Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-27
R0THSCH|LD DEAD
Baron A|phonse Passes
Away, Friday, at Paris.
Head Of French Family and
Europe's Greatest Financier.
Was Lavish in Charities, Keen in Business
and Respected by All.

Paris. May 26.-Baron Alphonse De
Rothschild head of the French branch
of the banking house bearing the name
OF Rothschild, and governor Of the
i'ank of France. died at 40, this morn
ing, from acute bronchitis aggravated
D! govt. The eminent fnancier had been
sinking slowly for many days, but
there was no apprehension that his
ieath was imminent. He first took to
MS bed two Weeks ago. several rallies
gave promise of his recovery. Two days
ago the baron began to fail rapidly and
hi3 condition assumed disuuieting
form. Although he kept MP an animated
conversation with members of his fami-
~ and the old servants the patient be-
came very weak and last night entered
upon cOmatOSe state and passed away
this morning. peacefully, surrounded by
his family. The announcement of th.
baron's death caused widespre re-
greet. for besides his position in tn.
iirancial world Baron Alphonse was
known for his lavish charities, one of
the latest being the gift of 50 600. 900 for
the erection of workngman's homes.
The news of the baron's death caused
a deep impression among financiers
generally. 1t was said that his death
would probably nOmrnta,ily influence
the extensive interests IN which the
house is concerned but that it would
not have lasting effect on the markets.
The deceased will be succeeded as
head of the Paris banking house by
Baron Lambert De Eotilschild of Brus-
seis. whose business capacity has earn
ed him & worldwide reputation.
The burial of Baron Alphonse will
ho most simple. according to the strict
rn'c IF the Rothschilh family. including
la plain coffin without mourning tri-
bnte3. The funeral. the date of which
has not yet been fixed will be the oc-
casion of notable tribute OF respect.
\ members of 4 French American
banking house said:
Baron AlpnOnse was the leading
spirit of the IothschiIds in their rela-
tons with practically All the govern
ncnts of Europe. BESIDES the colossal
tIsk of financing the indemnity which
France paid to Germany after the
tranco-German war Of 1901. he ac-
lively carried on relations with Other
governments. In Italy he included both
the government ana the Vatican
finances. The house also has large in
te,csts in Spain. largely controls Aus
tria's railroad Development and held
considerable parts Of all the old Rus
sian loan issues.
But the house has not exercised 2
conti niling influence in the new Rus
sian loans. The large industrial inter-
"StS OF the house in Russia include the
petroleum folds of Baku. The house
also has had considerable dealings with
American securities through the Bel
rontS. }. li"rpont Morgan and John w
Gates. including Louisville & Nashville
and the Atlantic Coast Line transact
toms, ana also has extensive interests
in mines in California;
The Pothschild family originated in
Germany. became bankers. We're made
mobiles IL 1873 and were created barons
in 1S22 by the Emperor of Austria. The
founder Of the house WAS Mayer Anse-
iemc l:othschild. who was born at
Frankfort on the Main in 1142. and died
| IN that city. IN 1872. He vas the prin-
riral financial agent of the court Of the
rlc"tor of Hesse-CasSal. He beuueathcd
| 10 his 10 children. five sons and five
daughters. fairly Furnishing banking
| business. His five sons. under Anselema.
| the cider. managed the business and
succeeded in extending it to the great
capitals Of Europe. Vienna. Frankfort,
Naples. London and Paris. Raron James
-. IsOthSchild. who was born at Frank
fort. in 1l92. and died in Paris, in 1863.
became the manager of the French
branch.
Baron Alphonse Do RothschiId. who
died. today, was the second son os
| Baron James De Rothschild. having
succeeded his brothnr. tho late Baron
Edmond James De Rothschild as heal
| of the Paris house. Baron nlphonse was
horn. Feb. /. 1927. He was 4 governor
Of the Bank of France, a member of the
| Academy of Fine Arts. n member of
| the French Institute ard = commander
| of the Legion Of Honor. Two children.
| Baron Edouard and Baroness Beatrix
ahd brothers. Baron Gustav and Baron
| Edmond, survive.
Baron Gustav has a son. Robert, and
two daughters. one of whom married
Sir Edwar SaSSCon, n great friend of
King Edward. and the other married
| i'aron Lambert De- Rothschild of Brus-
seis. who has long represented the
'othschild interests in that capital
and who succeeds Baron Alphonse as
the head of the Paris banking house.
Freeman Nadeau. the Patten man