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"East India Company Director: 'My great-great-grandfather had long seen that Liverpool had no developmental potential,'"

Member of the East India Company's Board of Directors, Elihu Yale: "The Company had actually conceived the idea of establishing a second domestic transshipment center outside of London as early as the last century. Compared to London, Liverpool is closer to the Atlantic Ocean and also possesses fine water and land conditions, backing onto industrial and agricultural centers such as Lancashire County and Yorkshire."

"If we disregard human factors, it is indeed a nice place. Sadly, poor municipal management and poor security conditions have become significant reasons why directors shy away from investing in Liverpool. For this reason, the Company has been very cautious in its investments in Liverpool for nearly a century."