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Building was constructed in 1916–17 to the design of James L.
Aspinwall, of the firm of Renwick, Aspinwall & Tucker, the successor to the architectural practice of the eminent James Renwick, Jr..
In 1880, American Express built a new warehouse behind the Broadway Building at 46 Trinity Place.
The designer is unknown, but it has a façade of brick arches that are reminiscent of pre-skyscraper New York.
American Express became one of the monopolies that President Theodore Roosevelt had the Interstate Commerce Commission (ICC) investigate during his administration.
The interest of the ICC was drawn to its strict control of the railroad express business.
To reflect this, the company purchased the Broadway buildings and site.
Berry introduced the American Express Traveler's Cheque which was launched in 1891 in denominations of , , , and 0.American Express extended its reach nationwide by arranging affiliations with other express companies (including Wells Fargo – the replacement for the two former companies that merged to form American Express), railroads, and steamship companies. Fargo took a trip to Europe and returned frustrated and infuriated.to compete with the United States Post Office's money orders. Despite the fact that he was president of American Express and that he carried with him traditional letters of credit, he found it difficult to obtain cash anywhere except in major cities.Traveler's cheques established American Express as a truly international company.In 1914, at the onset of World War I, American Express in Europe was among the few companies to honor the letters of credit (issued by various banks) held by Americans in Europe, because other financial institutions refused to assist these stranded travelers.