In May, 1767, Bolton and Sigell moved into the house of Samuel Francis, near the Exchange, lately kept by John Jones, known as the Queen’s Head Tavern, and, as strangers, solicited the favor of the public. This tavern shortly after, and for some time, was the scene of much of the excitement connected with the period.
In January, 1768, the committee appointed at a meeting of the inhabitants of the city on the 29th of December just past to consider the expediency of entering into measures to promote frugality and industry and employ the poor, gave notice that they would be ready to make their report on the matter on Monday evening, the 25th, at five o’clock at Bolton and Sigell’s, and the people were requested to attend in order to receive the report and consider the matter. The proposed meeting was adjourned for a week, when, on February 2d, the report was delivered, approved, and directions given for carrying it into execution.
Second Non-Importation Agreement
On March 31, 1768, a meeting was called at Bolton and Sigell’s to answer letters from the merchants of Boston. This meeting not being well attended, a second was called for April 7. This resulted in the second non-importation agreement by the merchants of the city who came to “an agreement not to import any goods from Great Britain that shall be shipped there after the first of October next, until a certain Act of Parliament is repealed, provided the Merchants of Philadelphia and Boston come into the same Measures.”
Chamber of Commerce New York
It is more than likely that the merchants of New York had for some time been aware of the necessity or advantage of some sort of organization among themselves for the benefit of trade. In March, 1764, we find that a call was issued, earnestly requesting the merchants of the city to meet at the Queen’s Head Tavern, near the Exchange, on business of great importance to trade; and on May 5, 1766, the merchants of the city were requested to meet at the house of George Burns, the New York Arms, at four o’clock in the afternoon on business for the good of this province and continent in general. Following the Stamp Act and the non-importation agreement there was great political excitement; money was scarce; business was depressed; and foreign trade was unsettled and uncertain. In this situation the merchants of New York, having seen the success of union in the non-importation agreement, met in the Long Room of the Queen’s Head Tavern, kept by Bolton and Sigell on April 8, 1768, and there formed themselves into a society which they styled the New York Chamber of Commerce, which has been in existence since that date, the oldest mercantile organization in America. The twenty-four members who then constituted the society elected John Cruger president, Hugh Wallace vice president and Elias Desbrosses treasurer.
A meeting of the New York merchants was called at Bolton and Sigell’s on August 25, 1768, to further consider the non-importation agreement, which had been signed very generally in the city, and in November, in consequence of reports in circulation, the principal merchants and traders of the city were waited on, and report was made that it appeared that they had in general inviolably adhered to the true spirit of their agreement in making out their orders. The subscribers to the agreement met at Bolton and Sigell’s on Monday, March 13, 1769, when a “committee was appointed to inquire into and inspect all European importations, in order to a strict compliance with the said agreement and also to correspond with the other colonies.” The assembly in April passed a vote of thanks to the merchants for their patriotic conduct, and instructed the speaker to signify the same to them at their next monthly meeting. John Cruger, the speaker of the house, was also president of the Chamber of Commerce, and this vote of thanks was delivered to the merchants at the first meeting of the Chamber of Commerce in their new quarters, the large room over the Royal Exchange, their previous meetings having been held in the Long Room of the Queen’s Head Tavern.
Anniversary of the Repeal
The second anniversary of the repeal of the Stamp Act was celebrated on Friday, the 18th of March, by a numerous company of the principal merchants and other respectable inhabitants of the city, “Friends to Constitutional Liberty and Trade,” at Bardin’s tavern opposite the Common on Broadway and at Jones’s tavern which was said to be nearly adjoining. The meeting at Jones’s was called by the “Friends of Liberty and Trade,” who requested those inclined to celebrate the day to give in their names by Wednesday at farthest to John Jones inn-holder in the Fields or to the printer, and receive tickets for the occasion. There were many who, although zealous in every measure for the repeal of the Stamp Act, now leaned to the side of moderation. They styled themselves Friends of Liberty and Trade, as distinct from the more orthodox or more radical Sons of Liberty. The two factions on this occasion seem to have met in perfect harmony, although later there appeared considerable feeling between them. Union flags were displayed and an elegant dinner was served at each place. A band of music was provided for the occasion and in the evening some curious fireworks were played off for the entertainment of the company. Among the toasts drunk were: “The Spirited Assembly of Virginia in 1765,” “The Spirited Assembly of Boston” and “Unanimity to the Sons of Liberty in America.”
Effigies Burned