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

German German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also Ge ...

-born American banker and businessman. He was a

merchant A merchant is a person who trades in goods produced by other people, especially one who trades with foreign countries. Merchants have been known for as long as humans have engaged in trade and commerce. Merchants and merchant networks operated i ...

textiles Textile is an Hyponymy and hypernymy, umbrella term that includes various Fiber, fiber-based materials, including fibers, yarns, Staple (textiles)#Filament fiber, filaments, Thread (yarn), threads, and different types of #Fabric, fabric. ...

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 (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, religion, and community are highly inte ...

, had been a small corn- and wine-dealer in

Worms The World Register of Marine Species (WoRMS) is a taxonomic database that aims to provide an authoritative and comprehensive catalogue and list of names of marine organisms. Content The content of the registry is edited and maintained by scien ...

, which belonged to the

Grand Duchy of Hesse and by Rhine The Grand Duchy of Hesse and by Rhine () 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 as the Grand Duchy of Hesse (). It assumed the name ...

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

Cincinnati Cincinnati ( ; colloquially nicknamed Cincy) is a city in Hamilton County, Ohio, United States, and its county seat. Settled in 1788, the city is located on the northern side of the confluence of the Licking River (Kentucky), Licking and Ohio Ri ...

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

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

in 1865 and with his partner, Abraham Kuhn, started the banking house of Kuhn, Loeb and Co. His second born son,

James Loeb James Loeb (; ; August 6, 1867 – May 27, 1933) was an American banker, Hellenist and philanthropist Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". Philanthro ...

, 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, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...

. 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 Henry Schiff (born Jakob Heinrich Schiff; January 10, 1847 – September 25, 1920) was a German-born American banker, businessman, and philanthropist. He helped finance the expansion of American railroads and the Japanese military efforts a ...

(1847–1920), banker *** Frieda Schiff (1876–1958), married Felix M. Warburg (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. ** Guta Loeb (1865–1956), married Isaac Newton Seligman (1855–1917), banker *** Margaret Valentine Seligman, married to Sam A. Lewisohn (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 Colu ...

(1849–1938) **

(1867–1933), banker ** Nina Loeb (1870–1945), married Paul Warburg (1868–1932), banker. ***

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

(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 businesspeople in real estate Businesspeople from New York City German bankers Hessian emigrants to the United States German philanthropists German Reform Jews 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 Businesspeople from Hesse

Biography

Family

References

Further reading

External links