Personal Recollections of Birmingham and Birmingham MenEdwards, Eliezer
History
Personal Recollections of Birmingham and Birmingham Men
Edwards, Eliezer
Birmingham (England)
very large fortune, and left in full and active operation several very
important trading concerns. Besides his various branches of foreign
commerce, he was a manufacturer of currycombs, iron and brass
candlesticks, frying pans, fenders, cast and cut nails, and various
other goods; and, upon the whole, he may be said to have been the most
active and efficient merchant and manufacturer, of his generation, in
the Midland Counties.
In politics he was one of the very last of the old school of Tories,
and he occasionally acted as a leader of his party in the town. His
extreme opinions, and his blunt speech in relation to these matters,
frequently got him into "hot water." He was not a "newspaper
politician," for, singularly enough, he was rarely seen to look at
a newspaper, even at the news-room (then standing on the site now
occupied by the Inland Revenue Offices, on Bennetts Hill), which he
regularly frequented. Upon political topics, I am not aware that he
ever wrote a single line for publication in his whole life.
Mr. Shaw was very generous to people for whom he had a liking. He
has assisted many scores of struggling men with heavy sums, on loan,
merely out of friendship. I happen to know of one case where he, for
fifteen or twenty years, continuously assisted a brother merchant, to
the tune of L10,000 to L15,000, on merely nominal security, for which
assistance he, for the most part, charged nothing whatever.
In the great panic of 1837, Mr. Shaw, singly, saved the country from
ruin and disaster. At the time when the panic was at its height, and
the tension was as great as the country could bear, it became known
to a few that one of the great financial houses in Liverpool was
in extremities. They had accepted on American account to enormous
amounts, and no remittances were forthcoming. One Birmingham bank
alone held L90,000 worth of their paper, and acceptances to enormous
amounts were held in London, and in every manufacturing centre in
England, Ireland, and Scotland. Application had been made to the Bank
of England for assistance, to the amount of a million and a quarter,
and had been refused. Ruin seemed imminent, not only to the house
itself, but to the whole country. The calamities of 1825 seemed about
to be repeated, and alarm was universal. Mr. Shaw took up the matter
with his usual skill and wonderful energy. He went to London, and
had three interviews with the Governor of the Bank of England and the
Chancellor of the Exchequer--Mr. Francis Baring--in one day. He told
them that they had no choice; that they _must_ grant the required
relief; that to refuse would be equivalent to a revolution, and would
involve national loss to probably fifty times the amount now required.
He undertook to obtain security to a large amount in Birmingham alone.
Only the other day I had in my hand a bill for L8,000, given by one
Birmingham merchant, as a portion of this security. He succeeded. The
relief was granted.
Public-domain text, read in full here on John Shaqi.
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