The announcement that the historic Mills Building on Broad Street, lower Manhattan, abutting the Morgan office building, will be torn down, has caused more widespread interest than usually attends such an operation.
The leasehold on the property, acquired by J. P. Morgan & Co. in 1920, runs until A.D. 2004. Across the street, the New York Stock Exchange, centre of the Wall Street securities market, recently completed a 22-story addition—at peak construction prices. Up the street, the New York Federal Reserve Bank, centre of the Wall Street money market, at about the same time...
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