Edward Baring, 1st Baron Revelstoke
Edward Charles Baring, 1st Baron Revelstoke | |
|---|---|
| Born | Template:Birth date United Kingdom |
| Died | July 17, 1897 (aged 69) |
| Occupation(s) | Financier, banker |
| Known for | Senior partner at Baring Brothers and Co, Director of the Bank of England, Chairman of Lloyds Bank, 1st Baron Revelstoke |
Edward Charles Baring, 1st Baron Revelstoke (13 April 1828 – 17 July 1897) was a distinguished British financier.
Early life
Born into the influential Baring banking dynasty, Baring entered the world on 13 April 1828 as the second son of Henry Baring and Cecilia Anne (née Windham). His younger sibling was Evelyn Baring, 1st Earl of Cromer. His father, who served as a Member of Parliament representing both Bossiney and Colchester, had previously been married to Maria Matilda Bingham, daughter of U.S. Senator William Bingham. From this earlier union, Edward had an elder half-brother, Henry Bingham Baring, an MP for Callington who allied with the aristocratic Brudenell family through marriage.
His grandfather was Sir Francis Baring, 1st Baronet, and among his uncles were Sir Thomas Baring, 2nd Baronet and Alexander Baring, 1st Baron Ashburton. Edward received his education at Rugby School located in Warwickshire.
Career
In 1882, Baring assumed the role of senior partner at the family banking institution, Baring Brothers and Co, maintaining this position until his resignation following the financial turmoil of the Panic of 1890. His younger brother Thomas also became a partner in the firm. Additionally, he held a Directorship at the Bank of England from 1879 to 1891, chaired Lloyds Bank between 1887 and 1892, and served as a Lieutenant within the City of London. On 30 June 1885, he was granted a peerage as Baron Revelstoke, of Membland in the County of Devon.
The Canadian town of Revelstoke was renamed to honor him, acknowledging his instrumental efforts in securing funding for completing the Canadian Pacific Railway.
Personal life
On 30 April 1861, Lord Revelstoke wed Louisa Emily Charlotte Bulteel, daughter of MP John Crocker Bulteel and Lady Elizabeth Grey. Together they had seven sons and three daughters, among whom were:
- John Baring, 2nd Baron Revelstoke (1863–1929), who passed away unmarried.
- Cecil Baring, 3rd Baron Revelstoke (1864–1934), who married American heiress Maude Lorillard Tailer.
- Hon. Everard Baring (1865–1932), Brigadier-General and Military Secretary to the Viceroy of India; husband to Lady Ulrica Duncombe.
- Hon. Elizabeth Baring (1867–1944), spouse of Valentine Browne, 5th Earl of Kenmare.
- Hon. Margaret Baring (1868–1906), married Charles Spencer, 6th Earl Spencer.
- Hon. Susan Baring (1870–1961), Maid of Honour to Queen Victoria; married Sir James Reid, physician to three monarchs.
- Hon. Maurice Baring (1874–1945), renowned literary figure.
- Hon. Hugo Baring (1876–1949), married Lady Evelyn Harriet Hogg.
Lady Revelstoke passed away in 1892. Lord Revelstoke died in July 1897 at age 69 and was succeeded by his second son but eldest surviving heir, John.
In popular culture
- Appears as a minor figure in historical-mystery novels such as Stone's Fall by Iain Pears and The Last Days of Night by Graham Moore.
- Mentioned in Gilbert & Sullivan's Iolanthe within the Nightmare Song where the Lord Chancellor refers to shares held by Rothschild and Baring.
See also
- Dartmouth House, located in Mayfair, London
External links
- Articles with short description
- Articles with hCards
- No local image but image on Wikidata
- 1828 births
- 1897 deaths
- Alumni of Rugby School
- Barons within the Peerage of the United Kingdom
- British banking professionals
- Baring family
- Individuals linked to the Bank of England
- United Kingdom peers appointed by Queen Victoria
- 19th-century English entrepreneurs
- British bankers