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Coat of Arms: Difference between revisions
→Titherington's Crimenote added by Peter Elliott
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The Society would be interested to learn of the existence of any other examples of its use e.g. as a letterhead, in publications or even on a celebration mug or local medals?
===Titherington's Crime
see note <ref>note added by Peter Elliott</ref>
Dee Hills at Boughton was developed in 1850s when William Titherington, the owner of a 10 acre estate there, broke up his land to build Sandown Terrace, three Italianate houses and Deva Terrace. In 1873 Dee Hill had extensive grounds with pleasure gardens above the river and a tree-lined drive from The Bars, flanked by paddocks to the north and allotment gardens to the south-east. More estate land was being sold for development and in the 1880s Beaconsfield Terrace had been built on the northern part of this land. The drive was now named Dee Hills Park and was lined with larger houses, including the largest: Uffington House, built for Thomas Hughes (the author of "Tom Brown's Schooldays"). By 1892 Dee Hills House and the remaining gardens had been sold to the government and was being used as the residence of the Army’s district commander.
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* '''"I should think Titherington has been speculating in cotton from the earliest period of his existence as a cotton broker"'''
This may have involved buying cotton from the then recently defeated Confederacy - a trade which during the Civil War was frowned upon on some circles, and much hampered by blockade. At the time of the Civil War, cotton had become the most valuable crop of the South and comprised 59% of the exports from the United States, most of which went to Britain. During the war, the quantity of raw cotton coming into Liverpool plummeted, which meant that prices soared. At its lowest, the annual volume of cotton dropped by seventy percent. In Manchester, the massive reduction of available American cotton caused an economic disaster referred to as the "Lancashire Cotton Famine".
* '''"busy selling what they have not got to people who don't want it."'''
There is another peculiar connection between Liverpool cotton and Hoole. When the Transatlantic Cable was established (with the assistance of Thomas Brassey), Liverpool cotton broker John Rew saw the possibilities inherent in the idea of the simultaneous deal. By using the cable, he could get quotations from the Cotton Belt in the USA and buy the cotton at almost a moment's notice. He could then "hedge his bet" by a complex set of contracts - effectively inventing the "hedge fund". The cable which enabled him to do this was in part funded and greatly supported by Charles W. H. Pickering. He was the husband of Elizabeth Walker, who was the daughter of Thomas Walker of [[Flookersbrook]] and his wife Katherine Lightfoot. Pickering was present when the first official Transatlantic Telegraph message was transmitted. It was to be the message from Queen Victoria to the US president but Charles Pickering made a change and just before the Queen's message on August 5, 1858. The story of Pickering's message is reported by his son (in his memoirs) who wrote:▼
The Society would welcome further exploration into this potential "dark side" of the history of Hoole and Boughton.
===Pickering and the Cable===
There is another peculiar connection between Liverpool cotton and Hoole. When the first successful Transatlantic Cable was established (1866 - with the assistance of Thomas Brassey), Liverpool cotton broker John Rew saw the possibilities inherent in the idea of the simultaneous deal. By using the cable, he could get quotations from the Cotton Belt in the USA and buy the cotton at almost a moment's notice. He could then "hedge his bet" by a complex set of contracts - effectively inventing the "hedge fund" - although the practice had been common (on a local level) during the war years.
▲
* '''"The message from Queen Victoria to the president was handed to the telegraph operator, a Mr. St. John .. The telegraph operator told me later that my father put his hand on Mr. St. John’s shoulder and told him to stop. My father told him there was a message to be sent before the queen’s telegram."'''
Pickering sent: "Glory to God in the highest, on earth peace, good will towards men" - which is still recorded as the first official cable across the Altantic. That cable lasted for three weeks before it failed. The second cable was laid by the converted Great Eastern in 1865. The names of [[Walker Street]], [[Lightfoot Street]], Pickering Street (and even Thomas Brassey Close) reflect these people: but while there is a [[Hamilton Street]], nothing in Hoole is named after Titherington.
===References===
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