Alexander Baring, 1st Baron Ashburton
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Alexander Baring, 1st Baron Ashburton PC (October 1774 – May 13, 1848) was an English politician and financier.
Alexander was the second son of Sir Francis Baring, a famous banker, and of Harriet, daughter of William Herring. He was brought up in his father's business, and became a partner at Hope & Co.. He was sent to the United States for various land deals, where he married (on 23 August 1798) Anne Louisa, daughter of William Bingham of Philadelphia, and formed wide connections with American houses. In 1810, by his father's will, he became head of the family firm. A year later when Henry Hope died, he merged the London offices of Hope & Co. into Baring Brothers & Co..
He sat in parliament for Taunton (1806–1826), Callington (1826–1831), Thetford (1831–1832), and North Essex (1832–1835). He regarded politics from the point of view of the business man, opposed the orders in council, "the restrictions on trade with the United States in 1812," in 1826 the act for the suppression of small bank-notes. He opposed reform. He accepted the post Chancellor of the Exchequer in the Duke of Wellington's projected ministry of 1832; but afterwards, alarmed at the men in parliament, declared "he would face a thousand devils rather than such a House of Commons."
He was Master of the Mint in Robert Peel's government, and on the latter's retirement was created Baron Ashburton on April 10, 1835, a title previously held by John Dunning. In 1842 he was again sent to America, and the same year concluded the Webster-Ashburton Treaty. A compromise was settled concerning the north-east boundary of Maine, the extradition of certain criminals was arranged, each state agreed to maintain a squadron of at least eighty guns on the coast of Africa for the suppression of the slave trade, and the two governments agreed to unite in an effort to persuade other powers to close all slave markets within their territories. Despite his earlier attitude, Lord Ashburton disapproved of Peel's free-trade projects, and opposed the Bank Charter Act of 1844.
He was a trustee of the British Museum and of the National Gallery, a privy councillor and D.C.L. He published, besides several speeches, An Enquiry into the Causes and Consequences of ... Orders in Council (1808), and The Financial and Commercial Crisis Considered (1847).
Baring and his wife had nine children:
- William Bingham Baring, 2nd Baron Ashburton (1799–1864)
- Francis Baring, 3rd Baron Ashburton (1800–1868)
- Hon. Harriet Baring (3 May 1804 – 2 January 1892), married Henry Thynne, 3rd Marquess of Bath
- Hon. Rev. Frederick Baring (31 January 1806 – 4 June 1868), married on 24 April 1831 Frederica Ashton and had issue
- Hon. Anne Eugenia Baring (d. 8 March 1839), married Humphrey St John Mildmay
- Alexander Baring (2 May 1810 – 12 March 1832)
- Hon. Arthur Baring (8 October 1818 – 16 February 1838)
- Hon. Louisa Emily Baring (d. 23 March 1888)
- Hon. Lydia Emily Baring (d. 28 December 1868)
[edit] Quotes
Of this great mercantile family the Duc de Richelieu wittily remarked; "There are six main powers in Europe; Britain, France, Austria-Hungary, Russia, Prussia and Baring-Brothers!" (Vicary Gibbs, from the "Complete Peerage" 1910).
[edit] References
- Baring pedigree. Retrieved on 2007-01-22.
- This article incorporates text from the Encyclopædia Britannica Eleventh Edition, a publication now in the public domain.
| Parliament of the United Kingdom | ||
|---|---|---|
| Preceded by William Morland John Hammet |
Member of Parliament for Taunton with John Hammet 1806–1811 Henry Powell Collins 1812–1818, 1819–1820 Sir William Burroughs, Bt 1818–1819 John Ashley Warre 1820–1826 1806–1826 |
Succeeded by Henry Seymour William Peachey |
| Preceded by Edward Pyndar Lygon Sir Christopher Robinson |
Member of Parliament for Callington with Matthias Attwood 1826–1830 William Bingham Baring 1830–1831 1826–1831 |
Succeeded by Henry Bingham Baring Edward Charles Hugh Herbert |
| Preceded by Lord James Henry Fitzroy Francis Baring |
Member of Parliament for Thetford with Lord James Henry Fitzroy 1831–1832 |
Succeeded by Lord James Henry Fitzroy Francis Baring |
| Preceded by (constituency created) |
Member of Parliament for North Essex with Sir John Tyssen Tyrell, Bt 1832–1835 |
Succeeded by Sir John Tyssen Tyrell, Bt John Payne Elwes |
| Political offices | ||
| Preceded by Charles Poulett Thomson |
President of the Board of Trade 1834–1835 |
Succeeded by Charles Poulett Thomson |
| Preceded by James Abercromby |
Master of the Mint 1835 |
Succeeded by Henry Labouchere |
| Peerage of the United Kingdom | ||
| Preceded by New Creation |
Baron Ashburton 1835–1848 |
Succeeded by William Bingham Baring |
