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{{Infobox person
{{Infobox person
| name = Henry Goldman
| name = Henry Goldman
| image =
| image =
| image_size =
| image_size =
| caption =
| caption =
| birth_name =
| birth_name =
| birth_date = {{Birth date|1857|9|21|mf=y}}
| birth_date = {{Birth date|1857|9|21|mf=y}}
| birth_place = [[Philadelphia]], [[Pennsylvania]], U.S.
| birth_place = [[Philadelphia]], [[Pennsylvania]], U.S.
| death_date = {{Death date and age|1937|4|4|1857|9|21|mf=y}}
| death_date = {{Death date and age|1937|4|4|1857|9|21|mf=y}}
| death_place = [[New York City]], U.S.
| death_place = [[New York City]], U.S.
| death_cause =
| death_cause =
| resting_place = [[Salem Fields Cemetery, Brooklyn]]
| resting_place = [[Salem Fields Cemetery, Brooklyn]]
| resting_place_coordinates =
| resting_place_coordinates =
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| nationality =
| residence = 998 [[Fifth Avenue]], [[Upper East Side]], [[Manhattan]], New York City, U.S.
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| other_names =
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| nationality =
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| known_for =
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| other_names =
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| education =
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| known_for =
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| alma mater = [[Harvard University]] <small>(did not graduate)</small>
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| education =
| employer =
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| alma mater = [[Harvard University]] <small>(did not graduate)</small>
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| occupation = Banker, philanthropist, art collector
| employer =
| title =
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| occupation = Banker, philanthropist, art collector
| networth =
| title =
| term =
| salary =
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| predecessor =
| networth =
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| successor =
| term =
| party =
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| predecessor =
| boards =
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| successor =
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| spouse = {{Marriage|Babette Kaufman Goldberg|1890}}
| party =
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| children = 2 sons, 1 daughter
| boards =
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| parents = [[Marcus Goldman]]
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| spouse = {{Marriage|Babette Kaufman Goldberg|1890}}
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| relatives =
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| children = 2 sons, 1 daughter
⚫
| parents = [[Marcus Goldman]]
⚫
| relatives =
}}
}}
'''Henry Goldman''' (September 21, 1857 – April 4, 1937) was an American heir, banker, philanthropist and art collector. A member of the [[Goldman–Sachs family]], he was instrumental in the making of the financial conglomerate [[Goldman Sachs]] in the early twentieth century.
'''Henry Goldman''' (September 21, 1857 – April 4, 1937) was an American heir, banker, philanthropist and art collector. A member of the [[Goldman–Sachs family]], he was instrumental in the making of the financial conglomerate [[Goldman Sachs]] in the early twentieth century.


==Early life==
==Early life==
Henry Goldman was born on September 21, 1857 in [[Philadelphia]], [[Pennsylvania]].<ref name="readingobit">{{cite news|title=Henry Goldman, Bank Head, Dies.|url=https://www.newspapers.com/image/48043280/?terms=%22Henry%2BGoldman%22|accessdate=May 29, 2016|work=The Reading Times|location=Reading, Pennsylvania|date=April 5, 1937|page=7|via=[[Newspapers.com]]|registration=yes}}</ref><ref name="gazettedies">{{cite news|title=Henry Goldman Dies; Was Noted Financier|url=https://www.newspapers.com/image/75928411/?terms=%22Henry%2BGoldman%22|accessdate=May 29, 2016|work=The Gazette and Daily|location=York, Pennsylvania|date=April 5, 1937|page=14|via=[[Newspapers.com]]|registration=yes}}</ref> His father, [[Marcus Goldman]], was a German-born banker.<ref name="brooklynrites">{{cite news|title=Henry Goldman Rites Tomorrow; Retired Banker|url=https://www.newspapers.com/image/52664695/?terms=%22Henry%2BGoldman%22|accessdate=May 29, 2016|work=The Brooklyn Daily Eagle|location=Brooklyn, New York|date=April 5, 1937|page=13|via=[[Newspapers.com]]|registration=yes}}</ref>
Henry Goldman was born on September 21, 1857, in [[Philadelphia]], Pennsylvania.<ref name="readingobit">{{cite news|title=Henry Goldman, Bank Head, Dies.|url=https://www.newspapers.com/image/48043280/?terms=%22Henry%2BGoldman%22|accessdate=May 29, 2016|work=The Reading Times|location=Reading, Pennsylvania|date=April 5, 1937|page=7|via=[[Newspapers.com]]|url-access=registration }}</ref><ref name="gazettedies">{{cite news|title=Henry Goldman Dies; Was Noted Financier|url=https://www.newspapers.com/image/75928411/?terms=%22Henry%2BGoldman%22|accessdate=May 29, 2016|work=The Gazette and Daily|location=York, Pennsylvania|date=April 5, 1937|page=14|via=[[Newspapers.com]]|url-access=registration }}</ref> His father, [[Marcus Goldman]], was a German-born banker.<ref name="brooklynrites">{{cite news|title=Henry Goldman Rites Tomorrow; Retired Banker|url=https://www.newspapers.com/image/52664695/?terms=%22Henry%2BGoldman%22|accessdate=May 29, 2016|work=The Brooklyn Daily Eagle|location=Brooklyn, New York|date=April 5, 1937|page=13|via=[[Newspapers.com]]|url-access=registration }}</ref>


Goldman attended [[Harvard University]] but failed to graduate due to poor eyesight.<ref name="readingobit"/><ref name="gazettedies"/> Others believe this story of "poor eyesight" was family lore, and that Goldman, as a second-generation German immigrant and a member of the Jewish faith, did not feel welcome at Harvard.<ref>Cook, Eli. [http://www.immigrantentrepreneurship.org/entry.php?rec=238 "Henry Goldman: Immigrant Outsider as Empire Builder."] In ''Immigrant Entrepreneurship: German-American Business Biographies, 1720 to the Present'', vol. 3, edited by Giles R. Hoyt. German Historical Institute. Last modified May 27, 2015.</ref>
Goldman attended [[Harvard University]] but failed to graduate due to poor eyesight.<ref name="readingobit"/><ref name="gazettedies"/> Others believe this story of "poor eyesight" was family lore, and that Goldman, as a second-generation German immigrant and a Jew, did not feel welcome at Harvard.<ref>Cook, Eli. [http://www.immigrantentrepreneurship.org/entry.php?rec=238 "Henry Goldman: Immigrant Outsider as Empire Builder."] In ''Immigrant Entrepreneurship: German-American Business Biographies, 1720 to the Present'', vol. 3, edited by Giles R. Hoyt. German Historical Institute. Last modified May 27, 2015.</ref>


==Career==
==Career==
Goldman started his career at Goldman Sachs in 1884.<ref name="brooklynrites"/>
Goldman started his career at Goldman Sachs in 1884.<ref name="brooklynrites"/>


Goldman helped list retail companies like [[Sears]] and [[F. W. Woolworth Company|Woolworth]], despite the firms' shortage of assets. In 1911, when the firm joined with [[Lehman Brothers]] in refinancing and incorporating [[Studebaker]], Henry served with great dedication on the automaker's executive committee.<ref name=erskine>Erskine A R [https://books.google.com/books?hl=en&id=iO9HAAAAIAAJ&dq=Erskine+Studebaker+history&printsec=frontcover&source=web&ots=caZPkdBRCa&sig=uWeHCQG1Fz4dXBD68J5MFd-9vME&sa=X&oi=book_result&resnum=1&ct=result#PPA10,M1 History of the Studebaker Corporation], South Bend 1918 (free download at Google Books)</ref>{{rp|pp.26, 77}}
Goldman helped list retail companies like [[Sears]] and [[F. W. Woolworth Company|Woolworth]], despite the firms' shortage of assets. In 1911, when the firm joined with [[Lehman Brothers]] in refinancing and incorporating [[Studebaker]], Henry served with great dedication on the automaker's executive committee.<ref name=erskine>Erskine A R [https://archive.org/details/historystudebak00erskgoog <!-- quote=Erskine Studebaker history. --> History of the Studebaker Corporation], South Bend 1918 (free download at Google Books)</ref>{{rp|pp.26, 77}}


Goldman broke with his brother-in-law and main partner [[Samuel Sachs]] and the bank during [[World War I]]. In 1915, as tensions rose in Europe, Goldman publicly voiced support for the [[German Empire|Germans]] and refused to allow Goldman Sachs to participate in a $150 million Anglo-French bond issue arranged by [[J.P. Morgan & Co.|J. P. Morgan]].<ref>Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 102-103.</ref> The rest of Goldman's colleagues supported the [[Allies of World War I|Allies]]. In 1917, after [[American entry into World War I|America entered the war]], Goldman resigned as a partner from Goldman Sachs in recognition of the negative effects of this irreconcilable difference of opinion.<ref>Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 110.</ref>
Goldman broke with his brother-in-law and main partner [[Samuel Sachs]] and the bank during [[World War I]]. In 1915, as tensions rose in Europe, Goldman publicly voiced support for the [[German Empire|Germans]] and refused to allow Goldman Sachs to participate in a $150 million Anglo-French bond issue arranged by [[J.P. Morgan & Co.|J. P. Morgan]].<ref>Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 102-103.</ref> The rest of Goldman's colleagues supported the [[Allies of World War I|Allies]]. In 1917, after [[American entry into World War I|America entered the war]], Goldman resigned as a partner from Goldman Sachs in recognition of the negative effects of this irreconcilable difference of opinion.<ref>Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 110.</ref>
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Goldman retired from Goldman Sachs in 1917.<ref name="readingobit"/><ref name="gazettedies"/>
Goldman retired from Goldman Sachs in 1917.<ref name="readingobit"/><ref name="gazettedies"/>


Additionally, Goldman served on the Boards of Directors of the Lawyers Title and Trust Company, the Columbia Trust Company, the Commercial Investment Trust Corporation, and the Berlin-based Shrebreuger Technishe Hochschule.<ref name="brooklynrites"/>
Additionally, Goldman served on the Boards of Directors of the Lawyers Title and Trust Company, the Columbia Trust Company, the [[CIT Group|Commercial Investment Trust Corporation]], and the Berlin-based Shrebreuger Technishe Hochschule.<ref name="brooklynrites"/>


==Philanthropy==
==Philanthropy==
Goldman remained a strong supporter of Germany until 1933, when, during a yearly trip to Berlin, he witnessed firsthand the increasingly brutal and institutionalized anti-Semitism that prevailed in the country.<ref>Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 150-152.</ref> Goldman never returned to Germany. Until his death in 1937, Goldman worked to help German Jewish intellectuals and child refugees immigrate to the U.S. to escape the Nazis.<ref>Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 156-157.</ref>
Goldman remained a strong supporter of Germany until 1933, when, during a yearly trip to [[Berlin]], he witnessed firsthand the increasingly brutal and institutionalized [[anti-Semitism]] that prevailed in the country.<ref>Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 150-152.</ref> Goldman never returned to Germany. Until his death in 1937, Goldman worked to help [[German Jewish]] intellectuals and child refugees immigrate to the U.S. to escape the [[Nazis]].<ref>Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 156-157.</ref>


Goldman helped to fund the [[Stern–Gerlach experiment]] in quantum physics,<ref>Jeremy Bernstein, "The Stern Gerlach Experiment" https://arxiv.org/abs/1007.2435v1</ref> and purchased a yacht for [[Albert Einstein]].<ref name="readingobit"/> He also purchased a [[Stradivarius]] for [[Yehudi Menuhin]].<ref name="readingobit"/>
Goldman helped to fund the [[Stern–Gerlach experiment]] in quantum physics,<ref>[https://arxiv.org/abs/1007.2435v1 The Stern Gerlach Experiment] Jeremy Bernstein</ref> and purchased a [[yacht]] for [[Albert Einstein]] (which was later confiscated by the Nazis).<ref>Charles D. Ellis, ''The Partnership'', [[Penguin Press]], 2008, p.15</ref><ref name="readingobit"/> He also purchased a [[Stradivarius]] for [[Yehudi Menuhin]].<ref name="readingobit"/>


With six other New Yorkers, Goldman endowed a US$150,000 chair in German Art and Culture at his alma mater, Harvard University.<ref name="readingobit"/><ref name="gazettedies"/>
With six other New Yorkers, Goldman endowed a US$150,000 chair in German Art and Culture at his alma mater, Harvard University.<ref name="readingobit"/><ref name="gazettedies"/>
Line 65: Line 63:


==Death==
==Death==
Goldman died on April 4, 1937 in New York City.<ref name="readingobit"/><ref name="gazettedies"/> He was 79 years old. He was buried at the [[Salem Fields Cemetery, Brooklyn|Salem Fields Cemetery]] in [[Brooklyn, New York]].<ref name="brooklynrites"/>
Goldman died on April 4, 1937, in New York City.<ref name="readingobit"/><ref name="gazettedies"/> He was 79 years old. He was buried at the [[Salem Fields Cemetery, Brooklyn|Salem Fields Cemetery]] in [[Brooklyn, New York]].<ref name="brooklynrites"/>


== References ==
== References ==
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== Further reading ==
== Further reading ==
*{{cite book |last=Alef |first=Daniel |title=Henry Goldman: Goldman Sachs and the Beginning of Investment Banking |publisher=Titans of Fortune |year=2010 |isbn=1608043169 }}
*{{cite book |last=Alef |first=Daniel |title=Henry Goldman: Goldman Sachs and the Beginning of Investment Banking |publisher=Titans of Fortune |year=2010 |isbn=978-1608043163 }}
*{{cite book |last=Fisher |first=June Breton |title=When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street |publisher=Palgrave MacMillan |year=2010 }}
*{{cite book |last=Fisher |first=June Breton |title=When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street |url=https://archive.org/details/whenmoneywasinfa0000fish |url-access=registration |publisher=Palgrave MacMillan |year=2010 |isbn=9780230617506 }}
**{{cite web|title=Book Discussion on ''When Money Was in Fashion''|url=http://www.c-span.org/video/?297263-1/book-discussion-money-fashion|publisher=[[C-SPAN]]|accessdate=23 April 2015|date=15 November 2010}}
**{{cite web|title=Book Discussion on ''When Money Was in Fashion''|url=http://www.c-span.org/video/?297263-1/book-discussion-money-fashion|publisher=[[C-SPAN]]|accessdate=23 April 2015|date=15 November 2010}}

==External links==
*{{Find a Grave}}


{{Authority control}}
{{Authority control}}

Latest revision as of 15:47, 23 May 2023

Henry Goldman
Born(1857-09-21)September 21, 1857
Philadelphia, Pennsylvania, U.S.
DiedApril 4, 1937(1937-04-04) (aged 79)
New York City, U.S.
Resting placeSalem Fields Cemetery, Brooklyn
Alma materHarvard University (did not graduate)
Occupation(s)Banker, philanthropist, art collector
Spouse
Babette Kaufman Goldberg
​
​
(m. 1890)​
Children2 sons, 1 daughter
ParentMarcus Goldman

Henry Goldman (September 21, 1857 – April 4, 1937) was an American heir, banker, philanthropist and art collector. A member of the Goldman–Sachs family, he was instrumental in the making of the financial conglomerate Goldman Sachs in the early twentieth century.

Early life[edit]

Henry Goldman was born on September 21, 1857, in Philadelphia, Pennsylvania.[1][2] His father, Marcus Goldman, was a German-born banker.[3]

Goldman attended Harvard University but failed to graduate due to poor eyesight.[1][2] Others believe this story of "poor eyesight" was family lore, and that Goldman, as a second-generation German immigrant and a Jew, did not feel welcome at Harvard.[4]

Career[edit]

Goldman started his career at Goldman Sachs in 1884.[3]

Goldman helped list retail companies like Sears and Woolworth, despite the firms' shortage of assets. In 1911, when the firm joined with Lehman Brothers in refinancing and incorporating Studebaker, Henry served with great dedication on the automaker's executive committee.[5]: pp.26, 77 

Goldman broke with his brother-in-law and main partner Samuel Sachs and the bank during World War I. In 1915, as tensions rose in Europe, Goldman publicly voiced support for the Germans and refused to allow Goldman Sachs to participate in a $150 million Anglo-French bond issue arranged by J. P. Morgan.[6] The rest of Goldman's colleagues supported the Allies. In 1917, after America entered the war, Goldman resigned as a partner from Goldman Sachs in recognition of the negative effects of this irreconcilable difference of opinion.[7]

Goldman retired from Goldman Sachs in 1917.[1][2]

Additionally, Goldman served on the Boards of Directors of the Lawyers Title and Trust Company, the Columbia Trust Company, the Commercial Investment Trust Corporation, and the Berlin-based Shrebreuger Technishe Hochschule.[3]

Philanthropy[edit]

Goldman remained a strong supporter of Germany until 1933, when, during a yearly trip to Berlin, he witnessed firsthand the increasingly brutal and institutionalized anti-Semitism that prevailed in the country.[8] Goldman never returned to Germany. Until his death in 1937, Goldman worked to help German Jewish intellectuals and child refugees immigrate to the U.S. to escape the Nazis.[9]

Goldman helped to fund the Stern–Gerlach experiment in quantum physics,[10] and purchased a yacht for Albert Einstein (which was later confiscated by the Nazis).[11][1] He also purchased a Stradivarius for Yehudi Menuhin.[1]

With six other New Yorkers, Goldman endowed a US$150,000 chair in German Art and Culture at his alma mater, Harvard University.[1][2]

Art collection[edit]

Goldman was a significant art collector. His collection focused on "Renaissance Italian, Dutch and Flemish paintings."[1][3] For example, he purchased Portrait of a Man Sitting by Frans Hals for US$175,000 in 1916.[1]

Personal life[edit]

Goldman married Babette Kaufman Goldberg.[3] They resided at 998 Fifth Avenue in Manhattan, New York City.[1][3] They had two sons, Robert Goldman and Henry Goldman Jr., and a daughter, Florence Vogel.[3]

Death[edit]

Goldman died on April 4, 1937, in New York City.[1][2] He was 79 years old. He was buried at the Salem Fields Cemetery in Brooklyn, New York.[3]

References[edit]

  1. ^ a b c d e f g h i j "Henry Goldman, Bank Head, Dies". The Reading Times. Reading, Pennsylvania. April 5, 1937. p. 7. Retrieved May 29, 2016 – via Newspapers.com.
  2. ^ a b c d e "Henry Goldman Dies; Was Noted Financier". The Gazette and Daily. York, Pennsylvania. April 5, 1937. p. 14. Retrieved May 29, 2016 – via Newspapers.com.
  3. ^ a b c d e f g h "Henry Goldman Rites Tomorrow; Retired Banker". The Brooklyn Daily Eagle. Brooklyn, New York. April 5, 1937. p. 13. Retrieved May 29, 2016 – via Newspapers.com.
  4. ^ Cook, Eli. "Henry Goldman: Immigrant Outsider as Empire Builder." In Immigrant Entrepreneurship: German-American Business Biographies, 1720 to the Present, vol. 3, edited by Giles R. Hoyt. German Historical Institute. Last modified May 27, 2015.
  5. ^ Erskine A R History of the Studebaker Corporation, South Bend 1918 (free download at Google Books)
  6. ^ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 102-103.
  7. ^ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 110.
  8. ^ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 150-152.
  9. ^ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 156-157.
  10. ^ The Stern Gerlach Experiment Jeremy Bernstein
  11. ^ Charles D. Ellis, The Partnership, Penguin Press, 2008, p.15

Further reading[edit]

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