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BROWN, SIR WILLIAM, BART

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Originally appearing in Volume V04, Page 663 of the 1911 Encyclopedia Britannica.
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BROWN, See also:SIR See also:WILLIAM, See also:BART . (1784–1864), See also:British See also:merchant and banker, founder of the banking-See also:house of 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 See also:age of sixteen he accompanied his See also:father and See also:brothers to See also:Baltimore, See also:Maryland, U.S.A., whither it had been decided to See also:transfer the See also:family business, but in 1809 See also:left See also:America for See also:Liverpool. Here he established a See also: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 See also:general merchants and finally bankers. Brown became one of the leaders in Liverpool See also:commerce, and in 1832 took a See also:principal See also:share in the reform of the See also:system of See also:dock-management then in See also: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 See also:possession of a See also:sixth of the See also:trade between Great See also: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 See also:War was largely allayed by the See also:action of Brown, who in an interview with See also:Lord See also: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 See also: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.

End of Article: BROWN, SIR WILLIAM, BART

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