Green's Exchange

Last updated

Green's Exchange, also known as Green's Auction Mart, was a business on King William Street, Adelaide, in the early colonial days of South Australia. It was not the first, and by no means the only stock exchange in Adelaide, but was notable in its alternative use as a venue for large public meetings and performances.

Contents

History

George Green

George Green (c. 1820 – 20 January 1895) arrived in South Australia in March 1848 aboard David Malcolm from London. He had studied civil engineering in Britain, but finding little demand for the profession, turned to land surveying, with offices at 65 King William Street adjacent the Bank of Australasia from 1850. [1] By June 1853 he was advertising as a land agent and auctioneer with offices at the same address, under he title "Exchange Auction Mart" (still operating 1886). He also acted as a gold buyer for some of the banks, was for a time a director of the Moonta mines, and managed "Green's Exchange Room", which operated from May 1853 to at least November 1889. [2]

Green had an arrangement with one William Green of Melbourne, who conducted a similar business from premises at 74 Queen Street, Melbourne [3] later 30 Queen Street as "Green's Land, Share, and Adelaide Agency" [4] later land agent and auctioneer at 71 Russell Street, proved insolvent 1863, [5] back to 74 Queen Street in 1864. His subsequent history and relationship with George Green (if any) is yet to be found.

Green entered into partnership with J. H. Parr as auctioneers and commission agents sometime before September 1857 and W. G. Luxmoore joined before November that year. The partnership Green, Parr & Luxmoore was dissolved in March 1863. [6] He had a separate partnership with William Wadham (1824–1895) [7] from around 1857; Wadham moved to partnership with George Dutton Green (1 May 1850 – 27 April 1911) as Green & Co.

Green built a home on Palmer Place, and Wadham built a residence,. [8] "Rhyllon", a few doors away. [7] He retired around 1880, though his involvement with the Exchange ceased around 1875, and returned to England, where he died, leaving a widow, two sons and two daughters. [9]

The building

In 1854 Green remodelled the interior, to make a large open room suitable for meetings, concerts and receptions, though the pillars supporting the roof structure made it unsuitable for use as a ballroom. [10] On both sides of the main entrance to the Exchange were offices of the South Australian Telegraph Department. Charles Todd, the Superintendent of Telegraphs, had those on the lefthand side, and the public offices on the right. The Exchange room was directly behind these offices; and on each side of the gallery which overlooked "The Room" (which had a glass roof) was a number of small professional offices, occupied by such as solicitor Henry Hay Mildred. The offices over the Telegraph Office were occupied by solicitors Belt, Cullen, & Wigley. Businessmen mentioned as habitués include T. F. Monteith, F. P. Bayley, C. J. Barry, William Mitchell, Walter Duffield, Capt. John Hart, John Dunn, Beeby & Dunstan and Thomas Magarey. The southern side was then a vacant block, with a garden behind the railing fence; later an extension of the Bank of Australasia. The northern side was a wine and spirits store used by R. H. Wigg, later the Bank of South Australia, and the Union Bank. Scott, Young, & Co., drapers, occupied the next building, the rear of which housed Henry Noltenius' wine store. The building was later leased by Hill, Mills, & Co., railway carriers, and their successors C. R. Darton & Co. This building occupied the northernmost site of what became Bowman's Arcade, [11] which occupied most of the eastern half of Town Acre 109.

Green's lease elapsed shortly after his son George Dutton Green and others erected the Pirie Street Exchange, and the site reverted to T. G. Waterhouse, for whom Broken Hill Chambers (opened 1890), was built on the site by William McLean [12] [13] of the Melbourne firm of McLean Brothers, Rigg & Co. [14] to the design of English & Soward. A feature of the building was a glass-roofed arcade running clear through to Gilbert Place. [15] The freehold was sold to William Kither acting for Keith Bowman, and renamed Bowman's Arcade, [11] which served Adelaide for a hundred years, and home of John Mack's camera shop.

A few highlights

Other Exchanges of the 1800s

Adelaide Stock Exchanges of the 1800s
1
Ross's Exchange adjacent Exchange Hotel
2
Neale's Mart & Exchange
3
Green's Exchange
4
Buildings 86–92 King Wm St
5
Royal Exchange, 96–98 King Wm St
6
Adelaide New Exchange, Pirie St
7
Stock Exchange of Adelaide, McHenry St.
The Exchange Hotel (previously Australian Arms, owned by Samuel Payne of Payneham fame) [23] was a popular venue for large business meetings. [24]
In 1849 George Coppin opened his Royal Exchange Hotel on Hindley Street, [31] which was used for business meetings. [32] [33]
An association, The Stock Exchange of South Australia, was founded there in May 1887. [38] This exchange, which saw much business during the boom years of Broken Hill, moved to Comstock Chambers 90–92 King William Street (adjacent temporary premises of the Stock Exchange of Adelaide) [39] in August 1891, [40] and was wound up in October 1893. [41]
The building was acquired by the Commonwealth Bank of Australia in 1922. [43]
In 1991 the Exchange left the building, which was purchased by the State Government, had it restored, and in 2009 reopened as The Science Exchange for Royal Institution of Australia.

Related Research Articles

<i>South Australian Register</i> Newspaper in South Australia

The Register, originally the South Australian Gazette and Colonial Register, and later South Australian Register, was South Australia's first newspaper. It was first published in London in June 1836, moved to Adelaide in 1837, and folded into The Advertiser almost a century later in February 1931.

<span class="mw-page-title-main">Hindley Street</span> Street in Adelaide

Hindley Street is located in the north-west quarter of the centre of Adelaide, the capital of South Australia. It runs between King William Street and West Terrace. The street was named after Charles Hindley, a British parliamentarian and social reformist.

<span class="mw-page-title-main">Pirie Street</span> Street in Adelaide, South Australia

Pirie Street is a road on the east side of the Adelaide city centre, South Australia. It runs east–west, between East Terrace and King William Street. After crossing King William Street, it continues as Waymouth Street. It forms the southern boundary of Hindmarsh Square which is in the centre of the north-east quadrant of the city centre.

Adelaide Educational Institution was a privately run non-sectarian academy for boys in Adelaide founded in 1852 by John Lorenzo Young.

He avoided rote learning, punishment and religious instruction, but taught moral philosophy, physiology, political economy and mechanical drawing ... (and) surveying on field trips.

<span class="mw-page-title-main">John Bentham Neales</span> Australian politician

John Bentham Neales, frequently referred to as "J. Bentham Neales" or "Bentham Neales", was a businessman and politician in the early days of South Australia, by some regarded as the "Father of Mining in South Australia".

<span class="mw-page-title-main">William Knox Simms</span> Australian brewer and politician

William Knox Simms was a brewer, businessman and politician in the early days of South Australia.

<span class="mw-page-title-main">William Kay (politician)</span> Australian politician

William Kay J.P. was a businessman and politician in the early days of the colony of South Australia.

Quiz was a weekly newspaper published in Adelaide, South Australia from 1889 to 1910. Between 1890 and 1900 it was known as Quiz and The Lantern.

Cawthorne and Co, also known as Cawthorne's Limited, was a company founded in 1870 in Adelaide, South Australia, by Charles Cawthorne and his father William Anderson Cawthorne, which dealt in musical instruments, sheet music and recordings, and acted as concert promoters.

George Dutton Green was a land agent, auctioneer and politician in the colony of South Australia. He was generally referred to as "Dutton Green" and adopted it as his family name, occasionally hyphenated.

White's Rooms, later known as Adelaide Assembly Room, was a privately-owned function centre which opened in 1856 on King William Street, Adelaide, South Australia. It became Garner's Theatre in 1880, then passed through several hands, being known as the Tivoli theatre, Bijou Theatre, Star Picture Theatre and finally in 1916 the Majestic Theatre and Majestic Hotel.

D. & W. Murray was a drapers shop in Adelaide founded by brothers David Murray and William Mackintosh Murray, which became the wholesale draper D. & W. Murray Limited, with warehouses in three States, then Goode, Durrant & Murray second in importance only to G. & R. Wills.

The West End Brewery in Hindley Street, Adelaide, was a South Australian brewer of beer founded in the colony of South Australia in 1859 by a consortium of brewers. Its West End Ale was a popular brand and the enterprise was a successful one. The company merged with the Kent Town Brewery and Ben Rounsevell's wine and spirit business to create the South Australian Brewing, Malting, Wine and Spirit Company, in 1888, which continued to use the West End brand.

Daniel Garlick was an architect in the early days of South Australia. During his lifetime, his architectural practice names were Garlick & Son and Jackman & Garlick. After his death his name was perpetuated by two rival firms: Garlick & Sibley and then Garlick, Sibley & Wooldridge; and Garlick & Jackman and then Garlick, Jackman & Gooden.

The Pirie Street Brewery was a brewery situated on Pirie Street and Wyatt Streets, Adelaide, in the early days of the British colony of South Australia. It was succeeded on the same site after a few years by the Adelaide Brewery. Its original address was 50-62 Wyatt Street; today the buildings at 54–60 are heritage-listed in the South Australian Heritage Register, and there is a remaining building at 113 Pirie Street now occupied by the Hill Smith Gallery.

Thomas Playford was a non-conformist minister of religion, teacher and farmer in the early days of the British colony of South Australia. The first-born son of the next three generations were also named Thomas; the second and fourth became premiers of South Australia. His time in South Australia was closely linked with that of his brother, John Playford, sister Hannah Welbourn née Playford (1813–1865), and Hannah's husband Thomas Welbourn (1812–1879).

Henry Hussey was a pastor in the colonial days of South Australia, closely associated with the Christian Church on Bentham Street along with pastors Abbott, Finlayson and Playford. He was the author of several influential books on religious themes, and a memoir.

David Gall was a printer in the early days of colonial South Australia.

George Peter Harris was the co-founder of the South Australian company that became Harris Scarfe.

James Marshall & Co. was a department store in Adelaide, South Australia, which was taken over by Myer in 1928.

References

  1. "Advertising". Adelaide Times . South Australia. 16 August 1850. p. 2. Retrieved 20 December 2019 via Trove.
  2. "Combination of Sharedealers". The Evening Journal (Adelaide) . South Australia. 29 November 1889. p. 2. Retrieved 29 December 2019 via Trove.
  3. "Advertising". South Australian Register . South Australia. 21 May 1857. p. 4. Retrieved 20 December 2019 via Trove.
  4. "Advertising". The Age . Victoria, Australia. 25 January 1855. p. 2. Retrieved 24 December 2019 via Trove.
  5. "New Insolvents". The Age . Victoria, Australia. 2 May 1863. p. 6. Retrieved 24 December 2019 via Trove.
  6. "Advertising". South Australian Register . South Australia. 2 April 1863. p. 1. Retrieved 24 December 2019 via Trove.
  7. 1 2 "Deaths of Old Colonists". The Chronicle (Adelaide) . South Australia. 14 December 1895. p. 21. Retrieved 25 December 2019 via Trove.
  8. "Memories of Mrs. W. M. Campbell". The Register (Adelaide) . South Australia. 11 June 1923. p. 8. Retrieved 25 December 2019 via Trove.
  9. "The Week". South Australian Chronicle . South Australia. 2 February 1895. p. 12. Retrieved 20 December 2019 via Trove.
  10. "Green's Exchange". Adelaide Observer . South Australia. 15 July 1854. p. 7. Retrieved 20 December 2019 via Trove.
  11. 1 2 "Green's Exchange—Another Glimpse of Early Adelaide". The Observer (Adelaide) . South Australia. 18 May 1918. p. 25. Retrieved 24 December 2019 via Trove.
  12. "A Heavy Failure". Tasmanian News . Tasmania, Australia. 8 September 1894. p. 1. Retrieved 25 December 2019 via Trove.
  13. "Found Drowned". Geelong Advertiser . Victoria, Australia. 7 February 1905. p. 4. Retrieved 25 December 2019 via Trove. Brothers Joseph and Oliver and William Rigg having died some years before.
  14. 1 2 "City Improvements". South Australian Register . South Australia. 8 May 1889. p. 4. Retrieved 21 December 2019 via Trove.
  15. "City Improvements". The Advertiser (Adelaide) . South Australia. 5 April 1890. p. 6. Retrieved 25 December 2019 via Trove.
  16. "Testimonial to His Excellency the Governor". The Adelaide Observer . South Australia. 16 December 1854. p. 7. Retrieved 29 December 2019 via Trove.
  17. "Adelaide Choral Society". The Adelaide Times . South Australia. 29 March 1855. p. 2. Retrieved 29 December 2019 via Trove.
  18. "Dismissal of Captain Tolmer". South Australian Register . South Australia. 12 March 1856. p. 3. Retrieved 29 December 2019 via Trove.
  19. "South Australian Female Refuge". Adelaide Times . South Australia. 25 September 1856. p. 2. Retrieved 30 December 2019 via Trove.
  20. C. E. Bartlett A Brief History of the Point McLeay Reserve and District Aborigines' Friends' Association 1959
  21. "The Corporation". South Australian Weekly Chronicle . South Australia. 4 September 1858. p. 5. Retrieved 29 December 2019 via Trove.
  22. "Summary of News". The Border Watch . South Australia. 23 February 1870. p. 3. Retrieved 21 December 2019 via Trove.
  23. "The Old Corner Acre 141". The Register (Adelaide) . South Australia. 21 February 1924. p. 12. Retrieved 25 April 2020 via Trove.
  24. "Silver Mining". The Adelaide Observer . South Australia. 8 June 1889. p. 38. Retrieved 29 December 2019 via Trove.
  25. "Local News of the Week". South Australian Gazette and Colonial Register . South Australia. 18 July 1846. p. 2. Retrieved 21 December 2019 via Trove.
  26. "Local News". The South Australian . South Australia. 21 July 1846. p. 3. Retrieved 27 December 2019 via Trove.
  27. "Advertising". The Adelaide Observer . South Australia. 8 June 1844. p. 1. Retrieved 28 December 2019 via Trove.
  28. "Advertising". South Australian Register . South Australia. 22 April 1848. p. 2. Retrieved 27 December 2019 via Trove.
  29. "Advertising". South Australian Register . South Australia. 26 April 1848. p. 1. Retrieved 27 December 2019 via Trove.
  30. "Court of Insolvency". The Adelaide Times . South Australia. 4 December 1848. p. 2. Retrieved 28 December 2019 via Trove.
  31. "Local Intelligence". The South Australian . South Australia. 22 June 1849. p. 3. Retrieved 22 December 2019 via Trove.
  32. "Emu Flats Scheme". The Adelaide Observer . South Australia. 4 May 1850. p. 2. Retrieved 27 December 2019 via Trove.
  33. "Local News". The South Australian . South Australia. 19 September 1850. p. 2. Retrieved 27 December 2019 via Trove.
  34. "Unusual Land Bequest Of Last Century". The Advertiser (Adelaide) . South Australia. 7 October 1952. p. 2. Retrieved 27 December 2019 via Trove.
  35. "Death of Col. Lovely". The Register (Adelaide) . South Australia. 12 November 1915. p. 5. Retrieved 26 December 2019 via Trove.
  36. "Death of Mr H. L. Vosz". The Adelaide Observer . South Australia. 13 March 1886. p. 36. Retrieved 26 December 2019 via Trove.
  37. "Opening of the Adelaide New Exchange". The South Australian Advertiser . South Australia. 2 July 1880. p. 6. Retrieved 22 December 2019 via Trove.
  38. "Stock Exchange". The Evening Journal (Adelaide) . South Australia. 7 May 1887. p. 6. Retrieved 26 December 2019 via Trove.
  39. 1 2 "King William Street". State Library of South Australia. Retrieved 29 December 2019.
  40. "Needles". The Express and Telegraph . South Australia. 14 August 1891. p. 2. Retrieved 29 December 2019 via Trove.
  41. "Closing a Stock Exchange". The Evening Journal (Adelaide) . South Australia. 29 September 1893. p. 2. Retrieved 28 December 2019 via Trove.
  42. "The Late Mr Gardner". The Express and Telegraph . South Australia. 21 March 1919. p. 1. Retrieved 26 December 2019 via Trove.
  43. "Royal Exchange Buildings". The Journal (Adelaide) . South Australia. 30 October 1922. p. 1. Retrieved 29 December 2019 via Trove.
  44. "Crumbs". The Evening Journal (Adelaide) . South Australia. 24 March 1900. p. 4. Retrieved 27 December 2019 via Trove.
  45. "The Stock Exchange of Adelaide". The Register (Adelaide) . South Australia. 6 September 1901. p. 5. Retrieved 26 December 2019 via Trove.
  46. "Death of W. C. Torode". The Advertiser (Adelaide) . South Australia. 29 January 1937. p. 30. Retrieved 27 December 2019 via Trove.
  47. "The Stock Exchange of Adelaide". The Register (Adelaide). South Australia. 6 September 1901. p. 5. Retrieved 26 December 2019 via Trove.