The Stock Exchange Luncheon Club was a members-only

dining club A dining club (UK) or eating club (US) is a Social club, social group, usually requiring membership (which may, or may not be available only to certain people), which meets for dinners and discussion on a regular basis. They may also often have g ...

, on the seventh floor of the New York Stock Exchange Building at 11 Wall Street in

Manhattan Manhattan ( ) is the most densely populated and geographically smallest of the Boroughs of New York City, five boroughs of New York City. Coextensive with New York County, Manhattan is the County statistics of the United States#Smallest, larg ...

. The club was founded on August 3, 1898, and moved from 70 Broadway to 11 Wall Street when the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

(NYSE) opened its new building in 1903. It closed on April 28, 2006, after more than a century of service. The club had an inaugural membership of 200, with a "long waiting list", when it first opened as the Luncheon Club at 70 Broadway and 15 New Street, Manhattan. Joseph L. Searles III, who became the first

African American African Americans, also known as Black Americans and formerly also called Afro-Americans, are an Race and ethnicity in the United States, American racial and ethnic group that consists of Americans who have total or partial ancestry from an ...

member of the NYSE when he joined in 1970, said that his "biggest fear...was where would I sit in the luncheon club?". The situation was resolved when Searles was given his own table by the club, and he dined alone for a while. A ladies' restroom was installed in the club as late as 1987, some twenty years after women were first admitted to the NYSE. In 1999, the club had more than 1,400 members, and was lavishly decorated with various animal heads, most shot by members on

safari A safari (; originally ) is an overland journey to observe wildlife, wild animals, especially in East Africa. The so-called big five game, "Big Five" game animals of Africa – lion, African leopard, leopard, rhinoceros, African elephant, elep ...

.Cashin, Arthur D. ''A View of Wall Street from the Seventh Floor''. Foreword. Greenwich Pub, 1999. In August 2001, the Stock Exchange Luncheon Club served as the venue for the presentation of custom-made motorized wheelchairs to 17 quadraplegic in-patients of a local hospital for paralyzed people. A fund-raising event was held by the New York City Police Foundation at the club in November 2003. Following security measures put in place at the NYSE, after the September 11 attacks, the club became less accessible, and this, coupled with the ousting of regular patron Richard Grasso from the head of the NYSE, and a decline in similar local dining clubs, was cited as a factor in the club's demise when it closed in 2006. The space continued to be used for important events for example, the NYSE shareholder vote to merge with Euronext on December 19, 2006.

References

{{Reflist

External links

New York Times'', "Where Wall Street Meets to Eat, the Last Lunch", April 28, 2006, by Peter Edmonston.
* O'Rourke, P.J. ''Eat the Rich: A Treatise on Economics'', 1999. 1898 establishments in New York City 2006 disestablishments in New York City Defunct restaurants in Manhattan Dining clubs Financial District, Manhattan New York Stock Exchange Restaurants disestablished in 2006 Restaurants established in 1898

See also

References

External links