The time capsule was placed behind the cornerstone of the Commercial Club Building on Exchange Place on July 5th, 1909. A newspaper from the time said the following:
“In order that future generations may know the history and record of the Commercial Club of Salt Lake up to this time, a box was filled with documents. These included copies of the addresses delivered yesterday and the resolution of thanks to Mr. Newhouse, together with his response, a copy of the Bible, numerous books and pamphlets containing data and miscellaneous information. This box was deposited in a cavity in the center of the base and covered with cement.
The final act of loweing the great corner stone was performed by President Halloran, who applied cement with a silver trowel, the souvenir gift of the Stewart Construction company, which had the contract for the building. The exercises closed with selections by the band. The entire program consumed about an hour and a half of time.”