Catalogue description From Thomas Nicholson (1753-1825), brother-in-law

Letters containing family and business news. The letters 920 NIC/9/5/6 and 9/5/7 relate particularly to the financial depression of 1793 and its effects as felt in Liverpool and Manchester. He refers to the loss of confidence in Liverpool banks after the failure of Caldwell & Co. - "... Clarke & Co. and Ar. Heywood & Co. tis thought need no support out of themselves, but the corporation and a number of Merchants and Tradesmen have agreed to take in payment as usual the bills of the remaining four Banks viz. Wm. Clarke & Sons, A. Heywood & Co., Gregson & Co. and Ingram & Co. which has produced confidence in great measure again otherwise Liverpool would have been half Bankrupt ...". In Manchester there is "... a heavy Cloud on Trades ... owing to a stagnation from the War, a delay of remittances ... Thousands of the poor are turned off and out of employ ...".

See 920 NIC/11