Thomas Baring
Encyclopedia
Thomas Charles Baring DL
(16 May 1831 – 2 April 1891) was a British banker and Conservative Party
politician.
Baring, informally called "T.C." or "Charley" to distinguish him from the other Thomases, was the son of the Right Reverend Charles Baring
, Bishop of Durham, younger son of Sir Thomas Baring, 2nd Baronet
. His mother was Mary Ursula, daughter of Charles Sealy. He was educated at Harrow
and Wadham College, Oxford
, and became a partner in the family firm of Baring Brothers & Co
. He entered Parliament for Essex South in 1874, a seat he held until 1885, and later represented the City of London
from 1887 to 1891. Baring also served as a Justice of the Peace
for Essex
, Middlesex
, London
and Westminster
, was a member of the Royal Commission on Loss of Life at Sea from 1885 to 1887, and the author of among other works Pindar in English Rhyme and The Scheme of Epicurus: A Rendering into English Verse of the Unfinished Poem of Lucretius Entitled, De Rerum Natura. With Barings facing bankruptcy following the Panic of 1890
, he returned to business life to help reorganize the partnership as a limited liability company
, and served as one of its Managing Directors until his death.
Baring married Susan, daughter of Robert Bowne Minturn
, of New York City
, in 1859. They had four sons and three daughters (of whom two sons never reached adulthood). He died in April 1891, aged 59. His wife survived him by six years and died in January 1897.
Deputy Lieutenant
In the United Kingdom, a Deputy Lieutenant is one of several deputies to the Lord Lieutenant of a lieutenancy area; an English ceremonial county, Welsh preserved county, Scottish lieutenancy area, or Northern Irish county borough or county....
(16 May 1831 – 2 April 1891) was a British banker and Conservative Party
Conservative Party (UK)
The Conservative Party, formally the Conservative and Unionist Party, is a centre-right political party in the United Kingdom that adheres to the philosophies of conservatism and British unionism. It is the largest political party in the UK, and is currently the largest single party in the House...
politician.
Baring, informally called "T.C." or "Charley" to distinguish him from the other Thomases, was the son of the Right Reverend Charles Baring
Charles Baring
Charles Thomas Baring was an English bishop, noted as an Evangelical.-Life:He became a bishop at a period when Lord Palmerston, influenced by Anthony Ashley-Cooper, 7th Earl of Shaftesbury, was promoting Evangelicals....
, Bishop of Durham, younger son of Sir Thomas Baring, 2nd Baronet
Sir Thomas Baring, 2nd Baronet
Sir Thomas Baring, 2nd Baronet , was a British banker and MP.He was the eldest son of Sir Francis Baring, 1st Baronet, founder of Barings Bank. His grandfather John Baring had emigrated from Germany and established the family in England. Thomas became a partner in Baring Brothers & Co. in 1804,...
. His mother was Mary Ursula, daughter of Charles Sealy. He was educated at Harrow
Harrow School
Harrow School, commonly known simply as "Harrow", is an English independent school for boys situated in the town of Harrow, in north-west London.. The school is of worldwide renown. There is some evidence that there has been a school on the site since 1243 but the Harrow School we know today was...
and Wadham College, Oxford
Wadham College, Oxford
Wadham College is one of the constituent colleges of the University of Oxford in the United Kingdom, located at the southern end of Parks Road in central Oxford. It was founded by Nicholas and Dorothy Wadham, wealthy Somerset landowners, during the reign of King James I...
, and became a partner in the family firm of Baring Brothers & Co
Barings Bank
Barings Bank was the oldest merchant bank in London until its collapse in 1995 after one of the bank's employees, Nick Leeson, lost £827 million due to speculative investing, primarily in futures contracts, at the bank's Singapore office.-History:-1762–1890:Barings Bank was founded in 1762 as the...
. He entered Parliament for Essex South in 1874, a seat he held until 1885, and later represented the City of London
City of London (UK Parliament constituency)
The City of London was a United Kingdom Parliamentary constituency. It was a constituency of the House of Commons of the Parliament of England then of the Parliament of Great Britain from 1707 to 1800 and of the Parliament of the United Kingdom from 1801 to 1950.-Boundaries and boundary...
from 1887 to 1891. Baring also served as a Justice of the Peace
Justice of the Peace
A justice of the peace is a puisne judicial officer elected or appointed by means of a commission to keep the peace. Depending on the jurisdiction, they might dispense summary justice or merely deal with local administrative applications in common law jurisdictions...
for Essex
Essex
Essex is a ceremonial and non-metropolitan county in the East region of England, and one of the home counties. It is located to the northeast of Greater London. It borders with Cambridgeshire and Suffolk to the north, Hertfordshire to the west, Kent to the South and London to the south west...
, Middlesex
Middlesex
Middlesex is one of the historic counties of England and the second smallest by area. The low-lying county contained the wealthy and politically independent City of London on its southern boundary and was dominated by it from a very early time...
, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and Westminster
Westminster
Westminster is an area of central London, within the City of Westminster, England. It lies on the north bank of the River Thames, southwest of the City of London and southwest of Charing Cross...
, was a member of the Royal Commission on Loss of Life at Sea from 1885 to 1887, and the author of among other works Pindar in English Rhyme and The Scheme of Epicurus: A Rendering into English Verse of the Unfinished Poem of Lucretius Entitled, De Rerum Natura. With Barings facing bankruptcy following the Panic of 1890
Panic of 1890
The Panic of 1890 was an acute depression, although less serious than other panics of the era. It was precipitated by the near insolvency of Barings Bank in London. Barings, led by Edward Baring, 1st Baron Revelstoke, faced bankruptcy in November 1890 due mainly to excessive risk-taking on poor...
, he returned to business life to help reorganize the partnership as a limited liability company
Limited liability company
A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...
, and served as one of its Managing Directors until his death.
Baring married Susan, daughter of Robert Bowne Minturn
Robert Bowne Minturn
Robert Bowne Minturn was one of the most prominent American merchants and shippers of the mid-19th century. Today, he is probably best known as being one of the owners of the famous clipper ship, Flying Cloud.-Family:He was born to a family long prominent in New England and New York shipping...
, of New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, in 1859. They had four sons and three daughters (of whom two sons never reached adulthood). He died in April 1891, aged 59. His wife survived him by six years and died in January 1897.