The Sun.
London, England, 1864-05-23 00:00:00

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At the end of the last century, wh en Gil Drge the
Third was King, and when Meyer A'msc,`xe:na kopt
a broker's shop in the Jew-lane of FiankfeNrt, -under
the sign of the Red Shield—" Rothschild"—there
were only six bankers in Londoit who had th e re-
pute of being possessed of extraordinary wealth, or
were what is now termed millienaires, The.% six

PRICF ..4d.
STAMPED ....sd.

hankers were Thomas Coutts, Sir Francis Bonng,

THE S'

,TIES,

Joseph Deni Eon, Henry Hope, Lewis Tessier, and

•
Peter Thellusson. Of Thomas Coutts and the itt-

(From the Court Journal.)
The state of parties in England at the present
thy undoubtedly presents a very curious subject
for speculation to those inclined to investigate the
principles and guiding motives of political affAirs.
It is often urged, and with no slight show of reason,
that in reality there is very little distinction be-
tween the two great parties in the State—the Con-
servltives end the moderate Liberals—though cIA-•
tainly nobo3y denies that each of these varics
materially from the Radical or ultre.-Lih?ral pc:-

eresiing incidents of his early career mention has

bi:en inade already, and it n:ed be added only then
he began life with a capital under fi thousand, arca
lied worth nearly a million of money. The career

of Sir Francis Baring was still more successful.
Life their modern F.aloctssors and rivals, the world-
f:Amou..; binkrA of ?fie Red S'oiold, the 133.r1ng,s

e2c.ie flotg Cy.r:l-019.7. 'll.e v.cceter of
te famirc Fr,-.rie:,s pas C,l" of the

Lutheranne
jstowhhoinsf
inin-u If as a cloth manufacturer
vest bs the ez
auHtnettijlr3eirfnkt gib.:iuenrrd'suioannt r 915: Rl°qo.2:oilir2ci-Cl.:ao
117
Johnsi d craahnl
toi
iforratnuenieg.,
came to London and sAt up in business Ls importers.
of wools and dye-stuffar acting also as agents to the
Larkbeer cloth factory. The elder brotner, John,
afterwards withdrew from business, and retired
to Exeter; whereupon Francis, then sole head
of the firm, wound up his old affairs and began
devoting himself to banking, transactions. He specu-
lated largely in Governer ant loans, and soon became
the friend and financial adviser of the Premier,.
Lord Shelburne, who used to style him the Prince
of Merchants. Shelburne's successor, Williem Pitt,
thought it necessary to gain the goodwill of Vac in-
fluential banker by the gift of a baronetcy, a ud on
May 29,1793, Mr. Baring became Sir Francis Bar-
ing. The founder of the great banking house, born
April 18, 1740, died Sept. 12, 1810, leaving behind
him a fortune estimated at above two millions d ter.
ling. Francis Baring in Lis own person was, Vi itia-
out comparison, the most successful accumulator of
wealth produced in modern times.
It is not without interest to follow the fort ones
of the house of Baring for another generatio a or
two. Sir Francis Baring, by his marriage to a
niece of the Archbishop of Canterbury, left five : tons,
the three eldest of whom—Thomas, Alexander,. and
Henry—became partners in the banking establish-
ment. Sir Thomas withdrew from business coon
after the death of his father, thinking it unbeeom..
ing in a baronet to be a banker, and Mr. Henry
Baring likewise retired not long after for a very
different reason. Henry Baring was passions tely
addicted to gambling, which he carried on at a high
rate at the Palais Royal, Paris, and other famous
hells of the time, where his nightly appearance,
with mountains of gold and hank notes before him,
was the wonder of all beholders, He was by no
meansan unlucky disciple of the rouge et-noir, for ha
several times broke the Enterprise generale des jeux,
carrying off sums which would have been princely
fortunes to any but Barings. Notwithstanding this
luck, his presence at the Continental gaming tables
was naturally considered a ec Andel at the London
banking-house of Baring Brothers, and, after some
negotiation, Henry Baring-was hid aced to withdraw
from the firm. There now remained, as head of the
establishment, Alexander Baring, born October 27,
1774, and brought up in the hou!,e of Messrs. Hope.
When the Messrs. Hope returned to England, in
consequence of the occupation of Holland by the
troops of revolutionary France, Alexander Baring
left the establishment and went to the United States,
where he married the eldest daughter of Mr. Wm.
Bingham, then considered " the richest man in
America," and who brought him a fortune of 900,000
dollars. Mr. Alexander Baring had no sooner
become head of the house than he entered on a
series of monetary operations on a gigantic scale
and of Earopeen importance. The greatest of
these—one of the greatest ever performed by a
single banker--was, that he freed France trout
t`.1,3 incubus of an cc3upration of Ru'isian, Prus.
sian, and Austrian armies of 50,000 men etch, by
the loan of a sum of 27,238,938 francs, or about
£1,100,000 at 5 per cent. rente. This momen-
tons transaction occasioned the saying of the witty
French Premier, the Duke do Richelieu :—" There
are Biz great Powers in Earope—Eag',and, France,
ilassia, Austrie., Pruss*3., and Baring Brothers."
r BitiT7--"AeNalldc-r the k;:real"
died at Longleot, Wilts, l‘f.3.ty 13, 184 S, having been
elevated to the peeroge, under the title or Lord
Ashburton, in 1835. He left. four Eons, the eldest
of whom, William Bingham—who died but a few
months ago—succeeded him in the family honours,
while the second, Francis, born in May, 1800, took
for a while the nominal direction of the firm. In
this capacity he engaged in some remarkable trans-
actions. He purchased among others, the whole of
the territory surrounding the lake Tezeuco, on the
island of which stands the city of Moxice, and thus
made himself, in a sense, master of the capital of a
great country. The other members of the firm of
Baring and Co. were, however, startled by the
gigantic nature of the purchase, an d, after great
efforts, managed to get rid of the supposed Frank-
enstein. Had they kept their purchase, who knows
but that the "Notables," who recently sat in Imperial
electoral conclave, might have chosen a member of
the house of Baring, instead of the house of Haps,
burg, to fill the throne of Mexico ? ALT. Francis
Baring married, in 1833, Clara Hortense, daughter
rVendome,tr es r
tw moment , he pun. hich
of the Duke of Bassano, Napoleon's First ,Secretary
of State, and settled at Paris, in one of the princely
crAoehfhesaiheadt
bele
e:
dunercal f edoosuro.
foa xft
n6h d e
t4e,o
h hrc
e lat:pi
. rsl
eea
d fthe p n
ca Be y
the recent death of his
m he fiem
elder brother, Mr.FLancis Bating has become Lord
which,iuT
s 0 fr
n mrr:
some time previaus, he was only a nominal partner.
rr
hill Baring, the third baronet, who was Chancellor
Exehequer in Lord Melbourne's Ministry.
Mr. Thomas Baring was born in 1800, and in 1844.
was elected member for Huntingdon, which borough
he has continued to represent ever einee. The Im-
perial Parliament has now no less than six Baringe
—one in the House of Lords and five iu the Com-
mons. Few familirs of Great Britain have risen to
higher influence, both in the political and oommer-
cial world, in the course of a century,
descendants of the humble German postai.' whom
chance drove, in his declinivg years, fron Bremen
ozo London.—Railway News.
iy than the
iho
Thomas Baring, next brother of Sir Francis

lion of the community, who are only partially repro
rented in Parliament, and are not likely to obtain
much influence in this country as long as loyalty,
reason, and religion hold any sway over the minds
of the great bulk of the people. Still, it has been
argued in opposition to the first-mentioned idea,
that although Liberals and Conservatives may not
find very much to differ about seriously, the former
are more inclined to concede to the wishes of the
Democratic party, and that were the Conservatives
to give way they would, little by little, pave the
road for the accession to power and influence of such
men as Bright and Cobden, or their friends of the
un-English and unpatriotic Manchester school. If
we admit this, we shall also acknowledge that there
is good reason for keeping up the existing distinc-
tions of parties, and that even if there be not much
to choose between the two, their maintenance in a
state of vitality and activity is essential to the
welfare and true interests of the nation.
Among the Conservative party there is, without
doubt, far less dissension and diversity of opinion
than among those who sit on the Liberal side of the
house, or support Liberal politics out of doors. Of
course there are a few who are dissatisfied with the
leadership of Mr. Disraeli, or even with that of
Lord Derby—a few ambitious spirits who, with less
experience and infinitely less brains, persist in con-
ceiving themselves to be the only true and fit re-
presentatives of the Opposition; but these men who
are but little respected by anybody, are in a singu-
larly small minority, and on all important questions
they will be found to vote with the remainder of
the Conservative party. But how is it among the
Liberals ? Take the example of the present Go-
vernment, and we shall find not only its supporters,
but actually its members, voting on different sides,
and entertaining such discordant opinions, that it is
almost impossible for them to agree in bringing for-
ward any measure of importance without at least one
or two of the Ministers resigning. Of course this is
only the inevitable fate of every coalition Ministry;
but it is owing to this fact that the present Govern-
ment is so weak, and commits so many and such
serious errors. Those errors, moreover, are chiefly
errors of non-commission, owing to the fact which
we have stated, that they are unable to decide upon
or adopt a course which will not be distasteful to
some of the members. Lord Russell, once the
leader of Reform, is now the apostle of "rest and
thankfulness" for past favours; while Mr. Milner
Gibson is hand-in-hand with the Reformers. Sir
George Grey is all for the routine of the old Whig
school; while Lord Palmerston himself, Mr Glad-
stone, Lord Clarence Paget, and others adopt a
more reckless if not dangerous mode of procedure
in State affairs. On Church matters, we witness
Sir Roundell Palmer differing from Lord Shaftes-
bury, and some Ministers voting for Church Rates
whilst others side with the Dissenters, and so on
with regard to nearly every subject of any import-
ance which might be mentioned, we find them not
only, disagreeing, but recording their votes against
one another.
The vote on Mr Baines's motion eingularly
illustrated this discordance of sentiment and action.
Lord Harrington, Sir It. P el, the Attorney-Gene-
ral. and others went out of the House, thus plainly
showing their olj..7ctFon to the bill, while the re.
mainder of the Ministers recorded their votes in
its favour. Mr Gladstone's eprech on the occasion
was a singular effusion, and one that laid him
open to many imputations, which Mr Whiteeiae
end those who succeeded the Chancellor of the Et•
chequer were not slow to seize upon and utter.
We can imegine the disgust of such men as Messrs
Newdegate, Spooner, and other staunch anti-
Reformers, who still maintained some reverence
and liking for the right honourable gentleman,
when they heard him make this, the final recanta-
tion, by which he took the last step down wards—
the step which has so long and so anxiously been
looked forward to by the extreme party, and so
much dreaded by the moderate and respectable

section.
Mr. Gladstone has snapped the last tie which
bound him to the constitutional parties in this king-
dom. Henceforth he can no longer hope to repre-
sent the University of Oxford, loose acd heterodoxi-
cal though its theolegy has almost become. He
must bid adieu to his Church friends, and make
common cause with the Dissenters and Radicals,
with Baines and Bright, Forster and Stansfeld, and
with the men whom he received the ether day—
Odgers, Beales, and Co.—and who told him such
unpleasant things.
It has, indeed, been stated that the speech of the
Chancellor of the Exchequer was intended to act
as a means of reviving his lest popularity with the
working men, for whom he has always professed
so much consideration and solicitude. This may
be so, and there is at least no doubt that the
working men of England are impressed with the
firm conviction that Mr Gladstone was the person
esg great
e
Liberal o
instrumental in forcing Garibaldi to depart; but
we are inclined to believe that, apart from this,
Mr Gladstone had a higher and more important
object in view, and that he meant his speech to
serve as capital on the hustings at the next general
election, and also
forerunner of
o confidence
would
de
cre ofh aet f
a r
theer
see speeches and measures which shall ultimately
lthee
gain
their
Clarendon
la
foreeahrr. tomyr ,
vL and
or a their
Granville—nay,
r a
ti v consentil e t
ayo his
even becomingor
d
aesntithe
certainlyrefi n
Russell—the successor of Lord Palmerston than the
present
ia brilliant Chancellor
genies
uf
aand p
the
sparkling Exchequer,
arklispitea:
n f h
ng who,
oratory,
m
net be quite the man to lead a numerous and restive
body of politicians, or to guide the destinies of the
country. If Mr. Gladstone ever becomes Premier
of England, he will not receive the support of such
men as Lord Granville, Sir Charles Wood, Lord
Hartingtoe, and Sir Robert Peel, who may be called
the Conservative element in the present Ministry,
but he will have to seek out the elements of his
Administration among men who have not, and never
will have, the confidence of the nation, or the
slightest weight in influencing its opinions. We
may then look forward to Government measures for
introducing the ballot, expelling the Bishops from
tle House of Lords, and universal suffrage, and
then it may be that we may perhaps see a clear and
defined line between the two great parties in the
State—the Conservatives and moderate Liberals
amalamated, on the one hand, to resist the e.n;
eroachgments and the dangerous schemes of the
Radicals on the other.

Foreign Mail Packet List.

MAILS RUE.
..... June 18.
via Marseilles ... June:l2.
by British packet.
via sonthirapton.
June 5.
0, A,Gension, and St. Ilelena May 29.
Cape of Good Hop
,enang, and Singapore, vi.a. Southampton. June 2
China, via Marseilles May 27.
'
A:rBaztrilalianadanCdapMeatVirierticluss:

Isl. ds ......
Falkland - - -an Southampton
Indiaimnci
ftsf:
_.(
(Bombay),
oa :my°
pub
tat
,tys)::
d andv,AA
.aa dsCuoneuy,lhvoian iar
Southampton
Gibraltar, via
.. May 27.
Marseilles May 21.
portngal • • • 0 ...................... June 5.
May 27.
ill:ant Southampton
aa
Marseilles
hps
ta me
uunl pe
st o. n.
.. May
\iJua June e 22277:
.-- via Marseillea May 21.
Newfoundland ....
Oporto and Vigo ..
.. .
G. S. and British N. America, by Brit. pact....MaY 25.
by U.S. packet....
by Canadian packet. May --
W .C. of Africa. Me.eira, cul Tenori.:l-c .. June 10.
P,..11P-Lnas, via 1"-.1eur York
May 30.
!,It. xico
Ail pari.t, of Wert lncli,›, including COili, I%irit, I may 30,
California. and liriii,ll Col:1:111,1a

Every
of
-a
naCi
ooe.a;nl 2c, en _
weekly as
Persons who been in the habit ofpaYing
aaen:riestd:arly the third i
erndisceshstidininthe w
foremost
d.
burrowers of Sewing laeihilieloswwf-tiyll2Bdoowinetinal teonatpripnliyl atr onceiilp_
and become members of Messrs. Watts and Co.'s Sewing
Machine Clubs. By so doing they will not only save the
money they now foolishly throw away, but at the same time
most celebrated sewing secure to themselves the possession of one of the best and
formation given on application; or by letter addressed, with
,r-890:atru:or t-
braouslitliaedmdinPdgeasdilyeSnbtvreaetulwodep,een,LATtio:luon3tdahloneondsr,:irtisyV;...s_lCVa.,:FutNotrvsrdh
the rank for
overcoming ulcers, sores, swellings, rash
tions of skin diseases. At first the facultyes, and all cif scrip-
medicamonts, but the experience of sufferersdenounced these
century
Experience[ A D v Ehr ta rebs
etscoeruseeri
all interested opposition. Those h soon overthrew
eines bad cured told other invalidssv"l Holloway's medi-
derived from their use; those the benefit they had
found equally satisfactory results,inad-
mirableand and thus are these ad-
globe. The ointment has always
throughout the habitable
been applied with the
most marked success in
other erysipelas,varicose veins, swelled
ankles, and numberless
infirmities by which thousands
i around us are sorely oppressed.

FOUNDATIONS FOR TM: ALBERT MEMORIAL are
being made in Hyde-park vis,a-vis with the Horticultural
Gardens. The work will be completed by "":11-. K,-21k in four
years, and the ccst is to be L 120,000. The f,unlation Mono
will be laid in August with great kt,ile. £120,000 for tiro
A.lbree,s ?
tt 11in eotial I How about the L 30,000 only for Shah-
a: ,e

A christening fete was given on Tuesday last, at
the Castle Hotel, Richmond, by Mr and Mrs Wind-
ham, to celebrate the baptism of the heir to the estates. A.
recherche dinner, served in the banqueting-room, preceded
an elegant an elegant and wel-attended ball. The band of
the Ist Royal Surrey Militia, ender the direction of Mr.
Galcott, was in attendance, and dancing was continued
until daybreak on the following morning. We understand
that the dress which Mrs Windham wore on the occasion
cost two hundred and fifty guineas.