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Updated: May 31, 2025
I think he will be at least twenty days behind-hand, and that Lord Albemarle will lose a cool five thousand." "It is clear," replied Gauthier Ralph; "and we have nothing to do but to present Mr. Fogg's cheque at Barings tomorrow." At this moment, the hands of the club clock pointed to twenty minutes to nine. "Five minutes more," said Andrew Stuart. The five gentlemen looked at each other.
Beckford, the famous Lord Mayor of Chatham's day, was father of the author of Vathek, who married an earl's daughter and became the father of a duchess. The Barings, descendants of a German pastor, settled in England early in the century and became country-gentlemen, baronets, and peers. Cobbett, who saw them rise, reviled the stockjobbers who were buying out the old families.
The old families, he said, were giving way to 'loanjobbers, contractors, and nabobs'; and the country people amazed to find that their new masters had been 'butchers, bakers, bottle-corkers, and old-clothesmen. Barings and Ricardos and their like were swallowing up the old country gentry wholesale; and in later years he reckons up, as he rides, the changes in his own neighbourhood.
His son, the first Lord Hawarden, was born in 1727, and Captain Francis Maude was this Lord Hawarden's youngest son. The year of his death saw also that of a truly venerable woman, Mrs. Hodgson, mother of Kirkman and Stewart Hodgson, the well-known partners in Barings' house.
It is unaccountable that I could not now find the seat of Sir George Downing's squire, though I examined particularly every seat on that side of Henry VII's Chapel, where I before found it. I must try again. . . . October 6th. Yesterday was not an eventful day. I took J with me to the city, called on Mr. Sturgis at the Barings' House, and got his checks for a bank post-note.
It proved that there was no floating capital left in the country; and when the Barings and Rothschilds combined, almost as much from public spirit as from private speculation, to raise a loan of a few millions for the minister, they absolutely found the public purse was exhausted, and had to supply the greater portion of the amount from their own resources.
Charles Francis Adams's complete edition of the works of his grandfather, nor Parton's Life of Jackson, both of which I begged him to read, particularly the chapters in the former in which are traced the steps in the progress of making the American Constitutions. Van de Weyer, the Belgian Minister, whose wife is the daughter of our Bostonian Mr. Bates, of Barings.
The City men who were in the House that night, and all the Directors of the Bank of England were in the gallery, and every chairman of a great banking company, and every Baring and every Rothschild, if there be Barings and Rothschilds who have not been returned by constituencies, and have not seats in the House by right, agreed in declaring that the job in hand was too much for any one member or any one session.
In this belief he ordered the Barings, of London, to invest all his funds in their hands in shares of the Bank of the United States, which was done, during the following year, to the amount of half a million of dollars. When the charter expired, he was the principal creditor of that institution, which Congress refused to renew.
There only remained of his fortune the twenty thousand pounds deposited at Barings, and this amount he owed to his friends of the Reform Club. So great had been the expense of his tour that, even had he won, it would not have enriched him; and it is probable that he had not sought to enrich himself, being a man who rather laid wagers for honor's sake than for the stake proposed.
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