The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-12
MORGAN & CO. NOW
IN FINE NEW BUILDING
First Day in Magnificent Mar
BILE Structure Has Air Of
a Reception.

The nrn OF J l. Morgan & CO. opened
for business yesterday at its new build
ing at the corner of Wall and Broad
streets The task OF transf, rrlng the
office forces and equipment from the tenn
porary quarters in The Mills Building has
been going on for some time This WAS
completed yesterday. and for the firs' time
the firms banking business was conducted
wholly in the magnlficen. new structure.
The event made quite an impression on
the financial district. All day long sort
OF Informal reception was held by the
members of the firm. There was n steady
stream OF visitors 20 view the building
Bankers. local and from out OF town rail-
road men and business men kept ar
irving throughout business hours 10 offer
their congratulations A large number Of
Moral offerings sent TO commemorate the
occasion were banked up directly under
meath a large portrait OF the late J. p.
Morgan, formerly in the Metropolitan
Museum and now in Mr. Morgan's private
office.
The firm has the exclusive use OF the
new building. II replaces the Old DreXel
Building. erected in 1872. and for so many
years he home OF the Morgan firm The
building stands on plot valued Mt sI,-
00n. 900 and represents cost ms whole
including the site estimated at $1,000, 900.
The new building Ia only four stories
high. with three cellars, one on ton "
the ground floor are equal 10 two stories
in height. The facade liz Of Tennessee
marble. The marble walls are three feet
thick. Tho foundation walls are seven
fee, thick.
Vastly impressive as the building is
from the outside the Interior Is even mora
50. The big banking room occupying the
main floor contains $1,000 square feet OF
space. The interior decorations are Sc
verely plain but mogn hcent the prin-
cipal feature here being spl- ndld glass
dome in the centre of the ceiling. The
arrangements as regards offices OF mem
bers OF the firm are almost identical with
those OF the older building.
on the other floors there are many
! extraordinary features which make the
new building the last word IN this branch
OF architecture. On the second floor there
is special room for each partner Each
| s furnished according 10 the individual
taste OF Its occupant There are also
| private sleeping apartments both for the
| home and out Of town partners on thu
anne floor are the dining rooms. one for
the partners and the other for the special
USE OF Mr.. Morgan, II he should care
| TO dine alone.
also barber shop with full equipment
| even for manlcuring There Is also a
| splendidly fitted library. On the roof Is
| n partly covered terrace, which may be
used as n summer dining room
! one of the most remarkable features
| OF tho whole establishment = thu safety
vaults. These are the most extraordinary
ever made. They are built into the eel
lars, The size OF these vaults may bt
realized from the fact that the maar
door Is the heaviest ever constructed any
where in the world 1t Weighs thiIty-twC
tons and was made by the Carnegie
steel Company. II Is 3 feet IN diameter
and feet thick, Near the main doc
Of the vault is q smaller door at tn
side by which II IL possible to get AT tn
mechanism OF the main door In case o
emergency. In addition 10 the mair
vault Is a smaller one that may he useC
by the stan when the partners are alb
sent.