OCR Text |
Show La Salle Street Loses Its Prestige in Finance . . HHP- Ffc pr r-A ' i rV . - the Central Trust company, ihe Fort Dearborn National and opposite tho Hamilton National and ihe National Hank of the Republic. A few doors to the cast Is the Hibernian bank and j across the street from it are the Continental Con-tinental National, recently removed ! from La Salle street, and tho First National. Llcyond w ill be the National City Bank of Chicago and on the La- I Salle stret corner is the National Truet. The Harris Trust building will overtop over-top all along the street and will have u frontage, of 90 feet and yet evcu before the contract bos been let much cf the Bpstce lu It for offices has been rented. The bank will occupy the main floor and balcony, with safety-deposit safety-deposit vaults in the basement. The ! banking room with paneled ceiling. 25 fc-c-t above the floor, will be of grand I proportions, a double row of roarblo columns down the center of the room , adding to tho eensr,. of spaciouo magnificence magni-ficence Italian marble and bronze will be used In Ihe finish The exterior will have a facade more pretentious than-other Chicago banks, which are sererelv nlaln. The exterior will be Chicago. Feb. 20. Little more than the husk Is left to La Salle street of Its prestige as the financial thoroughfare thorough-fare of Chicago. For, all withlu a few weeks nearly half a billion dollars of banking strength has assembled within two blocks en Monroe street, the announcement now havlDg been mode by the Harris Trust & Savings bank that It will erect a Jo.OOO.OuO twenty-story building city ordinances permit no greater height as its permanent per-manent home on Mouroe. There still are banks on La Salle street but most of them also fac on Monroe. The old beard of trade still Veep watch at the end of La Salle sirtet but there is talk of a new building build-ing The Chicago Mock exchange removed re-moved only two years afro to the nidst of the banks but the changes have left it off to one side. Its skyscraper sky-scraper addition to the great row of tlft Monroe street banks, the Harris Trust & Savings announced upon pawing the billion dollar mark In the total of bonds bougut and sold by the bank and by N. W. Harris & Co., the private banking house? to which it suc-coettvd suc-coettvd only three years ago. The municipal and public service issues it has handkd Include those of nearly every wectorn . city. Time whs In Chicago's hUlory when the buoks were huddled over near to South Witer street on Ln Salle and Dearpurn. Taut was the location cf the Gr;.t Chicago bank, organized in UCfv of which John Klnr.le was president. presi-dent. Ha quirf-rs, long since raj;ed. w'-re huruble Indeed e-orn pared w'th ibe Cbicapo banking structures of today to-day such as tlx? new Harris Trust j 1 ulldht will be. Tt will fnce north on Monroe street, cheek by jnv.i with pink granite, highly polished and decorated dec-orated with statuary bronze with lli? main shaft of red Roman brick copped by ornamental terra cotta hcrmonizin in coior and finish with the granite;. The Interior woodwork will be ma-bogacy, ma-bogacy, tho upper floers will be leached by high f.ptrd elcva-ors and a sub barement will bonne the nech-acical nech-acical equlpnient. which in a building of tMs kin.i Incl'tder. watr coolers as ell a? dynamo:;. Tio architects aro Shcplcy, itu'a:i A CorUio who designed de-signed ihe Chicago Art institute aud ;'.any public bnlU'iltts l;i ' Vic east. |