Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1859-08-26
From the Richmond Daily Examiner
Retirement ROtlschilds from the Finane eiaI



from financial world. The report is credited by the
leading Journals of this country and England For this
various assigned attribung to the
troubled state of European affairs others to the prostra-
tion, by paralysis, of Nathaniel Rothschids of the
most sagaclOus OF that family of famous fnanciers-
TO neither of these causes, however can be properly
attributed first, because the Rohschds reap their lar
gest harvests from financial speculation during periods
OF national disturbance, and their most and
usurlOuS notes OF interest eXaced from embarrassed
monarchs, pending long and expensive wars. Now
would the prostratiOn, by disease of of the numer
family Of Rotschilds interfere with the financial ope
rations OF the family while other members of it, pos
sesslng equal talent, actively engaged in business?
A leading New York journal furnishes in our opin-
ion, the most rational explanation of the of this
rumored retirement from the financial world of this f
nous family OF money-lenders 1t is that Napolean
has completely changed the financial system of Europe
and has stripped the Rotbschilds of that power. He
has taught the monarchs of Europe to rely upon their
subjects and not upon Jew usurers for loans. He has
introduced the American system of loans successfully
into France, that Austria, Prussia and other European
governments have followed his example. When money
needed by the Emperor of France he advelses for
loan specifying the maximum loans which the govern
meDt will receive from each individual. The bids for
these loans have not un quenty exceeded ten fold the
amount desired by the government. BY making thous
ands and millions almost interested in these loans the
government is strengthened each creditor of the gov
ernment becomes its friend and partzan, and from the
strongest considerations of seishness, opposes all at
|
which would be attended with personal loss to the cred
tor. The financial greatness of the Rothschids was the
result Of the old system, when Kings borrowed money
from Jew usurers and then taxed the people oppressive
y and cruelty to pay debts not unfrequenty due to for
egn creditors
But the Rothschilds having performed great part
lii Europe for than half century, and having fur
nished the means of conducting mighty which have
more than once changed the face of Europe have wisely
determined to retire with dignity before the loan poll
! shall
OF Othhr stock brokers and money lenders.
Deeming sketch of this wealthy family likely to in
erest readers, abrdge for their entertainment
and instruction the reliable and perfect history of
the family which we have seen -
In the middle of the last century there lived in the
town OF Franktorton-the-Man, husband aud wife of
the Hebrew persuasion, who avisbe all their upon
son. whom they destined for the profession of school
master The boy, whose Meyer Anslem
ROthschld and who born at Frankfort IN the year
l743 exhibited such tokens of capacity that his parents
made every effort in their power to give him the advan
tage OF good education and with this view he spent
some months at Furth going through such curriculum
of study appeared to be proper. His parents died
when he was yet boy, in his eleventh year; and on
his return to Frankfort he set himself to learn pract
caly the routine of the counting house.
Alter this we find him in Hanover In the employ
ment of wealthy banking house, whose affairs he
ducted for several years with and fidelity and then
opening out under his auspices in his native city,
the germ of that mighty business which destined to
act 50 powerfully upon the governments OF Europe.
About this time circumstance is said to have occur
red which the rise of the Rothschids from obscurity
is ascrbed by those who find necessary to trace such
brilliant effects to romantic and wonderful causes. The
Prince Of Hesse Casse it seems in flying from the ap
prOach OF the republican armies desired as be passed
through Frankfort get rid of large amount Of gold
and Jewels In such way might leave him chance OF
its recovery after the storm had assed by. With this
view, he sought out the humble moneychanger, who
consented reluctantly to take charge Of the treasure
hIpJ Y+
when the republican troops entered the gates of the city
Ills own property he did not conceal, tor this would
have occasi)ed search and checrufy sacrificing the
ss for the preservation OF the greater he opened his
Ctce as soon the town quiet again. and recon-
menced his daily routine OF calm and steady industry
But he knew well the value of money to allow the
gold to lie idle in his garden. dug it forth from time
to time, he could it to advantage and, in fne
made such handsome profits on his capital, that on the
dukes return in 1902, he Offered to refund the whole
with five per cent interest This OF course, not
ceptcd The money left to ructify for twenty years
longer, at the almost nominal interest of two per cent
and the dukes influence was used BESIDES with the allied
soveregns in 1914, to obtain business for " the honest
Jew III the way of raising public loans
The honest jew " unfortunately died two years be-
fore this date In 1872 but the whole story would ap
pear to be either entirely romance greatly exagger-
ated Rothschild must have already been eminent
banker, or he would hardly have been selected by the
Prince OF Hesse Casse the depOSitary of a sum
amounting, it is said, to 100000, exclusively Of the
jewels. At any rate, it was in the year 1901 he was
appointed agent to the Land GRAVE afterwards Eector OF
lesse and IN the next year indicated in the story
that of the princes return loan OF ten millions
contracted with the Danish Court through the h02se OF
r Jthschild
In 1902 ROthschid left to the mighty fortunes Of
which his wisdom had laid the foundation, ten children
o live sons and five daughters laying upon them with
his last BREATH the INJUNCTION OF an nvioabe union.
This is OF the grand principles to which the
m of the family be traced The command was kept
by the with religious fidelity. The cOpartnershit
I in which they were left remained uninterrupted and
from the moment of their fathers DEATH every proposal
of moment submitted to their Joint discussion and
carried out upon agreed plan, each OF the brothers
20 sharing equally in the results.
We may mention another circumstance which, or
various occasions must have contributed largely tht
mercantile of the family. Although their rea
union continued ndssoube, their place of residence
is far asunder each member of the house domicng him
self in different country For Instance, Anslem borr
in 1913, fixed his residence at Frankfort Solomon
born in liza, chiefly at Vnna Charles born in l776
at Naples and James, born in 1892, at Paris The
fifth brother, Nathan, horn in 1897, resided in London
p and died at Frankfort in 1887. The house thu
"a ubiquitous. 1t was spread like network the na
tlOns and it is wonder that, with all other thng
considered its operations upon the money market shou
N at length have been felt trembingy by every Cabine
in Europe.
sc We have no means of giving anything like the sta
tistics of this remarkable business but it is stated il
the Conversations Leroon that in the space of twelve
10 years-from 1913, the period, may remark, whel
e. had ruined all Europe and when governments were
th only able to keep themselves afOat by fngng The
le financial burthen upon posterty-between eleven
twelve hundred million forins (Gl1O 100000 to e120,
900 ,00O) raised for the SoVereigns of Europe
through the agency of this house. partly as loans anC
he partly as subsidies OF these 500000000 hOrDs were
N for Eugland l2OOO0OOO for Austria, l00O00000 fol
Enr for Ma