Sir Francis Baring, 1st Baronet Baring of Larkbeer

He was an English merchant banker, later becoming the first of the Baring Baronets. He was born at Larkbeare House near Exeter.[https://www.baringarchive.org.uk/]

Links:

[https://www.baringarchive.org.uk/genealogy/] =The Baring Archive

http://en.wikipedia.org/wiki/Sir_Francis_Baring,_1st_Baronet

http://www.findagrave.com/cgi-bin/fg.cgi?page=gr&GRid=13012677

http://histfam.familysearch.org/getperson.php?personID=I50020&tree=...

http://www.royalblood.co.uk/D468/I468580.html

http://thepeerage.com/p3028.htm

Profile portrait by Sir Thomas Lawrence Sir Francis, left with brother John & son-in-law Charles Wall

Encyclopedia Britannica (Sourced & copied from internet entry on Sir Francis Baring -1st Bnt.)

Sir Francis Baring, 1st Baronet



British financier and merchant

Written by: The Editors of Encyclopædia Britannica    Sir Francis Baring, 1st Baronet British financier and merchant born April 18, 1740

near Exeter, England died September 11, 1810

Lee, England

Sir Francis Baring, 1st Baronet, (born April 18, 1740, near Exeter, Devonshire, Eng.—died Sept. 11, 1810, Lee, Kent) British financier who established one of the most influential business firms in the history of the United Kingdom. The third son of a German immigrant, he went to London, where he gained experience in two mercantile firms and, in 1763, set up the partnership of John & Francis Baring & Company. At first he acted merely as an import and export commission agent for other merchants, but the house of Baring, known as Baring Brothers and Company after 1806, also bought merchandise on its own account, lent its credit in the form of acceptances, and received deposits of friends and clients. It became a key aid to the British government in financing the wars against France after 1792. Sir Francis also underwrote marine insurance and took an active part in the management of the East India Company, of which he was head in the year 1792–93 and for which he received his baronetcy. He was a friend of Jeremy Bentham, a follower in large measure of Adam Smith, and adviser to numerous politicians, the most notable being William Pitt the Younger.

One admirer stated in the Gentlemen’s Magazine that he was, at the time of his death, “unquestionably the first merchant in Europe; first in knowledge and talents, and first in character and opulence.” His house led in financing U.S. trade and marketing U.S. bonds, 1815–60; for its subsequent history, see Baring Family

     



Corrections? Updates? Help us improve this article!

Contact our editors with your Feedback. To propose your own edits, go to Edit Mode.

Britannica Stories

In The News / Science Tsunamis on Mars Tsunamis on Mars

Demystified / Food What's the Difference Between Sweet Potatoes and Yams? What's the Difference Between Sweet Potatoes and Yams?

Spotlight / Science Endangered Species Day Endangered Species Day

See All Stories

BRITANNICA QUIZZES

Geography of India

Bauhaus

Fishes vs. Mammals

See More Quizzes

About Us

About Our Ads

Partner Program

Contact Us

Privacy Policy

Terms of Use

©2016 Encyclopædia Britannica, Inc. 

Sir Francis Baring, 1st Baronet, (born April 18, 1740, near Exeter, Devonshire, Eng.-died Sept. 11, 1810, Lee, Kent), British financier who established one of the most influential business firms in the history of the United Kingdom. The third son of a German immigrant, he went to London, where he gained experience in two mercantile firms and, in 1763, set up the partnership of John & Francis Baring & Company. At first he acted merely as an import and export commission agent for other merchants, but the house of Baring, known as Baring Brothers and Company after 1806, also bought merchandise on its own account, lent its credit in the form of acceptances, and received deposits of friends and clients. It became a key aid to the British government in financing the wars against France after 1792. Sir Francis also underwrote marine insurance and took an active part in the management of the East India Company, of which he was head in the year 1792-93 and for which he received his baronetcy. He was a friend of Jeremy Bentham, a follower in large measure of Adam Smith, and adviser to numerous politicians, the most notable being William Pitt the Younger.

One admirer stated in the Gentlemen’s Magazine that he was, at the time of his death, “unquestionably the first merchant in Europe; first in knowledge and talents, and first in character and opulence.” His house led in financing U.S. trade and marketing U.S. bonds, 1815-60.