New-York tribune., 1902-06-15

James H Manning Charles J. Buchanan. James
3. Lyon and Gerritt Y. Lansing.
ONCE and Assembly Rooms-Frederick W. Ridg
way. chairman; John ". Robe. George Blakes
lee. John Sill and Frederick Griesman.
Entertanment-Ledyard Cogswen. chairman;
Charles H. Turner. joel W Rurdck James W.
Cox and Charles II. Cans.
Membership Committec-Gco7ge D. Eabbitt. chair
man. c. P. Brate Thomas I Van Antwerp.
Frank A. McNamee and s. c. Wooster.
Aggressive work has been done by the Chamber
OF Commerce In the way Of persuading business
concerns to locate In the city The last year, as
the result OF correspondence with directors Of the
American Tobacco Company. one OF its cigar manu-
featuring branches established here and now
two hundred hands are employed in 1t. Another
business concern. also Of Importance has been
6uced to come to the city Successful efforts also
have been put forth 20 induce firms engaged in
business here to remain in Albany and expand
| their business. instead Of removing other
city Manufacturers plainly feeling encour-
aged, for thirty-fve factories that five years ago
employed PTS men employ 1880 In all there
1866 manufacturing concerns in Albany and
they employ about L 3s9 persons who earn O9
yearly.
The value of the product OF the wage earners
yearly. as last learned $24 .992O2l. One of the
reasons given for the rapid development of Albany
is that capitalists OF Albany willing than
they were formerly to make investments in AL
bany itself. There frequent complaints a few
years aep tIat the bankers were too conservative
Now the banking interest itself Is taking the lead
in modifying and beautifying the architecture of
the city. Within the coming year. State-st from
the postoffce at Broadway. to the vicinity of the
Capitol Park will be transformed in appearance
One Of the well known structures of Albany for
years has been the Museum Building at Broadway
and State-st- 1t edihce of four stories, with
mansard roof and with tall pillars OF light col
ored stone For many years the Western Union
Telegraph Company had its Offices in the building
The Museum Building being demolished. and
in it's place there Will be erected a skyscraper OF
ten twelve stories with dome. This
building will be the property of the Albany Trust
Company, Of which John d. Parsons is president
a quarter Of a block distant in Broadway.
The trust company will use the rooms of the
building upon the ground floor. and Will the
upper floors
Another fine building which IS be erected in
State-st.. between Green and South Pearl sts.. is
that of the National Commercial Bank. OF which
Robert c. Pruyn is president The new building
will take the place of large stores. and will
extend TO Norton-st in the The building
will have the appearance of Grecian temple with
four massive pillars Of pink granite upon either side
of its great doorways. and with granite also the
material of its walls. The ARRANGEMENT of the
interior of the bank will be in accordance with
modern standards. The bank will he the sole oc-
cupant of the building.
Another building which IS TO be erected in the
block In State-st- between Green and South Pearl
is that OF the National Savings Bank. which
Simon w Rosendale is president. The National
Savings Bank for years has occupied a building in
State-st, near the corner of James-st. Its quar-
have recently grown too small and. there
fore, building bought upon the opposite side
of the street That building is now being demo-
ished and soon upon it's site VIII be rising the
walls of the bank building The National
Savings Bank alone will occupy the building
There is nearing completion in State-st a
little west of South Pearl-st. still another bank
building that of the Albany City Savings Institu-
ton Of which John z. Walker is president. This /
building is the first of the skyscraper kind |
with the exception of a modern hotel which has |
vet been erected In Albany and 1t has greatly |
changed the appearance of State-st. Twelve stories
In height it has a towerlike appearance The bank |
and a safe deposit company will occupy the rooms
on the first floor. while the upper floors will be |
divided into Offices.
State-st this vicinity. Will be the banking
centre of Albany, for at James and State SITS there
is the Mechanics ahd Farmers Bank. of which |
Dudley Alcott is president. and by on the |
same street is the Union Trust Company, of which