Henry Goldman: Difference between revisions
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'''Henry Goldman''' (September 21, 1857 – April 4, 1937) was an American banker. 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. |
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==Early life== |
==Early life== |
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Henry Goldman was born on September 21, 1857. His father, [[Marcus Goldman]], was a German-born banker. |
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> His father, [[Marcus Goldman]], was a German-born banker. |
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Goldman attended [[Harvard University]] but failed to graduate due to poor eyesight.<ref name="readingobit"/> |
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==Career== |
==Career== |
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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"/> |
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==Philanthropy== |
==Philanthropy== |
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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> |
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Goldman purchased a yacht for [[Albert Einstein]].<ref name="readingobit"/> He also purchased a [[Stradivarius]] for [[Yehudi Menuhin]].<ref name="readingobit"/> |
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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"/> |
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==Art collection== |
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Goldman was a significant art collector. His collection focused on "Renaissance Italian, Dutch and Flemish paintings."<ref name="readingobit"/> For example, he purchased ''Portrait of a Man Sitting'' by [[Frans Hals]] for US$175,000 in 1916.<ref name="readingobit"/> |
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==Personal life== |
==Personal life== |
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Goldman married Babette Kaufman. They resided on [[Fifth Avenue]] in [[Manhattan]], New York City.<ref name="readingobit"/> His apartment was opposite the [[Metropolitan Museum of Art]].<ref name="readingobit"/> |
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Goldman married Babette Kaufman. |
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==Death== |
==Death== |
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Goldman died on April 4, 1937. |
Goldman died on April 4, 1937 in New York City.<ref name="readingobit"/> |
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== References == |
== References == |
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[[Category:1857 births]] |
[[Category:1857 births]] |
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[[Category:1937 deaths]] |
[[Category:1937 deaths]] |
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[[Category:People from Philadelphia]] |
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[[Category:People from Manhattan]] |
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[[Category:Harvard University alumni]] |
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[[Category:American investment bankers]] |
[[Category:American investment bankers]] |
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[[Category:American people of German-Jewish descent]] |
[[Category:American people of German-Jewish descent]] |
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Revision as of 12:28, 29 May 2016
Henry Goldman | |
|---|---|
| Born | September 21, 1857 |
| Died | April 4, 1937 (aged 79) |
| Nationality | American |
| Spouse |
Babette Kaufman (m. 1890) |
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
Henry Goldman was born on September 21, 1857 in Philadelphia, Pennsylvania.[1] His father, Marcus Goldman, was a German-born banker.
Goldman attended Harvard University but failed to graduate due to poor eyesight.[1]
Career
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.[2]: 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.[3] 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.[4]
Goldman retired from Goldman Sachs in 1917.[1]
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.[5] 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.[6]
Goldman purchased a yacht for Albert Einstein.[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]
Art collection
Goldman was a significant art collector. His collection focused on "Renaissance Italian, Dutch and Flemish paintings."[1] For example, he purchased Portrait of a Man Sitting by Frans Hals for US$175,000 in 1916.[1]
Personal life
Goldman married Babette Kaufman. They resided on Fifth Avenue in Manhattan, New York City.[1] His apartment was opposite the Metropolitan Museum of Art.[1]
Death
Goldman died on April 4, 1937 in New York City.[1]
References
- ^ a b c d e f g h i j k "Henry Goldman, Bank Head, Dies". The Reading Times. Reading, Pennsylvania. April 5, 1937. p. 7. Retrieved May 29, 2016 – via Newspapers.com.
{{cite news}}: Unknown parameter|registration=ignored (|url-access=suggested) (help) - ^ Erskine A R History of the Studebaker Corporation, South Bend 1918 (free download at Google Books)
- ^ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 102-103.
- ^ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 110.
- ^ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 150-152.
- ^ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 156-157.
Further reading
- Alef, Daniel (2010). Henry Goldman: Goldman Sachs and the Beginning of Investment Banking. Titans of Fortune. ISBN 1608043169.
- Fisher, June Breton (2010). When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street. Palgrave MacMillan.
- "Book Discussion on When Money Was in Fashion". C-SPAN. 15 November 2010. Retrieved 23 April 2015.
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