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~ Copper 4 The Weekend™ ~
1Mike1
Posts: 4,445 ✭✭✭✭✭
Edited the holiday out -
"May the silver waves that bear you heavenward be filled with love’s whisperings"
"A dog breaks your heart only one time and that is when they pass on". Unknown
"A dog breaks your heart only one time and that is when they pass on". Unknown
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My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
WS
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC FOR SALE
- Jim
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC FOR SALE
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CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC FOR SALE
"A dog breaks your heart only one time and that is when they pass on". Unknown
1837 New York - Merchant's Exchange HT-292 / Low 96
Both the Merchants Exchange and the Tontine Building are mentioned on hard times tokens HT-291 through HT-294.
Behind these names is one of the most unusual business arrangements America has ever seen. AS a "tontine" was a legal device whereby survivors split an inheritance at some point specified, adn those unfortunate enough to die earlier get nothing.
The Tontine Coffee House building, at the corner of Wall and Wate Streets in New Tork, was commenced in 1792 and completed in1794. It and a large amount of surrounding land were owned by and association of 203 cirty merhcnats and other prosperous persons, who has subscribed at $200 per share. Thus the initial capital was $40,600.
The Tontine scheme was to divided equally when the original 203 holders had been reduced by death to just seven! Share purchasers often named their children, not themselves, as the share owners. Meanwhile, shareholders shared the income of the entity, which owned a good portion of what was then the 2nd Ward (bounded by Pine St., Nassau St., East River, and Gold and Geogre Sts.). The first five trustees for the 203 shareholders, who were to meet every year in the Tontine Coffee House, were John Broome, Gulian Verplanck the Elder, John Delafield, William Laight and John Watts.
The Tontine was also a hotel, and rented street shop space to certain merchants, such as John R. D. Huggins, the famed hairdresser who kept his shop ther 1794-1800. The Tontine's charter was signed Nov. 4, 1794.
The largest room in the Tontine housed the Merchants Exchange 1794-1825, but it soon outgrew its quarters, with bargaining being conducted in the bar, etc. A supposedly fireproof Merchants Exchange building was erected 1827 on Wall Street, but it was destroyed in the Great Fire of 1835.
From 1797-1812 the Tontine Coffe House served from 11AM to 1PM punch, lemonade, crackers, cheese, and codfish at their splendid bar. The merchants called this "lunch." The Gulian C. Verplanck of HT 30 (born 1786) and William Bayard (born 1791) were original shareholders as children. The Tontine Coffee House was renamed the Tontine Building in 1843.
The Tontine scheme was sort of "Russian roulette". When the 203 were reduced to 7, the survivors were to divvy up the loot. By 1862, 70 years after the plot was hatched, it was found that a family named De Peyster had bought up some two-thirds of the outstanding shares.
Here's a lil info on the Great Fire of New York in 1835...
The Great New York Fire was a conflagration that destroyed the New York Stock Exchange and most of the buildings on the southeast tip of Manhattan around Wall Street on December 16–17, 1835.
The fire began in the evening in a five-story warehouse at 25 Merchant Street at the intersection with Pearl Street between Hanover Square, Manhattan and Wall Street in the snow-covered city and was fed by gale-force winds blowing from the northwest towards the East River. With temperatures as low as −17 °F (−27 °C) and the East River frozen solid, firefighters had to cut holes in the ice to get water. Water then froze in the hoses and pumps. Attempts to blow up buildings in its path (a technique later regarded as counterproductive) were thwarted by a lack of gunpowder in Manhattan. Firefighters coming to help from Philadelphia said they could see signs of the fire there.
About 2 a.m. Marines returned with gunpowder from the Brooklyn Navy Yard and blew up buildings in the fire's path. By then it covered 50 acres, 17 blocks of the city, destroying between 530 and 700 buildings. The area is now reported as Coenties Slip in the south to Maiden Lane in the north and from William Street in the west to the East River. The losses were estimated at twenty million dollars, which, in today's value would be hundreds of millions. Only two people were killed. Insurance was not forthcoming because several insurance company headquarters burned, bankrupting those companies.
Many of the stores were new, with iron shutters and doors and copper roofs, and in burning presented the appearance of immense iron furnaces in full blast. The heat at times melted the copper roofing, and the liquid ran off in great drops. The gale blew towards the East River. Wall after wall was heard tumbling like an avalanche. Fiery tongues of flame leaped from roof and windows along whole streets, and seemed to be making angry dashes at each other. The water of the bay looked like a vast sea of blood. The bells rang for a while and then ceased. Both sides of Pearl Street and Hanover Square were at the same instant in the jaws of the hungry monster. An investigation did not assess blame and reported that the cause of the fire was a burst gas pipe that was ignited by a coal stove.
Since the fire occurred in the middle of an economic boom caused by the recent opening of the Erie Canal, the destroyed wooden buildings were quickly replaced by larger stone and brick ones that were less prone to widespread major fires. The fire also prompted construction of a new municipal water supply, now known as the Old Croton Aqueduct, and a reform and expansion of the fire service. As a result, this was the last great fire of New York. Still, the insurance companies who lost buildings in the fire decided rebuilding was not worth the risk, and moved operations to Hartford, Connecticut. Today, Hartford is still known as the "Insurance Capital of the World."
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Here is my 1911 D/S OMM
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC FOR SALE
.
CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC FOR SALE
DCW, awesome find on that 1983!
"A dog breaks your heart only one time and that is when they pass on". Unknown
My Ebay
1934-1958 RB Lincoln Short Set
Chris' Complete Lincoln Variety Set 1909-date
Commems and Early Type
My Ebay
1934-1958 RB Lincoln Short Set
<< <i>
this ones got my vote
WS
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
<< <i>My $7 pick up on Ebay. 1934 DDO FS-101
WS >>
Bob, I probably don't qualify to give you the "You Suck" award, but You Suck. LOL Believe me, Bob has deserved this award many more times than he shows in his sig line.
My Ebay
1934-1958 RB Lincoln Short Set
<< <i>My $7 pick up on Ebay. 1934 DDO FS-101
WS
Big congratulations on the find Bob!!!!!
For those that don't follow the Lincoln varieties, this is an ultra-rare find. Current pops are 6 in mint state at PCGS. I have the certifications tags in hand for the three listed in the
ANACS pop reports, which are now in PCGS holders. Last checked, none at NGC. MAJOR find. Looks like 64RB Bob?
Oh, and BTW, YOU SUCK!!!