The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-04-24

sEbsE bhLlomAN
The improvement did not continue. how
ever. and as he neared the coast his condition
was causing his family considerable alarm
He had contracted pneumonia on the way
Mr.. Seligman was very inflrm en- the Hotel
dol Coronado was reached. but his condition
was not considered dangerous until yesterday.
IL was seen then that crisis was imminent
Mr.. Seligman grew worse during the night
and expired shortly after $3.50 this morning.
He retained consciousness until the last. The
body was smbamed to-day and will be held
to await the arrival OF Mr.. seligman's three
sons. who started from tho East this morning
By o special train for San Diego.
Mr. Seligman was born in the little village OF
Stadt BayersdorL Bavaria. in 1927. He was the
fourth Of eight brothers. all OF whom ultimately
engaged In banking. either In this country or
abroad. His elder brother. Joseph tnow dead.
came to this country In 1887. while Jesse was
at the gymnasium at Erlangen. After being
private secretary to Judge Asa Packer. Joseph
seligman became cashier at tho bank at Nes-
Quehoning. Pa. He prospored so well that he
sent for his brothers william and James and
paid their passage across the Atlantic. They.
too. prospe.ed, and the glowing accounts they
wrote homo OF the potentialities Of wealth In
the new world determined Jesse Seligman.
then IA. to give up his intended university
education and Join thep. 80,
After getting more than . smattering OF Eng
lish in LANCASTER. Pa. where two q his broth
schooner. After getting enough capital by
peddling. the three brothers, opened a store
% mach % T Sa n s
max II fast enough. sold out their business
and returned to the North.
opened q dry goods. store in WATERFOWL. this
State. This was in ls4H Two years later. at
way Of the Isthmus OF Panama. lie carried
h% Fl 0SSs in TssSy
He replenished his stock as often as 1t was
sold out. and in the course Of few yesrs
San I Francisco &r. ssliSasn performed al the
s0: son S:zs AZ. Il: Er i sed %'n. .ye q
Fires were numerous as San Francisco was
q RI. n SS sn e SGSf GT Ing
Of clothing from : hre which destroyed tho
nsS a Of the Vigilance Com f mittss and sub.
ssqusn,ly, OF the Committee OF Forty which
hooters. as the first had from more vulgar
sTit6oueh s.ill doing I. good business. Mr.,
1851 and returned East. thinking he could do
better in a wider Held; He Joined his brothers
clothing business in this city, Although ths
times were not then pronltious. Joseph Selig-
man had already aspirations as = llnancier.
and the frm OF clothing merchants was soon
destined 70 be one oil the grsat banking houses
1t was the civil war which gave the selig-
for clothing from the Federal G government ON
BANKING Roass' which they foundsd IN i tS.
they placed Govern m emit bonds abroad. Their
pSt them S'i IN position 10 Uphold tne Goysrn,
ments credit as few other houses could. The
close Of the war war found them enormously
ilsS@snt o. their branch Banking houses
IN London. Paris. Frankfort. Amsterdam. Ran
StS the hep Of tss
% n Ts ma William sss@sa i the head Fl
the Paris house and Hsnry that OF Frankfort
James SD RI !. With the ETosd strsst Ropss
c9ndpetiPG the branch there. Abraham Is
The seliEmans have eOntInusd to deal In
Goysrnmsnt securities since the civil war. and
means all but a few years OF the interval have
been the Tseognized Government bankers
HSssabIiesn s and hiss is rssisnstioh from tSs
Union League Clue = year ago with the reason
for il was tbs OCCASION Of political as well as
twenty years, having served as . Vice Prssi- |
dent for fourteen years. when his son, Thso- |
shin. Thsodors was biaefSailsd solely be,
cause he Was Hebrew. AZ meeting hsld on |
ApTil IL OF last year Jesse SsliCmAn at once |
resigned as q member OF the club, Tut his |
designation has not yet been acted upon, 50 |
that he was still technically 4 member
Mr.. SsliRmAn was renowned for hts bsnsvo- |
leaes. he had been President for twenty |
years Of the Hebrew Orphan Asylum. which |
opened with fourteen inmates and now con |
tsins tUO. and he contributed Largely 70 its |
support. He was member q the New York !
Association for Improving the Condition OF /
the Poor Of the MstrOpohtAE Museum OF Art. /
and Of the Museum OF Natural History. lie I
lived at . East Forty-siXth street
His personal wealth is esl mated at $4,000 I
300. That OF the com binsd banking houses is 4
probably hall dozen times a, large. The (
American house has dealt during the last lew I
years with railways On 4 scale which only
ArRs cEpital could eOmmanc,
Dir. SsligmHn lett three sons and three 4
daughters, The sons are Thsodors. LAWYER; !
house and Albert who - engaged In mining /
IN Montana. one Of the daughters is Mrs.
Emma WAsSermann. The other two are IN