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Economy of Penzance

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p broke anchor off nearby Newlyn and smashed into the bridge and head gear. Later attempts at mining were not as profitable.

During the 19th century and until 1912, Penzance had the largest tin smelting house in Cornwall, operated by the Bolitho family. The smelting works were situated at Chyandour. As a consequence of this concentration of mining wealth, Penzance became a centre for commercial banking. The Bolitho Bank (now part of Barclays Bank) and the Penzance Bank were two of the largest, although the latter collapsed in 1896

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