In 1862, he was located on the main business block on State Street between South Church and South Ferry. It wasn’t until the turn of the century that the downtown we know, between the filled-in canal at Erie Boulevard and Crescent Park, began to form.
At the time of this ad, James Walker was near the end of his run. In the 1870 census, he was listed as a 61-year-old retired merchant, living with wife Mary, with real estate worth $40,000, and another $40,000 in personal estate. (Depending on how you calculate it, that might be a comfortable $8 million to $18 million today.)