New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-16
PANIC IN LONDON AvERTED.


enjoyed the reputation Of taking part In no Uusi-
ness that could not bear and had not received
the most careful scrutiny, the name Of bar1ngs
at tho foot Of prospectus has been enough 70
carry, and often to carry to a handsome premium
anything that stood above it. And their ra'e
OF commission has never been . subject for dis
customer for division. II In the worst days
Of scut-rates it did not suit you TO pay their
fixed charge Of lie per cent on the whole trans
action you might take your business elsewhere
In truth, the chief business Of London. as the great
money ee6tre of the world II aying No" to the
business Of the rest Of the world, and saying 1t
roundly and promptly. Success, reckoned In mill
ions, came from knowing just when to say " Yes
instead, and "ves' at the wrong time or to the
wrong customer often spelled ruin. OF all that sat
at this receipt Of customs none ranked higher
IA any particular or the whole than the old
house Of BaringA q compact union OF one family.
With three peerages at the head. an unparalleled
social prestige, millions In the bank, many more
millions 1t the back Of these. and an u1tamished
record In America. at all events. the public
would hardly have. been more surprised
to be told that the Earrings and the Bank Of
England were helping the Rothschilds out Of q
plnch, Or even that the Rothschilds and the
Barinss were helping the bank, than to hear the
headed syndicate to protect the maturing bills
Of the Barings
Two centuries ugo there lived at Bremen. in
Germany, pastor of the Lutheran Church named
Franz Barring, or Baefing. In those days the
ministers Of his order might be men Of great
learning but their circumstances were at the best
moderate. His son. John Barring went to England
and established himself As clothmaker near
Exeter, In Devonshire. From the ranks OF
the cloth drapen and the linen diapers,
quite Is sften as from among the gold
smiths, the merchants and bankers were then
recruited. John Barng's SON Francis, born In
l740, was sent at an early age to learn the " art
trade and mystery" Of a merchant, and before he
died he had made himself, by common consent, the
first merchant in the world He was director
> in the Honorable East India Company, then ono
Of the highest rewards to which merchant might
hope to attain; for . time he was the great COM
panys chairman; for twenty-five years
he sat in Parliamenu then far moce
exclusive body than it has become under the ex-
tended suffrage; in 1898 he was made baronet :;
in 1910 he died. But his first title to honor is
that he founded the house Of Barings His
sons were the first Barring Brothers. From the
eldest. Sir Thomas Barring. the second baronet. are
descended the Barons and Earls Of Northbrook,
but the first peerage in the family fell to the
second son. Alexander. in whose favor the barony
of Ashburton was revived in 1885 On its first crea-
ton In 1852 this title was conferred on John
Dunnins. the great Wing baTIister, who married
Sir Francis Barings sister, Elizabeth. In early
life Alexander Barring came to this country on the
business Of the house, and while living In Phila-
dephia cOptrived to set fashion that has since
grown more in favor than it was in those early
days when the pangs of the Revolution were yet
recent by marrying Harriet, daughter Of William
Bingham, Senator from Pennsylvania This
founders third son. Henry. presently followed
Of his brothers wife. Miss Maria Matilda Bingham
by second marriage Henry Barring became the
father of the firms third peer. Edward Charles
Barring, born in 1928, created Baron RevelstOke In
1855. To go back little, Sir Thomas Barring, the
son, Charles, who became Bishop of Gloucester
and whose son, Thomas Charles made the third
American marriage in the family, with Susan
Carter. daughter of Robert b. Minturn, Of New
To give an account of the family as it stands
to-day would he to take line cut out Of the
Of the London Four Hundred-so to speak. There
are Earrings everywhere, in the Army. the Navy,
the Government, the Church, the Bar in smart y
without IS" saying Wherever You see man or
woman wearing the name Of Barirg it is worn
with honor; wherever you hear the name it 10
The house being one of a strictly private and
family character, little is known Of the details
Of its affairs but the firm. as at present consti-
James Stewart Hodgson. Henry Bingham Mild.
may Charles Lloyd Norman, Thomas Charles Bar
ing, the Hon. Francis Henry Barring; Robert Kirk
Sulteel. These are all Earrings: for those who
do not hear the name are the sons Of men that
have married the daughters OF Earrings
are supposed to have retired from active par
ticipation in the affairs of the house some years
ago.