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Lot description
JAMES LEAKEY (BRITISH, 1775-1865) A pair of portrait miniatures of Charles and Margaret Baring Charles Baring (b. October 28 1748, married September 6 1767, d. January 13 1829), wearing black coat, white stock, his hair powdered and worn en queue Watercolour on ivory Gold frame, the reverse engraved with sitter's dates Oval, 82mm high Margaret Baring, nee Gould daughter of William Drake Gould of Lew Trenchard (in Cornwall) and Margaret Gould daughter of Belfield Esq., (b. 1742, married 1767), wearing black dress with white chemise and white lace cap Gold frame, the reverse engraved with sitter's dates Oval, 82mm high Charles Baring was one of the founders of Barings bank, which was Britain's oldest merchant bank. Barings was founded on Christmas Day 1762 by, John, Francis and Charles Baring, the sons of John Baring, a German wool trader who had arrived in Britain some 45 years earlier. It began life as a merchant house, but soon developed into financing other merchants, becoming a fully-fledged bank. It made its name during Britain's war efforts, first agains the American revolution and then Napoleon's France. In 1803, the bank financed the Louisiana Purchase, America's $15m acquisition of land from France that doubled the size of the USA. Three years later it moved to the Bishopsgate office, where it remained until its collapse in 1995 when Peter Baring resigned as chairman ending 232 years of unbroken family control of the bank. This lot is subject to CITES