The Van Buren press., 1903-04-25
N THEIR N[N QUARTERS.
New York Stock Brokers Devote a
Day to the Dedication of
Their New Home.
BRIEF BUT IMPRESSIVE CEREMONIES.
The Building is Beautiful One,
Fitted With Every Modern Appli-
ance for the Comfort of Those
Who Occupy II and the safety of
Deposited Securities

New Ork, Aprll 23.-Ihp members
of the New York Stock exchange
abandoned business. Wednesday, and
devoted 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 II. 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
room, where the dedicatory ceremo-
MES 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 New
from flagstatfs in honor of the event.
The New Building.
VI is just two years since the work
of tearing down the old building 10
make room for the new was com
menced and during the interim the
members have been accommodated NJ
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 IS
surrounded presents striking APP
pearance with its massive and beau
tfully-caryed stone pillars and deco
rations. The interior has been ar
ranged looking to the comfort OF the
members. An impregnable vault mas
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
ms in the old building, In the con
struction it was found necessary to
20 a. feet below the level of Broad
street In the cellar are the vaults
of safe deposit companies, and the
plants for cooling and heating the
building,
Appliances for Comfort.
The members will be warmed in
winter by u constant flow of warm
air In summer the coolest spot In
the city, outside 'of cold storage
warehouse, will be the exchange,
which will be kept at low tempera'
turc.
The main board room, in which the
trading Is done, is liiNlOo feet, ana IL
74% feet deep to the ceiling into
this win go fresh air at the rate OF
~ 900 900 cubic feet minute, while
exhaust pipes win draw OIL the foul
air,
The luncheon club, secretaries Of
fees and other offices connected with
,he exchange are ON the floors above,
The members san these for the FIRST
time. ns the building committee saw
20 IL 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 liS feet Inches long, II
feet wide and feet i0R inches high,
the walls being 10 inches thick, and
the total weight, including the 40,
ycstibules, 776 tons, II Is carried on
steel beams and columns ut n height
Of 33 feet inches above the cellar
Aoor. It IL inclosed by n cold rolled
steel bar partition weighing 40 tons,
the bars being placed four inches
apart and being "a inches In diane
ter,
u..aaaaaaH
A VETERAN STEAMBOAT MAN.