Archive for August, 2011

Some interesting banking stories

Some of the posts on the Bold Street blog attract much more conservation than others. Places like The Mardi Gras, the beautiful cafes and restaurants of Bold Street past (La Bussola, The Kardoma, Fullers and Reeces bringing up the most vivid memories) and of course, the Banks. Bold Street was a veritable who’s who of banking during the early part of the 20th century and right up until the 1970’s.

Liverpool Savings Bank (now Tesco) was once the place to go and get involved with your finances and has evoked many memories including these from Gordon below.

“Regarding the TSB `coin`, I believe I have one somewhere. I joined the Liverpool Savings Bank from school in 1953, and spent over 37 years in the TSB, latterly Lloyds TSB of course. I would think that the souvenir would be worth a few pounds to a banking ephemera collector. I have a recollection that they were issued in their thousands though to everyone who made a deposit in an account during the special week, being regarded more as a sort of medal than a coin.

Not sure if I can lay my hands on the medal, which from memory was about the size of a florin (2/- piece). They were issued I think to commemorate 150 years of Trustte Savings Banks, the first such bank being acknowledge as Rev. Henry Duncan`s in Ruthwell, Scotland, although I believe there is a case for the claims of an earlier bank in Edinburgh(?) which did however have a slightly different modus operandi and rules. Duncan`s model was perhaps nearer to the way the banks that followed were set up. The little medals/coins were neither silver or gold colour, but something between the two, sort of dull brass as I recall”

This bank was also the location of one of my most recent Bold Street experiences. Walking up the street I noticed that the door to the upstairs rooms of the old Liverpool Savings Bank was open and peering inside I noticed a rather impressive cast-iron staircase stretching some 40 feet up into the upstairs rooms. It turns out that these impressive rooms are now being renovated and turned into a short stay apartment.

I was shown round by the owner of the apartment Lawrence who had discovered some interesting artefacts whilst in the process of renovating the rooms upstairs, probably once offices and board rooms. The finds included a bank receipt for the withdrawal of £28,000 in 1918 and glass slides depicting child-like scenes probably used in a magic lantern as a toy.

It made me curious as to the origins of this building, its grandiose appearance and its now multi-use as Tesco and apartment. The apartment is actually called ‘The Masonic’ which alludes to its original use as a Masonic Lodge (and the reason the staircase bears a star motif?) which remains a popular members organisation in the city.

I am not sure when the building as transformed from a Masonic Lodge to a Bank but I have records showing it as a bank in 1875 so it must have been a pretty long-time ago, either way it now stands as a testament to a Bold Street that had a very diverse daytime activity and withdrawals of vast amounts of money.

Thank you to Gordon for sharing his pictures and memories with us and to Lawrence for letting us have a look inside the bank. You can see pics from this recent visit on our flickr here you can see more memories of the savings bank in other locations on the blog.




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