Poulett Thomson’s great-grandfather John Thomson (d.1746) was an Edinburgh banker. His only son Andrew Thomson entered the Russian trade and by 1755 was established in London at 7 Austin Friars. His firm, which had other premises at 32 Old Bethlem and an office in St. Petersburg, was styled Thomson and Peters by 1763, and Thomson, Peters, Bonar and Thomson by 1791. His principal partner in his later years was his nephew and son-in-law Thomas Bonar (the son of his sister Agnes and Andrew Bonar, who married his daughter Anne in 1779). He acquired property at Roehampton, fathered several illegitimate children, including the merchant, philanthropist and art collector John Julius Angerstein, and died, ‘in his 84th year’, 11 Feb. 1795.
Their brother Charles Edward, John Thomson’s youngest child, had a ‘constitutional weakness’ from birth and was always prey to ‘continued and harassing infirmities’. He was a pretty boy and a favourite of George III, to whom the family were introduced at Weymouth in 1803: his brother claimed to recall the king forcing Pitt, to his immense embarrassment, to dandle and kiss the child before an audience of smirking courtiers. After a private education he was sent in 1815 to St. Petersburg to be trained for the family business, currently under the direction of his brother Andrew. He was introduced to high Russian society and acquired the ‘peculiar charm of manner’ and ‘polished tone’ for which he became noted. After recovering from a long illness he returned to England in the autumn of 1817 and then accompanied his doting mother and two youngest sisters on a tour of northern Italy and Switzerland. In the summer of 1818 he took the waters at Valdagno and Recora, before rejoining his family and wintering in Naples. The following summer he travelled home with his brother George, who had joined him in Italy, and spent the winter in the London counting house. Irked by this drudgery, and being fluent in French, German, Italian and Russian, he nurtured diplomatic ambitions, but all attempts to place him failed. He went back to St. Petersburg in April 1821, now entrusted with a share in the conduct and profits of the business. He visited Moscow and central Russia the following year, and in August 1823 went on a tour of the south-east which took him to Vienna for the winter. He went from there in the spring of 1824 to Paris to attend his dying mother. He subsequently returned to London and played his part in the business, which he took charge of when Andrew was away.
Poulett Thomson, who had his fingers slightly burnt as a result of some South American mining speculations in the financial panic of 1825-6, developed ‘strong opinions of a liberal character’, in contrast to the Tory views of his father. He made the acquaintance of the leading Utilitarians and philosophic radicals, attended meetings of the Political Economy Club, where he became friendly with Lord Althorp* and took lessons in economics from John McCulloch.
Poulett Thomson voted in the minority of 24 for Hume’s amendment to the address, 21 Nov. 1826. He divided against the duke of Clarence’s annuity, 16 Feb., 2 Mar., and the garrisons grant, 20 Feb. 1827. He presented a Dover petition against the corn laws, 26 Feb., and voted to relax them, 9, 27 Mar.
On the Wellington administration’s budget statement, 12 Feb. 1828, he tried to exploit apparently contradictory statements by Huskisson and Peel on the scope of the finance committee, and went on:
Ministers, he had no doubt, did not wish to keep up large military establishments, but they were in a great measure controlled by the aristocracy ... who returned a majority of the Members of that House, and who urged them to many measures to which they would otherwise be repugnant.
He had more to say on this theme, 22 Feb., though he was reluctant to support Hume’s call for extensive reductions in the armed forces. He presented petitions for repeal of the Test Acts, 18, 21, 26 Feb., 17 Mar., and took pleasure in voting in the ‘wholly unexpected’ majority for it, 26 Feb. Two days later he wrote to his brother:
Thanks for your congratulations on what you are pleased to call my success in Parliament. I wish it were greater, but still, if I am permitted to proceed, I trust I may improve upon it. To the justice of every one of your maxims I entirely subscribe. The speech which I made last year, which gained me what little credit I have, is the best illustration of the principal one. A man who tells the House facts with which the majority are unacquainted, is sure to be listened to, and a reputation for doing so will procure him attention upon other points on which he, perhaps, does not deserve it. But a parliamentary reputation is like a woman’s. It must be exposed as little as possible. And I am so sensible of this, that I would willingly abstain from opening my mouth more than once or twice in a session. I have latterly been obliged to infringe this rule more than I wish, but it has only been in committees, which are parliamentarily sans consequence. I hope to have one or two occasions for a splash, but I shall not go out of my way for them. This, to be sure, is all sad manoeuvring. But still, it is a means to being useful hereafter and therefore must be submitted to ... Now and then it occurs to me that some ten or fifteen years hence, when I am broken in health, in constitution and in spirits, and disappointed in both fortune and ambition ... I shall envy your position, and regret the useless waste of time, health, and money of the present day.
Mem. Sydenham, 20-21.
Poulett Thomson, who voted for the disfranchisement of East Retford, 21 Mar., and for relaxation of the corn laws, 22, 29 Apr., continued to build up his reputation as a proponent of Ricardian economics. He was unhappy with the passengers regulation bill, 18, 24 Mar., objected to protection of the British lead industry, 1 Apr., advocated free trade in corn and silk and opposed wage regulation, 21 Apr., and supported reform of the laws governing friendly societies, 22 Apr. He moved for inquiry into the Hibernian Joint-Stock Company, 24 Apr., but gave up the motion a week later. He was against inquiry into the wool trade, 28 Apr., and called for a speedy settlement of the problem of protection against foreign wool, 1 May. He presented petitions for Catholic relief, 5 May, and voted for it, 12 May. He opposed the provision for Canning’s family on ‘constitutional’ grounds, 13 May, and was in the minority of 14 against it, 22 May. He voted for a return of civil list pensions, 20 May, and paired for Hume’s motion for their reduction, 10 June. On 20 May he spoke at some length in support of his motion for leave to introduce a bill to amend the usury laws which, he said, impeded fair competition and contributed to commercial distress, crime and misery. He brought it in, 5 June, and saw it through a second reading by 52-40, 19 June, but was forced by the strength of hostile feeling to abandon it.
If those great questions ... are to be subjected to the clumsy examinations of those who do not understand them ... where ... are we to look for an end of their inquiries? Under such a system, the country must become the scene of the most ruinous fluctuations and changes ... The course of policy has been taken, from which there is no return.
He voted for various economies, 20, 23 June, 4, 7 July, inquiry into abuses in the Irish church and against throwing East Retford into the hundreds, 24 June, against the additional churches bill, 30 June, and for the corporate funds bill, 10 July. He exhorted ministers not to increase the duty on foreign gloves, 26 June, and tobacco, 30 June, and supported repeal of the Foreign Enlistment Act on commercial grounds, 3 July. He welcomed that aspect of the pilotage bill which safeguarded the rights of Cinque Port pilots wishing to work west of Gravesend, 10 July, when his motion to reduce the duty on Indian manufactured silk goods was carried by the casting vote of the chairman. He defended the alteration against the attacks of spokesmen for the silk industry, 14 July, but could not prevent its reversal by 37-34. He complained next day that he had been beaten by a resort to ‘brushing in votes’, and on 16 July made a bid to reinstate his amendment, but was beaten by 48-31. He quizzed the chancellor, Goulburn, on his budget statement and advocated reduced taxation and free trade, 11 July, and on the national debt bill, 17 July, called for a limitation on the surplus applicable to the sinking fund. In September 1828 he apparently refused an offer of office from the Wellington ministry.
Poulett Thomson, just back from a stay in France, dismissed a Dover petition against Catholic claims presented by his colleague Trant as unrepresentative and presented favourable ones, 3 Mar. 1829. He spoke and voted for emancipation, 6, 16, 19, 20 Mar., but he differed from many of his political associates by approving the relief bill’s suppression of Jesuit and other Catholic monastic institutions, which he felt would destroy ‘the nucleus of that resisting power to the principles of civil liberty, of which we have seen so much, of late, in Europe’. He could not, however, go along with Vyvyan’s attempt to deprive Jesuits of their privileges under the Act of 1791. He opposed the West India dock bill, 14 Apr., and objected to that company’s proposed purchase of the city canal, 16 Apr., because it was ‘of the highest importance to discourage monopolies of all descriptions’. He applauded Vesey Fitzgerald’s resistance to Fyler’s motion for inquiry into the silk trade, 14 Apr.:
I am no rash theorist, I am not desirous of carrying a favourite principle into operation at the expense of existing interests; but I maintain that your only course is a gradual, a progressive, but a steady approach to a free system; and ... that the very essence of commercial and manufacturing industry, is freedom from legislative interference and legislative protection.
He supported, with minor reservations, the silk trade bill, 1, 7 May. He denounced the corn laws as ‘a tax which was laid on the people in general for the benefit of a particular class’, 7 May, and was in the minority of 12 for a fixed duty on corn, 19 May. Yet, as he privately indicated to a friend who pressed him to take a parliamentary initiative on free trade, he was conscious of the restraints on action:
I like your doctrine very well, but you fall into the line of which my friends the Utilitarians are but too justly accused, and with which you, as with them, will go further to defeat the extension of your principles, than your reasoning will go to establish them. You, like them, begin every discussion by telling those who differ from you that they are d--d fools, not exactly the way to put them in an humour for cool argument. You seem besides to have formed a most erroneous judgment of the facility with which any improvement can be carried into effect. To propose, to legislate, and to act on your law, you seem to think follow one another as glibly as cause and effect. Why, God bless you, the majority of the House of Commons, ay, 600 of the 650 senators, are opposed upon principle to any change, be it what it may; and a whole session could be readily spent by them in considering whether they had better consider.
Mem. Sydenham, 35-36.
(Denis Le Marchant† thought Poulett Thomson’s lack of a conventional education, by depriving him of ‘social intercourse with young men of the class and position amongst which he now found himself’, caused him to rate their abilities ‘too low’.)
Poulett Thomson had been assured by Huskisson in October 1829 that reports of distress in the north of England were ‘grossly exaggerated’;
He was ... clever, and thoroughly conversant with business; as he proved ... by the comprehensive view he took of the fiscal policy of the country, and his exposure of the vicious character of many of the existing duties ... He wanted the fullness and depth, and, it must be admitted, the modesty of Mr. Huskisson, for he had a dogmatism of tone and manner ill-suited to his youthful appearance; but in a ready flow of words, an animated diction, and the advantage of voice and delivery, he was incomparably the superior.
Le Marchant, 237-8.
Lord Grey’s son Lord Howick* thought the speech was ‘very good’, but Bankes deemed it ‘tedious’ and delivered ‘in the tone and manner of a whining Methodist preacher’.
I am ready to allow ... government some credit for a disposition to economy, although that disposition has probably been stimulated by the prayers and petitions of the people; but it is too much to see them take to themselves the infinite credit which they do on the subject.
He spoke against inquiry into the shipping interest, 6 May, opposed a return to a silver standard, 8 June, and denounced government’s proposals on the sugar duties as ‘injurious to the country’, 21 June. He was called to order for renewing his attack on them when there was no question before the House, 23 June, and he supported Lord Chandos’s attempt to reduce the duty on West Indian sugar, 30 June. He voted for Jewish emancipation, 5 Apr., 17 May, abolition of the Irish lord lieutenancy, 11 May, inquiries into Newfoundland, 11 May, the civil government of Canada, 25 May, and the commerce of Ceylon, 27 May, and parliamentary reform, 28 May. He reintroduced his usury laws amendment bill, 6 Apr., carried its second reading by 50-21, 26 Apr., and saw it through committee, where he accepted various amendments to it, but it never received a third reading. He presented petitions against the Dover improvement bill, 3, 6 May. He called for a simplification of bankruptcy procedure, 14 May, voted for abolition of the death penalty for forgery, 24 May, 7 June, and spoke and voted against an increase in the recognizances required under the libel law bill, 9 July 1830.
At the general election that summer Poulett Thomson, having declined an invitation to stand for London, offered again for Dover. He had damaged himself in some quarters by supporting Catholic emancipation, and when he was quizzed at a meeting of London voters, 2 July, he expended so much nervous energy in defending himself that he collapsed and had to be assisted from the overheated room. He was returned easily enough after a rowdy contest.
What a glorious revolution! Does it not raise your admiration of the state of the public mind there and demonstrate the fruits of the complete change of feeling, of education, and of prejudice which has been brought about by the first great change of `89? ... As for interference by our government, that must certainly be out of the question, but surely these events cannot pass so near us without producing positive good. The day is gone by when people’s fears can be excited as in ’92 and ’93 ... and if so, reform of our institutions will be called for too loudly for the duke or any government to refuse it.
His only anxiety, expressed earlier to Fazakerley, was that Althorp’s diffidence might prevent him from doing justice to the question of ‘a general reform’ in the House, where he was the man best equipped to take it up.
when Lord Grey’s government was formed ... he was averse to take office, but Althorp declared he would not come in unless Thomson did also, and that, knowing the importance of Althorp’s accession to the government, he sacrificed a large income and took the board of trade; that when this was offered to him, he was asked whether he cared if he was president or vice-president, as they wished to make Lord Auckland president if he (Poulett Thomson) had no objection. He said, provided the president was not in the cabinet, he did not care; and accordingly he condescended to be vice-president, knowing that all the business must be done in the House of Commons, and that he must be (as in fact he said he was) the virtual head of the office. All this was told with a good-natured and smiling complacency, which made me laugh internally.
Greville Mems. iii. 272-3.
Poulett Thomson’s ‘sudden’ elevation excited considerable surprise and no little alarm, for he was known as ‘a radical merchant’ of doctrinaire views. Greville described him, curiously, as ‘an ultra political communist’; and Edward Littleton* observed that ‘although a clever man’, he ‘is a merchant, and the greatest of purists and political economists, and at whose names every Tory turns red or pale, as rage or fever predominates’.
As a minister Poulett Thomson, whose appointment advanced the development of the board of trade along Benthamite and Ricardian lines, rarely spoke on anything but departmental business.
Poulett Thomson, who in mid-May 1831 perceived ‘a more promising aspect’ in the money markets, was privately mocked by Macaulay for his ‘ludicrous sort of flirtation’ with Mrs. Marcet, a political economist 30 years his senior.
Poulett Thomson, who was of course in the government majority on Lord Ebrington’s confidence motion, 10 Oct., went to Paris on 2 Nov. 1831, partly with the intention of seeing if ‘something may be brought to bear upon their commercial system’. In consultation with the French authorities he conceived the idea of setting up a joint commission to investigate commercial relations between the two countries and, by exposing ‘the absurdities of the present system’, to prepare the way for a thorough revision of the tariffs. He got permission from London to prolong his stay in order to set it on foot, but a hitch arose over his wish to make Bowring, who was on the spot compiling a report on French public accounts, one of the commissioners. Lord Palmerston*, the foreign secretary, was particularly hostile to the employment of Bowring, ‘a theorist, and a jobber’; but Poulett Thomson threatened to wash his hands of the scheme rather than see it ‘marred’ and eventually got his way. Bowring was joined by George Villiers, a commissioner of customs, and Poulett Thomson left Paris on 3 Dec. 1831, having seen the first session of the commission, which in truth accomplished little, fairly under way.
I cannot believe that you will consent to retrograde. If you do, you are lost. Not you of the government only but the country, for if you lose the confidence of the people, which you must do unless you take measures, and those directly, for making sure of the reform bill, the battle will be between the Tories and the people, and chaos must ensue. Depend upon it, there must be in these times no faltering.
He admitted that
the unions are indeed awkward things, but they are the necessary consequences of the folly of the Tories, and you can only check them by passing the bill or showing that you have the means and the determination to do it. Here you see we have made a batch of 36 peers in order to destroy the peerage. Cannot you make as many to save it?
Add. 76382, Poulett Thomson to Althorp, 11, 18, 21 Nov. 1831.
It was at this time that Greville, at a loss ‘to understand the enormous unpopularity’ of Poulett Thomson, who ‘appears civil, well-bred, intelligent, and agreeable (only rather a coxcomb)’, had it explained to him by ‘a person who knows him well’:
He was originally a merchant, and had a quantity of counting-house knowledge. He became a member of a club of political economists ... [in which] there were some obscure but very able men, and by them he got crammed with the principles of commerce and political economy, and from his mercantile connections he got facts. He possessed great industry and sufficient ability to work up the materials he thus acquired into a very plausible exhibition of knowledge upon these subjects; and having opportunities of preparing himself for every particular question, and the advantage of addressing an audience the greater part of which is profoundly ignorant, he passed for a young man of extraordinary ability and profound knowledge, and amongst the greatest of his admirers was Althorp, who, when the Whigs came in, promoted him to his present situation. Since he has been there he has not had the same opportunities of learning his lesson from others behind the curtain, and the envy which always attends success has delighted to pull down his reputation, so that he now appears something like the jackdaw stripped of the peacock’s feathers.
Greville Mems. ii. 222-3.
On 15 Dec. 1831 Poulett Thomson moved the reappointment of the West Indian committee, acquiesced in the introduction of Sadler’s bill to regulate the employment of children in factories and explained the precautions taken against cholera. Opposing Davies’s motion for inquiry into the glove trade, 31 Jan. 1832, he admitted the existence of distress, but denied that it was caused by French imports. In a debate on the budget, 6 Feb., he replied ‘admirably’, as Thomas Spring Rice* thought, to opposition attacks on the government’s handling of the economy. As Littleton saw it, he ‘carried the war into the enemy’s quarter’ and ‘wrung Peel’s withers’ by pointing out his failure to support in opposition the same liberal commercial policies which he had espoused in power.
A week of the hardest possible labour. I have not returned from the House any day till three o’clock ... It is impossible to stand this. I find my body quite exhausted, and my mind equally worn out. All this week I have alternated between the bank and silk committees, and then the House. On ... [25 July] I carried my bill through the committee; was at it from five till two in the morning, nine mortal hours! ... I passed my bill today, thank God!
He resisted attempts to have daily returns of cholera cases published, 21, 26 July. He supported the forgery punishment bill, claiming that City opinion strongly favoured abolition of the death penalty, which made juries reluctant to convict, 31 July 1832.
At the close of the session he went on a two-month tour of the manufacturing districts of Derbyshire, Lancashire and Scotland.
I am too much broken in health to take much more than the interest of a spectator in the political struggle ... next session, and I shall not be at all sorry for the opportunity of trying by quiet and amusement to save the remains of my constitution; but I cannot but feel deeply anxious about the country and I am very gloomy about its prospects. The evil which ten years ago I predicted, if we did not liberalize our commercial policy, has fallen on it.
Letters from Lord Sydenham to Lord John Russell ed. P. Knaplund, 19, 55- 59, 68-69, 79-80, 87, 92, 137, 144, 151-4, 160-4.
On 4 Sept. 1841 he was thrown from his horse and sustained a severe injury to his right leg. Gangrene set in, and after lingering in agony for several days he died, ‘just as his most sanguine dreams of ambition had been gratified’.
Ironically, in view of the praise heaped on him by Poulett Thomson in 1831, Bowring wrote very sourly in 1853 of one of the men ‘whom I have been instrumental in bringing into the field of politics’:
He was by no means a man of high capacity, or of remarkable steadfastness and soundness of opinion. Happily the tide of his interests rolled in the current of his knowledge ... His connection with that free-trade citadel [Manchester] ... gave Thomson an influential status in the government, in Parliament, and in the country. Yet he was not the man to conceive, and still less to undertake, anything essentially grand. His free trade schemes were puny, hesitating, and imperfect ... He was ever querulous, impatient, and unteachable when anything was suggested of a more comprehensive and embracing character than a policy founded on an instinct of self-preservation appeared to warrant ... He ... died at an age which might have opened to him very bright prospects, but perhaps he was not winged with strength for a higher flight than that to which he reached.
Bowring, 301-2.
On the other hand Greville, who had no dogmatic axe to grind, wrote a year after Poulett Thomson’s death that he had been ‘underrated’, as his performance in Canada had proved him to be
a man of first-rate capacity, with great ability, discrimination, judgement, firmness and dexterity ... He was always known as a man of extraordinary industry, but nobody knew that he had such a knowledge of human nature and such a power of acquiring influence over others as he evinced when he went to Canada ... This is something very like greatness; these are the materials of which greatness is made - indefatigable industry, great penetration, powers of persuasion, confidence in himself, boldness, firmness, and all those jumbled up with a finikin manner, and a dangling after an old London harridan.
Greville Mems. v. 46-47.
The 3rd earl of Malmesbury remembered him as ‘a remarkably agreeable man’.
