Thomas Baring (1799–1873)
Encyclopedia
Thomas Baring was a British banker and Conservative Party
politician.
, and Mary Ursula, daughter of Charles Sealy. Francis Baring, 1st Baron Northbrook
, was his elder brother and the Right Reverend Charles Baring
one of his younger brothers. He was educated at Winchester
.
, he did well in Amsterdam, becoming a partner in 1824. Despite the lobbying of Sir Thomas, the opposition of his uncle Alexander
kept Thomas from a partnership in Baring Brothers & Co.
until 1828. Once installed in London, Thomas sought, during the 1830s and 40s, to use knowledge and connections gained at Hopes to increase the firm's visibility in Europe. Except in Russia, Barings was mostly frustrated in these efforts by more established continental houses like Rothschilds and Hottinguer's
.
During these same years Thomas, along with younger brother John, spent much time promoting Barings in North America, especially the United States. He made his first trip to the U.S. in 1829 and many more thereafter. Following the death of all three senior Barings in 1848, Thomas and American Joshua Bates
became the leading partners in the 1850s. The European troubles of 1848
also contributed to the shift of Barings' attention to the Americas. During this period, Barings was the financial agent for the governments of the U.S. and (along with Glyn, Mills & Co.) Canada.
Entering the 1860s, with the aging Bates becoming progressively less active, and with new young partner Edward 'Ned' Baring
not ready for leadership, Thomas and Russell Sturgis
(a second American) assumed command. Feeling the need for new blood at Barings, Thomas in 1867 completed a merger with London rival Finlay Hodgson and Co. Senior partner Kirkham Hodgson, a past Governor of the Bank of England
, became a Barings partner. In the same year, Thomas' nephew Thomas Charles Baring also joined the partnership.
While always resistant to heavy involvement in public life, Thomas found time for other finance-related positions, including Chairman of Lloyd's
and a director of the Bank of England
. Like his father, he was President of the London Institution
and s Fellow of the Royal Society
in 1835, a seat he held until 1837, and later represented Huntingdon
between 1844 and 1873. He was a close associate of Benjamin Disraeli but declined every ministerial post offered to him.
politician.
, and Mary Ursula, daughter of Charles Sealy. Francis Baring, 1st Baron Northbrook
, was his elder brother and the Right Reverend Charles Baring
one of his younger brothers. He was educated at Winchester
.
, he did well in Amsterdam, becoming a partner in 1824. Despite the lobbying of Sir Thomas, the opposition of his uncle Alexander
kept Thomas from a partnership in Baring Brothers & Co.
until 1828. Once installed in London, Thomas sought, during the 1830s and 40s, to use knowledge and connections gained at Hopes to increase the firm's visibility in Europe. Except in Russia, Barings was mostly frustrated in these efforts by more established continental houses like Rothschilds and Hottinguer's
.
During these same years Thomas, along with younger brother John, spent much time promoting Barings in North America, especially the United States. He made his first trip to the U.S. in 1829 and many more thereafter. Following the death of all three senior Barings in 1848, Thomas and American Joshua Bates
became the leading partners in the 1850s. The European troubles of 1848
also contributed to the shift of Barings' attention to the Americas. During this period, Barings was the financial agent for the governments of the U.S. and (along with Glyn, Mills & Co.) Canada.
Entering the 1860s, with the aging Bates becoming progressively less active, and with new young partner Edward 'Ned' Baring
not ready for leadership, Thomas and Russell Sturgis
(a second American) assumed command. Feeling the need for new blood at Barings, Thomas in 1867 completed a merger with London rival Finlay Hodgson and Co. Senior partner Kirkham Hodgson, a past Governor of the Bank of England
, became a Barings partner. In the same year, Thomas' nephew Thomas Charles Baring also joined the partnership.
While always resistant to heavy involvement in public life, Thomas found time for other finance-related positions, including Chairman of Lloyd's
and a director of the Bank of England
. Like his father, he was President of the London Institution
and s Fellow of the Royal Society
in 1835, a seat he held until 1837, and later represented Huntingdon
between 1844 and 1873. He was a close associate of Benjamin Disraeli but declined every ministerial post offered to him.
politician.
, and Mary Ursula, daughter of Charles Sealy. Francis Baring, 1st Baron Northbrook
, was his elder brother and the Right Reverend Charles Baring
one of his younger brothers. He was educated at Winchester
.
, he did well in Amsterdam, becoming a partner in 1824. Despite the lobbying of Sir Thomas, the opposition of his uncle Alexander
kept Thomas from a partnership in Baring Brothers & Co.
until 1828. Once installed in London, Thomas sought, during the 1830s and 40s, to use knowledge and connections gained at Hopes to increase the firm's visibility in Europe. Except in Russia, Barings was mostly frustrated in these efforts by more established continental houses like Rothschilds and Hottinguer's
.
During these same years Thomas, along with younger brother John, spent much time promoting Barings in North America, especially the United States. He made his first trip to the U.S. in 1829 and many more thereafter. Following the death of all three senior Barings in 1848, Thomas and American Joshua Bates
became the leading partners in the 1850s. The European troubles of 1848
also contributed to the shift of Barings' attention to the Americas. During this period, Barings was the financial agent for the governments of the U.S. and (along with Glyn, Mills & Co.) Canada.
Entering the 1860s, with the aging Bates becoming progressively less active, and with new young partner Edward 'Ned' Baring
not ready for leadership, Thomas and Russell Sturgis
(a second American) assumed command. Feeling the need for new blood at Barings, Thomas in 1867 completed a merger with London rival Finlay Hodgson and Co. Senior partner Kirkham Hodgson, a past Governor of the Bank of England
, became a Barings partner. In the same year, Thomas' nephew Thomas Charles Baring also joined the partnership.
While always resistant to heavy involvement in public life, Thomas found time for other finance-related positions, including Chairman of Lloyd's
and a director of the Bank of England
. Like his father, he was President of the London Institution
and s Fellow of the Royal Society
in 1835, a seat he held until 1837, and later represented Huntingdon
between 1844 and 1873. He was a close associate of Benjamin Disraeli but declined every ministerial post offered to him.
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.
Background and education
Baring was the second son of Sir Thomas Baring, 2nd BaronetSir 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,...
, and Mary Ursula, daughter of Charles Sealy. Francis Baring, 1st Baron Northbrook
Francis Baring, 1st Baron Northbrook
Francis Thornhill Baring, 1st Baron Northbrook PC , known as Sir Francis Baring, Bt, from 1848 to 1866, was a British Whig politician who served in the governments of Lord Melbourne and Lord John Russell....
, was his elder brother and 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....
one of his younger brothers. He was educated at Winchester
Winchester College
Winchester College is an independent school for boys in the British public school tradition, situated in Winchester, Hampshire, the former capital of England. It has existed in its present location for over 600 years and claims the longest unbroken history of any school in England...
.
Business career
As a second son, Thomas was destined for a career in the "counting house". Beginning at Hope & Co.Hope & Co.
Hope & Co. is the name of a famous Dutch bank that spanned two and a half centuries. Though the founders were Scotsmen, the bank was located in Amsterdam, and at the close of the 18th century it had offices in London as well.-Early days:...
, he did well in Amsterdam, becoming a partner in 1824. Despite the lobbying of Sir Thomas, the opposition of his uncle Alexander
Alexander Baring, 1st Baron Ashburton
Alexander Baring, 1st Baron Ashburton PC was a British politician and financier.-Background:Baring was the second son of Sir Francis Baring, 1st Baronet, and of Harriet, daughter of William Herring...
kept Thomas from a partnership in 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...
until 1828. Once installed in London, Thomas sought, during the 1830s and 40s, to use knowledge and connections gained at Hopes to increase the firm's visibility in Europe. Except in Russia, Barings was mostly frustrated in these efforts by more established continental houses like Rothschilds and Hottinguer's
Hottinger & Cie
Hottinger & Cie, founded in 1968 in Zurich, is the principal company of the Hottinger Group, it is one of the successor of the private banking firm established in Paris by Hans-Konrad Hottinger . Since its foundation in 1786 it was very active in European economic life...
.
During these same years Thomas, along with younger brother John, spent much time promoting Barings in North America, especially the United States. He made his first trip to the U.S. in 1829 and many more thereafter. Following the death of all three senior Barings in 1848, Thomas and American Joshua Bates
Joshua Bates
Joshua Bates was an American educator and clergyman. He was the third president of Middlebury College.Born in Cohasset, Massachusetts, he was the son of Zealous and Abigail Bates. Bates graduated from Harvard College in 1800. He became a special student in divinity at Phillips Academy, serving as...
became the leading partners in the 1850s. The European troubles of 1848
Revolutions of 1848
The European Revolutions of 1848, known in some countries as the Spring of Nations, Springtime of the Peoples or the Year of Revolution, were a series of political upheavals throughout Europe in 1848. It was the first Europe-wide collapse of traditional authority, but within a year reactionary...
also contributed to the shift of Barings' attention to the Americas. During this period, Barings was the financial agent for the governments of the U.S. and (along with Glyn, Mills & Co.) Canada.
Entering the 1860s, with the aging Bates becoming progressively less active, and with new young partner Edward 'Ned' Baring
Edward Baring, 1st Baron Revelstoke
Edward Charles Baring, 1st Baron Revelstoke , was a British banker.-Biography:A member of the famous Baring banking family, "Ned" Baring was the second son of Henry Baring from his second marriage, to Cecilia Anne . Sir Francis Baring, 1st Baronet, was his grandfather and Evelyn Baring, 1st Earl of...
not ready for leadership, Thomas and Russell Sturgis
Russell Sturgis
Russell Sturgis was an American architect and art criticof the 19th and early 20th centuries. He was one of the founders of the Metropolitan Museum of Art in 1870.-Early life and marriage:...
(a second American) assumed command. Feeling the need for new blood at Barings, Thomas in 1867 completed a merger with London rival Finlay Hodgson and Co. Senior partner Kirkham Hodgson, a past Governor of the Bank of England
Governor of the Bank of England
The Governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the Bank, with the incumbent grooming his or her successor...
, became a Barings partner. In the same year, Thomas' nephew Thomas Charles Baring also joined the partnership.
While always resistant to heavy involvement in public life, Thomas found time for other finance-related positions, including Chairman of Lloyd's
Lloyd's of London
Lloyd's, also known as Lloyd's of London, is a British insurance and reinsurance market. It serves as a partially mutualised marketplace where multiple financial backers, underwriters, or members, whether individuals or corporations, come together to pool and spread risk...
and a director of the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
. Like his father, he was President of the London Institution
London Institution
The London Institution was an educational institution founded in London in 1806...
and s Fellow of the Royal Society
Political career
Baring entered Parliament for Great YarmouthGreat Yarmouth (UK Parliament constituency)
Great Yarmouth is a constituency represented in the House of Commons of the Parliament of the United Kingdom. It elects one Member of Parliament by the first past the post system of election....
in 1835, a seat he held until 1837, and later represented Huntingdon
Huntingdon (UK Parliament constituency)
Huntingdon is a county constituency represented in the House of Commons of the Parliament of the United Kingdom. It elects one Member of Parliament by the first past the post system of election....
between 1844 and 1873. He was a close associate of Benjamin Disraeli but declined every ministerial post offered to him.
External links
Thomas Baring (7 September 1799 – 18 November 1873) was a British banker and Conservative PartyConservative 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.
Background and education
Baring was the second son of Sir Thomas Baring, 2nd BaronetSir 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,...
, and Mary Ursula, daughter of Charles Sealy. Francis Baring, 1st Baron Northbrook
Francis Baring, 1st Baron Northbrook
Francis Thornhill Baring, 1st Baron Northbrook PC , known as Sir Francis Baring, Bt, from 1848 to 1866, was a British Whig politician who served in the governments of Lord Melbourne and Lord John Russell....
, was his elder brother and 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....
one of his younger brothers. He was educated at Winchester
Winchester College
Winchester College is an independent school for boys in the British public school tradition, situated in Winchester, Hampshire, the former capital of England. It has existed in its present location for over 600 years and claims the longest unbroken history of any school in England...
.
Business career
As a second son, Thomas was destined for a career in the "counting house". Beginning at Hope & Co.Hope & Co.
Hope & Co. is the name of a famous Dutch bank that spanned two and a half centuries. Though the founders were Scotsmen, the bank was located in Amsterdam, and at the close of the 18th century it had offices in London as well.-Early days:...
, he did well in Amsterdam, becoming a partner in 1824. Despite the lobbying of Sir Thomas, the opposition of his uncle Alexander
Alexander Baring, 1st Baron Ashburton
Alexander Baring, 1st Baron Ashburton PC was a British politician and financier.-Background:Baring was the second son of Sir Francis Baring, 1st Baronet, and of Harriet, daughter of William Herring...
kept Thomas from a partnership in 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...
until 1828. Once installed in London, Thomas sought, during the 1830s and 40s, to use knowledge and connections gained at Hopes to increase the firm's visibility in Europe. Except in Russia, Barings was mostly frustrated in these efforts by more established continental houses like Rothschilds and Hottinguer's
Hottinger & Cie
Hottinger & Cie, founded in 1968 in Zurich, is the principal company of the Hottinger Group, it is one of the successor of the private banking firm established in Paris by Hans-Konrad Hottinger . Since its foundation in 1786 it was very active in European economic life...
.
During these same years Thomas, along with younger brother John, spent much time promoting Barings in North America, especially the United States. He made his first trip to the U.S. in 1829 and many more thereafter. Following the death of all three senior Barings in 1848, Thomas and American Joshua Bates
Joshua Bates
Joshua Bates was an American educator and clergyman. He was the third president of Middlebury College.Born in Cohasset, Massachusetts, he was the son of Zealous and Abigail Bates. Bates graduated from Harvard College in 1800. He became a special student in divinity at Phillips Academy, serving as...
became the leading partners in the 1850s. The European troubles of 1848
Revolutions of 1848
The European Revolutions of 1848, known in some countries as the Spring of Nations, Springtime of the Peoples or the Year of Revolution, were a series of political upheavals throughout Europe in 1848. It was the first Europe-wide collapse of traditional authority, but within a year reactionary...
also contributed to the shift of Barings' attention to the Americas. During this period, Barings was the financial agent for the governments of the U.S. and (along with Glyn, Mills & Co.) Canada.
Entering the 1860s, with the aging Bates becoming progressively less active, and with new young partner Edward 'Ned' Baring
Edward Baring, 1st Baron Revelstoke
Edward Charles Baring, 1st Baron Revelstoke , was a British banker.-Biography:A member of the famous Baring banking family, "Ned" Baring was the second son of Henry Baring from his second marriage, to Cecilia Anne . Sir Francis Baring, 1st Baronet, was his grandfather and Evelyn Baring, 1st Earl of...
not ready for leadership, Thomas and Russell Sturgis
Russell Sturgis
Russell Sturgis was an American architect and art criticof the 19th and early 20th centuries. He was one of the founders of the Metropolitan Museum of Art in 1870.-Early life and marriage:...
(a second American) assumed command. Feeling the need for new blood at Barings, Thomas in 1867 completed a merger with London rival Finlay Hodgson and Co. Senior partner Kirkham Hodgson, a past Governor of the Bank of England
Governor of the Bank of England
The Governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the Bank, with the incumbent grooming his or her successor...
, became a Barings partner. In the same year, Thomas' nephew Thomas Charles Baring also joined the partnership.
While always resistant to heavy involvement in public life, Thomas found time for other finance-related positions, including Chairman of Lloyd's
Lloyd's of London
Lloyd's, also known as Lloyd's of London, is a British insurance and reinsurance market. It serves as a partially mutualised marketplace where multiple financial backers, underwriters, or members, whether individuals or corporations, come together to pool and spread risk...
and a director of the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
. Like his father, he was President of the London Institution
London Institution
The London Institution was an educational institution founded in London in 1806...
and s Fellow of the Royal Society
Political career
Baring entered Parliament for Great YarmouthGreat Yarmouth (UK Parliament constituency)
Great Yarmouth is a constituency represented in the House of Commons of the Parliament of the United Kingdom. It elects one Member of Parliament by the first past the post system of election....
in 1835, a seat he held until 1837, and later represented Huntingdon
Huntingdon (UK Parliament constituency)
Huntingdon is a county constituency represented in the House of Commons of the Parliament of the United Kingdom. It elects one Member of Parliament by the first past the post system of election....
between 1844 and 1873. He was a close associate of Benjamin Disraeli but declined every ministerial post offered to him.
External links
Thomas Baring (7 September 1799 – 18 November 1873) was a British banker and Conservative PartyConservative 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.
Background and education
Baring was the second son of Sir Thomas Baring, 2nd BaronetSir 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,...
, and Mary Ursula, daughter of Charles Sealy. Francis Baring, 1st Baron Northbrook
Francis Baring, 1st Baron Northbrook
Francis Thornhill Baring, 1st Baron Northbrook PC , known as Sir Francis Baring, Bt, from 1848 to 1866, was a British Whig politician who served in the governments of Lord Melbourne and Lord John Russell....
, was his elder brother and 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....
one of his younger brothers. He was educated at Winchester
Winchester College
Winchester College is an independent school for boys in the British public school tradition, situated in Winchester, Hampshire, the former capital of England. It has existed in its present location for over 600 years and claims the longest unbroken history of any school in England...
.
Business career
As a second son, Thomas was destined for a career in the "counting house". Beginning at Hope & Co.Hope & Co.
Hope & Co. is the name of a famous Dutch bank that spanned two and a half centuries. Though the founders were Scotsmen, the bank was located in Amsterdam, and at the close of the 18th century it had offices in London as well.-Early days:...
, he did well in Amsterdam, becoming a partner in 1824. Despite the lobbying of Sir Thomas, the opposition of his uncle Alexander
Alexander Baring, 1st Baron Ashburton
Alexander Baring, 1st Baron Ashburton PC was a British politician and financier.-Background:Baring was the second son of Sir Francis Baring, 1st Baronet, and of Harriet, daughter of William Herring...
kept Thomas from a partnership in 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...
until 1828. Once installed in London, Thomas sought, during the 1830s and 40s, to use knowledge and connections gained at Hopes to increase the firm's visibility in Europe. Except in Russia, Barings was mostly frustrated in these efforts by more established continental houses like Rothschilds and Hottinguer's
Hottinger & Cie
Hottinger & Cie, founded in 1968 in Zurich, is the principal company of the Hottinger Group, it is one of the successor of the private banking firm established in Paris by Hans-Konrad Hottinger . Since its foundation in 1786 it was very active in European economic life...
.
During these same years Thomas, along with younger brother John, spent much time promoting Barings in North America, especially the United States. He made his first trip to the U.S. in 1829 and many more thereafter. Following the death of all three senior Barings in 1848, Thomas and American Joshua Bates
Joshua Bates
Joshua Bates was an American educator and clergyman. He was the third president of Middlebury College.Born in Cohasset, Massachusetts, he was the son of Zealous and Abigail Bates. Bates graduated from Harvard College in 1800. He became a special student in divinity at Phillips Academy, serving as...
became the leading partners in the 1850s. The European troubles of 1848
Revolutions of 1848
The European Revolutions of 1848, known in some countries as the Spring of Nations, Springtime of the Peoples or the Year of Revolution, were a series of political upheavals throughout Europe in 1848. It was the first Europe-wide collapse of traditional authority, but within a year reactionary...
also contributed to the shift of Barings' attention to the Americas. During this period, Barings was the financial agent for the governments of the U.S. and (along with Glyn, Mills & Co.) Canada.
Entering the 1860s, with the aging Bates becoming progressively less active, and with new young partner Edward 'Ned' Baring
Edward Baring, 1st Baron Revelstoke
Edward Charles Baring, 1st Baron Revelstoke , was a British banker.-Biography:A member of the famous Baring banking family, "Ned" Baring was the second son of Henry Baring from his second marriage, to Cecilia Anne . Sir Francis Baring, 1st Baronet, was his grandfather and Evelyn Baring, 1st Earl of...
not ready for leadership, Thomas and Russell Sturgis
Russell Sturgis
Russell Sturgis was an American architect and art criticof the 19th and early 20th centuries. He was one of the founders of the Metropolitan Museum of Art in 1870.-Early life and marriage:...
(a second American) assumed command. Feeling the need for new blood at Barings, Thomas in 1867 completed a merger with London rival Finlay Hodgson and Co. Senior partner Kirkham Hodgson, a past Governor of the Bank of England
Governor of the Bank of England
The Governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the Bank, with the incumbent grooming his or her successor...
, became a Barings partner. In the same year, Thomas' nephew Thomas Charles Baring also joined the partnership.
While always resistant to heavy involvement in public life, Thomas found time for other finance-related positions, including Chairman of Lloyd's
Lloyd's of London
Lloyd's, also known as Lloyd's of London, is a British insurance and reinsurance market. It serves as a partially mutualised marketplace where multiple financial backers, underwriters, or members, whether individuals or corporations, come together to pool and spread risk...
and a director of the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
. Like his father, he was President of the London Institution
London Institution
The London Institution was an educational institution founded in London in 1806...
and s Fellow of the Royal Society
Political career
Baring entered Parliament for Great YarmouthGreat Yarmouth (UK Parliament constituency)
Great Yarmouth is a constituency represented in the House of Commons of the Parliament of the United Kingdom. It elects one Member of Parliament by the first past the post system of election....
in 1835, a seat he held until 1837, and later represented Huntingdon
Huntingdon (UK Parliament constituency)
Huntingdon is a county constituency represented in the House of Commons of the Parliament of the United Kingdom. It elects one Member of Parliament by the first past the post system of election....
between 1844 and 1873. He was a close associate of Benjamin Disraeli but declined every ministerial post offered to him.