Baring Brothers & Co. records, 1803-1833.

Baring Brothers & Co. (London, England)

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Barings Bank was founded in 1762 as the John and Francis Baring Company by Francis Baring, with his older brother John Baring as a mostly silent partner. They were sons of John (né Johann) Baring, wool trader of Exeter, born in Bremen, Germany. The company began in offices off Cheapside in London, and within a few years moved to larger quarters in Mincing Lane. Barings gradually diversified from wool into many other commodities, providing financial services for the rapid growth of international ...

LeRoy, Bayard & McEvers (New York, N.Y.)

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United States. Department of the Treasury

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The Department of the Treasury was created by an act of Congress (1 Stat. 65), approved September 2, 1789. The orginal act established the Department to superintend the manage the National finances. This act charged the Secretary of the Treasury with the preparation of plans for the improvement and management of the revenue and the support of public credit. It further provided that the Secretary should prescribe the forms for keeping and rendering all manner of public accounts and for the ma...

Bank of the United States (1816-1836)

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In 1816, the Bank of the United States was rechartered, the first charter having expired in 1811, in an attempt to stabilize the national currency. Within the first three years, the bank was nearly ruined due to mismanagement. Langdon Cheves was elected president of its board of directors in 1819 and restored the bank's credit. In 1822, he resigned the post and was succeeded by Nicholas Biddle. The national charter for the bank expired in 1836, but Biddle kept the bank in operation until 1841, u...