Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1903-04-23
NEW YORK STOCK
EXCHANGE DEDICATED
Palatial New Building Ready
For Occupancy.
CEREMONIES WERE IMPRESSIVE
New Edifice Is Formally Presented to
Rudolph Keppler, President of the
New York Stock Exchange.

New York Stock EXCHANGE.
New York, April 22.-The members
of the New York Stock Exchange
abandoned business today to devote
themselves to the ceremonies Incl
dent to the dedication of their hand
some new building.
These ceremonies were brief and i'm
pressiVe. After prayer by the Rev.
Morgan Dix, of Trinity church. Ran
som H. Thomas, chairman of the build
ing committee, formally handed the
new building over to Donald Mckay,
president of the New York Stock Ex-
change Building association, who, in
turn, formally presented it to Rudolph
Keppler, president of the exchange,
for the members. In accepting the
building, Mr.. Keppler made a we'll
timed and appropriate address.
An address by Mayor Low on behalf
OF the citizens and invited guests. fol-
lowed, and then the members and their
guests, including many men Eominent
in financial and business circles, were
shown through the building. Among
the invited guests were the president
and secretary of the Consolidated Elk
change, the New York Stock Exchange
for the first time recognizing that insti-
tuition. The members of the Consoli-
dated Exchange sent their well wish
es with a large floral piece containing
500 American Beauty roses. The board
room, where the dedicatory ceremonies
were held, was crowded long before
the hour set for the opening and the
guests were entertained with music
by bands and Orchestras.
1t is just two years since the
the work of tearing down the
old building to make room for the
new was commenced and during that
time the Stock Exchange members
have been accommodated at the Pro
duce Exchange. 1t was predicted
that the work would be completed
within a year but the difficulties were
greater than the architects and con.
tractors had counted on. The build,
ing, which looks small beside the sky,
scrapers by which it is surrounded.
presents striking appearance with
its massive and beautifully carved
stone pillars and decorations. The in.
terror has been arranged looking to
the comfort, in every way possible.
of the members. An impregnable
vault has been built for the safety of
securities, the heating, cooling and
ventilating arrangements are perfect
and the boards other rooms are large
and tastily decorated.
The building, which fronts on Broad
steret, extends through New street
with an opening on Wall street in the
old building. In the construction it
was necessary to go 40 feet below the
level of Broad street In the cellaf
Of the Exchange are vaults of safe de-
posit companies and the plants for
cooling and heating the building. The
members will be warmed in winter by
a constant flow of warm air. In the
summer the coolest spot in the city
outside of cold storage warehouse
will be the Stock Exchange, which
will be kept at low temperature
The main board room where the
trading is done, is 144x109 feet. and is
IA 1-2 feet to the ceiling. Into this
will go fresh air at the rate of 10000.
900 cubic feet a minute, while ex
haust pipes will draw off the foul air
The luncheon rooms and other offices
connected with the Echange are or
the floors above. The members saw
Ehese for the first time today as the
building committee saw to it that nc
inspection was made by members be
fore everything was ready today.
The steel safe deposit vault in the
basement is 118 feet Z inches long, q
feet wide, and feet. 10 II inches
high, the walls being 10 inches thicl
and the total weight, including the III
ton vestibules. IT'S tons. 1t is carried
on steel beams and columns at J
height of. SO feet, inches above the
cellar floor. It is enclosed by a colo
rolled steel bar partition weighing AZ
tons, the bars being placed 4 inches
apart and being ia inches in dia
meter