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Los 325
Edward Patry (British, 1856-1940) Portrait of Francis Barring Bt 1740-1810, inscribed en verso 'Sir Francis Baring, Study for picture in the Payal Exchange painted by Edward Patry', signed lower left and dated 1927 oil on canvas, unframed, 127 x 81 cm Baring, Sir Francis, first baronet (1740-1810), merchant and merchant banker, was born at Larkbear, Exeter, on 18 April 1740, third of the four surviving sons and one daughter of John Baring (1697-1748) and his wife, Elizabeth Baring daughter of John Vowler, a prosperous Exeter 'grocer' who dealt largely in sugar, spices, teas, and coffee. Despite being partially deaf from an early age, in 1762 Francis Baring established the London merchant house of Barings. He emerged as a powerful merchant banker and by the mid-1790s reckoned that his concerns had been 'more extensive and upon a larger scale than any merchant in this or any other country'. Baring's father, the son of a Lutheran pastor, emigrated from Bremen in 1717 and settled at Exeter, where he became a leading textile merchant and manufacturer, and a landowner; other than the bishop and the recorder, apparently he alone in Exeter kept a carriage. His premature death in 1748 resulted in Francis, aged eight, being brought up and strongly influenced by his mother. Her sound business head doubled her firm's worth and in 1762 she extended the business to London. Notwithstanding these private reverses, the City of London quickly recognized Baring's special qualities and in 1771 the Royal Exchange Assurance, a giant public business, appointed him to its court. He underpinned his directorship, which continued until 1780, with a holding of £820 in the company's stock, no mean sum when his assets totalled £13,000. This appointment was important to hold; for the first time he was marked out from the throng of merchants populating the courts and alleys of the City. The partnership capital grew steadily from £20,000 in 1777 to £70,000 in 1790, and to £400,000 in 1804. Baring came to contribute the major share, providing 12 per cent in 1777, 40 per cent in 1790, and 54 per cent in 1804. Annual profits rose to £40,000 in the 1790s and peaked, untypically, at over £200,000 in 1802; they were calculated after payment to partners at 4 per cent interest, sometimes 5 per cent, on their capital. Baring's share of the profits increased steadily from a quarter in the mid-1760s to a half from 1777 and to three-quarters from 1801. His total wealth, business as well as private, rose accordingly, from almost £5000 in 1763, to £64,000 in 1790, and to £500,000 in 1804. Hope & Co. of Amsterdam, the most powerful merchant bank in Europe's leading financial centre, was Baring's most valuable connection. Their association is said to have begun in the 1760s, when Hopes passed Baring some bills to negotiate and ended up 'exceedingly struck with the transaction which bespoke not only great zeal and activity, but what was still more important … either good credit or great resources … From that day Baring became one of their principal friends'. The link was consolidated in other ways, in particular through the marriage in 1796 of Pierre César Labouchère Hope family a leading figure at Hopes, to Baring's third daughter, Dorothy. Baring's work from 1782 as an adviser on commercial matters to cabinet ministers propelled him from relative obscurity to the inner circles of British political life, underlining how in these early years his influence was entirely disproportionate to the resources he commanded. The catalyst for this advancement was his Devon connections. His brother John was elected to parliament as a member for Exeter in 1776; more importantly, in 1780 his sister, Elizabeth, married another MP and fellow Devonian, John Dunning. A rich and influential lawyer, Dunning was allied to Lord Shelburne, a powerful whig politician who held progressive views on political economy and whose borough of Calne Dunning represented in parliament. In July 1782, following Shelburne's promotion to prime minister and Dunning's appointment as chancellor of the duchy of Lancaster, Baring fulfilled the new prime minister's need 'to have recourse from time to time to mercantile advice'. Baring, by instinct a whig, became Shelburne's confidential adviser on commerce, or his 'handy City man', according to a discontented William Cobbett. Baring's ideas on political economy and commerce were well ahead of his time; in 1799 he rightly defended the Bank of England's decision (in 1797) to suspend specie payments as both correct and inevitable, in the face of hostile opposition from many of his peers. Baring was not nearly as close to the tory leader William Pitt, who followed Lansdowne as prime minister and who held office almost continuously until Baring's retirement from active business. Their views were far apart, and on Pitt's death Baring was quick to stress their lack of concurrence 'on any great political question for above 20 years, our political opinions and principles being different' (The Times, 6 Feb 1806). In particular he disagreed with Pitt's policy for the seemingly endless continuation of a wasteful war; they also suffered differences over government policy towards the East India Company. Baring's personal influence in government waned but his expert advice, always fairly delivered, continued to be provided on such matters as trade with Turkey, the importance of Gibraltar, and the funding of the national debt. As part of Pitt's cleansing of abuse from public office, in 1784 he appointed Baring a commissioner charged with investigating fees, gratuities, and prerequisites for holding certain offices. Britain's European allies needed funds and came to Baring who, with Hopes, now organized some of the first marketings of foreign bonds in London. Believing fervently that 'it may be desirable not to have the subject to discuss with our own Ministers, as you know very well how ignorant they are of foreign finance', in 1801 he dispatched P. C. Labouchere of Hopes and his son George to negotiate a loan to the court of Lisbon. The resulting 'Portuguese diamond loan' of 13 million guilders was shared between Barings and Hopes on the usual 25:75 basis. Baring died on 11 September 1810 at Lee and was buried in the family vault at Stratton, Micheldever, on 20 September. He was survived by five sons and five daughters. His eldest son, Thomas, succeeded to the baronetcy and country estates; Thomas's son Francis was to enter political life and in 1866 was created Baron Northbrook. His second son, Alexander, succeeded him as senior partner and was later created Baron Ashburton for his political services. The third son, Henry, was also a partner, albeit an unremarkable one, while the other surviving sons, George and William, never rose to prominence. After Baring's death tributes included one from Lord Lansdowne, son of his political friend, who reckoned Baring was a 'prince of merchants'. Another political ally, Lord Erskine, wrote: 'he was unquestionably the first merchant in Europe; first in knowledge and talents and first in character and opulence'.
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A 19th Century French ivory painted miniature of Madame Nona Raymonde, painted by GK Rowelle The oval portrait painted in vibrant colours depicting the young lady with wide brimmed hat and muff, before a naturalistic landscape, 14x10cms, set with a gilt metal and ebonised frame. (illustrated)
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The New Testament translated from the Latin, in the year 1380 by John Wiclif DD to which are prefixed memoirs of the life, opinions and writings of Dr. Wiclif, printed by Richard Edwards, 1810, morocco spine, marbled boards, engraved portrait, some wear to spine and covers, 4to, 1 volume. Condition report: see terms and conditions
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Solomon Joseph Solomon R.A. (1860-1927) Portrait of a young boy Signed twice with a monogram Oil on canvas 50 x 35.5cm; 20 x 14in The artist frequently painted his children and this is possibly a portrait of his son Dorian ++Unlined, a little light craquelure, one or two minor blemishes, otherwise good condition, would be enhanced by a light clean
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English School 19th Century Portrait of William Hussey, three quarter length Mayor of Salisbury (1758), MP for Salisbury (1774-1813)Inscribed and dated Apr. 6th 1780 Oil on canvas 142 x 115cm; 56 x 45in Hussey gave 15 houses in Castle Street, Salisbury to found an almshouse. Ten of these were to be allotted to the aged and infirm and he also gave the income on an investment to provide weekly pensions for the residents. ++Unlined, two poor repairs lower quarter, rubbing to margins, a few small flecks of paint loss
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Circle of Sir Joshua Reynolds P.R.A. Portrait of Elizabeth Gunning, Duchess of Hamilton and Argyll (1733-1790), the celebrated Irish Belle, wearing a green dress and resting her elbow on a book Oil on canvas, circular 78.5cm; 31in diameter Elizabeth Gunning was the daughter of John Gunning of Castle Coote, Roscommon, Ireland and was a celebrated beauty. Reynolds painted three very similar portraits in this format: Mrs. Richard Cumberland -- 1763 Mary Bertie, Duchess of Ancaster - 1757-59 Mrs. Wood -- 1757 Provenance: The Collection of Charles Brinsley Marlay (1831-1912) [notable collector and major benefactor to the Fitzwilliam Museum], Belvedere House, West Meath, Ireland and by inheritance to Lt. Col. Charles Howard Bury (1881-1963) [Explorer], Belvedere House and by inheritance to Rex Beaumont: His sale ‘Removed from Belvedere House, Ireland’: Christie’s, London, Importrant Pictures by Old Masters, 4th December 1964, Lot 59 The Collection of Douglas Wing, Iden, Rye, Sussex The Collection of Drs. Isobel and Salim Dalali, Bel-Air, Los Angeles, California, U.S.A. Private English Collection
![English School c.1800 Portrait of James Hussey [b. 1757] Pastel 56 x 47cm; 22 x 18½in Hussey was an Officer in the 17th Light](https://cdn.globalauctionplatform.com/d48fbcda-37cc-4ccf-8c0e-a5bb00e5afca/6d05bbd9-3bf3-491f-bf28-c802e672d175/468x382.jpg)
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English School c.1800 Portrait of James Hussey [b. 1757] Pastel 56 x 47cm; 22 x 18½in Hussey was an Officer in the 17th Light Dragoons posted to North America in 1775. In 1776 he was a Cornet (2nd Lieutenant), eventually rising to Captain. In the 1809 census he was listed as living in The Close, Salisbury and was described as ‘barrister out in practice, magistrate and alderman’ ++Joins to paper on both side margins, repaired tear upper margin, some areas of discolouration to face, some rubbing and further marks and blemishes
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Sir Thomas Lawrence P.R.A. (1769-1830) Portrait of Maria Margaretta (née Murray), Lady Talbot De Malahide Oil on canvas 76.2 x 63.5 cm; 30 x 25in Provenance: By descent in the family of the sitter Private collection, England. This recently rediscovered portrait of the famous heiress Maria Margaretta Murray, is a significant addition to Lawrence’s oeuvre, and dates from the late 1820’. We are grateful to Professor Brian Allen for confirming the attribution to Sir Thomas Lawrence following his first hand inspection of the painting. Maria Margaretta Murray (d. 1873) was the youngest daughter of Patrick Murray, a landowner in Forfarshire (Scotland), and the heir to his vast estate of some 2, 600 acres. In 1842 she married James, 4th Baron Talbot de Malahide (1805-1883), by whom she had seven children. The Talbots were one of the oldest families in Ireland (having been granted land as early as 1184), where they resided until the sale of Malahide Castle in 1976. Painted in with a rich fur stole, white chiffon dress and shimmering jewellery, Lawrence captures Maria as a completely unaffected, intelligent and characterful young woman. Turning her gaze to one side, she betrays the hint of a smile as if something has just captured her attention. Indeed, so successful was Lawrence at capturing the character and spirit of his sitters that society gossiped as to his goings on. Lawrence’s contemporary Fanny Kemble noted: ‘His sentimentality was of a particular mischievous order, as it not only induced women to fall in love with him, but enabled him to persuade himself that he was in love with them, and, apparently, with more than one at a time.’ ++Relined, good restored condition
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