The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1905-08-01
7HH FRENCH ROTHSCHILDS
GREAT FAMILY Observation-Disclosures EARLY
BEG1NNINGs-THE YOUNGEST ESTABLISHED HOUSE
PARIs-PART PLAYED THE FAMILY OF
FRANCE IMMENSE PROJECTS.

the way i'm which he steadied the
French market of Russian securities
down to the last days of his life.
He was the one private person in
Paris whose supposed decisions were
thus discussed by the man in the street
in connection with great European
events, and what was remarkable in
Alphonsc, the son. had been remark
able in James his father, ever since
the first OF the French Rothgchilds came
to Paris as q young man of twenty at
the end of the year 1912.
I'm the palace of the head of the Wen
M house there hangs a painting show
ing the beginnings of this tendency.
It is the original dyptic done by Maui
rice Oppenheim in 1861, and of which
COPIES may be found wherever there is
true Rothschild. The first scene re-
presents the elector of Hesse- Cassel, in
the presence only Of his wife and little
girl, hastily and secretly confdlng to
TIE commission merchant and contrac-
tor Amschel Mayer-the first Roths-
child his treasure of $1,000 900 in cash,
to save it from Hoche and his army
when they took Cobentz in 1894.
The second scene of the dyptic shows
the five sons Of Amschel Mayer paying
back the deposit to the heirs of the
elector in 1929.
The secret of the Rothschilds lies be-
tween these two scenes, and the CEN
trail word of their family device-"Con-
cord, Integrity, Industry"-is it's COM
mcntary. When Amschel Mayer es-
ta5iished his third son, Nathan, as his
agent in Manchester and London a few
years later he confided to the young
man of only twenty-five years of age
two kinds Of capital. OF his own money
there was perhaps 100000, 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 i'm the year his
father died. He was only twenty years
Ct age, but there he was seated in
Paris, ready for the reconstructive
TcriOd that was to come with the fall
of Napoleon. with capital and great
connections both on the side of the
Princes to whom the elector of Hesse
had Dragged w the integrity Of the
and merchants i'm many 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 Rothschilds
and the Prince of Hesse."
it was Napoleon, however, who quit
Paris and young James Rothschild who
stayed and loaned to the government
Of the restoration 5OO,OOO,O 900 francs in
tie bad hour when the French funds
were at fifty. That is to say James
Rothschild trusted the French govern
ment when Frenchmen themselves fear
ed to trust it. French holders of 100
franc bonds were letting them go for
fifty francs cash. Newly issued secu-
rites could not be placed even at this
terrible rate. James Rothschild ac-
cepted it-and instead of per cent in
terest he got 10 per cent.
At the present day Drumont and
others 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.
FINANCTER HELD UP MARKET.
In 1880, for example, the year in
which Charles Y fell and Louis Philippe
came in, between July Is and December
81 French 8 per cents varied between Sc
francs 10 and 70 francs so. The . Der
cents varied between Sc francs 30 and
lOj francs So 1t was the French peo-
pie with their riots, revolutions, dis
content and mania for changing. who
sent their own funds down. down,
down, by frightening capital. And
what capital? Why, French capital,
their own, because it was French hold
ers who ran to sell out at any price.
And it was James Rothschild who had
confidence and bought in until the 5 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,OOO.O 900 francs
Worth and sustained the market. The
act was done ostensibly to merit well
of the French government-to curry
favor
During this time three sons had been
bern to James de Rothschild, now be-
come baron of the Austrian empire
will his brothers. The three sons
were Edmond born in 1926; Alphonse in
( 1927 and Gustave in 1929. They were
already installed in the spacious prop
! erty of the Rue LATTE, where the bank
remains, and from which Baron AL
phcnse was buried the other day. The
establishment of the famous old banker
Laf1tte, from whom the street takes its
name and peculiar spelling, was at the
corner. Even down to the first years
| of Napoleon III it was one of the
fashionable streets, and the tradition
remains of the Empress Eugene and
her court coming to the garden parties
OF the Turkish embassy, demolished a
few years ago. Across the street the
with Nine. Emelie de Girardin had hel
| salon of literary and political cele.