The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-04-23
into NEW QUARTERS
NEW YORK STOCK EXCHANGE
WILL SOON MOVE.
NEW BUILDING DEDICATED
MEMBERS ABANDONED BUSINESS
FOR THE EVENT.

Handsome New Building Formally
Handed Over to the President of
the Exchange Building AssOcia-
ton by the Chairman of the
BuiIdinE COmmittee-Was Then
Handed over to the President OF
the Exchange-Descript of the
COmmOdiOus Structure.
New York, April 22.-The members of
the New York Stock Exchange aban-
doned business to-day and devoted
themselves to the ceremonies incident
IN the dedication of their handsome
new building. These ceremonies were
brief, but impressive.
After prayer by Rev. DR.. Morgan
Dix of Trinity Church, Ransom H.
Thomas, chairman of the Building
Committee, formally handed the new
building overato Donald Mckay, presi-
dent of the New York Stock Exchange
Building Association, who in turn for
mally presented it to Rudolph Keppler,
president of the Exchange, for the use
of the members. In accepting the
building, Mr.. Keppler said:
ut is hardly necessary here to al
Jude to the ever increasing Importance
and growth of our institution; its pur-
nose are so closely interviewer with the
very lifeblood of the many-sided activ-
tiles and interests of the people, both
in the business world and outside of
if. that the facilities afforded by the
New York Stock Exchange may well
be called a public necessity
Mayor Low Spoke.
An address by Mayor Low on be-
half of the citizens and invited guests
followed, and then the members and
their guests including many men prom
inent in financial and business circles,
were shown through the building
Among the invited guests were the
president and secretary of the Consol-
idated Exchange, the New York Stock
Exchange thus for the first time recog-
nizihg that institution. The members
of the Consolidated Exchange sent
their we'll wishes with large floral
piece containing 500 American Beauty
roses.
The board room. where the dedica-
tory ceremonies were held was crowded
long before the hour set for the open
with music by bands and orchestras.
The brokerage offices in the financial
district were closed, and flags fioated
from fiagstaffs in honor of the event.
The new building, which looks small
beside the skyscrapers by which it is
surrounded, presents a striking appear
ance, with it's massive and beautifully
carved stone pillars and decorations
The interior has been arranged look
i'm RI no fnrf in
sible of the members. An impregnable
vault has been built for the safety
of securities, the heating, cooling and
ventilating arrangements are perfect
and the board and other rooms are
large, comfortable and prettily deco
rated. 49, ....s
Plan for Members Comfort.
The building. which fronts ON Broad
street, extends. through to New street
with an opening on Wall street, as in
the old building. In the construction
of it, it was found necessary to go
forty-two feet below the level of Broad
street. In the cellar of the exchange
are the vaults of safe deposit COM
panies and the plans for the cooling
and heating of the building.
The members will be warmed in Win
ter by a constant flow of warm air.
In summer the coolest spot in the city,
outside of a cold storage warehouse,
will be the Stock Exchange, which will
be kept at a low temperature.
The main board room, in which the
trading is done, is 144 by 109 feet, and
is 741b feet to the ceiling Into this
will go fresh air at the rate of 12,OOO,-
900 cubic feet a minute, while exhaust
pipes will draw off the foul air.
The Luncheon Club, secretaries Of
fees and other offices connected with
the exchange are on the floors above.
The members saw these for the first
time to-day, as the Building Commit
tee saw to it that no inspection of the
building was made by members before
everything was ready to-day.
RAILWAY ASSOCIATION