Edward Baring, 1st Baron Revelstoke


Edward Charles Baring, 1st Baron Revelstoke, was a British banker.

Early life

A member of the Baring banking family, "Ned" Baring was born on 13 April 1828. He was the second son of Henry Baring from his second marriage, to Cecilia Anne. His younger brother was Evelyn Baring, 1st Earl of Cromer. His father, a Member of Parliament for Bossiney and Colchester, was divorced from Maria Matilda Bingham, a daughter of U.S. Senator William Bingham, the former wife of French aristocrat James Alexander, Comte de Tilly. From his father's first marriage, his elder half-brother was Henry Bingham Baring, an MP Callington who married Lady Augusta Brudenell, a daughter of Robert Brudenell, 6th Earl of Cardigan.
Sir Francis Baring, 1st Baronet was his grandfather and among his extended family were uncles were Sir Thomas Baring, 2nd Baronet and Alexander Baring, 1st Baron Ashburton.
He was educated at Rugby School in Warwickshire.

Career

Baring in 1882 became senior partner in the family banking firm of Baring Brothers and Co until forced to step down following the Panic of 1890. Edward's younger brother Thomas also became a partner in the bank.
He was also a Director of the Bank of England, chairman of Lloyds and a Lieutenant of the City of London. On 30 June 1885 he was raised to the peerage as Baron Revelstoke, of Membland in the County of Devon.
The town of Revelstoke in British Columbia, Canada was renamed in his honour, commemorating his role in securing the financing necessary for completion of the Canadian Pacific Railway.

Personal life

On 30 April 1861, Lord Revelstoke married Louisa Emily Charlotte Bulteel, daughter of John Crocker Bulteel, MP, and his wife Lady Elizabeth Grey. They had seven sons and three daughters, including:
Lady Revelstoke died in 1892. Lord Revelstoke survived her by five years and died in July 1897, aged 69. He was succeeded in the barony by his second but eldest surviving son John.

Descendants

Through his daughter Margaret, who married Charles Spencer, 6th Earl Spencer, he was the great-great-grandfather of Diana, Princess of Wales.

In popular culture

Arms