The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-02
new QUARTERS
FOR EXCHANGE
Sam NeWhouSe Will Present
Bulls and Bears With
Grand New Home.
DETAILS NOT DETERMINED
CONSIDERS HE OWES 1T TO MIN
ING INDUSTRY.

The Salt Lake Stock & Mining ex-
change is to have a new home in the
new business district being created by
Samuel Newhouse. From the begrimed,
dark and altogether uninviting quarters
which the institution now occupies it
will, during the next two years, have the
privilege Of moving into palatial quarters,
with its pit, Hobbies and spectators gall
lery, all superbiy finished and decorated
and made to look as bright and light as
the monday sun.
The new quarters will be presented by
Mr.. NewhOuse, and the exchange will he
asked TO occupy them without cost and
forever or during the life of that institu-
ton.
Mr.. Newhouse stated yesterday that he
had not finally determined whether the
proffer would be made in the shape of a
separate building or whether it would
be in the shape OF magnificently APP
pointed quarters in a pretentiOus build
ing that would be devoted 10 other pur-
poses rs well, but he had decided that
the exchange should have a home of
which it might be proud and il would
give him great pleasure to provide it.
1T is something which l feel l owe 10
the mining industry and the brokerage
profession" said Mr.. Newhouse, ''and you
are at liberty to say that l have deter
mined to discharge the debt
While the man VINO has set all Sail
Lake agog during the last twenty-fOUr
hours over his purchase of more than
81 100000 worth of business real estate
and declared intention of spending $500
600 or more in improvements has rot
formulated plans for the exchanges new
home. there is a suspicion that it viii
become feature of the new business
district.
Fancy points to pretentious structure
in which will be located the cali room
with its pit enclosure. its lobby and en-
Z oil gal a a o1
can see and hear all that is going on
Thanking the lobby and gallery, per-
hapS, fancy might also picture suites of Of
flee rooms built and arranged with con-
sheraton for the needs and require
ments OF brokerage firms and members
of the exchange, and these might be
continued up through several floors. Al
would be naturally connected with the
call room and lobby with convenient en-
frances and with all electric devices
such as telephones. telegraph booths. cal
bell stations, etc. so that any patron OF
the building might get into instant touci
with his office or from his office with
the exchange room. Public and genera
means of ingress and esress to the build
ing and the various offices would bC
ample and COW enient and the structure
as a whole would so appeal to every per
son having business connections witt
not and would not for a moment think OF
maintaining offices anywhere else.
Sounds pretty good. don't it??
Mr.. Newhouse has declared he will
give the exchange a permanent home
and as one OF the members of the eX
change stated during the afternoon:
''Why not all get together and make
Mr.. Newhouse proposition to give u!
an office structure in connection will
il that will contain vaults and other con
business and agree TO take them if h'
does it