New-York tribune., 1876-09-30
A NEW SAYINGS BANK BUILDING.
DESCRIPTION or THE UNION DIME SAVINGS BANKi
NKW EDIRICE.

DESCRIPTION OF JHE UNlON Dlnh oA'i+Nu0 DFA''A -
ERw EDIFICE
The Union Dime Savings Bank, which has
been doing business for many years in Canalst near
West Broadway Ia now constructing largo and cOmmo-
dious building at the Junction Of broadway sixthaye,
and Thrty-secondst., which, when completed, VIII DO
an ornament TO the upper part Of the city The present
oces of tho Institution are n neiSh6ST9ooa saa
are taking the place OF dwellings. For the convenience
OF deposors and at the request Of many was consla
cred wise TO moro central situation The place
selected for the building. IL s Thoughts wiz ptopa
bly, to be the most eligible point for tho mass OF ne
population for many years TO Tha present period
OF business depression and the stasnaton in trade
ERECTION Of the new odiace since was begun the price
OF labor has fallen so per cent the cost OF iron ~ per
about onethird q their former vaue Tho marble OF
which the whole exterior is oomposed Is brought roin
given free save only the expense freight and the cost
OF quarug The cost OF the building thus far mas Deen
sSHa SnS T5s gu9es 1Gss are ssS ro be
very small IN comparison VITO the cost OF oIee large
buildings Shch were erected when trade was In more
The structure faces on the large square between
p~Sranee "I T has front OF 100 feet on the and
extends 40 feet Broadway and Sixthave. Every ef
ePn IDEAS Of building would allow Tie whole exterior
Ia composed OF Westchester marble, handsomely
adorned with scroll.work There are also seventeen
large pillars of polished Noya-scota stone placed on
the three sides OF the building which lend grace ana
expensive have been purchased for less than $4,000
Tie interior Of tho building has iron beams and columns
throughout The floors filed In with brick between
the beams The roof il composed Of iron, and is ed ~
with asbestos so 20 make as nre-prOOl
as possible There are fve floors and base
ment The basement viii DO divided INTO four
apartments, which will be rented 70 Insurance
companies. Already there have been largo rentals OF
Iered for some OF these apartments Tho ground nOor
will be occupied by ths bank. The four romalblBS
floors win be divided into TWO suites OF rooms elcl
They will be provided with hot and cold water, path-
tuba gas and all the modern Improvements that nave
been introduced into buildings recently ereoted oho
suite OF rooms will be devoted To the use o! the trustees
OF the bank, ard the remaining seven VIII De rented
Tue loca ion being central and desirable It shOught
that large income will DO realized from the rentals
The building IS being rapidly pushed toward e0mRetoh
and II IL expected that tue bankngroom VIII be nnisheh
some time In ID esmber and will be occupied by Jan. l.
1877 Tho remaining portion Of the structure VIII be
completed by May L. The architect IL stephen D.
Hatch whoIo edce has been erected under the per
soDal Nj Haine the President OF tbe BANK
The bank inas been in existence for seventeen years
and has bcen carefully and successfully managed from
s organization. At no tine has 1t ever awarded less
than six per cent the depositOrs and The diV
dend has sometimes reached cent Al the pres
eut tune its business is gradually increasing, ana from
january 10 Jay OF the present able 10 pay a
expenses and place 900 10 she surplus account All
the money Is invested In the best securities mainly
United States and NewYOrk City bonds and mortgages
on improved real estate all OF which may DC cOnYertea
into cash very short notice No railroad or town
bonds whatever arc held The following table shows the
lssets aud llabi idDs OF the bank On April 2S lSI0;