Burrell & Son, Glasgow 1850-1939
The Burrell family was of Northumbrian origin, and grandfather George Burrell moved to Glasgow in the early 1830s. By 1856-1857 George was established as a shipping and forwarding agent at Port Dundas, the Glasgow terminus of the Forth and Clyde Canal. In the following year he was joined by his son (Sir William's father), and henceforward the firm traded under the name of Burrell and Son. Initially its shipowning was confined to vessels small enough to transit the Canal, but in 1866 it took a half-share in an ocean-going steamer and by 1875 a further six steamers had been built for them. Two bore the prefix "Strath," which continued to be used by Burrell and Son throughout the firm's existence.
In 1876, the future 'Sir William' entered the firm at the age of 15, and on his father's death in 1885 he and his eldest brother George took over the management. Burrell and Son was already prospering, but under their shrewd direction it reached a position of international standing in worldwide tramping and in ship management.
The Burrell brothers undoubtedly had the Midas touch. George kept abreast of developments in marine engineering while William specialized in the commercial side. Their fortunes were based on a steady nerve, foresight and breathtaking boldness. The formula was quite simple. In times of depression they would order a large number of ships at rock-bottom prices, calculating that the vessels would be coming off the stocks when the slump was reaching an end. Burrell and Son was then in a position to attract cargoes because it had ships available and could undercut its rivals. Then, after several years of highly profitable trading, the brothers would sell the fleet in a boom period and lie low until the next slump occurred, at which point the cycle would begin again. It sounds easy, and Burrell himself described it as making money like slate-stones, but none of the firms' competitors was bold enough to take such risks.
The operation was repeated twice on a large scale. In 1893-1894 twelve new ships were built for the fleet of Burrell and Son at a time when the industry was in a very depressed state. A few years later, advantage was taken of the current high prices obtainable for shipping and every vessel flying the Burrell house flag was sold. After going into semi-retirement for several years, in 1905, William and George rocked the shipping world by ordering no fewer than twenty steamers ; a further eight were delivered in 1909-1910. After a few years of prosperous trading the brothers once again decided to capitalize on the rise in the market value of ships, a rise which became dramatic after the outbreak of the First World War. Between 1913 and 1916 almost the entire fleet was sold, including vessels which were still on the stocks. With his share of the proceeds shrewdly invested, William Burrell devoted remainder of his long life to what became an all-consuming passion, the amassing of a vast art collection