Solomon Loeb (June 29, 1828 – December 12, 1903) was a

German German(s) may refer to: * Germany (of or related to) **Germania (historical use) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizens of Germany, see also German nationality law **Ger ...

-born American banker and businessman. He was a

merchant A merchant is a person who trades in commodities produced by other people, especially one who trades with foreign countries. Historically, a merchant is anyone who is involved in business or trade. Merchants have operated for as long as indust ...

textiles Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the ...

and later a

banker A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

with Kuhn, Loeb & Co.

Biography

His father, a devout

Jew Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""Th ...

, had been a small corn- and wine-dealer in Worms, which belonged to the

Grand Duchy of Hesse and by Rhine The Grand Duchy of Hesse and by Rhine (german: link=no, Großherzogtum Hessen und bei Rhein) was a grand duchy in western Germany that existed from 1806 to 1918. The Grand Duchy originally formed from the Landgraviate of Hesse-Darmstadt in 1806 ...

. Solomon Loeb immigrated to the United States in 1849. He settled in

Cincinnati Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line wit ...

with the textiles merchant Kuhn, Netter & Co. He moved to

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

in 1865 and with his partner, Abraham Kuhn, started the banking house of Kuhn, Loeb and Co. His second born son, James Loeb, joined the bank in 1888 (and left in 1901). Solomon Loeb gradually retired from running the business but left Kuhn, Loeb & Co. only in 1899. He then started to move into the real estate business. In addition, he was also a generous

philanthropist Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

. Among his donations was the Hebrew Charities Building that formerly stood at Second Avenue and 21st Street in New York City.

Family

* Solomon Loeb, married Fanny Kuhn, sister of Abraham Kuhn, and later Betty Gallenberg. ** Therese Loeb (1854–1933), married

Jacob Schiff Jacob (; ; ar, يَعْقُوب, Yaʿqūb; gr, Ἰακώβ, Iakṓb), later given the name Israel, is regarded as a patriarch of the Israelites and is an important figure in Abrahamic religions, such as Judaism, Christianity, and Islam. Ja ...

(1847–1920), banker *** Frieda Schiff (1876–1958), married

Felix M. Warburg Felix Moritz Warburg (January 14, 1871October 20, 1937) was a German-born American banker. He was a member of the Warburg banking family of Hamburg, Germany. Early life Warburg was born in Hamburg, Germany, on January 14, 1871. He was a grandso ...

(1871–1937), banker. **** ''See

Warburg family The Warburg family is a prominent German and American banking family of German Jewish and originally Venetian Jewish descent, noted for their varied accomplishments in biochemistry, botany, political activism, economics, investment banking, law, ...

.'' ** Morris Loeb (1863–1912), chemist, married Edna Kuhn (1866–1951), the daughter of Samuel and Regina Wise Kuhn. Samuel Kuhn was a brother of Abraham Kuhn. Gerald & Felix M

** Guta Loeb (1865–1956), married

Isaac Newton Seligman Isaac Newton Seligman (July 10, 1855 – September 30, 1917) was an American banker and communal worker. Early life Seligman attended Columbia Grammar School and Columbia College, from which he graduated in 1876. At Columbia, he was one of the c ...

(1855–1917), banker *** Margaret Valentine Seligman, married to

Sam A. Lewisohn Samuel Adolph Lewisohn (March 21, 1884 – March 13, 1951) was an American lawyer, financier, philanthropist, art collector, and non-fiction author.James Karman, ''The Collected Letters of Robinson Jeffers, with Selected Letters of Una Jeffers: ...

(1884–1951), banker, son of

Adolph Lewisohn Adolph Lewisohn (May 27, 1849 – August 17, 1938) was a German Jewish immigrant born in Hamburg who became a New York City investment banker, mining magnate, and philanthropist. He is the namesake of Lewisohn Hall (which formerly housed the Schoo ...

(1849–1938) ** James Loeb (1867–1933), banker ** Nina Loeb (1870–1945), married

Paul Warburg Paul Moritz Warburg (August 10, 1868 – January 24, 1932) was a German-born American investment banker who served as the 2nd Vice Chair of the Federal Reserve from 1916 to 1918. Prior to his term as vice chairman, Warburg appointed as a member o ...

(1868–1932), banker. ***

James Warburg James Paul Warburg (August 18, 1896 – June 3, 1969) was a German-born American banker. He was well known for being the financial adviser to Franklin D. Roosevelt. His father was banker Paul Warburg, member of the Warburg family and "father" of ...

(1896–1969), banker **** ''See

.''

References

External links

Solomon Loeb's beginnings in Cincinnati

* ttp://www.loebtree.com/oloeb.html#jolo Loeb Family Tree {{DEFAULTSORT:Loeb, Solomon 1828 births 1903 deaths American bankers American Reform Jews American people of German-Jewish descent American real estate businesspeople Businesspeople from New York City Businesspeople from Ohio German bankers German emigrants to the United States German philanthropists German Reform Jews Jewish American philanthropists Jews and Judaism in Cincinnati Loeb family People from Rhenish Hesse People from Worms, Germany Warburg family Philanthropists from New York (state) 19th-century American philanthropists 19th-century American businesspeople

Biography

Family

References

Further reading

External links