New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-07-02

nsborough Ala He was moderately Sue
cessful in this venture and as he had
saved a little money he sent for his seven
brothers. urging them to come TO America
Three of them came at once and the others fol-
lowed later. Jesse and Henry spent the first
seven years in WATERFOWL n. Y. where they
conducted a prosperous drygoods business.
Joseph still remaining in the South. Having
accumulated enough capital TO risk the larger
field. the brothers united their resources and
opened an importing house in NewYork CITY.
soon after admitting the other brothers. who had
come from Europe.
When the civil war broke out it became APP
parent to Joseph that a magnificent opportunity
TO make money in finance and banking was At
hand. His brothers agreeing. the banking house
Of J. 81 w. Seligman az co. was opened in lS62.
The bank had an extraordinary success almost
from the first, and branches were established IN
London. Paris Frankfort. and i'm two American
cities San Francisco which branch after
ward consolidated with the Anglo-Calfornia
Bank, and in New Orleans where il is now
known the Seligman and Heman Bank. Mr..
Hellman being L son-in-aw Of Mr.. Seligman
Joseph Seligman was a genial refined and
highly cultured man. exceedingly large minded
and generous. Although a Hebrew by birth.
and cherishng always deep sympathy with
his race n entirely free from bigotry ~
narrowness and his name was identified -
patron with nearly every charitable organiZa-
ton in the city, irrespective of religious
dGflldtOnS. lie WAS the fpunder OF the Hebrew
orphan Asylum. and promoted many Industrial
schools and kndergartenS. With Or Felix
Adler and other LIBERAL minded Hebrews he or
Ganized the Society for Ethical Culture. TO which
he gave the of $1,000. He was married in
1913, and to him and his wife. Babette were
born nine children. of whom Isaac Newton
Seligman. the present head OF the banking
house. is the third
Isaac Newton Segman was born in New
York July 10. 1850. He received his education
entirely in this city, entering the Columbia
Grammar School at the age OF ten In 1872
was graduated with honors in 1876. During his
College course he prominent in athletics.
and a member of the famous eight oared
crew which won the race on Saratoga Lake. in
1874 from Harvard Yale and Zine other college
crews. He has always been loyal alumnus 81
Columbia, was for a long time president OF the
boat, club. and was active in raising funds fOr
The new college grounds.
For the two years following his graduation he
was connected with the New-Orleans bank
which took important part in establishing
the credit Of the United States in Europe and
in placing United States Government bonds
under Grants Administration and afterward.
Mr.. Seigmans marked talent for finance was
apparent at an early stage OF his business
career, and when, in 1873 he entered the New
niZed figure of prominence in the banking world
OF the metropolis. On the death OF Joseph
Seligman in 1880, he. with his uncle Jesse be-
came the head Of the firm, position which hs
now occupies alone.
His clubs the Lotos the University, the
Arts. the st. Andrews Golf Society and several
others.
Mr.. Selgman was married in 1888 10 Mis-
Guta Loeb. daughter OF Solomon Loeb OF the
banking firm OF Kuhn. Loeb & Co. OF Frank
fort Germany. They have two children. Joseph
Lionei and Margaret Valentine SeIigman-