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Updated: May 31, 2025
They were an ill-fated race, these Barings, with a curse the curse of ruined men upon them. Who knew, indeed, but if poor Gervase Norgate, come of honest people at least, had gone into another family one which he could have respected, which could have shown him a good example and remonstrated with him with authority he might have been reclaimed?"
It was not even necessary that he should go to his bankers for the twenty thousand pounds; for his antagonists already had his check in their hands, and they had only to fill it out and send it to the Barings to have the amount transferred to their credit. Mr. Fogg, therefore, had no reason for going out, and so he remained at home.
Why, let me ask, should land be tied up any more than any other raw material? If the supply of cotton wool were limited to the hands of the Browns and the Barings, what would be the condition of the Lancashire manufactories? What the manufactories would be under such a monopoly, the land in the county of Mayo actually is under the system which prevails with respect to it in Ireland.
The Barings and the Rothschilds were merchants, as was also that wonderful man at Bombay, Sir Hommajee Bommajee, who was worth she did no know how many thousand lacs of rupees. That it would behove her, on her own account and that of her daughters, to take care of her own little fortune in contracting any such connection, that she felt strongly.
Webster became Secretary of State, and he entered into an agreement with an association of bankers, composed of the Barings, Corcoran & Riggs, and Howland & Aspinwall, for the negotiation of the drafts by them at a premium of three and a-half per cent.
Coming into the field untrammeled as the older houses were, he had a larger control of money than any of them, and far greater freedom of action. After a time the Rothschilds, the Barings, and other great bankers, began to learn that Smithers & Co. had vast funds every where, in all the capitals of Europe, and in America. Even in the West Indies their operations were extensive.
One beauty of the Old World shops is that if a visitor comes back to the place where he left them fifty years before, he finds them, or has a great chance of finding them, just where they stood at his former visit. In driving down to the old city, to the place of business of the Barings, I found many streets little changed. Temple Bar was gone, and the much-abused griffin stood in its place.
"The girl who writes came from Pond City. She was in the same atelier in Paris with George. She says: 'Your friends the Waldeaux have come to grief by a short cut. They flung money about for a few months as if they were backed by the Barings. The Barings might have given their suppers. As for their studio there was no untidier jumble of old armor and brasses and Spanish leather in Paris; and Mme.
Under oppression is neither contentment nor tranquillity. There are some who prefer being oppressed to the dangers of shaking off oppression; but I am sure there are millions who fear death less than enslavement. Peace therefore will not exist, though all your Rothschilds and Barings help the despots.
In 1810 he utilized about a million dollars deposited with the Barings of London to purchase shares of the much depreciated stock of the Bank of the United States, which materially assisted the government in bolstering European confidence in its securities.
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