Southern standard. [volume] (Columbus, Miss.) 1851-1856, 1853-06-11

State Militia. A large flag staff will be erected |
on the centre of it, by of which. telegraph
lie communications can be sustained with the prin-
opal arsenal uptown.
Chapt. XIV.
The first notice we have of an Exchange. was
brick edfce, built on arches, across the foot of
Broad street, in a line with Water street
In the year 1852, an Exchange was built at the
lower end of Wall street. on the west side, at or
near the intersection of Pearl street. The ex
penscs principally betrayed by the private
subscription Of John Watts and other Merchants.
The Corporation granted one hundred pounds to-
wards the same In April 1894, this edfce was
TONED into IA Market place, and in March, 1899,
it was ordered to be taken down.
Since the year 1890. the Merchants of New
York have occupied but three buildings for the
general purpose 0 an Exchange, all Of which
were built on Wall street.
The first was the old Tontine Coffee House,
standing on the corner of Water and Wall streets.
1t was erected BY the Merchants at a cost of $780,
600, raised on the principal of Ton;inc-ihat is,
Of shares held the life of individual. Whe..-
ever death shall have reduced the number OF
original names to three, those owning shares
the names of these susvi urs take the whole prop
erly. Ii was CONNIE nc in 1892. upon spo;
formerly occupied by Coffee house, open, by
Mr. Smith during the Revolutionary War, and
much frequented by the British Officers. This
building was occupied by the Merchants during
period of thirty seven years, after which they
moved to the new Merchants Exchange, noble
edfce erected for their accommodation, at an ex-
pense of $9500O0 The Merchants Exchange
Company by whom it erected was incorpo-
rated by act of the Legislature, dated January
28th, 1923. with capital stock of One Million of
Dollars, divided into shares of One Hundred Dol
lars each. This superb structure occupied part
of the ground which the present Exchange
stands. 1t was commenced in April 1926. and
finished in July 1927, and destroyed in the great
confagration of December I6th 1885.
The front on Wall street was 1874 feet, and the
width $50. 1t was two stories high with deep
basement and an attic The material used in its
construction was marble obtained from the quar-
ries in Westchester for the front eevation-less
costly materials having been used for the rear
The style of architecture adopted was Ionic. and
the model the temple of Minerva Polias. at Pliene.
Ionia. It's imposing front presented recessed
portico, in an elliptical form, fnrty feet wide.
screen of four large columns. and two antee, ex-
tended across the front. The height of the col
umns was thirty four feet and their diameter three
feet four lnches--each being formed of single
block of marble. Above the entablature support
ed by these columns, and in part resting upon it
was the attic. The height of the whole was about
sixty feet On each SIDE of the portico was al
entrance leading through the basement to Elk
change street, one occupied by the Post Office
and the other by offices aud f,clorieS. The as
cent from Wall street to the great of til,
Exchange, where merchants and business men as
+ sembled for the various objects of trade was by
twelve broad marble steps, with pedestal at eacl
end. From the portco, two doors led into th
room; two others, one ON either hand, led t,
rooms appropriated to various Offices. and turtle
. to the right, stairs assembled from the bast ment Il
. the attic: and thence to the cupalo, which sur
mounted the edlfce. sixty feet in height. TIL
!. cupalo chiefly for Geographic communication
O by signals. with The narrows, distance of eigh
:. miles. The spacious and beautiful exchange room
4 was ellipticaI, in the centre of the building; ii
transverse axis being eighty five feet i'll length
IS and its conjugate forty FIVE, and The height tort
4 tive, with handsome dome suImounling 1t, sup
! ported by two chaste Corinthian columns at eac
IN wing.
). The chief ornament of this room was statu
: of Alexand,r Hamilton, chselled from a soil
block of White Italian Marble weighing nine ton
The artist Mr.. Ball Hughes employed abo,
ic two years in completing it. 1t stood in the cent?
/. of the Rotunda or grea; room. 1t was erecte
"a by the merchants at cost of near $4,000. II
b. great FIRE of December l6.h, 1885, destroyed th
Exchange. and with it tire Hamilton statue.
Y, The Merchants Exchange that now is. great
exceeds the former in its magnitude, its arch
tectural proportions. its convenient arrangement
All and it's costluess. It is indeed a magniice
structure, not much, If at all surpassed by AT
it other in country, built in the most substanti
he manner, of beautiful blue granite. from the qua
mt rics Of Quincy in Massachusetts. It's loca,io
ne the site of the preceding Exchange, is perhaI
Its the very best that could have been selected 1t
o. nearly in the centre of the vast commercial bu
en- ness of the City of New York,-on the south ST
ch of Wall street. not far from the middle of it,
Mt street celebrated throughout the world as the sire
ue of insurance Offices, of brokers of every name.
'or banks and bankers. 1t stands on ground boun