Royal Exchange (New York City)
The Royal Exchange building in New York City, later known as the Old Royal Exchange and the Merchants Exchange, was a covered marketplace located near the foot of Broad Street, near its intersection with Water Street. Originally a one-story building in 1675, it was rebuilt with a meeting hall on the upper story in 1752, typical of the type of market halls found in England and Europe at the time. The Chamber of Commerce in the City of New York (Chamber of Commerce of the State of New York after 1784) met in the building's second-floor meeting area from 1770 until the Revolutionary War. In 1785, when New York City became the nation's capital, the New York State Legislature began meeting in the building; the Congress of the Confederation had started meeting in the legislature's previous locationwhich became known as Federal Hall. On November 3, 1789, the federal court for the District of New York (later the Southern District of New York) sat in the building, the first federal court to sit under the new Constitution. The first District Court Judge was James Duane. The court's earliest business in the building included admitting local lawyers to the bar, including Aaron