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Richard Potter (businessman)

Richard Potter was a Victorian era English barrister and businessman investor, later chairman of the Great Western Railway.

Background
Potter was the son of Richard Potter, the radical non-conformist Liberal Party MP for Wigan, and founding member of the Little Circle. His uncle was Thomas Potter, the first Lord Mayor of Manchester. His father and uncle were successful businessmen, and investors in John Edward Taylor's new Manchester Guardian newspaper. Their second formation of the Little Circle resulted in pressure being brought to eventually pass the Reform Act 1832. ==Early life==
Early life
Richard Potter was born on 23 July 1817 in Ashton-under-Lyne, Lancashire, the son of Richard Potter and Mary Seddon. Brought up a Unitarian, his father held the seat of Wigan until 1839, replaced by the Radical party's William Ewart. He then moved the family to Gloucester, where he unsuccessfully lost the contest to represent the constituency to Maurice Berkeley, 1st Baron FitzHardinge. Richard Potter Snr died in July 1842. ==Business career==
Business career
After being admitted to the bar in 1840, Potter invested in the timber importing firm Price & Co. based in Gloucester. At the time, the Gloucester Docks served as a major inland port and a significant center for timber trade in Southwest England. Price & Co. From 1849 Price & Co. became involved in supplying timber to William Eassie, who was supplying railway sleepers to the Gloucester and Dean Forest Railway. Eassie's company diversified after the railway boom period, supplying windows and doors, as well as prefabricated wooden huts to the gold prospectors in Australia. ==Railways==
Railways
In 1849, Potter joined the board of the Great Western Railway. An unpopular character, Potter resigned from the GWR board for the first time in 1856. During his period in office he consolidated the GWR stocks, and introduced a superannuation fund for the entire workforce. Potter resigned for a second time in 1865 because the work was preventing attention to his private affairs. The passing of the British North America Act, 1867 included the provision for an Intercolonial Railway to link with the Grand Trunk Railway at Rivière-du-Loup. In 1869, as part of his investment in the Grand Trunk Railway and its proposed recovery after the American Civil War, he lived in Boston. He also lived in New York for a period in 1874. ==Politics==
Politics
In 1864, Potter was canvassed as a potential parliamentary candidate for Pembroke Boroughs. ==Family==
Family
Potter married Laurencina Heyworth, daughter of Liverpool merchant Lawrence Heyworth and his wife Elizabeth (née Aked), on 13 August 1844 at St. Mary the Virgin church in West Derby, Lancashire. The couple had ten children: • Lawrencina (1845–1906), who married Robert Durning HoltCatherine Courtney, Baroness Courtney of Penwith (1847–1929), social worker and internationalist • Mary Elizabeth (1849–1923) • Georgina (1850–1914), on 11 September 1873 she married Daniel Meinertzhagen, of Brookwood Park, Alresford, Hampshire, and 12 Tokenhouse Yard, London, he died 5 June 1910 at Brookwood Park. • Blanche (1851–1905) • Theresa (1852–1893), first wife of Charles Cripps, 1st Baron Parmoor • Margaret Heyworth (1854–1921), who married Henry HobhouseBeatrice Webb, Baroness Passfield (1858–1943), social reformer • Richard (1862–1864) • Rosalind (1865–1949), mother of Kitty Muggeridge. Almost all of Potter's children, in-laws, and grandchildren became well known. ==Standish House and The Argoed, Penalt==
Standish House and The Argoed, Penalt
The family initially lived at Hempsted, Gloucestershire. From 1853, Potter leased Standish House and the surrounding of grounds, located in Standish, Gloucestershire, from James Dutton, 3rd Baron Sherborne. The Potter family moved into the house, and the couple's later three daughters and their son were born there. Potter developed the gardens along managed Victorian era principles, building extensive heated greenhouses to allow the family to eat well. It eventually provided a ready supply of grapes, plus a dedicated mushroom house and watercress beds. A drilled spring provided a steady year round stream, which was landscaped to provide a pond by construction of a brickwall dam. Beneath the dam there was an ice store, allowing year roud supplies of ice. In 1865, Potter bought, The Argoed, a 17th-century house at Penallt, Monmouthshire. ==Death==
Death
In 1882, Lawrencina died and the remaining family members moved out of Standish House. Richard moving to Box House in Minchinhampton, where he died on 1 January 1892. ==References==
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