Heywood was a direct descendant of the ejected Dissenting minister Nathaniel Heywood of Ormskirk (1633-77). His grandfather Benjamin (d. 1795), father Nathaniel (1759-1815) and uncle Benjamin Arthur Heywood (1755-1828) had prospered as bankers, while another uncle, Samuel Heywood (1753-1828), was a Welsh judge. Born in Manchester, he spent his childhood in Liverpool and Everton, received a Dissenter’s private education and studied at Glasgow University with his lifelong friend John Kenrick, before joining the Manchester branch of the family bank, Heywood Brothers and Company (of Manchester and Liverpool) in 1811. A partner from his coming of age in December 1814, he succeeded his father as head of the Manchester branch four months later, and became head of the firm, one of the first to introduce variable interest rates and current and deposit accounts, following the death in 1828 of Benjamin Arthur Heywood, a prominent Liverpool Whig and the corporation’s banker.
Heywood, who never ceased to regard his return as a tribute to the popularity of reform, not himself, was undermined and criticized throughout his parliamentary career by certain Lancashire radicals and anti-reformers, whose speeches and unstamped news sheets disputed his right to sit ‘unfettered’.
Heywood divided with administration on the Dublin election controversy, 23 Aug., and in the minority for issuing the Liverpool writ, 5 Sept. 1831. His pro-government vote on the Russian-Dutch loan, 26 Jan. 1832, was criticized as unnecessary in the Tory press, and the foreign secretary Lord Palmerston afterwards ensured that he was briefed in person on the Belgian question.
Heywood was named to the select committee on the East India Company, 27 Jan., and the committee of secrecy on the Bank of England’s charter, 23 May 1832. His commercial skills and local knowledge as a Lancashire Member were, as he realized, factors in his appointment to the select committee on the silk trade, 5 Mar., four days after drawing on evidence from Congleton, Macclesfield and Manchester to endorse the vice-president of the board of trade Poulett Thomson’s claims that reports of distress generated by foreign competition were exaggerated (1 Mar.).
I have suffered more in health than is externally apparent ... My more immediate connection with the commercial interest has led to my being named on so many committees that from noon until after midnight during five days in the week I am chiefly within the walls of the ... Commons. The confinement is very oppressive, and to one representing a large constituency is not likely to be materially lessened in the first reformed Parliament.
Heywood, 94-101.
A lifelong Liberal and correspondent of Henry Brougham*, he proposed opening temperance rooms to rival the public houses after their party did badly in Lancashire in 1837, and assisted his brother James, Member for Lancashire North, 1847-57, at elections.
