Manchester Banks And Bankers

Author : Leo Hartley Grindon
Publisher : Theclassics.Us
ISBN 13 : 9781230382951
Total Pages : 84 pages
Book Rating : 4.3/5 (829 download)

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Download or read book Manchester Banks and Bankers; Historical, Biographical, and Anecdotal written by Leo Hartley Grindon and published by Theclassics.Us. This book was released on 2013-09 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1878 edition. Excerpt: ... CHAPTER XXIV. JAMES SEWELL AND NEPHEW. TT has been stated that the original cashier of the Branch Bank of England, 1826, was a Mr. James Sewell, also that in 1834 Mr. Sewell became manager of the Commercial Bank of England, which concern, in 1841, broke down. Mr. Sewell showed himself equal to the occasion, and, with admirable calmness and enterprise, commenced on his own account, starting "The Discount Bank" in the premises at the corner of Norfolk Street, originally occupied by the District, and in which the business has been continued ever since. A visit to this old place is really very interesting. It has scarcely been touched, except as to office fixtures and fittings, since the days of Mr. Edensor; the old double flight ot steps up to the door--the fashion of a century ago--has never been altered. Mr. Sewell was a very able man. If, in his old age, the most eccentric of Manchester bankers, throughout life he was one of the shrewdest. Had the board of the Commercial allowed itself to be guided by him, that unfortunate bank would probably never have gone to the wall. Mr. Sewell's change to it from the Branch, though calamitous at first, since he invested all his little property in the shares, was eventually the making of his fortune. Here we have an instance, just the reverse of one or two that have been named, of a man better qualified for the position of master than of servant. The experience, however, which he had gained in the Commercial made him hate all joint-stocks most cordially, and for evermore. When he started, he received the warm and very useful support of Mr. W. H. Thorpe (of Livesey and Thorpe), and of the late Mr. W. W. Scrimgeour, of the Union Bank of London. Among his other stalwart friends were old Mr. Marsland, ...