(AMERICAN JUDAICA).
AUCTION 35 |
Tuesday, November 21st,
2006 at 1:00
Books, Manuscripts, Graphic & Ceremonial Art
Lot 3
(AMERICAN JUDAICA).
Est: $1,000 - $1,500
PRICE REALIZED $900
Jacob H. Schiff (1847-1920) emigrated in 1865 to the United States and worked in various brokerage firms. In 1875 he married the daughter of Solomon Loeb, chief of the banking firm of Kuhn, Loeb and Co. He succeeded his father-in-law in 1885 and became one of the most powerful financiers in the United States. One of his most spectacular bond issue was for a loan of $200,000,000 to Japan at the time of the Russo-Japanese War in 1904-05. Schiff was enraged by the anti-Semitism he saw to be endemic to Russia and so sought to assist Japan in the war-effort. A trip to the Land of the Rising Sun thus ensued.