The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-05-26
THE ROTHSCHILDS.
SOME ANECDOTES OF THE GREAT HE
BREW BANKERs-THEGR GAINS
AND LOSSES.
IN. Y. Tines.l

M,x,or Ana,,,, Rothsobild tho frat Rotbs-
child embarked in finance and became a
,nnnnr- ohanuar ond exchange broker which
business naturally deveioSed into ali the
hronnboa ~ aancrol honktng About this
fine an event Occurred which eyercised now
e e,i inflnence in detarmnino the future Of
RothsnhId and in LAYING the basis for his i'm
mense wealth The fandgrave Of Hesse Gas
1nl WiIlianiy who aftcrtyards hecame Flee
tor ,,ndnr the title Of William I seeking
hnnlSer WITH whom tn denoait the vast sums of
money Inherited from his father, Frederick
II, sent for Rothschlld, who had been recon
NEEDED TO him ny BhrOn Estor1l, the latter
having learned the banker worth WINE ne
was yet q clerk with fieff CppehhiIh' oh
reaching the palace ana entering the apart,
ment OF the Rrlnce, Rothschlld Iouhd MN ana
tho Baron engaged IN q game on GheSS. ak
Ing up a position pehind the LandgfaveS
chair, the future mllllonaire watched the board
closely and silently. me game was against
William, Who AT length III dOuot what move
to make, turned 10 the banker ana suaueniy
asked him II ne Understood chess Wen
enough, your hlghness, ne repneu, 10 N
d,lce me. We're IL ! Paying, 20 castle on the
kings side The Prince acted on the sllg-
gestion or his visitor. ana turned deleat mo
victory. Placing his hand on Rothschilds
shoulder: You are a wise man, said he,
ana IL you are SO good q chesS payer, YOU
must have very clear mead Tor business
lrlllng as thls incident was, II was the com
''o''' |'N'SS'' U.s.
Prince ana Rothschlld, VINO was soon ap-
pointed the royal banker, TO Inc no small sur
PRISE OF MS competitors, VINO all wondered
why Willlain should pass them Dy ana select
the hebrew LOT so responsible anu conltuehtlaI
o position. About Sip,W'oo o We're th'is Trans
10, lev v" LIZ y, a oo 'a, e., no hn
served the Landprave through his later
troubles with zeal and fidelity and was the
mems of saving his wealth from falling into
the hands of the French
r,,rt, roee,s
~
1T must NOT he supposed, however tnat ne
was invariably successful. occasionally no
was exposed To many severe reverSeN by a
loan OF eXchequer billS on u "a per cent
stock, the iirSt OF the KIND introduced INTO Inc
English market, ne Is sald TO nave lost 81
5oO,ooO: The conversion OF French rent"s pro
! lected by Nj. de Nlllele would, in az probhhl
ity, have proved fatal to his position had 1T
been carried. The measure was lost by
| single vote in the Paris Chamber OF Peers,
Another dangerous contract was the per
cent loan made with M. de Polignac In 1880.
| just before the fall OF the BOurbonS in France.
The stock went down 20 to 80 per cent, and
he, of course, suffered by the decline BY the
| French revolution in 1913, and the deprecia-
ton in the funds which followed the several
disturbances in the European cities, 1t has
| been estimated that the losses OF the RothS-
chids reached the enormous figure OF S4O,-
100000. Although this took place after
| Nathan Meyers death, it Is included among
the losses which have been enumerated as
| tending TO show that in the vicisstudes OF
business even such a firm as that of ROths
child sometimes encounters severe reverses
Fortunately. the resources Of the house were