The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-11-21

chairman of the board Of directors Of that
gigantic corporation, and in 1893 he was
created baron by Mr.. Pitt. II was owing
largely to his influence with Pitt that the
charter of the East India company was re-
uewed in 1897. He sat in parliament from
1874 to 1906, and died in 1910. when his
eldest son Thomas succeeded to the title.
but not to the chief partnership Of the
house. To that place Alexander Barring. Sir
Thomas next younger brother. succeeded.
Alexander Barring had received an impor-
lea, and in 1898 had married Anne
Louisa, eldest daughter Of William BinR-
ham, of Philadelphia, senator from Penn
sylvania. Through this American conneo-
ton Barring Brothers obtained almost i'm
mediately the foreign agency Of the United
1872, which began less than two years after
Alexander Barring had assumed the head
ship of his firm. the Barings acted as agents
of that country, and, although remittances
ceased and instructions were wanting, they
continued to pay the foreign creditors Of
the United States the interest on the debt
as it became due.
This relationship between the government
Of the United States and the house Of Bar
ing Brothers lasted from early in this cen-
fury until 1887, when for short time dur
ing the administrations Of jackson and
van DUIc4 Uu0 6KSuOy WH0 v0AoA AAOAA4 WIG
house which had held it 60 long. This in
terruption did not last long. The agency
was returned to Barring Brothers d Co.,
who held it for another forty years. until
Brown Brothers were appointed in their
place.
Great Britain, with the title of Baron ASH
burton, the peerage Of that name held By
his uncle, John Dunning, Lord Ashburton,
having expired. Al Lord Ashburton the
second head Of the house of Barring Broth
ers il best known in this country; for il
minister of Great Britain, drew up with
Daniel Webster the famous "Ashburton
treaty" Of Aug. 8, 1742, whereby the north
ern boundary of Maine was settled and the
i'll feeling caused by the seizure Of Ameri-
can vessels by British cruisers off the coast
of Africa was calmed. Lord Ashburton de-
clined an earldom on his return to Eng
land, and died in April, 1913.
In 1928 the house of Barring Brothers d
%. had received valuable infusion Of new
blood in the accession to partnershiiP Of
who had been in Russia for many years,
and since 1926 had carried on In London q
prosperous banking business with John
Barring, nephew Of Alexander Barring,
Lord Ashburton. His partnership brought
the house of Barring Brothers closer than
ever to this country. and extended it's rep.
Mr.. Bates, then managing partner of the
house, was made umpire between the Brit
ish and American commissioners appointed
to make settlement Of ell claims
Of Americana against Great Britain
and British subjects against the United
States arising ont Of the war Of 1872. This
delicate office he fulfilled with absolute inn
partially, although, being an American, il
might have been expected that his deci-
sions would provoke some dissati.faction
among the British claimants. On the com.
pletion of this arbitration the queen offered
He founded the Boston public library now
the second largest in the United States, con-
tributing $4,000 toward it. and sending
about 26.O00 volumes to its shelves. he
died in London Sept. n, 1864.
He had been head Of the firm, however,
when the influence and credit Of the great
house had been thrown always ON the side
Of the north. When Mr.. Adams, our min
lister. began proceedings to prevent Laird.
the Birkenhead shipbuilder, from deliver
ing to their owners two steam rams which
ground that they were for the confederate
government-Laird's action in the mat
ter OF the Alabama having laid
him open to suspicion-a large bond was
required as perequisite to . rule" to
influence the house Of Barring Brothers 4
Co. advanced the necessary funds. The
firm then consisted Of Francis Barring, II.
p, brother and heir of the! second Lord
Ashburton; Joshua Bates. Thomas Barring,
Charles Barring Young, Russell 6turRis; Of
Boston, a relative Of Mr.. Bates; G. Edward
Barring, and Henry Bingham Mildmay.
Some years ago Barring Brothers became
the agents of the Argentine republic, where
there are large English interests. Through
this great house, too, has been made the re-
organization of the Atchison, Topeka &
Santa Fe railroad: and the financial ar
rangements of many of the English syndi-
cates'' which have been 90 active in this
country during the last year have been car
ried on through it and its New York agents..
Kidder, Peabody d Co.
The firm Is composed at present Of these
entlemen: Lord Revelstoke, James Stew
1T Hodg son, Henry Bingham Mildmay,