SM v. Rothschild

from Wikipedia, the free encyclopedia

SM v. Rothschild was a private bank in Vienna .

Salomon Meyer Rothschild (1774–1855), son of Mayer Amschel Rothschild , founded the bank around 1820. He invested in government bonds as well as in mining, industry and transport. He built the Northern Railway and acquired iron works. His son Anselm Salomon von Rothschild (1803–1874) took over the bank and ran the bank until his death. His successor was Albert Salomon Anselm von Rothschild (1844-1911). After his death, Louis Nathaniel von Rothschild (1882–1955) took over the business.

Louis Rothschild was imprisoned by the National Socialists. The Rothschild banking house was placed under provisional administration by the Austrian Credit Institute for Transport Companies and Public Works , and from July 1938 by the Merck Finck & Co banking house . Louis Rothschild was released on May 11, 1939 after more than a year in prison. He had to sell his fortune at a low price. In 1940 the bank SM v. Rothschild through the newly founded bank E. v. Nicolai, in which Merck Finck & Co held 71 percent and Deutsche Industriebank 19 percent, was taken over as part of the Aryanization of Jewish property.

In the post-war period, Louis Rothschild received from Bank E. v. Nicolai took 2 million schillings for the bank, but did not resume banking in Vienna. The bank palace at Renngasse 3 was sold to Schoeller & Co. in 1951 . The private assets seized by Louis Rothschild as part of the Aryanization of the bank were not reimbursed. His art collection of over 250 works remained in the possession of the Republic of Austria until a restitution procedure was concluded in 1999 .

literature

  • Thomas Trenkler : The Rothschild case - Chronicle of an expropriation. Molden Verlag, Vienna, 1999, ISBN 3-85485-026-3 .
  • Peter Melichar : Reorganization in the banking sector. The Nazi measures and the problem of restitution (= publications of the Austrian Historical Commission 11), Vienna-Munich 2004, pp. 391–408. (Case study: SM v. Rothschild with further literature)
  • Roman Sandgruber : Rothschild. Glory and decline of the Viennese world house. Molden Verlag, Vienna 2018, ISBN 978-3-222-15024-1 .

Individual evidence

  1. ↑ Peter Eigner, Helmut Falschlehner, Andreas Resch: History of Austrian private banks. Springer, Wiesbaden 2017, ISBN 978-3-658-20125-8 , pp. 299-301, chapter online at springer.com.
  2. ↑ Christa Zöchling : Myth Rothschild: The fairytale rise of a ghetto Jew. In: profil.at , October 13, 2018, accessed on December 23, 2018.
  3. ↑ Michael Dorrmann: The robbery of Louis von Rothschild ; in: Inka Bertz, Michael Dorrmann (eds.): Looted art and restitution. Jewish property from 1933 to the present day. Published on behalf of the Jewish Museum Berlin and the Jewish Museum Frankfurt am Main, Frankfurt a. M. 2008, ISBN 978-3-8353-0361-4 , p. 121 ff.