The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-04-24

cally benefited. but IN this he was disap
pointed. He returned to America last
summer and went to the Coron ado in the
early part of September. his physicians
having recommended the climate of South.
ern California At first he appeared to be
slightly improving, but the impros emen
was not permanent. His vitality gradually
wasted away, and yesterday morning be
breathed his last
The name of Seligman is known and re.
spected throughout the world. 1t has been
spoken by the lips of princes, 'emperors
and statesmen with the respect which
great financial power always eompels. 1t
has also been uttered reverently, coupled
with expressions of gratitude, by many
suffering and downtrodden poor. In the
financial centers of the world the name
Seligman is as we'll known as that of
Rothschild or Hirsch.
Jesse Seligman was one Of seven BROTH
ers who have established the gigantic
banking institutions which bear their name
IN Europe and America. He was born 10
Bavaria, but came to the United States
when boy, and at once set to work on a
busy career that was crowned by success.
He engaged in mercantile pursuits at
various places in New York State and there
| laid the foundation for the success of his
later life.
Early in the ifties. when the gold ex-
element was at its height, Mr.. Seligman
came to California and located in San
Francisco, where he engaged in the
clothing trade on a large scale, whole.
sailing for several of the most prominent
| firms in the East and in Europe. He was
a member OF the Vigilance Committee,
and many old San Franciscans can remem-
Der that he was an active member of that
| organization.
In 1864 Mr.. Seligman disposed of his
mercantile business in this city and joined
in establishing the banking firm of j.
Selgman & Brothers. This was done in
connection with the European and New
York banks. in which all the Seligmans
held more or less interests and controlled
the general management. The San Fran
cisco Bank, originated by Jesse Seligman,
was merged into the Anglo-American
Bank in 1893 and became an Incorporated
concern.
After the organization of the Anglo
American Bank Mr.. Seligman went to
New York and made several trips to En-
rope, taking active part in the steadily
growing business of the banks of Seligman
Brothers. 1t was this firm that placed the
first issue of United States bonds among
the moneyed men and in the cash centers
of Europe. Mr.. Seligman spent some time
in the East and in Europe, but he had
seen the light of the western shores and
he could not and would not stay away
from California. He returned and became
identified with most of the leading finaD-
cial enterprises that conferred in this city.
He and his firm are largely interested in
the Donahue Railroad, and were closely
connected financially with Mervyn Dnna-
| hue. He owned and controlled much
stock in the Missouri Pacific Railway, the
| st. Louis and San Francisco and the At
lantic and Pacific roads. He was for many
| years a director of the latter road until il
was absorbed by the Atchison. Topeka
and Santa Fe system.
That magnificent charitable establish
ment, the Hebrew OrphanIA sylum of New
| York City, may justly be pointed to as a
monument to Jesse Sellgman. He had
been its president from its very beginning
until his death, and he was the principal
mover and supporter of that great work.
He was charitable without ostentation,
and no worthy man or woman in need
no matter of what faith or creed-ever APP
pealed to him in vain. Politically he was
stanch Republican, and was a leading
member of the Union League Club.
Mr.. Seligman was accompanied to Coro.
nado by his wife and two daughters, who
/
His family consists of Mrs. Seligmap
three sons and three daughters. The sons
are grown. and are engaged in the variou:
banking establishments of the firm Of
Selgman Brothers. lgnatz S.einhart
general manager Of the Ango-Americar
Bank, Is first cousin to the deceased. s,
also are Mrs. Phil Lilienthal and s. Stein
hart, the latter being of New York but a.
present in this city.
Mr.. Lilienthal was asked by CALL re-