Until that time shares in the ‘common purse’ principal for investing in ships cargoes and their voyages dated from Phoenician times, about 2000BC.
By 1805 John had formed an offshoot cargo broking merchants house with a John Highfield and, as partners, they formed John Bibby & Co.
However, they were all well founded and had a reputation for excellent seaworthiness.
The passenger accommodation was well above average for that era and much sought after.
James Jenkinson Bibby, the youngest was the office manager at Liverpool where he remained, John Bibby junior was his father’s agent in India and returned to Liverpool on his father’s death.
Joseph Mellard Bibby was a partner but concentrated more on the metals businesses rather than the shipping side. As a mark of respect to their father the company was restyled John Bibby & Sons.
With this backing John severed his links with William Hall apart from a financial link when the new company was formed.
Thomas and James Jenkinson Bibby were born in 1812.
The ships would fundamentally be financed by the better off citizens of the city who would provide the capital to purchase the vessels.