O. Smart, was set aside last April as a National Historic Site. The present structure, itself more than a century old, occupies the site of Federal Hall which served for five years as a meeting place for Congress, George Washington, in 1789, took the oath there as first President, and the balcony slab on which he stood during the inauguration is preserved in the present building. Much of the original foundation, laid in 1699, remains intact today.