The club was established in 1916-1917 by Charles B. Macdonald, in a building designed in the Georgian Revival architectural style by Cross & Cross. In the 1960s, it was "a preferred social gathering spot for America's most powerful chief executives." By 2010, it was still a "preserve of the old banking elite", but not all members were WASPs.
- Frank, Robert (May 15, 2010). "That Bright, Dying Star, the American WASP". The Wall Street Journal. Retrieved January 21, 2016.
- Gray, Christopher (July 16, 2006). "A Notable Block With a Hole in Its Heart". The New York Times. Retrieved January 21, 2016.
- Dolkart, Andrew (1998). Guide to New York City Landmarks. New York: John Wiley & Sons. p. 155. ISBN 9780471182894. OCLC 36922554. Retrieved January 21, 2016.
- Waterhouse, Benjamin C. (2013). Lobbying America: The Politics of Business from Nixon to NAFTA. Princeton, New Jersey: Princeton University Press. pp. 76–77. ISBN 9780691149165. OCLC 867926037. Retrieved January 21, 2016.