Lee, Higginson & Company is established.

Founded by John Clarke Lee and George Higginson, the private brokerage company is located initially at 44 State Street. It invests initially in New England textile mills and railroads, in a Michigan copper mine in 1867,* and according to Mary Caroline Crawford, “The firm’s prestige increased tremendously, following the Boston fire, because their safe deposit vaults had proved of great value to owners of precious securities.” Henry Lee Higginson is made a partner in 1868, and leads investment in the American Telephone and Telegraph Company and General Electric. James Jackson Storrow is made a partner in 1900, and promotes investment in the auto industry and selling bonds to a wider audience. The company moves to 70 Federal Street in 1925. It incurs heavy losses due to a scandal, is reorganized, shrunk, and moves to New York City in 1932.*