British Statesman, Financier. Merchant banker and policitian who founded Barings Bank-once Britain's oldest bank. He was the son of a clothmaker, who had settled near Exeter and who sent young Baring to studt commerce in London. With tremendous energy and ability with his brother, they built up an import-export agency in London, he went on to found the merchant bank. He also became director of the East India Company in 1779, services for which he was made a Baronet in 1793. Serving twice as MP for High Wycombe, he was a close associate of William Pitt the Younger, helping to finance the Napoleonic wars. He also helped finance the United States purchase of Louisiana from the French in 1802. His descendants include Evelyn Baring, first Earl of Cromer(1841-1917), "maker of modern Egypt."
British Statesman, Financier. Merchant banker and policitian who founded Barings Bank-once Britain's oldest bank. He was the son of a clothmaker, who had settled near Exeter and who sent young Baring to studt commerce in London. With tremendous energy and ability with his brother, they built up an import-export agency in London, he went on to found the merchant bank. He also became director of the East India Company in 1779, services for which he was made a Baronet in 1793. Serving twice as MP for High Wycombe, he was a close associate of William Pitt the Younger, helping to finance the Napoleonic wars. He also helped finance the United States purchase of Louisiana from the French in 1802. His descendants include Evelyn Baring, first Earl of Cromer(1841-1917), "maker of modern Egypt."
Bio by: s.canning
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