Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1859-09-01

r The R0thScnlluS--1 nclr lletlremen
from the Financial WOrld-His
!, torical Sketch of their Rise an
Progress.
The Paris correspondent of The Londo
Star, writing on the 25th Of July, state
that the assurance given in financial circle
Of the approashing retirement of the Rotf
schilds has created strange sensation.
the rumor prove true not oaly Baron james
but both the sons, Gustave and Al2house
would likewise withdraw from business, tIl
accouats of the house in Paris be closed :
J and in short, itwould exist no longer afte
the month of December. The deplorabl
state in which Nathaniel Rothchild still re
mains, who in the flower OF his age an,
strength, has been suddenly struck wit
paralysis the uncertainty of financial opera
lions in the present unsettled stase of Europe
houe decided Baron James TO take This STEP
90 a. is ssid. Rutssl,housi sii the announce
mt, even u3confrmed as yet by hlmsel
mas occasiuned some ttie emotion amongs
the moneyed men of Paris, men of expert
ence in these matters persist in declarin!
that such a measure is utterly incompatible
with The Baron's sge, his nation, and his low
of domination; and therefore feject the pos
sibiliiy.a q @
We have obtained from other sources tht
following sketch of this banking house:
Ii is usual to trace the origin OF great
families TO some gallant exploit, or SONS
lucky accde mt, which suddenly raised the
ancestor of the house from obscurity ant
provided him at the same time with legenC
To his coat of arms. The representatives.
of such families are born personages OF his
tors; their name, title and estate-their
position in the country descending to them
by inheritance. and SO continuing from
generation to generation, till war OF revolu-
tion damages or removes the old landmarks
of society. But there are other origins
which it would be vain TO eDJeavor to arrive
at by similar process; the origins OF
houses that rise steadily, Rot suddenly, in
their peculiar career, and the success OF
which is not secured by single incident,
but distributed evenly over the lifetime of
one or more generations. In such cases
the germ of prosperity must be sought for
in the family mind-n the idiosyucracy of
the race-in the theory By which their con-
duct in the world is governed; and the first
accident which attracts the attention Of the
vulgar as the origin of their fortune, is
merely point d. dppui selected by fore
thought and resolution. The rise of the
house of Rotbschilds presents very re-
markable illustration of this view of ques-
tion which will never cease'to be interest
ing, and affords a striking instance of the
natural and simple means by which those
vast results are obtained which it ia custo-
mssy- to ascribe to chance or miracle.
In the middle of the last century there
lived in the town of Frankfort-on-the-M Main,
a husband and wife of the Hebrew persua-
sion, who lavshed all their cares upon
son, whom they destined for the profession
ola schoolmaster. The boy. whose name
was Meyer Anslem Rothschld, and who
was born at Frankfort, in the year l743,
exhibiting such tokens of capacity that his
parents made every effort in their power to
give him the advantage of good education;
and with this view he spent some years at
Furth, going through such curriculum of
study as appeared to be proper. The youth,
however, had a natural bent towards The
study of antiquities. and this led him more
to the examination of ancient
coins, in the knowledge of which he attain
ed to considerable proficiency. Here was
one step upwarcs in the " orld; for in after
years his antiquarian researches proved the
means Of extending and ramifying his con-
nexions in society, as well as opening up to
hin. source of immediate support. His
parents, however, who were noted as pious
and upright characters, died when be was
yet boy. in his eleventh year; and On his
return to Frankfort he set himself to learn
practically the routine of the counting
house.
After this we find him in Hanover, in the
employment, of wealthy banking house,
whose affairs he conducted Tor several years
with care and fidelity; and then we see
opening out under his auspices, in his native
city, the germ OF that mighty business
which was destined to act SO powerfully
upon the Governments of Europe. Before
establish ng his little banking houss, MeysI
Anslem Rothschild prepared himself for he
adventure by marrying; and his prudent
cho ce. there is no doubt, contributed great
ly TO his eventual success iE the world
About this time circumstance is said to
h cd 10, hicb ha If @ Rpf h.
sehilds from obscurity is ascribed by those
who find it necessary TO trace such brilliant
effects to romantic and wonderful Causes
The Prince of Hesse Csssel, it seems, in
flying from the approach of the repub lean
armies, desired, as he passed through Frank
tort. to get rid Of large amount in gold and
jewels in such way as might leave him a
chance OF lis recovery after the storm had
passed by. With this view, he sought out
the humble money changer, who consented
reluctantly to take charge of The treasure,
burying it in corner of his garden iust at
the moment when the republican troops
entered the gate of the city.
His own property he did not conceal, FOR
this would have occasioDed search, and
cheer r'ully sacrificing The less for .hc preser.
vation of the greater. he re-opened his Office
as soon as the town was quiet again. and
Recommended his daily routine Of cain and
steady industry. But he knew TOO well The
value of money to allow the gold TO lie idle
IN his garden. He dug it for'h from time to
time, as he could use il TO advantage, and,
in fine, made such handsome profits upon