Colin's Cornucopia

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The Money Club 1838

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This advert appeared in a book published in by Osborne in 1838 about the Grand Junction Railway which had just been opened between Birmingham and Manchester. About a third of the book was devoted to adverts for Birmingham products and descriptions of local institutions. A much smaller section catered for Manchester . This is an interesting insight into the way local manufacturers were funding their businesses. Perhaps we need to reinvent the money auction. My guess is that the £100 loan would be the equivalent of £50,000 - £100,000 in 2012.The interest rate is 1.5% per month! Birmingham was, at that time, the foremost manufacturing area in the world so they could afford it! Note also the evening meeting hour. No wasting good working hours!


money club 1838

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