Shortly after the Restoration there was a considerable influx, as into Liverpool, from the surrounding country; and by 1710 again had the population so much increased that a second church became necessary, and St. Anne's was erected, cornfields giving place to the "Square." St. Anne's being the "new" church, the existing one was thenceforwards distinguished as the "old."[20] Commerce shortly afterwards received important stimulus by the Irwell being made navigable to its point of confluence with the Mersey, and by the erection of the original Manchester Exchange. In 1757 Warrington, the first town in Lancashire to publish a newspaper, was imitated in the famous old _Manchester Mercury_. Then came the grand inventions above described, upon which quickly arose the modern cotton manufacture. In 1771 a Bank and Insurance Office were found necessary, and in less than a year afterwards the renowned "Jones Loyds" had its beginning. Social and intellectual movements were accelerated by the now fast developing Manchester trade. Liverpool had founded a Subscription Library in 1758: Manchester followed suit in 1765. In 1781 a Literary and Philosophical Society was set on foot, and in 1792 Assembly Rooms were built. [20] St. Anne's was so named in compliment to the queen then on the throne. "St. Ann's," like "Market-_street_ Lane," came of carelessness or something worse. The thoroughfare so called was properly Market-_stead_ Lane--_i.e._ the lane leading to the Market-place. [Illustration: ST. ANNE'S SQUARE, MANCHESTER]