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Stop 9 of 16

Palácio da Bolsa

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Palácio da Bolsa
Stock Exchange Palace
Stock Exchange PalacePhoto: Zelwy, Wikimedia Commons, CC BY-SA 3.0. Cropped & resized.

In front of you stands a broad granite palace with a strict, symmetrical façade, rows of tall arched windows, and a central entrance crowned by a sculpted coat of arms.

The surprise here is that this palace begins with a fire. On the twenty-fourth of July, eighteen thirty-two, during the Siege of Porto, flames tore through the old Convent of São Francisco behind this frontage. The church survived. Much of the convent did not. So beneath this polished seat of commerce lies a scorched memory... stone reused after disaster, not erased.

Two years later, the Crown gave Porto’s merchants permission to take over the ruins for the Commercial Tribunal and the Commercial Association. That choice says a lot about this city. A religious complex broke apart in war, and trade stepped in, organized itself, and claimed the ground. Porto’s merchants had even been forced to discuss business out in the open on Rua dos Ingleses after their old exchange closed, which is a very dramatic way to hold a meeting.

On the sixth of October, eighteen forty-two, José Henriques Soares, the Baron of Ancede, laid the first stone, and Joaquim da Costa Lima led the overall design. By eighteen fifty, the main front and first floor were up, and the directors proudly said the building was rising beautifully from the ruins. They were not being modest.

Look at the façade and you can read the ambition: nineteenth-century neoclassical order, a dash of Tuscan severity, and a touch of English neo-Palladian taste - that means architecture inspired by the balance and symmetry of Andrea Palladio, filtered through Britain. In plain English: sober, rich, and eager to look permanent.

Inside, the real theater begins. In the eighteen sixties, Alfred Allen coordinated major works here, while Francis Sheilds created the iron-and-glass roof over the Pátio das Nações, the Nations Courtyard. Then Gustavo Adolfo Gonçalves e Sousa took charge and designed the famous Arab Room. He borrowed motifs from the Alhambra in Granada and from Owen Jones’s design book, then covered the room in stucco - molded plaster decoration - with gold-highlighted Arabic lettering across the walls and ceiling. It took eighteen years and opened in eighteen eighty during the Camões celebrations. That is where visiting heads of state are still honored. Subtle it is not.

There is irony tucked into the grandeur. The palace’s decoration was finally declared complete in nineteen oh nine for the visit of King Manuel the Second... just as the monarchy was nearing its end. After the Republic arrived in nineteen ten, officials inventoried and emptied the building, and someone even shot at a portrait of King Carlos the First. Porto does enjoy making a point.

Today this remains the home of the Commercial Association, but it also hosts public visits and civic events. And beside this monument to mercantile power stands the church that survived the blaze which made all this possible. That is where we go next: Saint Francis, only about three minutes away. If you want to come back inside here later, visits usually run daily from nine in the morning to six thirty in the evening.

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