New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-04-23
CHEMICAL BANK OPENS
First Day of Business IN Ne7o
Building.

The splendid new building Of the Chemical
National Bank, at No. 27O broadway was
opened for business yesterday. and many hun
dred customers and friends of the institution
called in the course of the day to offer their
CONGRATULATIONS to the officers and to inspect
the new structure, which stands on the site OF
the former home of the bank. and which had
been two and half years in building. Many
handsome floral pieces We're received by Presi-
dent William H. Porter and his associates In the
executive management Of the bank.
While the new building has been under con-
struction the business of the bank has been
conducted in offices in the Barclay Building. No.
sos Broadway The task of moving into the
new building has been under way for two weeks.
but the transfer of the books. the cash, about
Sc 600 600 and the securities was not made until
Saturday and Sunday. The front of the struct-
ure in Broadway. is Of granite. but in the IN
terror marble predominates
The architects are Trowbridge &. Liv-
ingston, and the builders. Marc Eidlitz & Sons
The vestibule is of Pavonaz2a marble, and in the
long corridor beyond variegated marbles are
used Above the corridor are four stories of
offices destined solely for bank uses. except
that I'm one of the rooms Mrs. Hetty Green Will
probably establish her headquarters, as she has
for many years had her office in the building of
the Chemical Bank, of which she is one OF tho
largest stockholders and depositors.
The great pillars of the central banking room
are of green Chippolino marble and the walls
and floor also are marble. Eighty-hve feet
above the floor is the dome. Of heavy glass.
from which golden light makes bright the
big room. on the pendentVeS below the dome
are four alegorical figures. Ceres Boreas Helios
and Posedon. IMPLYING the elements and sug-
costing the name of the bank
novel feature Of the new structure Is the
vault which occupies a gore south of the main
hundred tons. and the door Of which weighs
six tons IS is feet high 20 feet wide and 20
feet long 1t rests on massive pillars, nigh
enough enable a Waterman TO walk under
by mirrors set at the rear corners so that the
Waterman, standing in front OF the vault. can
see the space behind IL.
The Chemical National Bank Is Of the
best known banking institutions I'm the United
States. It incorporated in 1S23 the New
York Chemical Manufacturing Company. its
charter allowing IL 10 engage in the manufact-
ure of drugs and chemicals but not 10 do a
banking business. In the following year new
c. arter was obtained. under which the insti-
tuition, which had $JOOOOO capital stock. was
empowered Ito employ the whole capital thereof
excepting the sum OF 100000. In banking opera
lions I'm the city Of New York"
The bank originally stood at No PIG Broad
way, site now occupied by the National Park
Banks build z. and before that by Barnum's
Museum The Chemical National Bank has
owned its present site, ut No. 30 broadway.
since 1919. Ii WAS made national bank In 1865.
William II. Porter has been its president for
four or five years. having succeeded the late
George c. Williams. The vice president Is ] Il
Martindale and the cashier Francis Hapln The
directors. IN addition to the president and vice
president. W. Emlen Roosevelt a D. JUL
lard, George 9. Dewitt. Robert w Goelet
and Frederick W. Stevens.