Special Dispatch to the New-York Times. TimesMachine is an exclusive ... Austin Sheldon, known as "The Hermit of Lehman," who for a period of over 40 years has made his abode in a deep and dismal ...

On a cold September morning in 1844, a young man from Bavaria stands on a New York dockside dreaming ... 163 years later, the firm they establish—Lehman Brothers—spectacularly collapses ...

Six years after Lehman ... month when Lehman Brothers failed, and brought down much of the financial sector with it, was a rough one for the Federal Reserve Bank of New York.