A contemporary account of how the Tontine coffee house looked in 1794 is supplied by an Englishman visiting New York at the time: The Tontine tavern and coffee house is a handsome large brick building; you ascend six or eight steps under a portico, into a large public room, which is the Stock Exchange of New York, where all bargains are made. Here are two books kept, as at Lloyd's [in London] of every ship's arrival and clearance. This house was built for the accommodation of the merchants by Tontine shares of two hundred pounds each. It is kept by Mr. Hyde, formerly a woolen draper in London. You can lodge and board there at a common table, and you pay ten shillings currency a day, whether you dine out or not. [Illustration: NEW YORK'S VAUXHALL GARDEN OF 1803 From an old print] The stock market made its headquarters in the Tontine coffee house in 1817, and the early organization was elaborated and became the New York Stock and Exchange Board. It was removed in 1827 to the Merchants Exchange Building, where it remained until that place was destroyed by fire in 1835. It was stipulated in the original articles of the Tontine Association that the house was to be kept and used as a coffee house, and this agreement was adhered to up to the year 1834, when, by permission of the Court of Chancery, the premises were let for general business-office purposes. This change was due to the competition offered by the Merchants Exchange, a short distance up Wall Street, which had been opened soon after the completion of the Tontine coffee house building. As the city grew, the business-office quarters of the original Tontine coffee house became inadequate; and about the year 1850 a new five-story building, costing some $60,000, succeeded it. By this time the building had lost its old coffee-house characteristics. This new Tontine structure is said to have been the first real office building in New York City. Today the site is occupied by a large modern office building, which still retains the name of Tontine. It was owned by John B. and Charles A. O'Donohue, well known New York coffee merchants, until 1920, when it was sold for $1,000,000 to the Federal Sugar Refining Company. The Tontine coffee house did not figure so prominently in the historic events of the nation and city as did its neighbor, the Merchants coffee house. However, it became the Mecca for visitors from all parts of the country, who did not consider their sojourn in the city complete until they had at least inspected what was then one of the most pretentious buildings in New York. Chroniclers of the Tontine coffee house always say that most of the leaders of the nation, together with distinguished visitors from abroad, had foregathered in the large room of the old coffee house at some time during their careers.