New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-24
4 NEW BANK BUILDING.

ING HAND;OME STRUCTURE.
The foundations are being laid at the northeast
corner Of Pcrrcpont and Clinton SITS. for the finest
business structure in the city 1t will not be so tall
rs the new Office building of the Franklin Trust Com
pany. a block further along Clinton-st, or as the
Real Estate Exchange building, the rear Of which
abuts on Piemcpont-st. few doors away. or as
sive the great Arbuckle Building in Fultons',
and it will not have 50 imposing dome rs the
Williamsburg savings Bank possesses. nor viii it cover
so much ground some other business buildings OF
the city. But elegance OF design. adaptation to use
and costlnesS the structure about 10 rise Will be I'M
surpas in the city. 1t will be the home OF the
brooklyn Savings Bank, the Oldest Institution OF It's
kind In the city, with resources OF more than twenty
five millions of dollars. The building Is to cost
a quarter OF million Of dollars. and it will take nearly
two years to build It. The bank has been established
for nearly half century At Concord and Fulton ss'
but the exigencice Of Bridge travel are such that
part Of its present building must be sacrificed In tho
making of Il new avenue of approach to the great
East River highway. 1t found TO be Impossible
to continue business at the old stand. so new site
was sought Thi, was found where the First Baptist
Church stood and purchased for S2OO'ooo ana the
church structure demolished 10 make way Tor a
banking building to cost 100000.
The Brooklyn Savings bonk was organized on
April : 1927 seven years before the village was In
corporated rs a city. business was begun In the
basement Of the Apprentices Library building, at
Cranberry and Henry sis. where the Po~toihce ana
the headquarters Of the village trustees were Is
tablI,hcd and which the only public building OF
the day in Brooklyn. In lsi7 the building at Con
cord and Fulton stS. erected, and II was en-
larged 70 double It's former size IN 1852. 1t Is II
handsome structure OF brOwnstone. The first prcsi-
dent OF the bank was Adrian Van sinderen, and he
was succeeded by David stanford. In le41 Hosea
Webster became president and served In that capacity
until his death In Iee3 at the age OF ninety-four lie
saw the deposits Increase from sl9l 900 to 80
100000 and the surplus swell from $1,000 to
to 81 600 900. Henry r. Morgan has been the plcsl
dent since Mr. webster's death. At the beginning Of
this year the total resources amounted 10 S2D,2j5,-
Go OF which 1924. 16563 due depositors, and the
surplus was $5.l42,o47. There was 53.1l3 accounts
There is only larger savings bank In the city,
tho Williamsburg
The ground to be occupied by the new building was
first taken for church uses In 1s4O when the East
Bautist Church was organized and structure erected.
1t later became the Herrepont street Baptist Church.
and when the old First Church In NasSaust. con
soldated with It IL became the First Church In Pierre
pontgt In 1877 the line building Just demolished
was erected at cost Of $4,000. Many public meet
ings, lectures aud concerts took place Ia H.
The new bank building viii be a handsome struc-
ture Of light gray granite with pyramidal roof. 1t
wall be occupied solely by the bank itself and Will be
about eighty feet in height % Tho cOrioe Three OF
dero OF architecture will be united In IT, The entire
effect will be classical, the base being Doc. the cen
trail portion Ionic. and the upper part COrlnthan.
There will b. red tie covering the roof and The
porche, over the entrance The main entrance Will
be upon the PierrepOn->t. side, beneath recessed
arch over which the maine Of the bank Will u
carved In the portal.
The height Of The arch l. - feet and the entrance
will be - feet wide Massive columns Of polished
granite will support the arch with great pers al the
end. At the corners OF the front under the caves
will be the dates "1r27' and "l5J2.' great
window fills a part II the ClintOn-st SIDE. running
nearly to the roof. ard there win BE- COURTYARD u
feet wide. The interior Of the building will b.
cuped by the banking hail. 10 feet deep and %
feet wide. with the ceiling % feet from IN" moor
The roof Will be- supported Nv eight Ionic columns
Of pOlirhed marble. and the walls VIII be Ianr"d ~
ONYX marble 20 feet from The floor ,hNlight
wil be window. on three sd'-. The president ana
secretary Will have offices al tie southwestern cor
per Of The front. and the opposite corner VIII be
the Office, Of the liu,tecs. In the centre OF inc
building m"zzauine door Will afford pace for tor
~. Of records. and such q, the cHipltfe>
need Tie vaults Will be secure and Of the bet
modern pattern. The plans hay" been drawn DN
Frank Freeman. dud were accepted ont Of eighteen
st, submitted hy the bcSt-knOwn architects 81 me
country Nj Freeman designed Ia" N0ntaut CuD
House the Thomas Jefferson the G'rmania Cnb
Iioise and other Wci-knOpn building In tr aty
The officers Of the hank beside President Morgan
are VIC. presidents. Edward d. Whit aud Henry
IT, sheldon. cashier Felix r. Fhudrriu. controller.
ward d. White. Henry X. sheldon. Abraham -: Bay
liz van H. smith. Alexander ioi1nan. f.. II.
LltchGcld Frank Lyman Edwin f. knowltJn. Henry
F. PleirepDnt, EAa> Lcwi~. IT.. Lyman X. Greene.
". &. Low. Il. l. Ehward-. y II kiddrr fI1nhnh
+ Tayor Crowcl MADDEN. Edward Goodwin. ID. e.,
Legcett w. l.. ogden John r. llai,tcd ". \. kcal.
G. r Dixon d. F. Lewis. ". V. X. smith and W.
d. Bancker.