Beale was born in Birmingham into a family of Unitarian merchants.
Beale, who had extensive commercial interests, helped to found the Birmingham and Midland Bank in 1836, of which he was a director, had shares in other financial establishments, and interests in ironworks in Derbyshire and Yorkshire.
The Midland Railway gave Beale a strong connection with Derby, where the company had its headquarters and was a major local employer. But when Beale came forward as a Liberal candidate in 1857, he was careful to avoid any suggestion that he exercised influence over his employees’ political preferences.
Beale died in 1874, leaving an estate worth £350,000.
