History of Madeley: including Ironbridge, Coalbrookdale, and CoalportRandall, John
History
History of Madeley: including Ironbridge, Coalbrookdale, and Coalport
Randall, John
Madeley (Shropshire, England) -- History
The Shropshire Company, which embraced a large number of shareholders,
underwent great strain in consequence of delinquencies to the extent of
£120,000 by the manager, Mr. Allen, of Shifnal. The noble act of Henry
Dickinson, one of the directors at the time, who felt it his duty
personally to stave off the ruin, which threatened so many, has already
been recorded under the head of Coalbrookdale; he first lent and then
gave £100,000. The appalling discovery of these frauds practised by the
absconding manager spread the utmost alarm through the parish, and the
county generally, and gave hundreds of widows, old maiden ladies, and
others, reason to fear that the investments on which they depended were
irretrievably gone. The generous act of Henry Dickinson however—who like
the heroic Roman of old threw himself into the gap—restored confidence;
the bank rallied, soon regained its position, and continued in existence
till the shares and business were purchased by Lloyd’s Banking Company,
Limited, in 1874. This enterprising and wealthy company purchased the
two houses belonging to Mr. William Hartshorne, chemist and druggist, who
for many years carried on business in one, and Mrs. Aston in the other,
and erected the present commodious building, where they do a large
business, half-yearly paying a handsome dividend to shareholders. The
subscribed capital of the company is £2,750,000; in 55,000 shares of £50
each. Capital paid up (55,000 shares, £8 paid) £440,000. It has
thirty-one other branches, and twelve sub-branches and agencies.
* * * * *
Of that valued institution the Dispensary we have spoken ante p.p. 240–1.
The 51st annual meeting has since been held; at which meeting
“the committee desired to place on record their acknowledgments of
the considerate feeling which prompted the late Edward Edwards, Esq.,
of Coalbrookdale, to bequeath the sum of £50 for the general purposes
of the institution, which sum, less legacy duty of £5, has been
invested in the purchase of £42 Midland Railway 4 per cent.
debentures stock, in addition to the sum of £880 of the game stock
already standing in the names of the Rev. W. H. Wayne, W. Nicholas,
W. G. Norris, and B. B. Potts, Esqrs., on behalf of the society. It
was also stated that from the opening of the Dispensary the number of
cases has been 57,105. In the last year the number was 1,019, of
which 843 had been cured, 78 relieved, 32 renewed, 2 sent to the
Salop Infirmary, and 38 remained under treatment.”
Public-domain text, read in full here on John Shaqi.
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