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ersecutions of the Genevese clergy whom
Elizabeth disliked.
Next in importance to Lloyd's for the general information afforded to
the public, was certainly the North and South American Coffee House
(formerly situated in Threadneedle Street), fronting the thoroughfare
leading to the entrance of the Royal Exchange. This establishment was
the complete centre for American intelligence. There was in this, as in
the whole of the leading City coffee-houses, a subscription room devoted
to the use of merchants and others frequenting the house, who, by paying
an annual sum, had the right of attendance to read the general news of
the day, and make reference to the several files of papers, which were
from every quarter of the globe. It was here also that first information
could be obtained of the arrival and departure of the fleet of steamers,
packets, and masters engaged in the commerce of America, whether in
relation to the minor ports of Montreal and Quebec, or the larger ones
of Boston, Halifax, and New York. The room the subscribers occupied had
a separate entrance to that which was common to the frequenters of the
eating and drinking part of the house, and was most comfortably and
neatly kept, being well, and in some degree elegantly furnished. The
heads of the chief American and Continental firms were on the
subscription list; and the representatives of Baring's, Rothschild's,
and the other large establishments celebrated for their wealth and
extensive mercantile operations, attended the rooms as regularly as
'Change, to see and hear what was going on, and gossip over points of
business.
At the north-east extremity of Threadneedle Street is the once famous
South Sea House. The back, formerly the Excise Office, afterwards the
South Sea Company's office, thence called the Old South Sea House, was
consumed by fire in 1826. The building in Threadneedle Street, in which
the Company's affairs were formerly transacted, is a magnificent
structure of brick and stone, about a quadrangle, supported by stone
pillars of the Tuscan order, which form a fine piazza. The front looks
into Threadneedle Street, the walls being well built and of great
thickness. The several offices were admirably disposed; the great hall
for sales, the dining-room, galleries, and chambers were equally
beautiful and convenient. Under these were capacious arched vaults, to
guard what was valuable from the chances of fire.
The South Sea Company was originated
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