Emanuel Lehman (born Mendel Lehmann; February 15, 1827 – January 10, 1907) was a German-born American

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 ...

. The younger brother of Henry Lehman, he was a co-founder of

Lehman Brothers Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, ...

Biography

Emanuel Lehman was born in Rimpar, Bavaria on February 15, 1827, the son of Eva (Rosenheim) and Abraham Lehmann, a cattle merchant. He traveled to the United States in 1847 to join his brother Henry in business. He married Pauline Sondheim in May 1859, and they had four children. His wife died in 1871. When the newly formed

Mutual Alliance Trust Company The Mutual Alliance Trust Company was a trust company formed in New York City in 1902, with founders such as Cornelius Vanderbilt and William Rockefeller. On January 14, 1915, the company was acquired by Chatham-Phenix National and Alliance Tru ...

opened for business in New York on the Tuesday after June 29, 1902, there were 13 directors, including Lehman, William Rockefeller, and

Cornelius Vanderbilt Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. After working with his father's business, Vanderbilt worked his way into lead ...

Philanthropy and family

In 1897, he donated $100,000 (equivalent to $ million in ) to the

Hebrew Orphan Asylum of New York The Hebrew Orphan Asylum of New York (HOA) was a Jewish orphanage in New York City. It was founded in 1860 by the Hebrew Benevolent Society. It closed in 1941, after pedagogical research concluded that children thrive better in foster care or ...

, under the condition "to enlarge and perpetuate its usefulness." In May 1859, he married Pauline Sondheim, daughter of Louis Sondheim of New York. Pauline died in 1871. They had four children: Milton Lehman;

Philip Lehman Philip Lehman (November 9, 1861 – March 21, 1947) was an American investment banker. Biography Philip Lehman was born in New York City to Emanuel Lehman (1827–1907) and Pauline Sondheim (1843–1871). Emanuel was a co-founder of the now- ...

, a partner in the firm; Harriet Philip Lehman, and Evelyn Philip Lehman. He was of

Jewish 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""The ...

background.

References

1827 births 1907 deaths American bankers German bankers German emigrants to the United States 19th-century German Jews Lehman Brothers people Lehman family Mutual Alliance Trust Company people People from Würzburg (district) {{US-business-bio-1820s-stub

Biography

Philanthropy and family

See also

References