Foster was the youngest of seven children born to Henry Foster, an ironmaster of Cheshire yeoman stock, whose wife had inherited iron works and substantial property in Stourbridge on the death in 1771 of her first husband, a Quaker by descent, related to the Darbys of Coalbrookdale. Henry Foster died in 1793 worth an estimated £2,500, having entrusted his property, tools, stock and articles of trade to his brothers James, William and Thomas, of Nantwich, Cheshire, directing them to pay his wife (d. 1813) £10 immediately and £45 a year, and to ensure that his children inherited in equal shares. He left his stepson, the ironmaster John Bradley (1769-1816), who is credited with bringing up his stepbrothers in the trade, £400, provided he relinquished all claim to his estate.
Amid growing concern at the impotence of the ironmasters’ lobby during the 1830 depression, Foster was requisitioned to stand for Wenlock at the general election that summer ‘by members of the iron trade, and others ... convinced of the necessity of having some gentleman immediately connected with the manufacturing interests of this neighbourhood returned to represent them in Parliament’; a committee established in his interest in Wolverhampton raised £293.
Foster stayed at Batt’s Hotel when in London on commercial or parliamentary business, attended the House rarely, made no known speeches and voted consistently for reform. He divided for the reintroduced bill at its second reading, 6 July, and against making the 1831 census the determinant for borough disfranchisements, 19 July 1831. He was one of the ironmasters delegated to present ‘their complaint of the state of their trade’ to Lord Grey, 21 July, of whom Littleton wrote: ‘they took nothing by their motion of course. I was quite ashamed of taking them, and told Lord Grey so’.
The distresses in our trade from low prices have compelled me to get my head to work again, and I am going this summer to have my hands tied very full in the erection and contrivance of some additional machinery to economize the expenses of manufacturing iron, for unless that can be done, at present prices (with the determination of ministers not to alter the present currency laws) we ironmasters must all go into the Gazette [be bankrupted] together.
Add. 37186, f. 254.
He voted for the bill’s third reading, 22 Mar., but was ‘absent in the country’ when the address requesting the king to appoint only ministers who would carry it unimpaired was adopted, 10 May. He divided with government on the Russian-Dutch loan, 12 July 1832. That summer, he patented a process he had developed at Chillington for transferring molten iron directly from the blast furnace to the puddling furnaces.
Foster, who was reputedly brusque in manner and increasingly afflicted by deafness, did not stand for Parliament again, but he remained an active lobbyist for his trade, and from 1834 he was chairman of the Stourbridge and Kidderminster Bank, which became part of the Midland Group.
