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"T" is for "Tontine" and today's photo shows the Tontine Hotel in Ashton.
The Tontine was built in 1837 on Penny Meadow (which was at that time part of Katherine Street) not far from the Market Hall.
A tontine is a scheme for raising money in which a group of investors form a trust and each pays in a share of the capital for a scheme (in this case, the building of the hotel). Each member receives a share of any profits every year. As each member dies, his share is divided between the remaining members. The last surviving member would become sole owner and the trust would be wound up.
This survivor may have been Robert Newton, as he took ownership in 1861. It seems likely that he gave his name to Newton Street, which runs along the side of the hotel.
See Birds Eye View of this location.
See Google Street View of this location.
"The Tontine" is a contribution to ABC Wednesday. For more "T" posts from around the world please follow this link.
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Ah, always wondered what the funny name ment.
ReplyDeleteWhat a great word and one I had heard of vaguely, but never knew the meaning of. And they say blogging narrows your world and mind!
ReplyDeleteGood to see it still thriving
ReplyDeleteInteresting post as always and, as always, I learned something and that is always good! Great photo! Enjoy the rest of your week!
ReplyDeleteSylvia
thank you for introducing the Tontine hotel, both words start with T...
ReplyDeleteHappy Day!
First time I heard the word was on an episode of the TV show MASH. There was a bottle of booze that five WWI buddies held, and the last one got to open the bottle; it turned out to be Colonel Potter who shared it with Hawkeye and the others.
ReplyDeleteOn behalf of the ABC Wednesday team, thank you! - ROG
Fascinating! I had never heard of a tontine, but it's so interesting to know how that pub got it's name. I'd never have guessed!
ReplyDeletenever thought about the name of the pub.used to pay my union dues there once upon a time.
ReplyDeletewas once the owner of the tontine ashton under lyne now the proud owner of ashton show bar it was a great pub untill punch taverns got there greedy hands on it and now it badly run by people who do nt care and condone drugs
ReplyDeleteI see it is now boarded up is it still owned by punch taverns?
ReplyDeleteI believe my relation Miles Hurst (1896-1937) either owned or ran this pub in 1937... when he died. Does anyone know anything about that?
ReplyDeleteHello David. Are you sure about the dates? Miles Hurst is down as being the licensee of the Tontine from 1929 to 1939, succeeded by Leah Hurst from 1939 to 1947. (Was Leah his wife/widow?)
DeleteEither Miles did not die until 1939 or Leah was a bit slow getting the licence transferred.
Hello Martin. My mistake. Miles did die in January 39 not 37, and yes his wife's name was Leah. So it all fits. I have newspaper articles concerning Miles's death. There was an inquest because he died so young
DeleteHi does anyone have a picture of the bar inside the tontine please ? I have got it and rebuilt it and would like to see how it was originally, thanks,hopeful james
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