Solomon Loeb (June 29, 1828 – December 12, 1903) was a
German-born American banker and businessman. He was a
merchant in
textiles and later a
banker
A bank is a financial institution that accepts 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 markets.
Becaus ...
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""T ...
, 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 most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
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.
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 (1871–1937), banker.
**** ''See
Warburg family.''
**
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.
** Guta Loeb (1865–1956), married
Isaac Newton Seligman (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 Scho ...
(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 (1896–1969), banker
**** ''See
Warburg family.''
References
Further reading
*
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