Paget’s Unitarian father was a noted cattle breeder who turned to banking in Leicester in partnership with the Pares family. Paget joined the firm on coming of age, married the sister of Thomas Pares, the future Member for the borough, in 1807 and succeeded to his father’s partnership in 1824. He quickly sold out and established the bank of Paget and Kirby in 1825.
At the general election of 1830 Paget, prompted and backed by his fellow dissidents in the borough, came forward for the county in opposition to the interest of the Tory 5th duke of Rutland, whose brother Lord Robert Manners had occupied one seat for almost 24 years. He was not quite accurately described to Lord Holland as ‘a Whig ... of the old school’,
Paget voted for the second reading of the reintroduced reform bill, 6 July 1831, and divided steadily for most but not all of its details. He was in the minority for the disfranchisement of Saltash, 26 July. On 30 June he had given notice that he would move an instruction to the committee against the proposed division of counties. He advocated this ‘crotchet’ at a party meeting at Lord Althorp’s*, 11 July, and duly voted in the minority on the issue, 11 Aug.
Paget divided for the second reading of the revised reform bill, 17 Dec. 1831, and supported the bulk of its detailed provisions, but was in minorities against the enfranchisement of £50 tenants-at-will, 1 Feb., for the enfranchisement of all tax-paying householders, 2 Feb., and for Hunt’s proposal that election expenses should be met out of corporate funds and county rates, 15 Feb. 1832, when he predicted that as it stood the measure would exclude from the House all but ‘the superfluously rich, or the adventurous poor’. He supported the prayer of a Stamford petition against the imposition of the £10 franchise on former scot and lot boroughs, 19 Mar. He divided for the third reading, 22 Mar. He called for summary relief for hapless litigants in chancery, 20 Jan., and spoke and voted for a reform of select vestries, 23 Jan. When the government seemed to be facing defeat on the Russian-Dutch loan, 26 Jan., some of their supporters persuaded Paget to move the adjournment of the debate on a flimsy pretext, but the ploy failed, and he was in the narrow ministerial majority in the division on the loan.
Paget retired from Parliament at the dissolution of the last unreformed Parliament, but he remained a prominent figure in Leicester radicalism. He was elected to the reformed corporation, 26 Dec. 1835, and appointed mayor, 1 Jan. 1836, the first of seven to be chosen from the Unitarian body. He balked at the extremism of the Chartists.
