Editing Barings Bank (section)

===Reduced role: 1891–1929===
[[File:Barings circular letter of credit 1892.jpg|thumb|A [[circular letter of credit]] issued by Baring Brothers in 1892 to US Senator [[George Hoar]] for £1000, a very large sum of money at the time.]]

The rescue avoided what could have been a worldwide financial collapse, but Barings never regained its dominant position. A [[limited liability company]]—Baring Brothers & Co., Ltd.—was formed, to which the viable business of the old partnership was transferred. The assets of the old house and several partners were taken over and liquidated to repay the rescue consortium, with guarantees provided by the Bank of England. Lord Revelstoke and others lost their partnerships along with their personal fortunes, which were pledged to support the bank. Nearly 10 years elapsed before the debts were paid. Revelstoke did not live to see this accomplished, dying in 1897.<ref name="Philip Ziegler 1988"/>

Barings did not return to issuance on a substantial scale until 1900, concentrating on securities in the United States and Argentina. It operated under the leadership of Edward's son [[John Baring, 2nd Baron Revelstoke]], in the early years of the 20th century. The company's restraint during this period cost it its pre-eminence in the world of finance, but later paid dividends when its refusal to take a chance on financing Germany's recovery from World War I saved it some of the most painful losses incurred by other British banks at the onset of the [[Great Depression]].<ref name="Philip Ziegler 1988" />