The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-10
THE HONEY CHANGERS TEMPLE.

Formal Opening or the Board or Brokers'
New Building-The Bulls and Bears ON
. Bust-Thc Wine Cellars In broad
Street Empticd for the Occasion, Sc.
Truly times changed since the worthy burghers Of
New Amsterdam transacted business on Manhattan
Island. The only quotations then In vogue were the
good old maxims OF their ancestors, and those magic
words, "Erie schuylkill, nlinosn which now lift or
sink the heart with hope despair shouted alone
by the painted aborignes on the war path Very diff
ferent from their Stock Exchange under the old
tree In Wall street, where they sat and smoked their
huge meerschaums nodding their indescribable hats
with the utmost gravity in transacting business
Long and carefully each bargain cogitated
and dwelt on before It was closed, and bulls and
bears had TO conine themselves to the woods
and prairies In days the Stock Exchange the
uninitiated bedam Of excited people and menagerie
Of bulls and bears, all fighting and clamoring in ihe
most admirable confusion
And above the Babel Of sounds may be heard the cease
less 'clck," Acck" Of the telegraph flashing quota
tons, joy, misery poverty, wealth, all over the
land Frequently excited broker telegraphs
to Baltimore, Philadelphia or Boston 70 one Of
his customers, ''sen 1000 Reading at =; good Ave
minutes;' and at the end Of the five minutes
the answer Is clicked "Have sold 1 200 Reading at -
The Temple OF Mammon down town would puzzle
Hindoo or Feejee Islander than their hideous
rites would Inside the Exchange the "buls and
"bears' engage in deadly combat, the former goring
their advcrsaries with their horns of the orncopa
derl and the latter using tooth and claw efica-
ciously Outside the 'curb stone' men by the hun
dred dancing and yelling In manner that would excite
the envy of the King OF Dahomcys body guard.
The old Stock Exchange at 25 William street proving
insufficient for the demands Of business the Board OF
Brokers removed their headquarters yesterday to the
new building, located at Nos ii and IL Broad street.
This magnificent building was opened yesterday for the
first time for the transaction Of the business Of the Elk
change The ednce Is of white frees,one and fronts
fifty feet Broad street and eightyfour feet on New
street II lis hundred and fifty feet In depth and
four stories in height. The style OF architecture il
the Corinthan aud the marble is OF the purest white.
over the entrance, which is nineteen feet wide, is
beautiful projecting port co, supported by handsome pill
lars twenty inches diameter AT each side of the
trance window seven feet six inches wide and nineteen
feet high.
On the first floor there is largo ROOM which extends
from Broad street TO New This is marble -foored,
and finished In very rich although simple style.
wide staircase leads TO the second story in the Of
which is in which the business Of the board will
henccforward be transacted. This very hand
someIy furnished with about three hundred black walnut
upholstered chairs with black walnut rostrum and
large table of the material The floor is made OF
oak and black walnut strips Eight large windows afford
ample light The room ny four by seventy i've feet
and Is thirty. four feet in height
On the upper floor there various rooms intended
for committee meengs-there being in addition TO the
principal business about dozen apartments, all
OF which will be devoted 20 the uses Of the board.
In the cellar there is a vault for the deposit Of sccur
ties This hundred feet long and thirty feet IN
width II contains large number Of safes arranged Ia
tiers four in number This vault s constructed Of great
blocks Of frecstone lined with Franknite iron and il
inaid with steel plates rendering IL absolutely burglar
proof and hre-pro0f.
With the most improved tools used in cutting stone
this immense safe in twenty hours Each broker
will be charged yearly rent for the privilege OF deposit
Ing his bonds, stocks and other securities. II liz
RsSs m IRe! handsome revenue will be derived from
The building rs nrc-proof throughout, and will BIO
heated BY steam. II estimated that when completed
tho building will cost nearly three quarters OF million
OF dollars.
The first floor will not be occupied by the open board
II is a large and magnificent structure but great
deal Of room is wasted and the arrangements do not
come up to the expectations of the brokers' The lower
hail. which will probably be open to the public at some
fixed price, certainly very fine and really the best Of
the whole affair. The room for the meetings Of the
Board will have to be draped the vibration Is too
great to hear anything The building was opened in
morning for the transaction OF business an immense
crowd OF visitors being present 70 admire the model
Exchange OF the New World In the street various and
ndicrQuS were the criticisms and remarks OF the great
unWashed who lounged azy against the lamp posts and
unmnda q the ~ Injunction hn 70 move
be some antcdiuvian fossil, 50 wre'ched
and BECOME was his appearance, drawled
out to his coasre atthe adjoining lamp post "say Pete
mcnagerc?n To which the other replied, 'Why, Jim,
it's the easiest thing in the world when you know how
u
grinders, and for the bulls I'd send the Finmacouans
among them TO teach them what a ball should be- If
they got cantankerous on my hands Id take them by
the horns. Come. les take drink The philosopher
and his friend wendell their towards the East river
whether TO imbibe the cooling the nery alco-
ho in the grog shops along south street history doth not
relate
The members Of the board in the board yes
terdV afternoon three O'clock when the formal open
ing Of the Exchange took place Several neat and ap
proprate addresses made by some Of the members
They Nhied away portion or the time in singing until
the great feature OF the occason--the banquet-was
being prepared in the large banquet Thher they
adjourned and partook OF princoly collation. Mr.
Robert L. Cutting, President and Mr.. George II.
Brodhead, Secretary, did the honors In the most
approved style The wine cellars in Broad street land
their Is lcgionl seemed TO bcsconpetely ompted
for the OCCASION aud the usual hobnobblng and inco
hcrent protestations OF eternal friendship took place
After n short time the oaninlcs' began grow playful
and frisky and knock each others hats tho eyes
with their paws. At parting the OF unre-
strained mrth and jolity There bear attempting
to balance himself his hind legs, and huggng IN hts
embrace an natured bull who made futile efforts TO
poke out his eyes with hs horns In the opposite end
Of the bull might be In position such as
matadore never dreamed Of coiled up O chair below
ing forth at intervals, soto
1--WE won't go home until morning.
One enthusiastic gentleman proposed the success and
prosperity OF the two Stock Exchanges but he
promptly pulled down 10 his seat.
Outside the building were the tombstone" men look
ing up the windows with tears in their eyes listening
each burst Of Bacchanalan melody with aching hearts
and parched lips II Is hardly probable that the
bers OF the New York Stock Exchange win soon forget
the opening OF their magnificent building.