Michael Kaskel

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Michael Kaskel (born November 9, 1775 in Dresden ; † January 30, 1845 there ) was a German court banker .

Life

Michael Kaskel was the son of Jakob Kaskele (approx. 1735–1788), who came from Poland , who also expanded and successfully operated a banking business. After his father's death, his mother Philippine (1742–1811) continued the business with her partner Philipp Aaron. In 1796, his mother applied to the electoral guardianship office for an early declaration of majority. The application was granted on March 19, 1796, so that the young man, twenty years old, could take over the management. As a Jewish supplier to the army and coins, he was not only in competition with Christian merchants, as was the case in other areas of trade, but was also exposed to specific opportunities and risks in dealing with war goods and coinage. He called his company Michael Kaskel and, as a court banker , developed it into the most respected and largest bank in the Kingdom of Saxony . Four years before his death, he was awarded the title of "Royal Saxon Commerzienrath" for his services to the Saxon royal family and the economy.

In 1797 he married Sara Schlesinger (1774-1858) from Frankfurt an der Oder . The marriage had nine children who were baptized Evangelicals from the 1820s , but he continued to support the Jewish community . There was a private synagogue in his house .

In 1832 the Kaskel family bought the castle-like property “Antons” on the left bank of the Elbe in Johannstadt in Dresden . The gardens were redesigned according to the English pattern and the building in the late Baroque style was given a clock tower.

His house at 20 Wilsdruffer Strasse was the social hub in Dresden, where concerts were also held. Kaskel died in 1845 and was buried in the Old Jewish Cemetery.

Descendants

His son Michael Ernst Carl Kaskel learned the banking business from him, became a partner and after his death in 1845 took over the family business as owner.

Individual evidence

  1. ^ German biography: Michael Kaskel
  2. ↑ Michael Kaskel, biography , on Carl-Maria-von-Weber-Gesamtausgabe. Digital edition, as of May 2014. Retrieved July 17, 2015
personal data
SURNAME Kaskel, Michael
BRIEF DESCRIPTION German banker and councilor of commerce
DATE OF BIRTH November 9, 1775
PLACE OF BIRTH Dresden
DATE OF DEATH January 30, 1845
Place of death Dresden