May 1, 1901: The demolition of the old building at 10 Broad Street begins. The construction of the new building, which will occupy that site as well as newly-purchased land to the immediate north and south, is slated to take just one year and cost $1 million.
September 9, 1901: The cornerstone for the new building is laid. A copper box is placed within the cornerstone filled with documents and mementos representative of the NYSE’s history.
Demolition problems with removing the old building and vaults, labor issues, and design changes cause delays and increase costs. But the approximately $4 million final cost is explained by R.H.Thomas, chairman of the Building Committee: “Where so many of our members spend the active years of their lives, they are entitled to the best that architectural ingenuity and engineering skill can produce.”
April 22, 1903: The new Exchange building at 18 Broad Street opens to fanfare and festivity. It’s recognized from the first as an example of masterful architecture. The six massive Corinthian columns across its Broad Street façade impart a feeling of substance and stability and, to many, it seems the very embodiment of the nation’s growth and prosperity.
September 9, 1901: The cornerstone for the new building is laid. A copper box is placed within the cornerstone filled with documents and mementos representative of the NYSE’s history.
Demolition problems with removing the old building and vaults, labor issues, and design changes cause delays and increase costs. But the approximately $4 million final cost is explained by R.H.Thomas, chairman of the Building Committee: “Where so many of our members spend the active years of their lives, they are entitled to the best that architectural ingenuity and engineering skill can produce.”
April 22, 1903: The new Exchange building at 18 Broad Street opens to fanfare and festivity. It’s recognized from the first as an example of masterful architecture. The six massive Corinthian columns across its Broad Street façade impart a feeling of substance and stability and, to many, it seems the very embodiment of the nation’s growth and prosperity.
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