Baring

Baring, Sir Francis, Bart., was born in 1740, being the third son of John Baring, M.P. for Exeter, whose family came from Bremen. He founded the great house of Barings and Co., which rivalled the Rothschilds, was for many years a director of the East India Company, and held a large interest in government loans, whence he derived great profits, especially in the critical years 1797 and 1806. He sat in Parliament from 1784 to 1806, was made a baronet in 1793, and died in 1810, leaving the then enormous fortune of two millions in realised and landed property: From him descend Lord Ashburton, Lord Northbrook, and Lord Revelstoke.