Everything about Jacob Barker totally explained
Jacob Barker (1779-1871) was an
American financier and
lawyer, born in
Swan Island,
Me., of
Quaker parentage. He went to
New York at the age of 16, engaged in trade, and soon amassed a considerable fortune. Beginning in
1811,
Fitz-Greene Halleck was employed by him for twenty years. Early in the
War of 1812 he was instrumental in securing a loan of $5,000,000 for the
national government. In
1815 he founded the
Exchange Bank of New York and subsequently became interested in many other large financial institutions in the city, including the
Life and Fire Insurance Company, on the failure of which in
1826 he, with a number of others, was arrested on a charge of
conspiracy to defraud. At first he acted as his own lawyer, however, eventually eminent attorneys
Benjamin F. Butler and
Thomas Addis Emmet (1764-1827) were counsels for his defense. The
jury disagreed on the first trial and convicted Barker on the second trial; but an appeal was granted and the
indictment was finally quashed. He removed to
New Orleans in
1834, became prominent in financial circles, was admitted to the
bar, and practiced with success in
insurance cases. At the close of the
War of the Rebellion he was elected to the
United States Senate, but
Louisiana not having been readmitted to the
Union, he wasn't allowed to take his seat. In
1867 he was declared
bankrupt and spent the last few years of his life with his son in
Philadelphia. He published:
The Rebellion: Its Consequences and the Congressional Committee, Denominated the Reconstruction Committee, with their Action (1866).
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