Jacob Friedrich Benedict Schmid

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The former headquarters of the Friedrich Schmid & Co. bank in Augsburg, Maximilianstrasse 65

Jacob Friedrich Benedict Schmid (born May 30, 1807 in Augsburg ; † March 1853 ibid) was a German banker in Augsburg.

biography

family

As the son of the Augsburg banker Jacob Friedrich Schmid and his wife Susanna Johanna Elisabeth, b. von Rad, Schmid was related to numerous families of the Augsburg patriciate and the economic bourgeoisie. He deepened these relationships on May 3, 1835 by marrying Eugenie Forster, a daughter of Carl Ludwig Forster, owner of the Schoeppler & Hartmann calico factory. The marriage resulted in nine children. The family initially lived in the Rad'sche Haus in Augsburg, Grottenau 2, but in 1849 they moved into the rented town house at Maximilianstrasse 65, where the Friedrich Schmid & Co. banking house was also located. With the financial support of his father-in-law, Schmid also acquired a garden in Augsburg, Froelichstrasse 20a.

The former garden house of the Schmid family in Augsburg, Froelichstraße 20a

Commercial activity

Schmid attended the Humanist Gymnasium near St. Anna in Augsburg, where he passed the Absolutorium in 1822 . After the death of his father on January 11, 1824, he had to break off the law studies he had begun at the Friedrich-Alexander-Universität Erlangen in 1823 . In preparation for joining the Erzberger & Schmid bank, he completed training as a businessman in Switzerland and Italy .

He then took up work in the banking house which his father co-founded. In 1832 he received power of attorney , however, was of Dietrich Erzberger , the partner is not considered his late father as an equal partner. After Erzberger took on his sons Albert Erzberger and Hermann Erzberger as partners around 1845 , Schmid left the private bank in 1849, which then renamed Erzberger & Co. and later Erzberger & Sons . In 1882 this banking institution ran into economic difficulties and had to file for bankruptcy.

That same year he founded in Augsburg Schaezlerpalais Bankhaus Friedrich Schmid & Co. , referring a little later the opposite headquarters of the bank in Maximilianstrasse 65. As part of the establishment, he took some of the customers and employees of the in liquidation banking house located of the year Johann Gottlob Freiherr von Süßkind died in 1949 .

In 1851 Schmid was one of the initiators of the Augsburg cotton spinning mill on the Stadtbach . The mechanical cotton spinning and weaving mill in Augsburg , of which he had been a member of the supervisory board since 1837 and as chairman from 1843 , urgently needed a supplier. His bank was responsible for the placement of the shares of the newly formed company.

After Schmid's sudden death, his brother Paul Johann Carl Schmid sen. Interim management, but the company stagnated under his management. Only after Paul Schmid junior, the eldest son of the deceased took over the management in 1868 , could the earlier successes be built on.

literature

  • Karl Bosl (Ed.): Bosls Bavarian Biography. 8000 personalities from 15 centuries . Verlag Friedrich Pustet, Regensburg 1983, pp. 683 f, ISBN 3-7917-0792-2 .
  • Peter Fassl: The Schmid banking family . In: Entrepreneurs - Employees. Pictures of life from the early days of industrialization in Bavaria . 2nd edition, Verlag Oldenbourg, Munich 1987, p. 123 ff, ISBN 3-486-52772-X .
  • Friedrich Schmid: Jakob Friedrich and Paul Schmid . In: Life pictures from Bavarian Swabia. Publications of the Swabian Research Association at the Commission for Bavarian State History . Vol. 4. Max Hueber Verlag, Munich 1955, p. 360 ff.
  • Rudolf Vierhaus (Ed.): German Biographical Encyclopedia (DBE). Vol. 9, Schlumberger - Thiersch. 2nd edition Verlag KG Saur, Munich 2008, ISBN 978-3-598-25039-2 , p. 21, 23rd digitized version
  • Wolfgang Zorn: Trade and industrial history of Bavarian Swabia 1648-1870. Economic, social and cultural history of Swabian entrepreneurship. Publications of the Swabian Research Foundation at the Commission for Bavarian State History. Series 1. Studies on the history of Bavarian Swabia. Vol. 6. Verlag der Schwäbische Forschungsgemeinschaft, Augsburg 1961.

Web links

Individual evidence

  1. ^ A b c Friedrich Schmid: Jakob Friedrich and Paul Schmid . In: Life pictures from Bavarian Swabia. Publications of the Swabian Research Association at the Commission for Bavarian State History . tape 4 . Max Hueber Verlag, Munich 1955, p. 360 ff .
  2. ^ Verlag EH Kunstmann (ed.): Personnel level of the Friedrich-Alexanders University Erlangen in its first century . Printing and publishing house EH Kunstmann, Erlangen 1843, p. 214 No. 87 .
  3. ↑ Karl Bosl (ed.): Bosls Bayerische Biographie. 8000 personalities from 15 centuries . Verlag Friedrich Pustet, Regensburg 1983, ISBN 3-7917-0792-2 , p. 683 .
  4. ↑ Gunther Gottlieb: History of the city of Augsburg from Roman times to the present . Konrad Theiss Verlag, Stuttgart 1984, ISBN 978-3-8062-0283-0 , p. 596 .
  5. ^ Wolfgang Zorn: Trade and Industrial History of Bavarian Swabia. 1648-1870 . In: Economic, social and cultural history of Swabian entrepreneurship. Publications of the Swabian Research Foundation at the Commission for Bavarian State History. Studies on the history of Bavarian Swabia . tape 6 . Verlag der Schwäbische Forschungsgemeinschaft, Augsburg 1961, p. 160 .
personal data
SURNAME Schmid, Jacob Friedrich Benedict
BRIEF DESCRIPTION German banker in Augsburg
DATE OF BIRTH May 30, 1807
PLACE OF BIRTH augsburg
DATE OF DEATH March 1853
Place of death augsburg