Philipp Thorsch
Philipp Thorsch (born December 6, 1831 in Prague , † September 29, 1905 in Mödling , Lower Austria ) was an Austro-Czech banker and head of the M. Thorsch Sons banking house in Vienna .
Life
Philipp Thorsch was born as the son of the Jewish wholesale merchant Ephraim Markus Thorsch (1800–1863) and Caroline Charlotte born. Cow born. Like his brother David Eduard (1832–1883), he received a commercial training in Prague and after the death of his father joined the management of MT Sons. His marriage to his cousin Ernestine Thorsch (1836–1912) remained childless.
After the death of his brother in 1883, the bank was under the sole management of Philipp Thorsch. The Neue Freie Presse wrote on the death of David Eduard Thorsch: "Today the company represents, at least in terms of turnover, the largest banking house in Austria-Hungary." In the following twenty years, the banking house's dominant position in international foreign exchange and Precious metal trading further consolidated. M. Thorsch Sons was also the only Viennese bank that was able to conduct international arbitrage trading on a large scale. Under Thorsch's management, the bank established close ties to London and New York and enjoyed an excellent reputation, especially in the Anglo-Saxon countries and in Berlin's financial circles. MT Sons was widely known as an excellent training facility for young bank officials. Thorsch was a recognized authority on questions of currency and interest rate and, on the occasion of the Valuta Inquete in 1892, delivered a highly regarded expert opinion in which he expressly spoke out in favor of the conversion to a gold currency.
Philipp Thorsch was involved in the Vienna Jewish Community and in his will he gave numerous charitable foundations with considerable amounts. His widow Ernestine also emerged as a benefactor and benefactor and, a few months before her death, donated over 600,000 crowns to the Vienna Israelite Hospital. In her will, she donated more than 500,000 crowns to various social institutions.
Philipp Thorsch last lived in Wien-Landstrasse , Reisnerstrasse 51 and is buried in the Vienna Central Cemetery , Old Israelite Department (Gate 1, Group 7, Row 1, No. 2). The tomb was designed by the architect Karl König .
Thorsch left a fortune of 22 million crowns .
The management of the banking house M. Thorsch Sons was taken over by the nephew Alfons Thorsch (1872–1945); it existed until 1938.
literature
- Georg Gaugusch : Thorsch Philipp. In: Austrian Biographical Lexicon 1815–1950 (ÖBL). Volume 14, Verlag der Österreichischen Akademie der Wissenschaften, Vienna 2012–, ISBN 978-3-7001-7312-0 , p. 314.
- Roman Sandgruber : Rothschild: Splendor and Fall of the Vienna World House. Molden, Vienna a. a. 2018, ISBN 978-3-222-15024-1 .
- Roman Sandgruber: Dream time for millionaires: The 929 richest Viennese in 1910. Styria Premium, Vienna a. a. 2013, ISBN 978-3-222-13405-0 .
Individual evidence
- ↑ Hans Werner Scheidl: Last heyday of the Jewish private bankers in the fairytale town. In: The press. January 24, 2014, accessed March 2, 2020 .
- ^ Philipp Thorsch. In: Austrian Biographical Lexicon 1815–1950 (ÖBL). Volume 14, Verlag der Österreichischen Akademie der Wissenschaften, Vienna 2012–, ISBN 978-3-7001-7312-0 , p. 314.
- ↑ Florian Gasser: Rothschild Dynasty: What is Left of the Rothschilds in Austria? In: The time . November 26, 2018, ISSN 0044-2070 ( zeit.de [accessed on March 2, 2020]).
| personal data | |
|---|---|
| SURNAME | Thorsch, Philipp |
| BRIEF DESCRIPTION | Austro-Czech banker |
| DATE OF BIRTH | December 6, 1831 |
| PLACE OF BIRTH | Prague |
| DATE OF DEATH | September 29, 1905 |
| Place of death | Mödling , Lower Austria |