James had obtained as a successful banker induced the directors of a new bank at Manchester to make him a very lucrative offer. Much to the regret of his Birmingham directors, and indeed to the whole public of the town, he accepted the offer, and shortly afterwards removed to Manchester. He retained the position of manager there until his death. Mr. James was something more than a mere man of business. He had a cultured mind, and took a very active part in educational questions. This very day, on looking over an old book, I found his name as the Birmingham representative of a leading literary association of my younger days, the "Society for the Diffusion of Useful Knowledge"--a society which, with Lord Brougham for chairman and Charles Knight for its most active member, did much to create good, wholesome, cheap literature, and published, among many other works, the "Penny Magazine" and the "Penny Cyclopaedia." After Mr. James left Birmingham, the directors of the Banking Company appointed Mr. William Beaumont to be his successor. A Yorkshireman by birth, he had resided for some time in Wolverhampton, filling a responsible position in one of the banks there. Mr. Beaumont remained manager of the Birmingham Banking Company until his death in 1863, having filled the office for more than a quarter of a century. During his life the bank had a very high reputation, and paid excellent dividends. It had squally weather occasionally, of coarse, but it weathered all storms. It was in great jeopardy in the great panic of 1837. It held at that time, drawn by one of its customers upon a Liverpool house, four bills for L20,000 each, and one for L10,000. It held besides heavy draughts upon the same firm by other houses, and the acceptors--failing remittances from America--were in great straits. Mr. Charles Shaw, the chairman of this bank, saw the Chancellor of the Exchequer and the Governor of the Bank of England, and averted the impending calamity. But for timely aid, the Liverpool firm must have stopped, to the ruin of half the country. The bank had another sharp turn of it from 1842 to 1844, when bar iron fell from L12 per ton to L6; but it overcame all its difficulties until the retirement of Mr. Shaw and the death of Mr. Beaumont. From this time forward there seems to have been great want of a strong head and a steady eye amongst the directors. The plausibilities of Mr. W.H. Beaumont--who had succeeded his father as manager--seem to have put them off their guard, and they followed where he led until it ended in ruin. It is useless now to say all one knows, or a quarter of what has been said; but it has always been my opinion, and always will be, that if Charles Shaw, or a man with half his courage and ability, had been at the helm, the Bank would not have closed its doors. Had they only sought counsel of their larger shareholders, there was amongst them one man, still living, who not only could, but would, have saved the bank from shipwreck.