Background
He was born on May 1, 1846, in Philadelphia, Pennsylvania, the son of Abraham and Sarah (Wharton) Barker.
(Excerpt from Currency and Finance: Memorial to Senators o...)
Excerpt from Currency and Finance: Memorial to Senators of the United States, Relative to Legislation on Currency and Finance; Philadelphia, April 6, 1911 Under existing economic conditions labor is robbed of a large part of its products for the enrichment of the idle. Labor is the producer of all wealth and is entitled to receive the just product of its toil, and it should be secured in its rights by laws enacted to fix a minimum wage per day for labor at such a sliding scale as would be effective to enable the laborer to participate in the general welfare and prosperity of the country. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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He was born on May 1, 1846, in Philadelphia, Pennsylvania, the son of Abraham and Sarah (Wharton) Barker.
After attending public schools in Philadelphia he entered the University of Pennsylvania. At seventeen he assisted in organizing the 3rd Regiment (U. S. ) of colored troops. In 1866 he graduated from the University with the degree of A. B. , and then began work with the banking firm of Barker Brothers & Company, of which two years later he became a member.
In 1878 the Russian Government appointed him its special financial agent in the United States and intrusted him with the building of four cruisers in American shipyards. A year later he was called to Russia to advise on the development of the coal and iron mines north of the Azof, and for his services was knighted by Alexander II. His Russian interests led to his acquirement of interests in the Orient. In 1887 he became associated with Count Mitkiewicz, who professed to have obtained from the Chinese Government, through Li Hung Chang, a $20, 000, 000 concession, including telegraph, telephone, and banking rights. The project, however, came to naught - according to Barker, because of the antagonism of British capitalists - and resulted in somewhat spectacular litigation between Barker and Mitkiewicz. Barker, while retaining his interest in the family banking firm, organized the Investment Company and also the Finance Company, both of Philadelphia, with a combined capital of $9, 000, 000. The banking firm was in some difficulty at the time of the Baring failure, but after an assignment in 1890, soon resumed business.
Barker was a student of political, economic, and social questions, and was an active controversialist. To give publicity to his views, he started a weekly periodical, the American, which ran from October 1880 to January 1891, was revived in December 1894, and then ran to the end of 1900.
In 1900, on the same day that the regular Populist convention endorsed Bryan, the "Middle-of-the-Road" Populists chose Barker as their presidential candidate. In the election he received only 50, 232 votes. He was not again active in politics. From 1880 till his death he was a trustee of the University of Pennsylvania and was always deeply concerned with its affairs.
Mr. Barker became known as the proposer for the presidency of the names of Garfield and Harrison, and as one of the chief opponents of a third term for Grant. He entrusted with the building of four cruisers and was called to Russia to advise in the development of coal and iron mines and was knighted for this by Alexander II.
(Excerpt from Currency and Finance: Memorial to Senators o...)
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Up to 1896 he was nominally a Republican. He had been a leader in the anti-third-term movement against Grant, one of the first to propose the nomination of Garfield, and eight years later an early advocate of the nomination of Harrison. But in 1896 his views on currency reform swung him over to the support of Bryan. He favored what he called an "absolute" money to be issued by the government, and advocated bimetalism only as a temporary makeshift. He later became affiliated with the People's party and supported most of the Populist demands.
He was a man of broad social sympathies, was widely informed, and was a voluminous writer of articles and letters on a great range of subjects.
On October 16, 1867, he was married to Margaret Corlies Baker.