The Indianapolis journal., 1894-04-24
DEATH OF A BANKER
Jesse Seligman, of New York, Dies
at a California Winter Resort.
He Was Supposed to BE Suffe ring from
Pneumonia. but Physicians Say His
Ailment Was Bright's Disease.

TO the last. Mr.. SeligInan came to Coro-
nado last Friday accompanied by his
| wife and two daughters. He had been con-
! scious for some time that he was then in
| critical condition, and he hoped the quiet
! of the place and the mild climate would
| restore his health. He expressed himself
! as hopeful when he came that the change
would benefit him, and. for a time 1t
| seemed that his expectations were we'll
J grounded Shortly afterwards, however,
his condition became serious. and it was
| evident yesterday that a crisis was immi-
| nent His immediate family was notified
| TO prepare for the worst. He sank steadily
| during Sunday night and until the end
| came. The body has been taken to un-
| dertaker on the San Diego side of the
| bay. where ii will be embalmed and re-
main until the arrival of his three sons,
who, it is said, left to-day on a special
train for San Diego. When they arrive
| the body will be sent 10 New York The
| local physicians who attended Mr. Selig-
man say Brights disease caused his death.
| They declare further that his ailment was
| not properly diagnosed in New York and
| that his treatment of no benefit. He
| was supposed TO be suffering from pneu-
monia when he came here
The Seligman family came originally from
Baiesdorf, Bavaria. Jesse was born in 1927.
| They were formerly peddlers and dealers in
old clothes, but the immediate parents of
| the family now so well known were we'll
enough off to give to their eight sons fair
| education Joseph, the eldest, was a grad
| uate of the University of Erlangen and had
| scholarly aptitudes. Yet his careless per-
sonal habits and manner SO disgusted Judge
| Hilton that he issued the famous anti-Jew-
| ;cI, hop picbin
Y Grand Union Hotel of Saratoga. Joseph
| came to America in 1888. He became ac-
| quainted with Judge Asa Packer, who made
him the cashier in his bank. Here he earned
money enough to send over to his old home
| for three Of his brothers, Jesse
| being one of them. On arriving
| in this country the three brothers sepa-
| rated, one going West, another South,
| while Jesse remained in New York and
became a ,veritabe Samuel of Posen."
| He went from house to house selling his
| small wares, and at the end OF three years
| was worth $1,000. Joseph, in the meantime
| had gone into the clothing business at
Greensburg. Ala, and did SO well that he
| sent for his other four brothers from Ba.
| varia. In 1S4S Joseph, always the head of
| the family, returned TO New York and
! opened clothing establishment in Church
| street Jesse, however stuck TO his ped
| ding until 1S49. when he caught the gold
fever and went to California He found San
L
houses, with one brick store; this he
| secured-a fortunate circumstance for him,
for when a fire subsequently, occurred
| burning the rest Of the city, Jesse's store,
stocked full of goods was uninjured, and
he made fabulous profits by the misfor-
tunes Of his rivals in trade. By 1857 Jesse
| had accumulated quite snug fortune as
| a storekeeper and clothing merchant. In
that year ne returned to New York. where
! he Joined his brothers Joseph and James in
| the wholesale and importing clothing busi-
ness Another brother was then added to
family came on the breaking out of the
civil civil war; t, They knew new, all "a. about wooden
ing contractors. and their prof
Its wv We're SO so enormous that att, at the close
| for them to reinquish their clothing busi-
ness and open a banking house at No. p
| Broad street In that year all the eight
brothers became members of the firm.
| Their names were Joseph, Jesse, William,
Abraham, Leopold, Isaac. James and den-
| ry. Joseph, the leader among the brothers,
| died short time since. He was n man of
ideas apart from his business, and in re-
Extremist % sort He ie Was follower % and nd the the
principal supporter of Felix Adler, the elo-
uedav Jew who PrsaGeed s
advocating, in his own phraseology,
'Deeus instead of Creeds." A very curious
listened to Professor Adler; fully one-half
| were born Jews who now dSly Moses and
the prophets. deride the Abrahamic rite and
| eXalt modern science and thought at the
expense OF all the creeds of the past. Jesse
never went as far as Joseph in religious
lorged to the liberal or reformed Jews. who
worshiped in the Temple Emmanuel in
Fifth avenue. There was little 10 distin-
| guish them from orthodox Unitarians
The house of Seligman has branches in
all the financial centers of the world. 1t
has agencies in London. Paris, Amster-
| dam, Frankfort, San Francisco New Or
| leans, and connections with the leading
| banking houses of South America and the
house and enjoyed the distinction of being
| eX-President Grants banker He had inti-
mate personal relations with the ex-Pres-
dent. and they owned adjoining cottages at
Long Branch.
The Seligmans have made a great deal of
| money by their connection with the gov
| ernment IS contractors, bankers and men,
| bers of tne various SyndicateS for placing
the government loans. Jewish bankers and
ing troublous times. They become rich while
wars are raging or great speculative fluctu-
ations in the stock or money markets take
place. As bankers the SeliGmans made the
bulk of their money in paper money times,
and when speculative influences controlled
the markets of the country It
debts that the Rothschilds. Barings,
Hopes and Foulds of Europe built up their
other bankers, have profted in the same
\ way in handling our national debt and act
ing as agents between the governemnt and
the people. pocketing a commission from
prises in which the Seigmans have been
engaged since Jesse had control of the
firm is the Panama canal project. They
We're at the head of the syndicate formed
for placing the LesSeps shares in this coun-
try. The Seligmans are also interested in one
Of the Southern systems of railway which
Is destined to seek an outlet in Mexico.
They are the principal manipulators of the
stock of the St. Louis and San Francisco
road. which they hone will some day ter
inmate at San Francisco and st. Louis
Jesse Seligman lived handsomely at the
! corner of FOrty-siXth street and Fifth ave
nue. He was a well-preserved man of ff-
six children. three sons and three daugh-
| ters.
Jesse Seligman always said he intended
to retire from business and use his money
for the benefit of the poor. He was a mem
Der of the Union League Club and the Pres.
ident of the Hebrew Orphan Asylum. AS
all the brothers have many children, the
Seligman family is now a most extensive
one. and the second generation has its tai
| ented representatives in many of the lead
ing business firms down town.
Michael ROland.
KANSAS CITY, April 2S-Michael Bo-
land, one of the celebrated triangle of the
Clan-na-Gael, died at his home in this city
to-day. He had been sick for three weeks
but his death was unexpected, until the
fatal turn in his illness about two days
ago. He had been confined TO the house
with malarial disorder and had far re-
covered from this complaint that he noti-
fled his law partner that he would be able
TO be at the office in day or two Just
n1.f hot md in 10 in Fa~kfa