Online Encyclopedia

BART SIR WILLIAM BROWN

Online Encyclopedia
Originally appearing in Volume V04, Page 663 of the 1911 Encyclopedia Britannica.
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BART
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SIR WILLIAM BROWN
  . (1784–1864),
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British merchant and banker, founder of the banking-house of Brown, Shipley & Co., was born at
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Ballymena, Ireland, on the 3oth of May 1784, the son of an Irish
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linen-merchant . At the age of sixteen he accompanied his
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father and brothers to Baltimore,
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Maryland, U.S.A., whither it had been decided to transfer the
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family business, but in 1809
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left
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America for Liverpool . Here he established a branch of the
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firm, which had now begun to
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deal largely in raw cotton as well as linen and soon afterwards
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developed into one of general merchants and finally bankers . Brown became one of the leaders in Liverpool commerce, and in 1832 took a
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principal share in the reform of the
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system of
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dock-management then in vogue at that
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port . The
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great
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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
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Bank of England agreed to advance him £2,000,000 to tide matters over . Actually Brown only found it necessary to apply for £1,000,000, which he repaid within six months . His business, both mercantile and banking, continued to increase, and in 1844 he was in possession of a
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sixth of the trade between Great Britain and the
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United States . " There is hardly," declared Richard Cobden at this period, " a wind that blows, or a tide that flows in the
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Mersey, that does not bring a
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ship freighted with cotton or some other costly commodity for Mr Brown's house." In 1856 the friction between the British and
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American governments due to the enlistment by British consuls of recruits for the
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Crimean War was largely allayed by the
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action of Brown, who in an interview with Lord Palmerston, then prime-minister, explained the objections taken in America . From 1846 to 1859 he was Liberal M.P. for South
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Lancashire . In 186o he presented Liver-
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pool with a public library and museum, and in 1863 was made a
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baronet . He died at Liverpool in 1864 .

End of Article: BART SIR WILLIAM BROWN
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THOMAS BROWN (1663-1704)

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