Sir John Bowring†, a fellow liberal and merchant, recalled how Morrison, who at his death was almost certainly the nineteenth century’s richest commoner
told me that he owed all his prosperity to the discovery that the great art of mercantile traffic was to find out sellers rather than buyers; that if you bought cheap, and satisfied yourself with only a fair profit, buyers - the best sort of buyers, those who have money to buy - would come of themselves. He said he found houses engaged with a most expensive machinery, sending travellers about in all directions to seek orders and to effect sales, while he employed travellers to buy instead of to sell, and, if they bought well, there was no fear of his effecting advantageous sales. So, uniting this theory with another, that small profits and quick returns are more profitable in the long run than long credits with great gains, he established one of the largest and most lucrative concerns that has ever existed in London, and was entitled to a name which I have often heard applied to him, ‘the Napoleon of shopkeepers’.
W.D. Rubinstein, ‘British Millionaires, 1809-1949’, BIHR, xlvii (1974), 207 and ‘Victorian Middle Classes’ EcHR (ser. 2), xxx (1977), 610-11; M.J. Daunton, ‘Gentlemanly Capitalism and British Industry, 1820-1914’, P and P, cxxii (1989), 138-40; Bowring, Autobiog. Recollections, 58.
Morrison grew up in Middle Wallop, where his paternal grandfather, a Scot by origin, had settled in the early eighteenth century. His mother died in 1803 and his father, then aged 73, the following year, leaving personal estate valued at under £400 for his four children. The family remained in Middle Wallop but James is said to have been sent to his mother’s kin in Somerset before being apprenticed to a watchmaker and moving to ‘his relatives the Flints’, ready-money haberdashers in London.
remodelled the whole system of the shop in a way so advantageous in its results that he naturally expected to become a partner. The Flints would not, however, do it, so he quitted them and went into a house of the same description, the Todds in Fore Street, Cripplegate. There, being a handsome as well as a clever man, he soon made himself necessary, and captivated Miss Todd, whom he married, and was taken in partnership.
Pol. Economy Club (1921), 255.
In 1817 he travelled in France, where he made useful contacts in the glove and silk trades; and in 1818, when Todd, Morrison and Company’s annual turnover was over £650,000, he became the sole managing partner.
well acquainted with the principal men among the free thinking Christians. He likes the men, but sees reason to doubt their doctrine. He seems to be searching for truth in such a temper of mind that there is good reason for thinking he will find it.
Southey’s Life and Corresp. (1849), v. 144-5.
He remained a lifelong member of the Church of England.
He first became a parliamentary candidate in September 1825, when the radical Joseph Hume*, who turned it down, recommended him and another liberal merchant, Charles Poulett Thomson*, for Dover.
Combining mercantile interests with the pursuit of knowledge and self-improvement, Morrison took his family to Naples in January 1827 and Carlsbad in 1828, paid £16,500 that year for a 400-acre estate and oyster bed at Wallasea, Essex and rented The Pavilion at Fonthill from George Mortimer for the summer of 1829.
The Wellington ministry counted Morrison, who sat close to but did not vote slavishly with Hume, among their ‘foes’, and he divided against them when they were brought down on the civil list, 15 Nov. 1830. He spoke infrequently and tended to overburden his speeches with financial detail, but he was respected from the outset as an expert on trade, manufacturing and finance, attended policy meetings in the chancellor of the exchequer Lord Althorp’s private rooms and was appointed to the public accounts select committee, 17 Feb. 1831.
He voted for the second reading of the reintroduced reform bill, 6 July, against adjournment, 12 July 1831, and divided steadily for its details. He voted for the bill’s passage, 21 Sept., and Lord Ebrington’s confidence motion, 10 Oct. 1831. Unlike Wason, one of its chief advocates, he voted in the minority against suspending the Liverpool writ, 5 Sept. He divided for the second reading of the revised reform bill, 17 Dec. 1831, its details and its third reading, 22 Mar. 1832. He voted for the address calling on the king to appoint only ministers who would pass the bill unimpaired, 10 May, and celebrated its enactment with a reform festival at Fonthill.
Morrison was appointed to select committees on the East India Company, 27 Jan., the silk trade, 5 Mar., and renewal of the Bank of England’s charter, 23 May 1832. His contributions to debate again reflected his trading interests and mercantile expertise. He repeated his support for fixed duties on corn when Lord Milton called for a report on foreign prices, 24 June. He spoke for inquiry into distress in the glove trade, which he attributed to the change in fashion from beaver to kid, lower exports to America and greater use of cotton gloves, 31 Jan. According to Thomas Raikes, when later that evening he asked the Tory whip William Homes for a ‘pair’, the latter quipped, ‘Of what ... gloves or stockings?’
Standing as a Liberal, Morrison topped the poll at Ipswich in 1832, and he was returned there again at a by-election in 1835 after the poll at the general election was voided.
His great merit was that he made the fortunes of many other City men ... There was no trade of which he did not find out the trickery and guard himself against its consequences.
The Times, 2 Nov. 1857.
