The Montgomery advertiser., 1905-08-06
FRENCH ROTHSCHlLDS
BRANCH or THE GREAT FAMILY
 OF FINANCIERS.
Uarly BeEinnings--Youngest Son Es- teblished the House in Paris--- Part Played by the Family h the Affairs of France-
 Financed lmmease
 Projects.


 Projects.
 Washington Star.
 Paris, speciai.--In Paris they are stili talking of the late Baron Alphnse ee Rotbschild and the way in which he steadied the French market of Rus- sian securities down to the last days or his life.
 He was the one private person in Pparis whose supposed decisions were thus discussed by the man in the street in connection with the great European events, and what was remarkable In Alphonsc, the son, had been remarka- ble ia James, his father. ever since the first of the French Rotbschilds came to Paris as a young man of 20 at the end of the year 1872.
 In the palace of the head of the Vi- epna house there hangs a painting showing the beginnings of this tenden- ey. It is the original dyptic. done by Maurice Oppenheim, in 1881, and or which copies may be found wherecer there is true RothscnIld.
 The first scene represents the elect or of Hesse- -Cassel, in the presence only of his wife and little girl, hastily and secretly corfiding 10 the commts- sion merchant and contractor, Am sohel Mayer--the first Rothschild-his treasure of $5,0e0,000 in cash, to save 1t from Hoche and his army when they took Coblentz in 174s.
 The second scene of the dyptic shows the five sons of Amschel Mayer paying back the deposit to the heirs Of the elector in 1923.
 The secret of the Rothschiids lies between these two scenes, and the cen- tral word ef their family devise-- "Concord, Integrity, Industry"-is its commentary When Amschel Mayer established his third son, Nathan, as his agent in Manchester and London a few years later, he confided to the young man of only 25 years of age two kinds of capital. Of his own money there was perhaps $1oo.o0o. but of the electors money there was ten or twenty times as much.
 Youngest Son Sent to Paris.
 So it was when James, the youngest son, was sent to Paris in the year his father died. He was only 20 years of age but there he was seated in Par Is, ready for the reconstructive period that was to come with the fall of Ma poleon. with capital and great com nections both on the side of the Princes to whom the elector of Hesse had bragged up the integrity of the Roth schilds and of a coterie of bankers and merchants in mnay cities, who were later to become mere Rothschild agents. Secret police reports of the Empire recently published give the names, and there is one note written in the hand of Napoleon. Investigate to the bottom the affair of the Roths- childs and the Prince of Hesse."
 9osacpuiagoFt.
 It was Napoleon, however, who quit Paris and young James Rothschild who stayed and loaned to the Government of the restoration 500,000,0o0 francs in the bad hour when the French funds were at fifty. That is to say James Rothschiid trusted the French govern ment when Frenchmen themselves feared to trust 1t. French holders of 10o-franc bonds were letting them go for 50 francs cash. Newly issued se- curities could not be placed even at this terrible rate. James Rotbschilds accepted it-and instead of 5 per cent. interest he got 10 per cent.
 At the present day Drumont and oth- CTS rail at the Rothschilds for these operations, but there is no evidence to prove that the Frenchmen of his day rallied at the young Hercules who so often held up the financial credit of their country. He had confidence in France, and it paid him millions on millions of profits.
 Young Financier Held Up Market.
 In 1890, for example, the year in which Charles x fell and Louis Phil tppe came in, between July IS and De- between 56 francs, 10 and 79 francs 50. The per cents varied between S6 francs 30 and 105 francs so. It was the French people with their riots, revolu- tions, discontent and mania for chang ing, who sent their own funds down, down. down. by frightening capital. And what capital? Why, French capi- TVon oh holders who ran to sell otu at any price, And it was Jomes Rothschild who had confidence and bought in un- til the per cents were above par again In the same order of ideas an American life insurance company a few months ago, when French per cents were sagging lower than at any time since the Franco-Prussian war, bought 20,000,000 francs worth and sustained the market. The act was dcne ostensibly to merit well of the French Government-to curry favor.
 During this time three sons had been born to James de Rothschild, now be- come a baron of the Austrian Empire with his brothers. These three sons were Edmund, born in 1925: Alphonse, in 1927, and Gustave, in 1929. They were already installed in the spacious Yroperty of the Rue Lafitte, where the bank remains and from which Baro Alphonse was buried the other day. The establishment of the famous old banker, Lafltte, from whom the street takes its name and peculiar spelling, was at the corner. Even down to the first years of Napoleon III 1t was one of the fashionable streets. and the tra- dition that the remains of the Empress EuKenie and her court coming to the parden parties of the Turkish embas- sy demolished few years ago. Across the street the witty Mime. Elm ile de Girardin had her salon of lie- rary and political celebrities.
 The Railroad Proposition.
 Here the three sons, Edmund. AL phonse and Gustave. grew up, entering the bank at a youthful age, according to the family tradition. James de Rothschild saw that the railroads were coming. In the early thirties 8 states first workings in England, declared that "ts1ey will never go to France. '' Who. therefore, ought to have profited by the railroads, Thiers or Rithschild? n he was still but a youth of eigh-
 a, Baron James sent young Alphon-
 as secretary to a commission to tudy the new industry in England.
 Now that Baron Alphonse dIed head of the great company of the North. and Baron Edmund remains head of the great company of the East. there are those in Paris who cry out against the Rothschilds contract with the French Government in those early days of doubt.
 Viewed from our present day stand point, the proposition made by the French Government in 1s43 looks, cer- stainly, like a good thing. It said to the Rothschilds: