In 1870 I was elected Vice-President of the Chamber of Commerce, becoming the President in 1871, and was also made a Fellow of the Royal Statistical Society of London. My work at the chamber was very pleasant and congenial, and together with the late Mr. Lamport, Mr. Philip Rathbone, and Mr. John Patterson, we did a good deal in moulding the commercial legislation of that time, the Merchant Shipping Bill and the Bankruptcy Bill being drafted by our Commercial Law Committee.
In 1878 the Liverpool Chamber of Commerce was reconstituted, the old chamber having got into bad repute through becoming too political. The election of the president of the re-organised chamber was left to the vote of the three thousand subscribers to the Exchange News Room. Eight names were submitted, and I was elected president for the second time. During the following three years excellent work was done by the chamber, it became very influential with the Government and took rank as the first chamber in the country. We declined all invitations to be associated with other chambers, deeming that Liverpool was sufficiently strong and powerful to stand alone, and in this I think we acted wisely.
American Chamber of Commerce.
The American Chamber of Commerce existed for the purpose of safeguarding the interests of the American trade, and was supported by dues levied on every bale of cotton imported into Liverpool. In its day it did great and useful work, and accumulated quite a large capital, which it spent in giving very gorgeous banquets to the American Ministers and distinguished strangers. I became president of this chamber in 1872, and during my term of office we entertained General Skenk, the new American Minister, and others.
Joint Committee on Railway Rates.
In 1873 an attempt was made by the London and North-Western Railway to amalgamate with the Lancashire and Yorkshire Railway. This aroused great indignation. Liverpool was already suffering severely from the high railway charges levied upon her commerce, and it was feared that the proposed amalgamation would increase these charges. Meetings were held, and in the end all the towns in Lancashire and Yorkshire were invited to join with Liverpool in opposing the scheme in Parliament. I was elected the chairman of this Joint Committee, and we inaugurated an active Parliamentary campaign. We induced Parliament to remit the bill to a joint Committee of Lords and Commons. The bill was thrown out, and our suggestion that a railway tribunal to try cases of unfair charges should be formed was accepted, and is now known as the Railway Commission; but by a strange irony of fate, it has become too expensive to be used by the users of the railways, and is now mainly occupied in settling differences between railway companies themselves.
The United Cotton Association.
In 1877 there was some friction between the various cotton interests, brokers, and merchants, and an association—entitled "The United Cotton Association"—was formed to endeavour to bring all the branches of the trade together and to remodel the rules, and I was elected chairman. Up to this time the Brokers' Association ruled the market, and as many brokers had become also merchants it was felt that some re-arrangement of the relative positions of brokers and merchants was necessary. The position of chairman was one of considerable delicacy, as a very unpleasant feeling had grown up between merchants and brokers, and there existed considerable friction; however, in the end we managed to compose these difficulties and to lay the foundation of the Cotton Association which now rules the trade.