The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-23
ONE SUCCESSFUL TONTINE.
rHE OLD COFFEE HOUSE IN WALL
STREET, NEAR WATER

Nh aktapnnt nf n nrnhn0 tn hurD the TOnttnc
S.ots, An New Haven recently recalls tho old
800. caToo Itorsa thot 80. buyt nv, the
~..i,h,.r buvinoss men MI Nsyy York at the
80 as,s. t..t c.n,nrv and was probably tho
-. .a,.h,. ,,n.r,rn.nt IN tho Tont,ne pIan
~. -. .,or ,ri.a In this country. The orig
er,i building was berun In 1899 By an associa-
s,or inoornorated In 1890 under the name OF the
Ton,,n. h.aociation- Tbsro was no club or CON.
~.,,.rt p~oeetjng MACE IN those days where
hn,,nes, men of the city could gather at
~. noon bour md talk over their Affairs, as
49, Az novadav IVA Mt the rooms of the Downtown
I..oc,at,on. tbs Uptovn Association, the Mer-
sn.nt., CIuh and many others. The business
c>ntr, ~ the town was not half n mile from tho
a.. nrs,,nt wbitebalI ferry. and tho residence
s...inn 10 y.rv IIttIe fnrtber away. but more
40 80 sItrstsa along the North River than on
49, 80, stda Tn tine nrints Of tho time the gem
Nono "ns ~ ~ ,.s,t,r th.t a. gy.s
4 great burden to be obliged to walk
trom their business offices on water' and
Pearl streets TO their residences on otato streos
1t the noon hour, and thus BIO obliged to lose
hucb time that might possibly be spent in adj
SancinF tnelr ousiness INTERESTS. nNn'N IN
aTe0. John Broome, John Watts. Gulian Yer
pianck. sonn DoiAu, J. 80 ~ =
end somo of their friends Determined 10 guy u
sSSsnt.. coge. Houss an wall street. near Water
"1-. TN. ...,..r v.. nraoniz.d nndor n vary
s.roes .an'.,.".i"n One ~ The original comics
~ tba constitution has been sent to The SUN
- NJ, prsdish Carroll of this CITY. who ia
directly descended from several OF tho share
So,ders. IL IA printed on gray paper, and was
published In l7ee. Tho preamble Is as follows:
"Whereds, The several persons whose names
~ horeunto = 80, 49,. -
toint expence is'cl purcnaseo ceFtaih io.s U
land In the Second ward OF tho city OF New
Tontine Gomez House. TO Dc Kept ana used as .
S0a.' i house in the nc, sal. sams city fSr OF tn Sew nn r0os, s snS
49, aannar.a,o. o. ~. ..mo nr.n,Is.,
X nv, he s"I uam US1, Of john Broome, CT GulIan Yer.
planck. John Delaheld. William LaiRht, and
John watts. Ave Of the said subscriber, in Joint
tenancy as trustees for themselves and the
other subscribers, and
BUILDINGS and furniture Is divided into aoS shares
which belong to the persons whose names are
s 81 Spposi Ss0s shdir re spS sHs IN na shs pFS sPs tSe
owner OF each Of the said share, or his executors,
S3aminlsstrstors; S or "a assigns r. II to t have e. and receive 9ifa os
tho person named and described, opposite his
name as his nominee for such share, and to
hominesEfhes share which depended upon the
NI0 OF buCn uOultuoo 10 " ohs All Inc "uOlo
profits Of the said premises are continually to
20 to and be equally divided among, such of the
the shso l Ss dey Of mas May in every year. smaH until the the said id
nominees shall by death be reduced to seven.
and the whole Of said property Is to vest in the
the names of the seven surviving nominees, and
The trustees. or their heirs in whom the fee of
are then to convey the Same to the persons so
entitled in fee equally to be divided between
Wherefore, In order to carry the said plan
Into execution, 1t 10 hereby agreed by and be-
tween the said owners as follows, that 10 to
.-fhe constitution then goes on to provide for
che fulflment Of the specifications Of the pre-
the i've trustees. When the number Of trustees
should be reduced FROM fve TO less than three
fSSSre tho number Of the nominees was reduced to
seysn.ave others would be elected. and the
he ave trustees. VerDlapnsk. Iaisht. and
broome. died. The trustees elected to take over
thEop, John y; Coles. and Gpiian Ludlow.
terested in the Tontine Coffee House have al.
ready been mentioned to show that they were
the end y the last century. They V were mem mem OF
such merit and had obtained 30 much Of the re-.
gard Of their immediate =posterity that most Of
streets of the growing city. 1t Is worthy OF
note that the ~instinct Of meeting at the
uOOn nOuT W dlk uublutb6 over Inelr
luncheons was as much of a characteristic
Of the successful. New York merchant then
81 the time OF the building OF the Tontine Coffee
in Broad street, near Pearl, was moved to the
coffee house site and from that time forth the
coffee house was the general clearing house for
ali matters of mercantile Importance. In the
shandise and real estate almost always began:
~ x o'clock, in front Of 7. c., will be sold the
followinR:"
The mail bags for the transatlantic and the
New England mails were left in the office by Tho
carriers to DO filled and were opened there when
they were brought to this city.
The Coffee House was a meeting place at
times OF popular excitement. In 1898, for in.
stance, just after the building was hnished
came the declaration of war between France
and England. On April o Citizen Genet came
TO this country as tho duly credited Minister 10
the United States from the new republic. He
came TO New York on Aug. 8 following. and
the Indignation Of New York's p]atriotic citi.
Gems against the coldness with which
Genet had been received by the Admin.
istration at Washington found expression in
3 tremendous demonstration in the Ninister's
honor which took place before and In the Coffee
House. The Liberty cap was hoisted on lid fiap.
~ n - 49,