The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-13

The RsshschAlds.
THEIR RETIREMENT FROM YHE FINANCIAL WORLD
HISTORICAL SKETCH OF THEIR RISE AND FRO
0REss.
The Paris correspondent OF the London Star, writing
the 10Th Of July states that the given In nau
ca crcles OF the approaching retirement OF the Roths
chids has created strange sensation the rumor prove
true. not only Baron James, but both the Sous, Gus
ave and Alphonse would likewise withdraw from bust
ness the Of the house In Paris BIO cosedand in
short would exist no longer after the month Of Dscem
Der. The deplo able state in which Nathaniel RolLschd
still remains, who Ia the flower OF hs age aud strength
BIAS been suddenly struck wish paralysis, The
uncertainty Of financial oprations in the present
nnstnled state Of Europe, haze decidtd Baron james
10 take this .tep so IL Is said But although the
announcement even unconarmed yet by HIMSELF has
occasoned some little emotion amongst the money cd men
Of Paris, OF experience in these matters persist In
declaring such utterly incompatible with
the Barons age his nation, and his love OF domn alton,
aud therefore reject tho possibility.
We have obtained from other sources the folio wing
sketch Of this banking house.
1t usual TO the origin OF great families to some
gallant exploit or some lucky accident, which suddenly
raised the ancestor Of the house from obscury and pro-
vded him At the same time with legend 70 his coat of
sopsges Of history; their name title and estatetheir
position in the countrydescepding 10 them BY inheri
tance, and continuing from generation TO generation,
till war or revolution damages removes the old land
marks Of society But there other origins which
would be vain to endeavor TO arrive at by similar pro-
cess the origins OF houses that rise steadily suddenly
n their peculiar career ana the of which s not
secured by single incident but distributed evenly
he lifetime OF enc or more ssoerssOns In such cases
mind-n the idosyncrasy OF the racen the theory by
which their conduct in the world governea and tho st
accident, which attracts the attention Of the vulgar
the origin Of their fortune, s merely point d. appui
cted by iorethough and resolution. The rise OF the
ton OF this view Of question which will cease
be Interesting and aiJrds striking instance Of the
obtained which is customary 10 ascribe to chance mi
racle
In the middle Of the last ,century there lived In the
town OF FrarkoYt The Main, husband and wife OF the
Hebrew persuasion who lavshed all their cares upon
E0D whom they destined for the profession Of
master. The boy, whose Meyer Anslem Roihs
child and who born at Frankfort in the year i743
exhibited such tokens OF capacity that bis parents made
every effort in their power to give him the advantage Of
good educaton ana with this view he spent years
at FIrth, going through such curriculum Of study
appeared TO be proper The youth, however, had ma
especially to examination of ancient coins
in the knowledge Of which he attainei to considerable
proficiency Here was one step onward. in INC world
mesns Of extending and rsmifying his connexions in 30
ciey as wei as OF opening up to him source Of iume
date support His parents however, who were noted az
pous and upright characters, died when Lie ct
boy in bis eleventh ear; aud his Frankfort
he Get himself to learn practically the routine OF the
counting houle.
After this we find him in Hanover in the employment
Of wealthy bank, house. hose att airs he conducted
opening out under his auspices, In bis native city, the
germ Of that mighty Dusiners which destined act
establishing bis little bankrg house Meyer Anslem Roths
child prepared fimelf FOX the adventure By marrying
and bis prudent choice, there ia doubt contributed
greatly 10 hiB eventual success in the world
About this time Gil cnntance ia said 10 have occurred
TO which the rise OF the Rothschlds from obscurty
cIibed by tho.e Who find necessary such bril-
liant Effects to romantic and wonderful The
Prince OF Hesse Csssel it seems, in filing from the ap
preach Of the republican armies, desired, passed
through Frankfort to get rid OF large amount gold
and jewels in such way might leave him chance of
Is recovery AFTER the etorm had PASSED By With this
view, he sought out the humble money changer, who
consented reluctantly to take charge OF ina treasure bu
syirg in corner of his garden just At the moment
when the republican troops entered the gates Of the city
HIS own property he did not conceal for this would
o.casoned search and cteofully sacrificing the less
a. aeon the town was quiet asap, and recommended
his daily routine Of calm and steady industry. Bat he
ole in bis garder Be dug forth rom time to time rs
be could use II to advantage and, in hne, male such
aandsone profits upon his capital that on the dukes
turn In 1902 he offered to refund the WHOLE with FIVE per
cent interest This OF course was not accepted. The
money left to fuctisy for twenty yeara longer the
influence used, besides with the allied sovereisns in
1874 to obtain business for the honest Y" in the way
| Of raising public loats
The "honest Jes" unfortunately died two years be.
fore this date in 1872 but the whole story would appear
40 be either entirely romance, greatly exaggerated.
or he would hardly bave been selected by the Prince Of
H,tse Cassel as the depoeary o! sum amounting,
rate in the year 1901 he yas appointed agent to
the Lsndgrave afterwards Esctof of Hesse and in the
reuin) loan Of ten millions was contracted With the
Danish Court through the house Of Rothrchd Before
thsana necessarily 80, no donet,.hs kno 'ieoge and
raj CONFIDENCE his wealth had increased and
exeDsion Of the field OF his operations had taken place
The fact appears TO be- that by ths time the banker OF
Frankfort In the habit Of rendering assistance
than of requiring it, and the Grand Duke Of the day. to
whom the sraetes wed their civic and political rights
nominated him member Of the electora, college, ex
pressy reward for his generous services to bis fellow
cizers.
The personal character Of Meyer Aaselm Ro.hschd il,
not OF small consequence in the history Of the houseor
TIER dead father may be ead ito direct to this hour the
called into their counsels in every difficult question hs
judgment invoked and wnen the brothers meet
tultatiCD, the paternal spirit to presi
dent The explanation Of this well known AVID most
remarkable trait in The family is not difficult TO those
VITO are in the habit Of penetrating through the veil
OF the romantic in order to arrive at the simple rea
ties Of life. The elder Rothscbid was obviously
Of comprehensive Intellect, who did lot act on the
spur of chance necessity but after mature reflection,
and rules distinctly laid down: and be must have
brought up his children in certain theory. which sur
memory This is the only idoln copjured By pety
of his descendants His bearing, We are tod, was tran
gull and unassuming; aud although devout man, &C.
pleely uptpged with bg0y That In his charities
20 distinction between the lew and the Christian
In l8lZ Rothechd lef TO the mighty fortunes, OF which
his wsdom bad laid the founc ation ten chIdren-hve
sons ard I've daughters; laying upon them with his last
BREATH the injunction OF ingioAbe union. This liz
Of the grand principles TO which the Of the family
may be traced The command was kept by the with
religious fidelity The copartnershp in which they
of their fathers death, every proposal OF mo.
ment was submitted their joint discussion and
ried out upon an agreed plan each Of the brothers
OF their conduct il which actuates all prudent men,
and only deserving Of special remark in them from the
yghi cfoh
upon-ths the determination to the slight
est risk in the pursuit OF great profits Their grand Oh
ec was to see clearly each transaction TO Us termination
thought could avert and to be satisfied with reasonable
md ordinary reward The plan acted In twofold
ner. By outstanding their capital they were enabled to
take advantage Of thousand recurring commsaons
to extend their connection day by day. while their habua
caution earned for Them reputation Of soldty which,
AIaoie