The Washington herald., 1908-08-30
By JOHN 5. HARDWOOD.

By JOHN :. HARDWOOD.
No. J. Pierpont Morgan IS not the only
American banker whose name is well
known in the financial streets" Of the
footstool. There are others.
Among these others is the rather not
able group Of famed Yankee bankers who
were either born in Germany or trace
their descent from German parentage
Perhaps the most famous Of this group
IN America ct any rate-is the second
August Belmont whose father. German
BY birth. founded the banking house OF
August Belmont & Co. some time after
he had been sent 10 this country as the
personal representative OF the Rothschilds-
IN this group. TOO. comes Jacob H Schiff.
born At Frankfort-on-OIain OF poor par
euts and now looked upon in Japan as
one OF the great bankers Of modern tines
FOR largely through his insJrumentslitY
Japan was able 10 place one Of its big
loans made necessary by the war with
Russia Though born in this country.
James Speyer got his business education
IN the faulilys banking house, which is
one OF the leading institutions of Its kind
fl M Schin-s native city And Isaac y.
Seligman. like M Speyer a native New
Yorker. traces his f0rbears hack TO Ger
nan soil
OF course. George W Perkins is en-
titled 10 be enrolled among our world
famous money changers. distinction
which he has gained as M NOrgan's
r-ght-hand man and as a sometime vice
president Of a certain world-fam0Us life
insurance company that was under the
probe Of one Charles Z. Hughes Two
years OF so ago. Though he IS practically
n retirement. as far as attending daily 70
business is concerned. still D. o. Mills
should be included among the bankers
whose financial deeds are familiar in Eu-
rope and the same may be said Of Levi
P Morton. who first came before the
American public eye as the running mate
Of Harrison when the latter defeated
Cleveland for the Presidency.
As president and vice president. re-
specuveiy. OF the recognized STANDARD
Oh banking headquarters. James StiTnan
and Frank a Nanderiip constantly figure
IN the international calculations Of Eu-
ropes fnanciers. OF the two. Tanderlip.
perhaps, is better known personally. bv
reason OF the study that he has made at
first hand Of banking and other business
conditions obtaining in the old country.
though Stilluan's Iarge-sized ambition 10
make OF the National City Bank a sort
OF Bank Of England institution is talked
about wherever big bankers cOngregate-
Al OF these bankers have their head
quarters in New York; they constitute. in
great measure. Wall street itself But
I1eF are not Tankesland-S only famous
bankers Boston can boast-and does
q a banker whose name is written large
n every European banking center-none
other than Henry Lee HiEginson. long
famous for being able 70 mix financing
and music successfully He. too. has the
distinction Of being the only one Of our
World-fanous bankers who saw service
n the civil var though lIr Morgan and
others were old enough 70 90 10 war
when the call came, and he is one Of the
lrst' citizens not only OF the Hub. but
Of all New England as well
In Chicago there is John J. Mitchell.
wno. BY doggedly sticking To what his
friends were wont 10 represent 10 him
as forlorn banking hope. succeeded in
building Up what is now the largest
banking business. bar none. conducted in
TIE Middle West The same city IS the
scene Of the activities Of the Forzan
brothers, until recently president and vice
president OF the same national bank. who
Know from actual experience the banking
methods followed in three countries
Great Britain. Canada. and the United
states Though they are not so widely
known abroad as any Of the other bank
erS with whom they are here c7aSSed
still the amount Of International proui-
nence that is their portion would make
the average American or European bank
er feel that he was something OF a figure
OF his day and generation.
Bankers Who Climbed from Bottom.
While about half Of these bankers are
living refutatlCns Of the oft-repeste5
charge that sons OF rich or otherwise
influential and prominent men never
amount 70 much in the v-ork-a-yiav world