New-York tribune., 1922-01-08
"King'' Cotton
TO Reign Far
AbOveNewYOrlx
Great Trading Room To Be
Provided on Top of Sky.
scraper To Be Erected on
Old Cotton Exchange Site


King" Cotton is to have new local
Headquarters. He will reign on the
top of skyscrapng building that is
to be erected on the site of the present
home of cotton in this city The old
Cotton Exchange is a landmark of the
lower city. 1t has buffeted the human
tides that have swarmed through and
around Beaver Street, William Street
and Hanover Square for the last thirty
seven years.
Ten years ago the need Of more
spacious, in fact new exchange, was
recognized and movement was start
ed to give king" Cotton the room he
needed number of leading archi-
tects were invited to submit plans, and
those offered by Dom Barber we're ac-
cepted as best by the building COM
mittec. The construction of the build
ing was delayed for various reasons
The war came along and that deferred
the operation few years more.
Changes have been made in the orig
of the zoning restrictions, but in gen
eral disposition and scheme the struc-
ture is the same planned ten years ago.
Trading Room at Top
The building will be twenty -four
| stories high, with the usual setbacks.
1t will be Renaissance in character, in
and more direct elements of Roman
architecture. The building has three
parts, the base consisting of double
pilastered bays over lower plinth
story of granite The effect of the base
is simple and white, insuring maxi
mum of light.
The shaft above the base is Of direct
twin window treatment.
The crown at the top expresses the
trading place of King Cotton. 1t is
indicated by an Ioric colonnade
Ten high-speed elevators will run to
the trading room, located on the nine
teenth floor. 1t is arranged with three
mezzanine levels above and at one side
Of the trading room space. The first
meZzaninc above the trading room will
contain, among other features, bal
cony from which visitors may view the
floor. The second mczzanine will con-
| tain inspectors Offices. laboratory and
a large room to be used as classih-
samnles Of cotton.
The trading room itself occupies
practically the whole space of the plot,
1900 square feet, and is forty-five feet
high. On the floor directly below the
trading floor and connected with it by
ample staircases will be the general
coatrooms, writing rooms, meeting
rooms and large board room.
First Exchange Above Street
The old fashioned conviction that tho
exchange room should be placed at or
near the street ,Ss been cast to the
winds in the proposed Cotton Exchange
Building, and the committee has unan-
imously adopted the idea of having the
exchange room, with all it's Dependent
cies, at the top of the building.
The scheme adopted also is a logical
one from the viewpoint of sane and
economical construction, as the LARGE
space required for exchange purposes
becomes complicated one to arrange
at the base Of Il high building.
The tlrst floor at. or near, the ground
level at Hanover Square, will contain.
in addition to the elevator Hobbies. an
arcade with stores on either side, run
ming through from Hanover Square,
! and two large Office spaces for tele-
graph Offices and several smaller rent
able spaces. Two special broad stair
cases are arranged to connect the
arcade directly with the second story.
which. in all probability. will be oc-
cupied with the third and possibly the
fourth floor, by banking institution.
The fifth to seventeenth floors, inclu-
sve. will be occupied by Offices many
Of them by members of the exchange
The building will be faced entirely
of limestone with a high base of gran
itc, and according to the committees
specification it will be constructed In
every respect in the most thoroughly
fireproof character possible.
The building committee having the
plans in charge for the exchange are ].
Temple Gwathmey, chairman: Edward
K. Cone, Leigh NJ. Pearsall, Leopold S.
Bache, Henry H. Royce, Elwood p. Nc
Enany, George NJ. Shut, Edward NJ.
Weld
The new building, on account Of its
position, dimensions and Importance.
will become very important addition
to the skyline of the lower part of the
city.
Old Building Will Come Down in May
The program is to start the wrecking
cf the old structure on May 1. The
exchange will occupy temporary quar-
ters during the erection Of the build
ing. 1t is expected that the new build
ing will be completed by the first of
May, 1923. The general contract has
been awarded to the George A. Fuller
Company.
With the new addition to the Stock
Exchange now nearing completion, the
curb market finally housed and the
other exchanges in permanent quarters,
this new building becomes the last of
the exchanges to fall in line with suit
able accommodations.
Tailors Buy BROOKLYN Realty