Information AboutJonathan's Coffee-house |
|
In 1696 , several patrons were implicated in a plot to assassinate William III , and it was thought to be associated with the Popish Plot s. In 1698 , it was used by John Castaing to post the prices of stocks and commodities, the first evidence of systematic exchange of securities in London, England . That year, other dealers expelled from the Royal Exchange for rowdiness migrated to Jonathan's (along with Garraway's Coffee-House ). It was the scene of a number of critical events in the history of share trading, including the South Sea Bubble and the panic of 1745 . It was destroyed by fire in 1748 , and rebuilt. In 1761 a club of 150 brokers and jobbers was formed to trade stocks. The club built its own building in 1773 in Sweeting's Alley , which was dubbed the New Jonathan's, but was renamed the Stock Exchange. The original Jonathan's served as the home of a lottery office after until it was destroyed by fire in 1778 . SEE ALSO EXTERNAL LINKS
|
|
|