Mr. James Morrison, the wealthy warehouseman of Cripplegate, started in life as foreman to Mr. Todd, whose daughter he married; and succeeding to his large property, distinguished himself as a sound political economist, and for some years sat in Parliament. He obtained, by purchase, the fine estates of Basilden, in Berkshire, and Fonthill, in Wiltshire: at Basilden, in 1846, the Lord Mayor and Corporation, upon the View of the Thames, were entertained by Mr. Morrison, who then referred with much gratification to his having been brought up in the City of London, “connected with it in a mercantile point of view, and having, by his own industry, obtained every thing he could desire.” He was a man of high commercial character; to which Mr. Edwin Chadwick, at the Meeting of the British Association at Cambridge, in 1862, bore this interesting testimony: “I had the pleasure,” said Mr. Chadwick, “of the acquaintance of perhaps the most wealthy and successful merchant of the last half-century,—a distinguished member of our political economy club, the late Mr. James Morrison,—who assured me, that the leading principles to which he owed his success in life, and which he vindicated as sound elements of economical science, were—always to consult the interests of the consumer, and not, as is the common maxim, to buy cheap and sell dear, but to sell cheap as well as to buy cheap; it being to his interest to widen the area of consumption, and to sell quickly and to the many. The next maxim is involved in the first principle—always to tell the truth, to have no shams: a rule which he confessed he found it most difficult to get his common sellers to adhere to in its integrity, yet most important for success, it being to his interest as a merchant that any ship-captain might come into his warehouse and fill his ship with goods of which he had no technical knowledge, but of which he well knew that only a small profit was charged upon a close ready-money purchasing price, and that go where he would he would find nothing cheaper; it being, moreover, to the merchant’s interest that his bill of prices should be every where received from experience as a truth, and trustworthy evidence so far of a fair market-value. I might cite extensive testimony of the like character to show that the very labour and risks of continued deceits, however common, are detrimental to the successful operation of economic principles, and that sound economy is every where concurrent with high public morality.”