The ten-bell tubular bell carillon (tower chimes) was installed in the west tower of Grace Cathedral in 1927 by the J. C. Deagan Company of Chicago, Illinois. The Deagan Co. was founded in 1880 and manufactured not only tubular bell chimes but also xylophones, marimbas, orchestra bells, and organ percussion stops.

The tubular bell carillon, considered to be the Deagan Company's largest accomplishment, was manufactured between about 1916 and 1957, when over 500 of these instruments were produced. Deagan patented a tuning process called "quintamonic tuning" which allowed the dissonant overtones to be tuned to the strike tone, thus affording the ability to play polyphonic music.

This system was applied to tubular bells after 1938. Some of the larger, more famous installations of tubular bell carillons include: Wrigley Memorial Tower, Santa Catalina Island, CA; Scotty's Castle, Death Valley, CA; Longwood Gardens, Kennett Square, PA; Wanamaker Mausoleum, Philadelphia, PA; Steven Foster Memorial Tower, White Springs, Fl 32096.

The Grace Cathedral tower chimes are used each Sunday during the morning liturgies and are playable through the Schantz Organ console in the Cathedral.