Victorian Bournemouth (221) has considered the main themes explored in the first quarter of articles published covering the resort during the 1890s. It has discussed how the decade involved change in many areas and levels. The new civic status of a borough required councillors and mayors to handle matters and adopt procedures in ways comparable to similar towns. The social profile of these men changed from that characterising the Improvement Commission in that men of leisure gave way to meritocrats, albeit of humbler origin. The continuing process of shaping Bournemouth’s image appears in the model of civic heroism propounded within magistrates’ obituaries. Presenting the town in a positive way to the new audience of institutional and personal investors applied these skills in the new discipline of Corporation Stock issues.
Tag: borough status
Victorian Bournemouth (220): corporation stock
Victorian Bournemouth (220) analysed how the resort’s civic leaders introduced it to the dazzling yet perilous realm of Corporation Stock. With support from the government and the Bank of England, towns took encouragement to venture into this dangerous area. However, unsuspecting civic leaders risked stumbling if their town’s image of prosperity wavered. This could lead to a drop in stock prices and an increase in interest rates, making future issuance more difficult. Leveraging Bournemouth’s history of successful marketing, the town’s Councillors perhaps had less to fear from this financial trap compared to managers of other towns.
Victorian Bournemouth (159): municipal incorporation (1)
Victorian Bournemouth (159) introduces articles that address different aspects of the process whereby the resort incorporated into a borough (1890).