Bra Goldschmidt

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Former headquarters of the BH Goldschmidt bank at Kaiserstrasse 14 in Frankfurt am Main

The banking house BH Goldschmidt was a leading German-Jewish private bank in Frankfurt am Main in the 19th century . It was owned by the Goldschmidt banking family and was one of the founders of Commerzbank .

history

The banking house BH Goldschmidt was founded in 1821 by Benedikt Hayum Goldschmidt (1798–1873) in Frankfurt am Main , after he had previously worked as a fifth generation money changer . Goldschmidt became consul of the Grand Duchy of Tuscany and later took three of his seven sons into the bank as partners. a. 1862 Maximilian von Goldschmidt-Rothschild (1843–1940).

BH Goldschmidt was one of the Frankfurt private banks that had been intensively committed to the establishment of joint stock banks since the 1850s. Together with Gebrüder Bethmann , Johann Goll & Söhne , DJ de Neufville and others, BH Goldschmidt received approval from the city of Frankfurt in 1853 to found the Frankfurter Vereinskasse , which was merged with the Frankfurter Bank a year later . BH Goldschmidt also took over a supervisory board mandate in the bank for trade and industry in Darmstadt, founded in 1853 (predecessor institute of the Darmstadt and National Bank ).

In 1856, however, the attempt by BH Goldschmidt together with other banks based on the model of the French Crédit Mobilier to obtain a license to found the Frankfurter Kredit-Verein failed . BH Goldschmidt had brought together a consortium of the Jewish bankers M. Königswasser, Siegmund Sulzbach, E. Ladenburg, Raphael Erlanger Philipp Ellissen and their Christian business friends Philipp Donner, Friedrich Adolph Jay and Wilhelm Friedrich Jäger. But the banking houses Johann Goll & Sons, Grunelius & Co., B. Metzler Seele. Son & cons. , W. Mumm, D. & J. Neuville and Phillip Nicolaus Schmidt were able to convince the Frankfurt Senate not to give permission for it.

In 1864 BH Goldschmidt successfully set up the (second) Frankfurt club fund with a budget of 5 million guilders . This institute later merged into the Deutsche Vereinsbank .

In 1870, BH Goldschmidt, together with eleven other, predominantly Hanseatic merchants and bankers, helped found the Commerz- und Disconto-Bank in Hamburg , today's Commerzbank . From the initially issued share capital of the Commerz- und Disconto-Bank amounting to ten million marks , BH Goldschmidt subscribed shares to the value of 2 million marks and was thus the largest founding shareholder of the Commerz- und Disconto-Bank . BH Goldschmidt was probably so committed to this new bank because its Frankfurt competitor, the Sulzbach brothers , supported the establishment of Deutsche Bank at the same time . Benedikt Hayum Goldschmidt's second eldest son, Adolph Benedikt Hayum Goldschmidt (1838-1918), took over a supervisory board mandate at Commerz- und Disconto-Bank , which he held until 1877. On the initiative of Adolph Benedikt Hayum Goldschmidt, Commerz- und Disconto-Bank founded a subsidiary in London in 1873 , the London and Hanseatic Bank .

In addition to participating in the establishment of joint stock banks, BH Goldschmidt also participated in the placement of securities, e. B. in 1871 on the share placement of the Swiss Gotthard Railway Company and in 1872 on a loan from the Ottoman Empire . The bank Bischoffsheim & Goldschmidt, based in Antwerp , Brussels , Amsterdam , Paris , Frankfurt am Main and London , was closely related to BH Goldschmidt in terms of family and business . It was founded by the brothers Louis-Raphaël Bischoffsheim (1800–1873) and Jonathan-Raphaël Bischoffsheim (1808–1883), members of the Frankfurt banking family Bischoffsheim . Both were married to sisters of the founder of BH Goldschmidt, Benedikt Hayum Goldschmidt. In addition, his father, Hayum Salomon Goldschmidt (1772–1843), was a partner in Bischoffsheim & Goldschmidt .

After the death of the bank's founder, Benedikt Hayum Goldschmidt, his sons Maximilian von Goldschmidt-Rothschild and Adolph Benedict Hayum Goldschmidt ran the bank together until 1900. Then the brothers decided to give up the banking business and leave Frankfurt am Main. While Adolf first moved to Paris and then to London , Maximilian went to Berlin .

literature

  • Allfrey, Anthony: "The Goldschmidts", Think Publishing, London 1996, ISBN 978-0-9541363-3-8
  • Burhop, Carsten: "The credit banks in the early days", published in: "Series of publications by the Institute for Bank History Research", Volume 21, Franz Steiner Verlag, Wiesbaden 2004, ISBN 3-515-08413-4
  • Emden, Paul Heinrich: "Money Powers of Europe in the Nineteenth and Twentieth Centuries", D. Appleton-Century Company, New York 1938
  • Kasper-Holtkotte, Cilli: “New in the West - Migration and its Consequences: German Jews as Pioneers of Jewish Life in Belgium, 18./19. Century “, Koninklijke Brill Verlag, Leiden 2003, ISBN 90-04-13109-4
  • Kirchholtes, Hans-Dieter: "Jewish private banks in Frankfurt am Main", Waldemar Kramer publishing house, Frankfurt am Main 1989, ISBN 3-7829-0351-X
  • Krause, Detlev: "The Commerzbank and Disconto-Bank 1870–1920 / 23 - Banking history as a system history", in the series "Unternehmensgeschichte", Volume 19, Franz Steiner Verlag, Stuttgart 2004, ISBN 3-515-08486-X .

References and comments

  1. ^ Emden, Paul Heinrich: "Money Powers of Europe in the Nineteenth and Twentieth Centuries", D. Appleton-Century Company, New York 1938, p. 325
  2. ↑ Kirchholtes, Hans-Dieter: "Jewish private banks in Frankfurt am Main", Waldemar Kramer publishing house, Frankfurt am Main 1989, p. 26, ISBN 3-7829-0351-X
  3. ^ Krause, Detlev: "The Commerzbank and Disconto-Bank 1870-1920 / 23 - Banking history as system history", in the series "Unternehmensgeschichte", Volume 19, Franz Steiner Verlag, Stuttgart 2004, p. 66, ISBN 3-515- 08486-X
  4. ↑ Kirchholtes, Hans-Dieter: "Jewish private banks in Frankfurt am Main", Waldemar Kramer publishing house, Frankfurt am Main 1989, p. 37, ISBN 3-7829-0351-X
  5. ↑ Kirchholtes, Hans-Dieter: "Jewish private banks in Frankfurt am Main", Verlag Waldemar Kramer, Frankfurt am Main 1989, p. 27, ISBN 3-7829-0351-X
  6. ↑ Burhop, Carsten: “Die Kreditbanken in der Gründerzeit”, published in: “Series of publications by the Institute for Bank History Research”, Volume 21, Franz Steiner Verlag, Wiesbaden 2004, p. 96, ISBN 3-515-08413-4
  7. ↑ Krause, Detlev: "The Commerzbank and Disconto-Bank 1870–1920 / 23 - Banking history as system history", in the series "Unternehmensgeschichte", Volume 19, Franz Steiner Verlag, Stuttgart 2004, pp. 67ff., ISBN 3-515 -08486-X
  8. ^ Krause, Detlev: "The Commerzbank and Disconto-Bank 1870-1920 / 23 - Banking history as system history", in the series "Unternehmensgeschichte", Volume 19, Franz Steiner Verlag, Stuttgart 2004, p. 114, ISBN 3-515- 08486-X
  9. ↑ Krause, Detlev: “The Commerzbank and Disconto Bank 1870-1920 / 23 - Banking history as system history”, in the series “Unternehmensgeschichte”, Volume 19, Franz Steiner Verlag, Stuttgart 2004, pp. 106f., ISBN 3-515 -08486-X
  10. ^ Krause, Detlev: "The Commerzbank and Disconto-Bank 1870-1920 / 23 - Banking history as system history", in the series "Unternehmensgeschichte", Volume 19, Franz Steiner Verlag, Stuttgart 2004, p. 91, ISBN 3-515- 08486-X
  11. ↑ Kasper-Holtkotte, Cilli: "New in the West - Migration and Its Consequences: German Jews as Pioneers of Jewish Life in Belgium, 18th / 19th Century", Koninklijke Brill Verlag, Leiden 2003, pp. 185f. and 319, ISBN 90-04-13109-4
  12. ↑ Kasper-Holtkotte, Cilli: “New in the West - Migration and Its Consequences: German Jews as Pioneers of Jewish Life in Belgium, 18th / 19th Century”, Koninklijke Brill Verlag, Leiden 2003, p. 317f., ISBN 90-04 -13109-4
  13. ↑ Kirchholtes, Hans-Dieter: "Jewish private banks in Frankfurt am Main", Waldemar Kramer publishing house, Frankfurt am Main 1989, p. 26, ISBN 3-7829-0351-X