Bailey’s grandfather, Sir Joseph Bailey (1783-1858), 1st baronet, and his brother Crawshay Bailey (1789-1872), were immensely rich ironmasters who made their fortune through the Nant-y-glo ironworks in South Wales. Sir Joseph was Conservative MP for Worcester, 1835-47, and Breconshire, 1850-8, while Crawshay represented Monmouth boroughs, 1852-68. When Sir Joseph Bailey’s son Joseph Bailey junior (1812-50), Conservative MP for Sudbury, 1837-41, Herefordshire, 1841-50, predeceased him, he was succeeded by his grandson, Joseph Russell Bailey as 2nd baronet in 1858. His grandfather’s personal estate was sworn under £600,000, and Bailey inherited 20,000 acres in Brecknockshire, including the family seat at Glanusk Park, and 4,800 acres in Herefordshire.
Bailey came forward as a Conservative for his father’s old constituency, Herefordshire, at the 1865 general election and was returned unopposed after declaring his support for a reduction, and when practicable, the abolition of the malt duty.
Bailey became a more regular speaker after 1868 and represented Herefordshire until the 1885 general election, when he offered for the newly created southern division of the county, but was defeated. He was, however, returned for Hereford city at the general election the following year and retired at the 1892 dissolution. As a parliamentarian Bailey ‘did not obtrude himself on the notice of the House by making many speeches, [but] did a great deal of useful public work as a member of committees’. He was really ‘fond of administrative work as opposed to party politics’, particularly in Brecon, which he served as high sheriff (1864), chairman of the quarter sessions (1883-1900), a county councillor after 1889 and lord lieutenant from 1875 until his death from tuberculosis in 1906.
