In 1928 R. C. A. common soared from $93 to $377 a share; International Nickel gained $177; Wright Aeronautical $190. Elevator boys and bootblacks joined professional traders to play the tape. The New Era had arrived. And Starrett Corp. (holding company for real estate, building companies) began planning another Wall Street skyscraper.
Original layout of the Manhattan Company Building called for 30 floors, was later raised to 56, then 67, finally 70. For speed's sake, preliminary foundations were sunk even before the old buildings were torn down. The job was finished in a record...