© Frank H. Jump
American Thread Company, 260 West Broadway at Beach St., New York, 2005
In 1901 the New York Times (16 May 1901, p. 12) reported the prospective sale of the Wool Exchange Building at West Broadway and Beach Street. The American Thread Company “or interests closely associated with it” was mentioned as the prospective purchaser. The American Thread Company was already a tenant of three floors in the building, which was described as “an eleven-story structure at the northwest corner of West Broadway and Beach Street, 75.5 by 96.3, extending around on St. John’s Lane at the rear, where it has a frontage of 141.8 feet. It was put up about 1895, primarily to afford suitable quarters for the Wool Exchange and for the now defunct Tradesmen’s National Bank… The banking room is now occupied by the recently organized Varick Bank. The Wool Club has elaborately fitted up rooms on one of the upper floors, and part of the street floor is occupied as a Post Office sub-station.” – Walter Grutchfield
