The Tontine Coffee House was a coffeehouse in Manhattan, New York City, established in early 1793. Situated at 82 Wall Street, on the north-west corner of Water Street, it was built by a group of stockbrokers to serve as a meeting place for trade and correspondence. It was organized as a tontine, a type of investment plan, and funded by the sale of 203 shares of £200 each. The May 17, 1792, creation of the Buttonwood Agreement, which bound its signatories to trade only with each other, effectively gave rise to a new organization of tradespeople. In its prime, the Tontine was among New York City's busiest centers for the buying and selling of stocks and other wares, for business dealings and discussion, and for political transaction. Having had a dual function as a combination club and a meeting room, the coffee house played host to auctions, banquets, and balls, among others. After hours, gambling and securities dealings were that were then deemed less than honest. The coffee house also provided a place for the registration of ship cargo and the trading of slaves. The Tontine was noted as classless; individuals from all social strata met there and collectively engaged in the many civil and economic affairs. John Lambert, an English traveller, wrote in 1807: Political demonstrations and violence were not uncommon at the Tontine Coffee House. In the wake of the French Revolution, fistfights between those respectively sympathetic to the British and the French broke out on a daily basis. An anonymous observer wrote: On one occasion, French Revolutionists and supporters of the Tammany Hall movement scaled the coffee house and placed a French Liberty Cap on the roof. Several New York publications mentioned the particular, those newspapers with pro-Jacobin or pro–Democratic-Republican slants applauded the perpetrators and encouraged the Tontine's proprietors to allow the Cap to remain. In addition, an onlooker named Alexander Anderson describes conflict between Whigs and Torys at the Tontine in a June 11, 1793, diary entry: In December 1793, New York'sColumbian Gazetteer complained that "only persons of the same party" would now associate within the Tontine. Trading at the Tontine Coffee House continued until 1817. The growth of the Tontine's trade proceedings had effected the creation of the New York Stock and Exchange Board and necessitated a larger venue. The NYSEB is recognised as the precursor to the present-day New York Stock Exchange, the largest stock exchange in the world. The Tontine itself was transformed into a tavern by a John Morse in 1826, and a hotel by Lovejoy & Belcher in 1832. It survived the Great Fire of 1835 and was demolished in the spring of 1855 to make way for a larger Tontine coffee house. The newer building was itself demolished in 1905.
