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Thomas "Tom" Baring
|Died||September 2, 1923|
Thomas Baring, known as "Tom", was the tenth child (fifth of second marriage) of Henry Baring of Cromer Hall, and younger full brother of Edward Baring, 1st Baron Revelstoke. Like his brother, Baring was involved in the family banking business, beginning his career in the Liverpool office of Barings Bank. He later moved to New York City to join Kidder Peabody. When, in 1890, Kidder Peabody split its dual Boston-New York firm, Baring became a partner in the separated New York firm. He and another Kidder-Peabody alumnus, George C. Magoun, formed Baring, Magoun. Both houses continued as North American agents for Barings.
Following the near-collapse of Barings, which initiated the Panic of 1890, and the death of senior partner Thomas Charles Baring (a cousin) in 1891, Tom returned to London to become a Managing Director of the reorganized Baring Brothers and Co. Limited in 1892. In 1896 he joined the new Barings partnership formed to oversee the limited company. He remained in both positions until his retirement in 1912. Although Tom was the eldest of the partners, his nephew John Baring, 2nd Baron Revelstoke became head of the firm.
Baring was born at Cromer Hall, Cromer, Norfolk, but never lived there as an adult. The estate was home to his younger brother Evelyn who, after a distinguished career as a statesman, diplomat and colonial administrator, was raised to the peerage as 1st Earl of Cromer.
Barings Bank was a British merchant bank based in London, and the world's second-oldest merchant bank after Berenberg Bank, Baring's close collaborator and German representative. It was founded in 1762 by Francis Baring, a British-born member of the German-British Baring family of merchants and bankers.
Earl of Cromer is a title in the Peerage of the United Kingdom, held by members of the Baring family, of German descent. It was created for Evelyn Baring, 1st Viscount Cromer, long time British Consul-General in Egypt. He had already been created Baron Cromer, of Cromer in the County of Norfolk, in 1892, Viscount Cromer, of Cromer in the County of Norfolk, in 1899, and was made Viscount Errington, of Hexham in the County of Northumberland, and Earl of Cromer, in the County of Norfolk, on 8 August 1901. These titles are also in the Peerage of the United Kingdom. A member of the influential Baring banking family, Lord Cromer was the son of Henry Baring, third son of Sir Francis Baring, 1st Baronet. He was succeeded by his son, the second Earl, a diplomat and civil servant. His son, the third Earl, was also a diplomat and served as British Ambassador to the United States between 1971 and 1974. In 2010 the titles are held by the latter's son, the fourth Earl, who succeeded in 1991.
Baron Howick of Glendale, of Howick in the County of Northumberland, is a title in the Peerage of the United Kingdom. It was created in 1960 for Sir Evelyn Baring, the former Governor of Kenya. A member of the famous Baring family, he was the third and youngest son of Evelyn Baring, 1st Earl of Cromer, and the great-grandson of Sir Francis Baring, 1st Baronet, the founder of Barings Bank. Baring's uncle was Edward Baring, 1st Baron Revelstoke, the father of Maurice Baring, while other members of the family include Francis Baring, 1st Baron Northbrook, and Alexander Baring, 1st Baron Ashburton. As of 2014 the title is held by the first Baron's son, the second Baron, who succeeded in 1973.
Baron Ashburton, of Ashburton in the County of Devon, is a title that has been created twice, once in the Peerage of Great Britain and once in the Peerage of the United Kingdom. Since 1835, the title has been held by members of the Baring family.
Baron Northbrook, of Stratton in the County of Southampton, is a title in the Peerage of the United Kingdom. It was created in 1866 for the Liberal politician and former Chancellor of the Exchequer, Sir Francis Baring, 3rd Baronet. The holders of the barony represent the genealogically senior branch of the prominent Baring family. The name Northbrook is derived from a tithing of the local parish.
Baron Revelstoke, of Membland in the County of Devon, is a title in the Peerage of the United Kingdom. It was created on 30 June 1885 for the businessman Edward Baring, head of the family firm of Barings Bank and a member of the Baring family. Baring was the son of Henry Baring, third son of Sir Francis Baring, 1st Baronet, and the nephew of Alexander Baring, 1st Baron Ashburton, the second cousin of Francis Baring, 1st Baron Northbrook, the elder brother of Evelyn Baring, 1st Earl of Cromer and the uncle of Evelyn Baring, 1st Baron Howick of Glendale. He was succeeded by his second but eldest surviving son John, the second Baron. John was a partner in Baring Brothers and Co. Ltd, a Director of the Bank of England, and also served as Lord Lieutenant of Middlesex. On his death the title passed to his younger brother Cecil, the third Baron. He acquired Lambay Island, north of Dublin, in 1904. As of 2017 the title is held by his great-grandson, the seventh Baron, who succeeded his father in 2012.
Evelyn Baring, 1st Earl of Cromer, was a British statesman, diplomat and colonial administrator. He served as the British controller-general in Egypt during 1879, part of the international control which oversaw Egyptian finances after the Egyptian bankruptcy of 1876. He later became the agent and consul-general in Egypt from 1883 to 1907 during the British occupation, prompted by the Urabi revolt. This position gave Baring de facto control over Egyptian finances and governance.
James Cecil Baring, 6th Baron Revelstoke was a British peer.
Edward Charles Baring, 1st Baron Revelstoke, was a British banker.
Thomas Charles Baring DL was a British banker and Conservative Party politician.
Thomas Baring was a British banker and Conservative Party politician.
Brigadier-General the Honourable Everard Baring was a British Army officer and Chairman of the Southern Railway.
Henry Baring was a British banker and politician. He was the third son of Sir Francis Baring, 1st Baronet, the founder of the family banking firm that grew into Barings Bank. His grandfather Johann Baring emigrated from Germany and established the family in England.
John Baring, 2nd Baron Revelstoke was senior partner of Barings Bank from the 1890s until his death. John was the eldest surviving son of Edward Baring, 1st Baron Revelstoke, and a great-grandson of the firm’s founder, Sir Francis Baring.
Baring is a surname. Notable people with the surname include:
The Baring family is a German and British family of merchants and bankers. In Germany the family belongs to the Bildungsbürgertum, whereas in England it belongs to the aristocracy.
Cecil Baring, 3rd Baron Revelstoke was an English banker and aristocrat.
Rupert Alexander Baring, 4th Baron Revelstoke was a British landowner and peer.
John Baring, 5th Baron Revelstoke was a British landowner and aristocrat who spent much of his life in Kenya.
Maude Lorillard Baring was an American heiress who married into the British Baring banking family.