The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-04-23
BRIEF, But
IMPRESSIVE
Ceremonies Incident to Open
ing Stock Exchange.
A BEAUTIFUL BUILDING
It Presents Striking Appearance With
Its Massive and Beautifully Carved
Stone Pillars and Decorations.
Interior Well Arranged.
A BEAUTIFUL BUILDING
(By Associated Press.)

(By ABbOC1Rted PreSe.)
NEW. YORK. April 22.-The members
Of the New York Stock Exchange aban-
doned business to-day and devoted them
selves to the ceremonies incident to the
dedication OF their handsome new build
ing. Thse ceremonies were brief but
impressive.
After prayer by the Rev. DR.. Morgan
Dix, Of Trinity Church, Ransome III.
Thomas. chairman of the building com
mittec. formally handed the new building
over to Donald Mckay, president Of the
New York Stock Building Association.
who in turn formally presented it to Ru-
dolph Keppler, president Of the Elk
change. for the use of the members.
In accepting the building, Mr.. Kepper
said:
..It is hardly necessary here to allude
to the ever-increasing Importance and
growth Of our institution: It's purposes
are SO closely interviewer with the very
life blood of the many-sidcd activities
and interests Of the people, both in the
business world and outside of it. that the
facilities afforded by the New York
Stock Exchange may we'll be called a
public necessity.
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 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 institu-
ton The members Of the Consolidated
Exchange sent their well wishes. with a
large floral piece con tainng 500 Ameri-
can beauty roses.
BEAUTIFUL BUILDING.
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. The brokerage
Offices In the financial district were
closed and flags floated from every flag
staff in honor of the event.
The new building. which looks small
beside the tall sky-scrapers by which 1t
is surrounded, presents striking ab-
pcarance with Its massive and beautl-
fully carved stone pillars and decorl-
tons. The Interior had been arranged
looking to the comfort In every way
possible of the members. An impregna-
BILE 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 decorated. The
building, which fronts on Broad Street.
runs through to New Street, with an
opening In Wall Street. as In old build
ing In the construction, 1t was found
necessary to go forty-two feet below the
level of Broad Street. Safes are ar
ranged in the vaults for safe deposit COM
ranies. The building will be heated in
the winter by a flow of warm air. In
summer the coolest spot in the city out
side of a cold-storage warehouse will be
the Stock Exchange.
The main board room, In which the
trading Is done, Is 144x100 feet, and Is
74h feet to the ceiling. Into this will
go fresh air at the rate OF 100. 100000 cubic
feet a minute. while exhaust pipes Will
draw off the foul air. The luncheon club.
secretaries offices and other offices con-
nected with the Exchange. are on the
floors above.
The members saw these for the first
time to-day, as the building committee
saw to 1t that no inspection of the build
Ing was made by members before every
ting was ready to-day.