The Grenada sentinel., 1903-04-25
n THEIR N|f QUARTERS.
New York Stock Brokers Devote q
Day to the Dedication Of
Their New Home.


- = --.&.s'
Hhe bsilding In = Beautiful One,
8 Fitted with Every Modern Appli-
ance for the Comfort of Those
Who Occupy Ii and the Safety os
Deposited Securities.
New York, April 22-The members
OF the New York. Stock exchange
abandoned business, Wednesday, and
uevoted themselves to the ceremonies
incident to the dedication of their
handsome new building. The cere-
monies were brief and impressive.
After prayer by Rev. Morgan Dix Of
trinity church, Ransom III. Thomas,
chairman of the building committee,
formally handed the new building
over to Donald Mckay, president of
the New York Stock Exchange Build
ing association, who in turn formally
presented it to Rudolph Keppler,
president of the exchange, for the use
of the members, who accepted it in a
brief speech.
The Members and Their Guests.
An address by Mayor Low in behalf
of the citizens and invited guests fol-
lowed and then the members and
their guests, including many men
prominent in financial and business
circles, were shown through the
building. Among the invited guests
were the president and secretary of
the Consolidated exchange. the New
York Stock exchange thus for the
first time recognizing that institution.
The members of the Consolidated ex-
change sent their well wishes with a
large floral piece containing 500
American Beauty roses. The board
nies were held, was crowded long be-
fore the hour set for the opening, and
the guests were entertained with
music. The brokerage offices in the
district were closed and flags flew
from t!agstaffs in honor of the event.
The New Building.
It is just two years since the work
of tearing down the old building to
make room for the new was COM
menced and during the interim the
members have been accommodated at
the Produce exchange. 1t was expect
ed that the work would be completed
within year, but the difficulties were
greater than the architects and con-
tractors had counted on.
The building, which looks small be-
side the skyscrapers by which 1t IL
surrounded, presents striking ap-
pearance with it's massive and beam
tifully-carved stone pillars and deco
rations. The interior has been ar
ranged looking to the comfort of the
members. An impregnable vault has
been built for the safety of securi-
ties. 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 con-
struction it was found necessary 10
go AZ feet below the level of Broad
street. In the cellar are the vaults
CT safe deposit companies, and the
plants for cooling and heating the
building.
appliances for Comfort.
winter by constant flow of warm
air. In summer the coolest spot in
the city, outside of a cold storage
warehouse. will be the exchange:
which will be kept at low tempera-
ture.
The main board room. in which the
trading is done, is 144x109 feet, and is
-74H feet deep to the ceiling. Into
this will go fresh air at the rate of
100000 cubic feet a minute. while
exhaust pipes will draw off the foul
air.
The luncheon club, secretaries Of
-foos and other Offices connected with
the exchange are on the floors above.
The members saw these for the first
time, as the building committee saw
to it that no inspection of the build
ing was made by members before
everything was ready.
The Steel Deposit Vault.
The steel safe deposit vault in the
basement is 11S feet inches long, 21
feet wide and 8 feet 10H inches high,
the walls being 10 inches thick, and
the total weight, including the 10
yestibules, TIC tons. 1t is carried on
steel beams and columns at height
= of 80 feet inches above the cellar
floor. 1t is inclosed by cold rolled
steel bar partition weighing 40 tons.
the bars being placed four inches
apart and being 1ss inches in diane
ter.
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