Although free of the Ironmongers’ Company, Hicks’s father was a mercer by trade, whose business was continued after his death by Hicks’ mother. Hicks received the same education as his brother Michael, but started lending money in his mother’s lifetime and probably assisted in the family business.
From the mid-1580s Hicks started moving up the Company and city hierarchies, becoming a liveryman in 1586 and a common councilman at the end of the decade. After their mother’s death in 1592, Michael agreed that Hicks should take over the mercery business, and thereafter Hicks accumulated one of the greatest fortunes of his time.
Following Essex’s rising in 1601, Hicks sought to salvage his loans to some of the earl’s accomplices.
It was presumably the rise of his brother-in-law, (Sir) Humphrey May*, to high government office that inspired Hicks at the age of 70 to enter Parliament in 1621. He may at first have intended to stand for the junior seat at Tewkesbury, where his interest was already formidable, but the 5th Lord Chandos (Grey Brydges†) wanted the place for a kinsman. Instead, he was found a seat at Tavistock, presumably through the mediation of Chandos, whose cousin had married Sir Francis Russell†, the patron of that borough. Once in Parliament, Hicks was appointed to nine committees and made eight recorded speeches. He began badly by failing to keep his hand on the bible when taking the oath, ‘though had his heart’, and had to be sworn again.
One Dorrington owing him £200, being protected by the lord chancellor, is now fled, and so he hath lost his debt. ... Sir Henry Finch*, Serjeant, Mr. John Finch* and Mr. Nathaniel Finch†, owing him likewise £200, have the like protection by the lord chancellor’s means; and so he is also debarred to recover that debt also by any course of justice. ... He desireth not of these men any more than his own principal debt, being lent out of his purse two years since. ... Another called -, owing him £200 more, of which he had judgment against his debtor, yet delayed the execution of it, being unwilling to press too heavy on him, if he might be satisfied otherwise, as the party promised, ... till at length he procured means from the lord chancellor to protect him; on which protection, ... for proceeding in due course of law, [he] was, as he rid in street in London, attached for seeking duly his own.
Nicholas, Procs. 1621, i. 157-8.
He was appointed to consider the naturalization bill for another financier, Philip Burlamachi (19 Mar.) and the Tewkesbury bridge bill (5 May).
During the summer recess Hicks joined with Peter Vanlore and Sir William Cockayne to raise a £30,000 loan for the defence of the Palatinate.
In 1623 Hicks secured the advowson of Campden from the Crown.
At the next general election in 1625 Hicks defeated Sir Robert Tracy* at Tewkesbury. It seems to have been Hicks’s wealth that proved decisive. Not only did Tracy complain that ‘tis not he who brings most in his truest love, but brings most in his purse, shall be accepted’, but also Hicks’s bequests to the town in his will were subsequently entered in the corporation records with a note that the borough’s electoral loyalty was ‘the only cause ... of his great bounty towards us’.
Re-elected at Tewkesbury in 1626, Hicks was appointed to 17 committees but made only one recorded speech, and that an unhelpful response in committee on 25 Mar. to the allegation that his son-in-law Edward Noell† had bought a peerage from Buckingham.
Returned a last time for Tewkesbury in March 1628, Hicks was named to only three committees and made two recorded speeches before being raised to the peerage. He offered a ‘very short’ speech in the committee for grievances (26 Mar.) on the case of a London merchant who had refused to subscribe to the Ditchfield purchase agreement, but to what effect is not known,
After a long illness, during which ‘his bed was but as his rack’,
