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date: 19 September 2019

Schiff, Jacob Henrylocked

(10 January 1847–25 September 1920)
  • Gary Dean Best

Extract

Schiff, Jacob Henry (10 January 1847–25 September 1920), banker and philanthropist, was born in Frankfurt, Germany, the son of Moses Schiff, a merchant, and Clara Niederhofheim. Schiff attended Jewish schools in Frankfurt until the age of fourteen, then embarked on a business apprenticeship before entering the banking firm of a brother-in-law. In 1865, armed with letters of reference, he emigrated to the United States, where he joined the brokerage firm of Frank & Gans (New York City) as a clerk. A year later he formed, with Henry Budge and Leo Lehman, the partnership of Budge, Schiff & Company. In 1870 Schiff became a naturalized U.S. citizen....

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