The Richard Cobden would be one of the shops on the corner opposite to the Prince Alfred (not shown behind lamppost), whose address was Havelock Street which runs across Jarrom Street.
Richard Cobden was an MP and one of the leading radical Liberal reformers of the mid 1800s, whose efforts to repeal the Corn Laws (which kept prices artificially high, much to the detriment of the working class), were finally successful, circa 1846. He was made a freeman of Leicester.
Very little is known of the Richard Cobden beer house – possibly as it seemed short lived.
In April 1870, 73 Jarrom Street/Corner Havelock Street – a grocer and beer seller – was put up for sale. Occupied by Richard Jewsbury, no name of the beer shop was given. Yet in July 1871, Richard Jewsbury transferred his licence – now called the Richard Cobden – to Peter Smith.
The Richard Cobden was then transferred to Timothy Smith in November 1872. Smith was followed by Jasper Toone, October 1873, and in March 1876 from Toone to John Cramant. Finally it seems the licence was held by Nathaniel Riley who failed to renew in 1877, so letting it expire.