3 ms·

Thanks, that’s insightful. What’s an example of one of these banks?

by Cederfjard 4y ago

traceroute66 4y ago
> What’s an example of one of these banks? C. Hoare & Co. [1] Their unlimited liability and the reasoning behind it is briefly discussed in a blog post by one of their senior partners[2]. [1] https://www.hoaresbank.co.uk/ https://www.hoaresbank.co.uk/ [2] https://www.hoaresbank.co.uk/The_Special_Dynamics_of_a_Family_Business https://www.hoaresbank.co.uk/The_Special_Dynamics_of_a_Famil...
- lampington 4y ago
  I've always wanted to get an account with them because of a throwaway line in a Patrick O'brien book: > 'Mr Babbington,' he said, suddenly stopping in his up and down. 'Take your hands out of your pockets. When did you last write home?' Mr Babbington was at an age when almost any question evokes a guilty response, and this was, in fact, a valid accusation. He reddened, and said, 'I don't know, sir.' 'Think, sir, think,' said Jack, his good-tempered face clouding unexpectedly...'Never mind. Write a handsome letter. Two pages at least. And send it in to me with your daily workings tomorrow. Give your father my compliments and tell him my bankers are Hoares.' For Jack, like most other captains, managed the youngsters' parental allowance for them. 'Hoares,' he repeated absently once or twice, 'my bankers are Hoares,' and a strangled ugly crowing noise made him turn. Young Ricketts was clinging to the fall of the main burton-tackle in an attempt to control himself, but without much success.
  - traceroute66 4y ago
    Have had the same thought myself on occasions. One take I've heard on that, whether or not its true I don't know, is that it is a tongue-in-cheek reference to one of the very early generation of Hoares, one of whom earnt himself the nickname "naughty" (Richard "Naughty" Hoare). Allegedly he was no stranger to, shall we say, a particularly extravagant lifestyle.

3 ms·

Thanks, that’s insightful. What’s an example of one of these banks?

by Cederfjard 4y ago

Thanks, that’s insightful. What’s an example of one of these banks?

traceroute66 4y ago
> What’s an example of one of these banks? C. Hoare & Co. [1] Their unlimited liability and the reasoning behind it is briefly discussed in a blog post by one of their senior partners[2]. [1] https://www.hoaresbank.co.uk/ https://www.hoaresbank.co.uk/ [2] https://www.hoaresbank.co.uk/The_Special_Dynamics_of_a_Family_Business https://www.hoaresbank.co.uk/The_Special_Dynamics_of_a_Famil...
- lampington 4y ago
  I've always wanted to get an account with them because of a throwaway line in a Patrick O'brien book: > 'Mr Babbington,' he said, suddenly stopping in his up and down. 'Take your hands out of your pockets. When did you last write home?' Mr Babbington was at an age when almost any question evokes a guilty response, and this was, in fact, a valid accusation. He reddened, and said, 'I don't know, sir.' 'Think, sir, think,' said Jack, his good-tempered face clouding unexpectedly...'Never mind. Write a handsome letter. Two pages at least. And send it in to me with your daily workings tomorrow. Give your father my compliments and tell him my bankers are Hoares.' For Jack, like most other captains, managed the youngsters' parental allowance for them. 'Hoares,' he repeated absently once or twice, 'my bankers are Hoares,' and a strangled ugly crowing noise made him turn. Young Ricketts was clinging to the fall of the main burton-tackle in an attempt to control himself, but without much success.
  - traceroute66 4y ago
    Have had the same thought myself on occasions. One take I've heard on that, whether or not its true I don't know, is that it is a tongue-in-cheek reference to one of the very early generation of Hoares, one of whom earnt himself the nickname "naughty" (Richard "Naughty" Hoare). Allegedly he was no stranger to, shall we say, a particularly extravagant lifestyle.