Smith, a partner in the family banks at Nottingham, London and Hull, and from 1806 at Derby,
Smith followed Carrington’s line of opposition in the Parliament of 1807, but took it further than his brother. On 7 July 1807 he supported inquiry into places and pensions, stating that the ‘middling class’ of his constituents were unconvinced on parliamentary independence: ‘He was as adverse to the diminution of the crown at that moment, as he was to the disunion of the people by a religious cry’. He was an invariable supporter of Catholic relief, stating his case for it on 1 June 1810.
Smith deprecated alarm in the House about the activities of Luddite machine-breakers in Nottingham, 6 Feb. 1812. He blamed the sheer misery caused by unemployment and accepted the bill against frame breaking, 14 Feb., but not the Nottingham peace bill of even date; before it passed, he also became critical of the former bill. He supported a select committee on the framework knitters’ distress, 8 May, but the ensuing bill was rejected by the Lords. That session he also supported legislation to prevent the embezzlement of securities for money, 25 Feb., and advocated Irish tithe reform, 23 June—he had voted for it on 13 Apr. 1810. He supported retrenchment and sinecure reform and on 21 May 1812 voted for a more efficient administration.
Smith headed the poll in the Whig triumph at Nottingham in 1812 and acted steadily in opposition throughout the ensuing Parliament. He championed the Princess of Wales in debate, 17 Mar. 1813. He was not particularly critical of the chancellor’s finance plan, 26 Mar., seeing no harm in the application of the sinking fund to forestall additional taxation. On 6 Apr. he presented his constituents’ petition for peace, describing their economic distress: he had appealed to Whitbread beforehand to bring in a motion in conformity with the prayer of the petition.
Smith opposed the resumption of hostilities with Buonaparte by speech and vote, 7, 28 Apr., 25 May 1815; seconding the amendment on the latter date, he said that the country could ill afford war. He voted steadily for retrenchment. Presenting his constituents’ petition against the property tax, 28 Feb. 1816, he rebuked ministers for their delusions about the flourishing state of the country: distress had never been greater. He objected to mock economies, 25 Apr., and in accordance with his constituents’ wishes opposed the loan to Austria, 28 May. He opposed the suspension of habeas corpus in February 1817, again prompted by his constituents. He informed the House, 28 Feb., that he had recently been in France and had now to endorse a Frenchman’s claim to him that ‘all the boast of English freedom was a mockery’. He dismissed reports of radical societies and insurrection as ‘humbug’. He objected to capital punishment under the seditious meetings prevention bill, 10 Mar., and two days later advised the House not to reject petitions for reform because they were irregular. He voted for reform on Burdett’s motion, 20 May, and again opposed the suspension of habeas corpus in June. He admitted the inaccuracy of allegations about one detainee in Folkstone’s motion against the operation of the Act, 17 Feb. 1818, but supported it because other allegations might well be true. He excepted the Duke of Kent from his opposition to the royal dukes’ marriage grants, 15 May 1818. He voted for the repeal of the Septennial Act and against the aliens bill, 19 May, and supported Brougham’s motion on popular education, 3 June.
Smith gave up the hurly-burly of Nottingham elections for a quiet seat on his brother’s interest in 1818. His philanthropic tendencies were by then strongly developed.
Smith, who had signed the requisition to Tierney to lead the opposition in 1818, continued to act with them, though his attendance was less regular than before. He disagreed, however, with a hasty resumption of cash payments by the Bank, preferring to leave it to the directors’ discretion, 25 May 1819. He would support the seditious meetings prevention bill only if its duration were limited, 2 Dec. 1819, and he voted in that sense, deprecating alarmism, 6 Dec. He favoured public relief for the distressed manufacturing districts, 9 Dec., admitting that machines had increased unemployment. He was an admirer of Robert Owen’s experiment at New Lanark, which he had viewed for himself and thought worthy of the House’s attention, 16 Dec. On behalf of the London publishers and booksellers, whose petitions he presented, he opposed the penalties under the blasphemous libel bill and the stamp duties bill. On 24 Dec. he defended the London merchant’s petition on commercial distress, which he had been invited to present, against a charge of its having been concocted by the government. Smith died 20 Jan. 1842.
