The Grand Old Man by Richard B. Cook
page 17 of 386 (04%)
page 17 of 386 (04%)
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Liverpool exchange, but in London and throughout all England. The
business of the firm became very great and the wealth of its members very large. During the war with Napoleon, on the continent, and the war of 1812 with the United States, the commerce of England, as mistress of the seas, was injured, and the Gladstone firm suffered greatly and was among the first to seek peace, for its own sake and in the interests of trade. In one year the commerce of Liverpool declined to the amount of 140,000 tons, which was about one-fourth of the entire trade, and there was a decrease of more than $100,000 in the dock-dues of that port. John Gladstone was among those who successfully petitioned the British government for a change of its suicidal policy towards the American States. After sixteen years of successful operations, during a part of which time it had been government agent, the firm was dissolved and its business was continued by John Gladstone. His six brothers having followed him from Leith to Liverpool, he took into partnership with him his brother Robert. Their business became very extensive, having a large trade with Russia, and as sugar importers and West India merchants. John Gladstone was the chairman of the West India Association and took an active part in the improvement and enlargement of the docks of Liverpool. In 1814, when the monopoly of the East India Company was broken and the trade of India and China thrown open to competition, the firm of John Gladstone & Company was the first to send a private vessel to Calcutta. John Gladstone was a public-spirited man and took great interest in the welfare of his adopted city. He was ever ready to labor for its prosperity, and consequently endeared himself to the people of all |
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