In 1792 Gould gave up his military career on inheriting the fortune of his uncle John Morgan and taking his mother’s name. He sat on that ancient family interest for Brecon and from 1796, when he was returned for both seats, for Monmouthshire.
that it is the want of the peerage and not the loss of the house that influences his conduct ... and did he not flatter himself that his apparent dissatisfaction might be the means of approximating the peerage, you would not have received such an answer to your application for his attendance in Parliament.
Perceval (Holland) mss B11, B12; Portland mss PwV114 (patronage book, peerages).
Morgan did not receive a peerage then, or on a further application in April 1814,
Morgan became immensely wealthy, with growing assets from the industrial development of Monmouthshire: in 1820 he was reckoned to be worth £40,000 p.a.
