 |
 |
 (Sir Francis BARING) (1740-1810) English merchant banker. In 1762, he, with his brother John, founded the house of John and Francis Baring Company, which by 1807 had become the prominent Baring Brothers, & Co.A group of three unusual partly-printed Documents Signed with the corporate signature “Fran Baring & Co.” (and one, “Agt[?] of Fras Baring & Co Tho Nixson“), 1 page each, 255 x 205 mm.(10 1/2 x 8 in.), “Devonshire-Square, Bishopsgate-Street.” [London], 4 April, 1801 – 17 May 1802, all addressed to “Richard Lloyd, Esqr.” being a series of statements pre-printed for Baring’s clients invested in United States securities at the turn of the nineteenth century. The documents read in most part: “By Order of the Bank of the United States of America, we have the Honor to acquaint you, that we have received from them a Remittance for Interest on American Stock standing in your Name, as particularized in the Foot of this Letter, and which we are ready to pay you… betwixt the Hours of Ten and One any Monday Wednesday, thursday or Saturday, betwixt the Hours of Ten and One.” and completed in manuscript, “any Wednesday Thursday or Saturday“.Richard Lloyd collected a fair amount of money on his American securities. Based on the present statements, he collected £632-4-9 in interest after commissions. Barings had become a major holder of stock in the Bank of the United States when the U.S. Government sold off its shares in the bank. In 1803, Barings financed the $15 million Louisiana Purchase by the United States. The same year, the U.S. government appointed Barings its London agents for the Bank of the United States. Folds and creases, some marginal wear including a few minor chips and tears, else very good. (EXA 5640) $600 |
|
