The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1888-03-22
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How the Great Money 1kluss Of the World
Founded Thsir Fortunes.
The Rothschilds are said to be the
richest family IN tho world. Thoy
have banks in the leading capitals Of
Europe. aud Kings and governments
are among their customers The Paris
branch Of the banking firm Is said TO
keep capital Of $500. 600. 600 at its
command. aud hardly a war il begun
in Europe for which the funds are not
furnished by this family. Still FIVE
generations ago the blood which now
rules these millions was selling old
clothes In the Jewish quarter of Frank
fort.on-t the Main, and when Madison
was President the first Millionaire
Rothschild died leaving only e5. 000..
600.
l onco visited the home Of all
the Rothschids at Frankfort and
looked ut the little banking house
where years ago Anselm Meyer Roths-
child began to take articles on pawn
and to shave notes for so much per
cent. It is in the dirtiest part Of
Frankfort and 1t has about the same
surroundings as Five Points, New
York. The street Is dirty, its inhabit-
ants are secondhand clothiers. and It
bears much the same aspect now as it
did when tho mother Of all the Roths-
childs gave birth to tho flnancier who
laid the undations Of this immense
wealth. Tho Rothschilds own their
old property here to-lay, and their
bank still has branch here.
When Anselm Rothschild died, leav.
ing his &5. 900 O0) to his five sons, he
made them promise to keep the fortune
in the family and to carry on tho bus
mess together. They kept their oath.
and 1t is this policy that has been the
handspring of thoir success. Through
generations they have worked to-
gether. marriel together, and their
millions have bred faster than their
families. Oae Of these boys stayed at
Frankfort. another went to Paris and
established bank thore, third,
Nathan, settled in London. n fourth
settled in Vienna aud the fifth opened
a bank in Naples. All of them made
money very rapidly. and Nathan at
London made his millions breed faster
than Australian rabbits. He went to
the continent during tho, Napoleonic
wars. and from the knowledge there
gained speculated on the rise and fall
of stocks. He witnessed tho battle of
Waterloo, and by relays Of horses and
a tishing-smack reached London in
advance of all other messengers. The
telegraph was thon unknown, and his
nows was the first brought in. The
news he gave out was that Napoleon
hed conquered, or Mt least this was
the news that was spread all over
London after his arrival. Stocks went
down like a shot and Nathan was Of
fered loads of them. He refused to
buy. but had his agents purchasing
all the time. Tho next day the true
news came and stocks jumped up
ward. Nathan Rothschild made. 1t is
said, $5 600. 600 by the deal.
The Rothschilds hold high social
positions in the various countries of
Europe. They have mobiles among
them, and their money has
bUught them titles. They are family
~ ssatoctual and artistic tastes, end
with all their wealth they have been
somewhat charitable. The idea pre-
walls among the Israelites that 1t is
their intention at some future time to
buy Palestine and give it back to the
Jews, and they have already estab-
lished hospitals at Jerusalem. Some
of them have been horse lovers. and
Baron Rothschild owned Favonia,
one Of the famous horses that have
won the Derby. They believe in en-
joying their wealth and like to have
nice things among them. One of the
Frankfort Barons not long ago paid
$3.50. 600 for silver cup which he
wished to use as center-plece of a
table service which he was making
up, and one of the Vienna Barons has
q stable which cost him $50. 900. This
stable has marble floors. encaustis
tiles painted by distinguished artists.
and its walls are frescoel with scenes
done by well-known painters The
rings. chains and fittings of the stable
are silver. and the box-stall for {
favorite horse cost. 1t is said. &12. 600
The income Of the owner Of this stable
is about $5. 900 day. - Washington