The Washington times., 1920-09-26
DEATH CLAIMS
!. JACOB SCH|FF
Noted Flnancier and PhiIan-
thropist Passes Away in
New York Home.

NEW YORK, Sept 26.-Jacob IL.
sehin. American nnancier and philan-
thropist. died here last evening at
$3.50 o'clock At his home. oo5 Fifth
avenue.
He was in his seventy third year.
He was born at Frankfort -on-ths.
Main. Germany. In ls<7, and came to
the United Ststes In 1895 and settled
in New York. At the time OF his
death he was a member OF the nrm OF
Kuhn. Loeb 4 Co. noted New York
banking nrm.
Mr.. SchiK had been In failing health.
but members OF his family and his a.
sociates did not realize his condition
was as serious as II was.
FAMILY AT bedside,
Members OF the family were at the
bedside when the end came. His son.
Mortimer L. schiff. only recently re-
turned from abroad.
Mr.. Schiffs initial venture in tho
banking business in the United States
was as q bank clerk. Within q few
years he had risen to tho position Of
a junior partnership In the nrm OF
Bulge, Schiff q Co. In 1879 he ended
his conection with that firm and be.
came a junior member OF Kuhn. Loeb
& Co. In the same year he married
Miss Theresa Loeb. daughter of Solo
mon Loeb, senior partner OF the nrm
when Loeb retired ip 1855. Mr..
Sohiff was made head Of the nrm.
which position he occupied since that
year. Kuhn, Loeb 4 Co. had been
Identified with some OF the largest
An ma
known.
HAD MANY INTERESTS.
Mr.. schiff was n director of tho
Central Trust Company. Western
Union telegraph Company and many
other corporations. He served with
many committees making for civic
betterment and was deeply interested
In philanthropy. e.., ,--
Mr. Schir was one Of the leading
Jews. He had always been interested
In the movements for the betterment
Of the conditions OF Jews everywhere.
He did extensive philanthropic work.
most of which was accomplished so
quietly that only he and the benefi-
Charles had knowledge Of tho kindly
acts.
Mr.. Schif was deeply ~ersed in
Semitic literature. He was founder
of. the Semitic Museum at Harvard
and the Jewish Theological Seminary
In New York city.
HAD HARDENING OF ARTERIES.
The causes Of death were given as
arterial sclerosis. saorititis. and urae-
mia. 1t was the second attack suf-
fered by the banker within the week.
Last Thursday ne moved from tho
country to. his town house. where his
condition became critical and he was
confined to his bed. ..,
p Those present at the bedside of the
banker were his widow. his son. Nor
timer l.. SchiK. and his daughter, Mrs.
Felix M. Warburg.
Mr.. Schifr was attended by Drs.
Charles G. Taylor and Leo Kessei.
both of this city.
Up to six months ago he had been
regarded as in unusually sound
health During the month of August
Mr.. Schin spent most of his time In
exercising in the open air at Bixbille
Notch. White Mountains. On Septem-
ber ] he moved to his country place
on Munson road. Seabrieht, n. ].
At OFFICE LAST WEEK.
While at his country home he was
accustomed to pay two visits each
week to his offices at 81 william
street. He was last at his office on
Monday, September 20.
"Mr. Schiff died peacefully and
seemingly without a trace of strug-
gle" it was formally announced.
That he, left an estate that will
prove Considerably large" was ad-
mitted today when the existence of a
will was acknowledged