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Social meeting places during the middle ages that became major City of London financial institutions |
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Johnathan's |
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Garraway's |
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Edward Lloyds |
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George & Vulture |
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Jamaica Wine House |
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The Jamaica Wine House is now a bar and is open Monday to Friday 11am to 11pm. |
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The George & Vulture is a restaurant, serving traditional dishes (average cost per head £30) and is open 12am to 2.30pm Monday to Friday. |
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Between Cornhill and Lombard Street
you will find a fascinating maze of narrow passages and alleys, created
to allow messengers to easily pass between the many businesses that
were based here. During the 17th and 18th centuries, they were also
home to many coffee houses and taverns where merchants would meet to
exchange news and ideas. Many of London’s famous financial
organisations were created as a result of conversations held in the
coffee houses of these alleyways. |
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The first London coffee shop was opened in 1652 by Pasqua Rosee
in St Michael’s Alley and was frequented by traders in sugar and rum.
Pasqua Rosee’s burned down in the Great Fire of 1666, but it was
replaced in 1862 by the Jamaica Wine House, named after the former traders. |
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Jamaica Wine House in St. Michaels Alley |
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Sign marking the site of Lloyds Coffee House, which became Lloyds of London. Lloyds of London is now based in a modern glass and steel building in Leadenhall Street. |
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Further along the alley is the George and Vulture. There has been several taverns on this site. The George
was destroyed in the Great Fire and replaced by a wine merchant who
tethered a vulture outside. The landlord agreed to change the name of
the tavern to the George and Vulture providing the creature was taken
away! The tavern was the meeting place of the notorious Hellfire
Club, an exclusive English club established by Sir Francis Dashwood in
1746. |
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George & Vulture in Castle Court |
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The Jerusalem Coffee House was a popular meeting place for those with an interest in shipping, including employees from the local East India Company. Garraway’s Coffee House opened in 1669 by Thomas Garraway, who was the first to import tea to Britain. Jonathan's Coffee House
is famous as the original site of the London Stock Exchange. The
Coffee-House was founded by Jonathan Miles in Exchange Alley, around
1680. 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. 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.
In 1761 a club of 150 brokers was formed to trade stocks and they built
their own building in Sweeting's Alley, which was dubbed the New Jonathan's, but was renamed The Stock Exchange. |
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