Democratic Sentinel, Volume 18, Number 45, Rensselaer, Jasper County, 23 November 1894 — New York's Now Clearing Hour. [ARTICLE+ILLUSTRATION]

New York's Now Clearing Hour.

The foundation stone of the new home of the New York Clearing House was recently laid with befitting ceremonies. Bishop Potter delivered the prayer, and the address was delivered by Mr. Geo. G.*Williams, the president of the Clearing House Association. One hundred and fifty leading bankers were present.

The new building is being erected on Cedar street, between Broadway and Nassau, and when completed will be one of the most beautiful edifices identified with Wall street, and in its immediate neighborhood. It will be entirely of white marble, in the Italian Renaissance style, from thß design of Architect Robert W. Gibson. Four Corinthian columns, forty-five feet to their foliated capitals, will support a massive architrave, and twenty feet above this will be a second elaborately chiseled cornice to support a dome roof surmounted by a figure. The windows fill the whole space between the columns, and are arched under the architrave with a heavy transom, marking the division into two stories, the first of which will be twenty and the second twenty-five feet in height. Above the architrave the front of the third story of twenty

feet will be treated as a frieze, and divided into panels by four figures supporting the cornice, each panel to bear carvings of the national, state and city emblems, freely perforated so as to light the rooms. The dome will tower twenty feet above this, making the total height of the building seventy feet. The entrances will be outside of the four columns forming the lower facade, of massive stone, seventeen feet high and nine feet wide. The

eastern entrance will be used by the Clearing House, and the western by a bank—the only tenant of the new building. The board room and administration offices of the Clearing House will be on the second floor. The clearing room or exchange will take up nearly the whole of the third floor, which will be sixty feet square. What is left will be divided into three stories at the rear, one floor to contain dining-rooms for officers and clerks, the next the kitchen and janitor’s dining-room, and the last the janitor’s private rooms. Besides the engineer’s department the basement will contain three large money vaults of the Clearing House. A committee of members of the Clearing House, consisting of Frederick D. Tappen, J. Edward Simmons and William A. Nash, will have the erection of the new building in theii special care.

THE NEW CLEARING HOUSE.