The New York herald., 1871-12-27
BIT u 4 ~.
S1a. p. q ey., ~ ,-t---s :. .y-s-ss ~ r-.rg-s

/
Jacob Barler, Broker aud Finanricr.
/ Jacob barker, the we'll known American fnanrs
| ccr and money broker died In Philadelphia yester
day.
Mr. Barker was ninety three years OF age lie en-.
| joyed an almost world wide reputation accovns
OF his tact. sKlll and general judgment In the exer
else OF the peculiar professional ability which he
possessed
Jacob Barker was born at Swan Island, Kennebec
county, Maine, the 7th OF December Ia the year
1779. He descended, by his mothers side OF the
family from the same stock as Doctor Franklin, to
whom, in his very proudest moments. Ire was ever
glad to claim certain family resemblance. Mrs.,
Barker, hls mother, was OF Quaker family In Nam
tucket Young Jacob was brought up in tho CON-
muni0n OF the Friends, to which, as to the unprc.
tending stvie OF dress costume OF the society, he
adhered for very many years. When he was sixteen
years old Ire set adrtft IN the world; lett '4ord
OF himself" which has been TO many OF hts age a
"neritage OF VICE."
| ment with Isaac Hicks. q commission merchant in
TINS city lie was bright, active. Intelligent and
venturesOme IN speculation Commencing TO trade
on his own account. IN q small way, he realized be-
fore the attainment or has majority 80 much money
that when he arrived at the age or twenty.one--a
period OF five years from his reaching New York
ne was In possession Of four ships aud brig, and
had MS notes regularly discounted at tue United
states Bank. Mr. Barker married Elizabeth, daugn-
August ~ IN che wear 1901. Sttlnr At III s v weddna ed ~
dinner. In company with Mr.. Henry Devices, for
whom ne nad m i endorsed heavily news was brought
over TO Devices, had "the pleasure Of wine with
him. and took no further notice OF the matter He
soon afterwards entered into a contract with the
American government for q supply OF oil. He was
then doing = large shipping business In TINS line
he received the consignment Of the first steam
gine used on tae North River.
The war with Great Britain breaking out Mr.. Barker
tnag fha iSn IN tfiaJ Il0 poA1v
himself to raise loan OF s5.ODo.OoO for the use OF
the United States government lie made one OF the
visa tie erection OF the old Taminany Hall, and
took part In tae first meetings neld WITHIN
lieve-of his SHIPS during the progress or
the war with England. Pursuing his political ca
sitting this capacity IN the Court OF Errors, he
delivered an opinion IN opposition TO that OF Cnan-
ned mat II Inc master OF the vessel '.ntendedD to
deyia.e from ne vo age as stated IN The poicy the
feiture should only follow upon actual deviation.
The Court sustained Barker's view.
advocate tie election Of lie Wiz CLINTON 90 Inc ONCE
OF Governor o. The State OF New York.
esev on e o naona eqeds
and expenditures. Keeping up an immense
outside asar % 2. e same @ me- u
IN Wall street. HIS financial dealings with the
government were then exceedingly heavy. In
the Exchange Bank ne commenced his career as
speculaior IN stocks, and aspired. It was said 10
become the regulator-ln-chei and principal channel
OF the money dealings OF the country. Circuln.
nee inc laws and the ay q s as az sold
q sas asy Ee came nearer 70 its absolute reass
tion than has occurred In the history OF any one
Exchange Bank broke in 1919. Barker turned round
and made adroit and active use OF
ent states. he t1us conLinue,l his business opera
lions and on such @ large scale during many years
subsequently That ne was thought TO have control
lle occurrence or some transactions connected
with the North River Bank subjected him to open
personal Insult at the hands OF one DAVID Rogers.
Barker demanded IN explanation. He did not re-
9Icsmsnl iound ~ the Grand =. Jury cnarains nm
with the offence Of sending acilaieDge. Mr.. Barker
took nus triai. ne defended himself before the Court
ment. He denied the fact OF the challenge. Tns
Judges and jury dld not coincide " % ms view ot
and sentenced to Acknowledgement OF his political
nights. Governor Clinton reiieved him of the Ien-
atty by executive action. On the faMure AFTER
wards OF the Lie and Fire Insurance. Company
Mr. Barker was indicted, with others, under
lengthy. Counsel required time TO study his notes
before commencing the defence. M. Barker, &C
oordlng q suggestion OF his friends. began lam-
SELF He had not taken the points In writin8 but.
otwnnstanaiAg, his enort was regarded as
meat. % fheJary disagreed on the frst ,rssi He was was
convicted the second ou anew trial was granted.
Barker sossained however from personal snoris in
tue ias. instance leaving his In the HANDS OF
cs ls ana an in many Other sss Es " son
tIDn from his business. II may be SAID that they
euined hun by destroying punlic confluence In MS
Operations He alleged the existence OF conspir
acy against him. Some OF the most influential citt
gems or New York headed the movement nogwlth-
Standing; SO his allegation went for nauKnt
Mr. Barker took MS departure from the n0rthern
metropolis IN the year 1884. He went to Nav Or
leans Here he applied himself 70 the stNdy OF law.
He was admitted TO the Tar aud TO practfce In the
courts Of tnat city after having been UNSUCCESSFUL In
his first examination. HIS nature reIn ned restless;
his vital energy powerful In New Orleans he mix ed
himself In matters OF Jurisprudence general society
4 ana commerce 10 very influential extent. Many
stories are told of hrs business ingenuity and sell-
possession IL was Reoerally conceded, indeed.
oelongesl, class pecultar to all vast mercantiie
COMMUNITIES.