The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-18
.onsE OF RAR1Na BRorHsEs.


H. Earrings, says the Herald, have been
Ears and rich men for nearly 200 years.
|, At least a century they have been
[o,g the foremost and famous banking
- If the world, excslled ia extent OF
Lnrstion. perhaps, only by the Roths-
- IN untarnisned commercial honor
& sohdiTy. h lib a..
- n the Bank of England-a tower OF
,srcisl strength the world over. Peer
hora been given the members OF the
so,,sa and some of the most distin-
- ~ English noblemen have IN one
-. another been connected with it.
family is of Dutch origin. Its
80 Peter. a burgher OF Gronlngen,
EIond Gained some little note after the
- ati61 of the Dutch republic by Will
IF orange. His grandson, Francis. was
,+beran minister at Bremen, and came
T-1rIand with the other William of
- in 1883. He settled over a charge of
In faith in London. His son. who had
Il. annrAntjced to a cloth manufacturer
1 .ba I'D country, set up a mill of that
Il in Deyonshire, and did so we'll at it
y. he moved to London and became a
Pc merchant. He sent his cloths alto
r. m the American colonies AMI got
| - Goods that he could sell to advantage
/ o1don. and coined money both ways.
d;ed rich. and was as well known for his
Ling honesty as for his wealth.
| THE BEGINNING OF Barring BROS.
1obn Baring's third son, Francis, sue
80 n his fathers business and enhanced
4. ranntation of the house. He had been
[.,fnilv trained for a commercial life.
r. he first came into his fathers ware
- os an apprentice he was a sort of
f.tb4matlcal prodigy and amazed the old
- nv the extent aud protundity Of his
cularioDs.
r. frss he and his brother John carried
L the cloth manufacture. This was the
-;n of the house of today. Then John
tsried IF business and retired on an ample
tTtune.
/ Francis vent on, married an heiress, added
H. can,tal to his own, bought East India
| A hank stock, and began to be looked upon
| one of the solid capitalists of his day.
Is advice was sought not only by the great
Iarohants. but by the ministers of the gov
fnment
ord Shelburne turned over all the puz-
Inc 0uestjOus of national finance to Francis
bring. Pitt treated him as his own conf
sutial adviser He took a prominent part
the settlement of trade questions with
Il Young United States of America, then
Isl organized, and was the virtual mana
er Of the East India Company.
IN PARLIAMENT.
Francis Barring entered parliament in
sS4, and stayed there twenty years as
Rding tory and authority on all financial
I IT, ha IF he
hangers of the Bank of England, grew TO
4 noted for his liberality and kindness, be-
6ended Charles Lamb, added steadily to
Il fortunes, and was known as "the prince
I English merchants" He died IN 1910, a
Bronet, leaving property valued at
i 100000, a prodigious sum in those days,
td the best-known business house in
bglaDd.
*Sr Francis Barring had five sons. The
ost remarkable of these was Alexander,
second son. With his brother, Henry,
took charge Of the business of Barring
los. Thomas, the eldest son, inherited his
hers baronetcy and retired. The other
established themselves in India.
GREAT CAREER.
Eenry Barring being a gambler and
pegrace, the management of the house
upon Alexander. Few careers in bust
or any other way of life have been SO
cessful Alexander was thoroughly
cated in England and Germany. Then
was put, for commercial schooling. in
Amsterdam banking house of Hope g.
then the greatest in the world.
Fhen Hope & Co. were driven out OF
band into England by the French occu-
ton of their own country, young Barring
|ne with them, the most perfect master
ktant Of the mystery Of European finance.
&Before entering his fathers house, Alex
oder visited the United States, where he
BARRED the daughter of Senator Bingham,
Ft a beQuest from his father-in-law of
RO0OOO aud invested $1,000 in lands,
Vhlch soon doubled in value. He stayed
Qere five years and gained a very favor
pc impression of the country, as well as
Many warm friends.
EXTENDING THE BUSINESS.
When lie went home to become his fathers
general manager, he was 30 years old. The
psf thing lie did was to reorganize the
louse and extend its business. Then he
uttered parliament as the member for
taunton, and at once began to have q great
pare IN shaping the financial and CONNER
Pal policy of England. His friendship for
Amerlca was shown in his determined oppo-
ltlon TO the orders in council, which finally
Fought about the war in 1912.
Alexander Barring was the first great
lFancier OF his time to recognize the futility
trying to affect the prices of commodities
legislation, and one of the first to advo-
Pc national system of currency, so ar
&nged as to meet the varying needs of
ommerce.
z"hlle he was attending to public affairs
was steadily building up the great fabric
MS own house. He went into the bust
f OF foreign loaps in 1878, when he pulled
restored BourbonS of France out of their
'L a- aiI ny negotiating for them loan
~ the convention of Aux-la- Chappelle
was the monetary advisor and authority
oil lne national representatives.
FOREIGN LOANS.
us was the beginning of the foreign
Plhess OF the house, which has since at
eu enormous proportions, so that the
Ae ol Rlchelleu said there were six great
elS IN Europe - England, France,
ss.a, Prussia aud Barring Brothers. The
oNauon OF national loans on gigantic
oscame the chief business of the
ekander Barring, who had conceived
IAscuted these bold ideas, retired from
uouse IN 1928, when he was only 81
aWu' and went to live at ease on his
ulu estate at Shoreham. He left the
ne aS 10 the hands of his son Francis, his
uTRleWS and Joshua Bates, an Ameri-
ne had previously taken them all
'qe concern as partners. His nephews
Sonn Barring, who had been in part
ny WIN Bates In Boston, and Thomas
IS Of Hope. To represent bis own inter.
5 Io ielC ms son-in-law. NJ. Humphrey
lInay. Mr.. Bates died in 1864. and
sno r lhomas Barring was the chief
lager OF the house.