Coat of Arms: Difference between revisions

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[[File:TitheringtonList.jpg|600px|thumb|center| The LCBA removed Titherington from its list of past presidents<ref>Cotton and the Civil War, Jim Powell</ref>.]]
 
In Thomas Ellisons noted book "The Cotton Trade of Great Britain: Including a History of the Liverpool Cotton Market and of the Liverpool Cotton Brokers' Association" (a standard work dating from 1886) a list of LBCALCBA Presidents also avoids mentioning Titherington. It appears thisethose involved in the compiling of the list substituted the name of the Vice-President (Thomas Blackburn) instead for the year of Titherington's presidency (1856) and Ellison was complicit in this ''damnatio memoriae''. Titherington's crime came to light at a time, just after the American Civil War (1861-65) when many Liverpool Cotton Brokers went bankrupt, but Titherington appears to have gone further, and engaged on his private account, but using the funds of others and under the names of co-consprators, in what were described in court as '''"extraordinary cotton speculations"'''. He was asked about his actual liabilities he stated that he didn't really know, but '''"thought they were not more than £100,000"'''. The North-Western Bank, who brought about his downfall, was therefore only one of his creditors, and this particular debt was:
 
* '''"..in respect of the joint speculations of of Mr Titherington, Messrs Mozley, Mr Price Edwards, and Mr Atwool"'''<ref>Liverpool Mercury 27 May 1868</ref>
 
Mozley was another bankrupt, chairman of a failed bank (Barneds) and a son of the mayor of Liverpool. Price Edwards was the Collector of Customs at Liverpool Docks and believed to have been involved in the escape of the Laird-built Confederate commerce-raider ''CSS Alabama''. Atwool had been the tennant of a warehouse at Liverpool Dock, and the investment was made under his name because:
 
* '''"..Messrs Mozley, as bankers .. and Mr Titherington as a broker .. did not wish it divulged .. that they were engaged on their private account in extraordinary cotton speculations"'''<ref>Liverpool Mercury, 4th June 1868</ref>
 
Titherington's story (and the Coat of Arms) is worth further exploration. There are some clear suggestions that he was acting as a broker for cotton speculation during the American Civil War: in 1867 Titherington, Gill & Co. had sued Samuel Price Edwards who said in court that: