Some time before the transfer took place, a member of one of the most
respected and influential mercantile families in the neighbourhood
suspended payment, owing a large sum to the Bank of Birmingham,
upon which he paid a composition. He afterwards prospered, and some
twenty-five years afterwards, all those shareholders in the defunct
bank who still held, in the Birmingham Banking Company, the shares
they had been allotted in exchange at the time of the transfer,
received cheques for the deficiency, with interest thereon for the
whole period it had been unpaid. A relative of my own received,
in this way, several hundred pounds. I am not aware that this
circumstance has ever been made public, but it is due to the memory of
the late Mr. Robert Lucas Chance that so praise-worthy an act should
be on record.
Mr. Pearson, after the closing of the bank, commenced business as a
sharebroker, which he continued until his death. He was one of the
last to retain, in all its rigour, the peculiar dress of the Society
of Friends.
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