New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1888-06-27
WEALTH or RoTHscHILDs

How They Founded Their Fortunes
From the Washington Post.
The Rothschilds are said to be the
richest family in the world. They
have banks in the leading capl
tails OF Europe. and kings and govern.
ments are among their customers.
The Paris branch OF the banking flrm
is said to keep capital OF $500, oOO,-
600 at its command, and hardly 9
war is begun in Europe for which the
funds are not furnished by this faln1-
". Still FIVE generations ago the
blood which now rules these mllllons
was selling old clothes in the JEWISH
quarter of Frankfort-on-the.M Main,
and when Madison was president the
first Millionaire died, leaving only
100000
[ once visited the home OF all the
Rothschilds at Frankfort, and looked
atthe little banking house where years
ago Anslem Meye Rothschlld began to
take articles on pawn and TO shave
notes for so much per cent. 1t is IN
the dlrtiest part OF Frankfort, and 1T
has about the same surroundings as
Five Points, New York. The street.
is dirty, it's inhabitants are second
hand clothiers, and it bears much the
same aspect now as it did when the
mother Of all the Ro.hschllds gave
birth to the fnancier who laid the
foundations of this immense wealth.
The Rothschllds own their old property
here to-day, and their ark still has
a branch here.
When Arselm Rothschild died leav-
ing this $5,OOO,OOO to his FIVE sons
he made them promise to keep the
fortune i'll the family and to carry on
the business together. They kept
their oath, and it is this policy that
has been the handspring OF their sue
cess. Through generations they have
worked together, married together,
and their millions have bred faster
than their families, One of these
boys stayed at Frankfort, another
went to Paris and established a bank
there, a third, Nathan, settled in
London, a fourth settled in Vienna
and the fifth opened a bank in Naples.
All OF them made money very rapidly,
and Nathan at London made his mill
lions breed faster than Australian
rabbits. He went to the Continent
during the Napoleonic wars and from
the knowledge there gained speculat-
ed OH the rise and fall of stocks. He
witnessed the battle of Waterloo and
by relays of horses and fishing
smack reached London in advance of
all other messengers. The telegraph,
was then unknown and his news was
the first brought in. The news he
gave.ou was that Napoleon bad con-
quered, or at least this was the news
that was spread all over London
after his arrival. Stocks, went down
like shot and Nathan was offered
loads of them, He refused to buy
but had his agents purchasing all the
time. The next day the true news
came and stocks jumped upward
Nathad Rothschild made, it Is said,
$5,OO0.0OO by the deal.
The Rothschilds hold high social
positions In the various countries of
Europe. They have mobiles among
them, ana their money has bought
them titles. They area family of,intei
lectual and artistic tastes, and with
all their wealth they have been some
what charitable. The idea prevails
among the Israelites that it Is their
Intention at some future time to buy
Palestine and give it back to the Jews,
and they have already established
hospitals at Jerusalem.
Some OF them have been horselovers.
and a Baron Rothschild owned Fav-
onla, one Of the famous horses that
have won the Derby. They believe in
enjoying their wealth and like to have
nice things about them. One OF the
Frankfort Barons not long ago paid
100000 for a silver cup which he
wished to use for as accent er. piece OF q
table service which he was making ap,
and one Of the Vienna Barons has a.
stable which cost him $4,000 This
stable has marble floors, encaustic
tiles painted by distinguished artists.
and its walls are frescoed with scenes
done by well-known painters. The
rings, chains and fittings, OF the stable
are silver, and one box-staI for a fa-
vorite horse cost, it is said, $4,000.
The income OF the. owner of this
stable is about $1,000 a day.
The biggest income of any single
man IN England is said to be that of
the Duke Of Westminster, who has
miles OF tenement houses and many
square miles OF AGRICULTURAL land.
He is said to. receive $50
minute the year round. or So, 900 an
hour. or $1,000 a day. Queen Vic
toria has also nice income. and It is
estimated that she has received nearly
one hundred millions of dollars since
she assembled the throne. The Dukes
OF Devonshire. and Norfolk and the
Marquis OF Butte. have each rents
amounting to s2.ooo.ooo per year,
and the Duke OF Portland, after ex-
trayagancies like those OF Monte
Cristo, accumulated $4,000, 900 of
unentalled property du1ing his life.
The tax OF England is LARGELY AN m
come tax and it IS possible to tell
something OF the. fortunes OF her citi-
zens from the, am cunt of income re-
turned; OF course this is always less
than the real amount received. Still
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