Rise of Neville Chamberlain which became the City of Birmingham Symphony Orchestra was initiated. The Lord Mayor persuaded Sir Thomas Beecham to conduct a series of events in Birmingham. The concerts caused Birmingham to be regarded as a cultural centre, and in 1919, the Orchestra was formally founded. Chamberlain established the Birmingham Municipal Bank, the only one of its type in the country, which aimed to encourage savings to pay for the war loan. The bank proved highly successful and lasted until 1976, when it was taken over by Lloyds Bank. Chamberlain was re-elected Lord Mayor in 1916, but he did not complete his
Rise of Neville Chamberlain if he stood and lost, his successor would be badly damaged, Baldwin replied, "I don't give a damn about my successor, Neville." Chamberlain resigned as party chairman, though he continued as head of the Conservative Research Department, which he had founded, until his death. Baldwin did not stand in the by-election, but he retained his position and attacked the press barons as wanting "power without responsibility, the prerogative of the harlot through the ages", and the Conservatives won the election. Baldwin and Chamberlain healed their breach, and Chamberlain helped negotiate the return of the press lords to the Conservative fold.