Wall Street & the Tontine Coffee House: New York City in 1797

Susan reporting,

While I'm not *quite* ready yet to reveal the title and subject of my next historical novel, the painting shown here will offer clues galore. This is a view of Wall Street in New York City around 1797, between the modern Water and Front Streets, in what is now the heart of the Financial District.

Writing novels set in the early years of America can offer many challenges, including the the small number of drawings, prints, and paintings (and of course no photographs) showing the cities and landscapes of the time. Set a story in 1790s London, and there are countless primary images for inspiration while creating a character's "world." Resources like those are much harder to find for the young United States. Professional artists were rare in 18thc America, and often the best surviving paintings and drawings of places are the work of visitors from abroad (like these panoramic watercolors, here and here, by Frenchman Pierre L'Enfant, or this view of the Hudson River by British Lieutenant Thomas Davies.)

All of which makes this painting of the New York, (above, with details below; click to enlarge), that my characters would have known especially useful to me. This street corner would have been familiar to Eliza and Alexander Hamilton in I, Eliza Hamilton, and it's equally well-known to my new characters, too. The scale of 18thc New York may bear little resemblance to the towering skyscrapers of today, but the city's legendary intensity is already present. Every person (and even the dog in the lower left) seems filled with energy and purpose as the Stars and Stripes snaps and flutters in breeze.

At this time, Wall Street led directly to the waterfront and the East River wharves, the source of much of the city's wealth and power. Those tall masts at the end of the street must have been a constant reminder that New York was a flourishing international port, sending ships not only to Europe, but to destinations in Africa, South America, and the faraway Pacific. The cargo in these ships included coffee, sugar, and tea, silk, cotton, and linen, fine furnishings and silver. It could also include enslaved men, women, and children, for slavery was still legal in New York, and many households and businesses, large and small, relied on enslaved workers.

Coffee houses played an important role in 18thc New York, and two of the most notable appear in this painting. The small clapboard building on the corner with the gambrel roof is the Merchants' Coffee House, one of the gathering-places for political discussions during the Revolution, and later, during the 1780s, the site of the creation and organization of the Bank of New York. Across the street and nearly out of the left side of the painting is the Tontine Coffee House. This was the first home of the New York Stock Exchange, and of merchant activity of every kind.

According to  Travels through Lower Canada, & the United States of North America, in the Years 1806, etc. by John Lambert (published in 1810):

"The Tontine coffee-house was filled with underwriters, brokers, merchants, traders and politicians; selling, purchasing, trafficking, or insuring; some reading, others eagerly inquiring the news. The steps and balcony of the coffee-house were crowded with people bidding, or listening to several auctioneers....Every thing was in motion; all was life, bustle, and activity....Every thought, word, look, and action of the multitude seemed to be absorbed by commerce...and all were eager in the pursuit of its riches."

Above: Tontine Coffee House, New York City by Francis Guy, c1797, New-York Historical Society.