The Minneapolis journal., 1906-07-08

spring and the fresh, cool air is invig-
Grating as it rushes in unbroken volume
over the tops of other structures below.
"f I could have an office on this
foor,' said an old and esteemed pro-
fessional citizen Of Minneapolis, as he
sSonfd II I've 'fe His sssxs
was undoubtedly correct, as the view
from the window is unconfned and the
A certainses du corps of purpose
and method Of its expression is evident
among the tenantry, Of this new build
new. fresh and perfect atmosphere Of :
the building, and it has brought up the :
tone Of business generally. Each one
takes a pride in his new business resi-
dence and the reactive effect is proving
to be amazing. ~
Bank Is Convenient. -
The principal tenant Of the new
building is the Security bank, which
has leased for twenty years large pro-
| portion Of the ground floor space. The
| name of the bank has rightly been Civ
| en- to the building. as without It's lease
Of such an extensive space the enter
The Security bank has adopted
method somewhat different from that
of competitors, who have been going
into new quarters lately. Three OF
them have put up exclusive bank struc-
lures. The income from rented space in
either Of them is inconsequential, aside
| from the rent from allied businesses. In
short the new bank buildings are prac-
| tically exclusively for the use Of the
| owners. Whatever the argument may
be for or against this decision of boards
Of directors the Security has adopted.
the plan of entering ten-story Office
building, thus making a strong bid
for the accounts Of tenant firms on the
ground Of general convenience.
| The cost Of the Security Bank build
ing is set at $750,O0O. It was first de-
cided to make it eight stories at half
million, and then this was increased
to ten stories at practically $3.50, ,0o0..
If, however, the magnificent equip
ment of the Security bank rooms were
| be increased materially.
Offices In Demand.
Altho the Security Bank building is
practically rented, SO far as the stage
Of construction will permit, with scores
Of applicants turned away before the
| work was begun, much doubt was ex-a
pressed as to the success of the enter
prise by citizens in general. Only
two years ago the determination of the
settled office and business building
street, had an uncertain future in the
eyes Of business men. William Deer
ing had put up building and owned
another site on the street. The corner
of Fourth and Second had long been
occupied by a passe mansion, returns
ing only a few dollars toward the ex-
4- 80. 10 har
now to look back eighteen months and
grasp the con- lition of mind of peo-
Die who thought the building at such
a remote corner would be failure.
The Security bank, as well as Mr..
Eggleston, for the owner, had their
convictions and the courage to express
them. Despite the forebodings Of dis
interested persons the burden was as
, sumed and by the erection of this
building and its occupancy by a strong
financial institution has really an.
chored business for this center and it's
future is assured. A certain debt is
laid on the city for the expressed con-
ant. They were both pioneers in a cef-
tain way in going south of First ave-
nue..
! Beside the choice of competent
! architects in the firm Of F. B. & l.. i.
) Long, and the selection of C. F. Hag-
8 lin as contractor, the management Of
> the new building appointed clerk Of
works, who watched carefully the de-
velopment of the plans in the structure,
: and an engineering expert to watch the
4 electric installation as well as that OF
t the power to operate the elevator MAJ
i. chinery, etc.
In the choice of location for the Sc
curity Bank building, in the expendi-
8 ture for each square foot of rentable
e space, and the selection of materials
v and Of design for the building, a new
e mark was set and new pace was
: made for builders of Minneapolis.