was known as the "Wall Street of the South." Because of the Port of Galveston's enormous vessel traffic (between 700 and 1,400 vessels annually), the Strand became a popular place for major businesses to locate, including the state's five largest banks at the time, wholesalers, commission merchants, cotton brokers, attorneys and slave auctioneers. In 1881, businesses in the Strand district sold about US$38 million worth of merchandise and services. Between 1838 and 1842, 18 newspapers were started; The Galveston News, founded in 1842, is the lone survivor. Because of the Strand's close proximity to Galveston's harbor, the area suffered some damage during several battles during the Civil War, particularly when Union forces barricaded the city. During the Battle of Galveston, Confederate forces fought from every corner of the area; several buildings suffered damage from shots and shelling. The battles forced many businesses to close and move to nearby Houston until the war's end. But most moved back into their regular quarters and enjoyed prosperity until the turn of the next century. The Galveston hurricane of 1900 was devastating to much of the city, and the Strand district was no exception. Many of its buildings suffered catastrophic damage — some buildings lost entire floors, others lost elaborate cornices and flourishes. Many businesses elected to move away from the wharf and, by default, away from the Strand. The area became a warehouse district, and was not revived until the 1960s when the Junior League of Galveston County restored two buildings. That restoration effort sparked a revitalization project that is still ongoing. In 1973 the Galveston Historical Foundation followed suit, creating a trust fund for dramatic restorations of the Strand district that has sparked significant private investment as well. Present day Today the Strand features shops, historical exhibits, museums, art galleries and many restaurants and night clubs. It is also the location of a very popular annual Mardi Gras celebration, as well as a Christmas festival known as Dickens on the Strand, which celebrates the city's Victorian heritage with participants roaming the Strand in period dress. Attractions within the area include The Galveston County Museum, the Galveston Railroad Museum, Victorian architecture, horse and carriage rides, historical markers, an old fashioned trolley for transportation, and a giant chess set in Saengerfest Park. The historic district also contains a variety of retailers, including clothing, factory outlets, souvenir shops, art galleries, antique galleries. On the outer