In politics he was one of the very last of the old school of Tories, and he occasionally acted as a leader of his party in the town. His extreme opinions, and his blunt speech in relation to these matters, frequently got him into "hot water." He was not a "newspaper politician," for, singularly enough, he was rarely seen to look at a newspaper, even at the news-room (then standing on the site now occupied by the Inland Revenue Offices, on Bennetts Hill), which he regularly frequented. Upon political topics, I am not aware that he ever wrote a single line for publication in his whole life.
Mr. Shaw was very generous to people for whom he had a liking. He has assisted many scores of struggling men with heavy sums, on loan, merely out of friendship. I happen to know of one case where he, for fifteen or twenty years, continuously assisted a brother merchant, to the tune of £10,000 to £15,000, on merely nominal security, for which assistance he, for the most part, charged nothing whatever.
In the great panic of 1837, Mr. Shaw, singly, saved the country from ruin and disaster. At the time when the panic was at its height, and the tension was as great as the country could bear, it became known to a few that one of the great financial houses in Liverpool was in extremities. They had accepted on American account to enormous amounts, and no remittances were forthcoming. One Birmingham bank alone held £90,000 worth of their paper, and acceptances to enormous amounts were held in London, and in every manufacturing centre in England, Ireland, and Scotland. Application had been made to the Bank of England for assistance, to the amount of a million and a quarter, and had been refused. Ruin seemed imminent, not only to the house itself, but to the whole country. The calamities of 1825 seemed about to be repeated, and alarm was universal. Mr. Shaw took up the matter with his usual skill and wonderful energy. He went to London, and had three interviews with the Governor of the Bank of England and the Chancellor of the Exchequer--Mr. Francis Baring--in one day. He told them that they had no choice; that they _must_ grant the required relief; that to refuse would be equivalent to a revolution, and would involve national loss to probably fifty times the amount now required. He undertook to obtain security to a large amount in Birmingham alone. Only the other day I had in my hand a bill for £8,000, given by one Birmingham merchant, as a portion of this security. He succeeded. The relief was granted. The house recovered its position, and still holds on its prosperous way; but, except the consciousness of well-doing, Mr. Shaw had no reward. The pecuniary value of his services to his country in this extremity it is impossible to estimate; it is enough to say here that they out-weighed, and cast into the shade, his many personal faults and weaknesses. I have always thought, and still think, that the Government ought at least to have knighted him, as only a very slight acknowledgment of the invaluable and peculiar service he had rendered to the nation.