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Encyclopedia Britannica



BATES, JOSHUA (1788-1864)

This article appears in Volume V03, Page 510 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: BAR-BEC
BATES, JOSHUA (1788-1864) , American financier, was born
in Weymouth,
Massachusetts
 , on the loth of October 1788, of an old
Massachusetts
  family prominent in colonial affairs. After several winters' schooling in his native town, he entered the counting-
house
  of William Gray & Son in Boston. In 1809 he began business on his own account, but failed during the War of 1812 and again became associated with the Grays, then the largest shipowners in America, by whom a few years later he was sent to London in charge of their European business. There he came into relations with the Barings, and in 1826 formed a partnership with John, a son of Sir
Thomas
  Baring. Two years later both partners were admitted to the firm of Baring
Brothers
  & Company, of which Bates eventually became senior partner, occupying in consequence an influential position in the British
financial
  world. In 1853-1854 he acted with rare impartiality and justice as umpire of the international commission appointed to settle claims growing out of the War of 1812. In 1852-1855 he contributed $1oo,000 in books and in cash for, a public library in Boston, the money to be invested and the annual income to be applied to the purchase of books. Upon his death the " upper
hall
 ," or main reference-room (opened in 1861) in the building erected in 1858 by the order of the library trustees, was named Bates
Hall
 ; and upon the opening of the new building in 1895 this name was transferred to its principal reading-room, one of the finest library halls in the world. During the Civil War Bates's sympathies were strongly with the Union, and besides aiding the United States government fiscal agents in various ways, he used his influence to prevent the raising of loans for the Confederacy. He died in London on the 24th of September
1864.
See Memorial of Joshua Bates (Boston, 1865).


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