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See also: British See also: merchant and banker, founder of the banking-See also: house of See also: Brown,
See also: Shipley & Co., was See also: born at See also: Ballymena, See also: Ireland, on the 3oth of May 1784, the son of an Irish See also: linen-merchant
.
At the age of sixteen he accompanied his See also: father and See also: brothers to Baltimore, See also: Maryland, U.S.A., whither it had been decided to transfer the See also: family business, but in 1809 See also: left See also: America for Liverpool
.
Here he established a branch of the See also: firm, which had now begun to See also: deal largely in raw See also: cotton as well as linen and soon afterwards See also: developed into one of general merchants and finally bankers
.
Brown became one of the leaders in Liverpool commerce, and in 1832 took a See also: principal share in the reform of the See also: system of See also: dock-management then in vogue at that See also: port
.
The See also: great See also: financial crisis of 1837 seriously threatened the ruin of the firm, but on Brown's urgent representations as to the multiplicity of interests involved the See also: Bank of See also: England agreed to advance him £2,000,000 to See also: tide matters over
.
Actually Brown only found it necessary to apply for £1,000,000, which he repaid within six months
.
His business, both See also: mercantile and banking, continued to increase, and in 1844 he was in possession of a See also: sixth of the See also: trade between Great Britain and the See also: United States
.
" There is hardly," declared See also: Richard See also: Cobden at this See also: period, " a See also: wind that blows, or a tide that flows in the See also: Mersey, that does not bring a See also: ship freighted with cotton or some other costly commodity for Mr Brown's house." In 1856 the See also: friction between the British and See also: American governments due to the enlistment by British consuls of recruits for the See also: Crimean War was largely allayed by the See also: action of Brown, who in an interview with See also: Lord Palmerston, then See also: prime-See also: minister, explained the objections taken in America
.
From 1846 to 1859 he was Liberal M.P. for See also: South See also: Lancashire
.
In 186o he presented Liver-See also: pool with a public library and museum, and in 1863 was made a See also: baronet
.
He died at Liverpool in 1864
.
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