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...finance has been its pioneering in great international loans. It sold U. S. securities to its European customers and European securities to its U. S. customers, when other U. S. investment dealers had no understanding of such commerce. When Japan was fighting Russia in 1905, Jacob Schiff (1847-1920) then senior partner of Kuhn, Loeb & Co. was in London. The Japanese Government wanted $50,000,000. London bankers said they would risk $25,000,000. Jacob Schiff said that his firm would take the other $25,000,000. Subsequently, Kuhn, Loeb & Co. sold $200,000,000 of bonds to finance...

Author: /time Magazine | Title: Pine and William Sts. | 2/14/1927 | See Source »

Abraham Kuhn and Solomon Loeb had faith in U. S. railroads when they began their Manhattan partnership in 1867. But their vision might have remained national, had not Jacob Henry Schiff come over from Germany and married Mr. Loeb's daughter, Teresa. The partners made a partner of the son-in-law (1875), and at the same time took into the firm another young man of financial perspicacity?Abraham Wolff. It was not long before Jacob Schiff dominated the partnership, and it was due largely to him that Kuhn, Loeb & Co. has made its close connections with European bankers...

Author: /time Magazine | Title: Pine and William Sts. | 2/14/1927 | See Source »

...brother, Felix M. Warburg, who married Frieda Schiff, has remained a partner since 1897. His forte is the philosophy of money?economics. Otto Hermann Kahn, who became a partner in 1897, after his marriage to Addie Wolff, is the star salesman of the firm, the "front window." Jerome J. Hanauer might be called the mathematical genius. Few minds can match his when it is applied to railroad financing. He?a partner since 1912, and the last to be admitted?is the only one not a son-in-law or a son of earlier partners...

Author: /time Magazine | Title: Pine and William Sts. | 2/14/1927 | See Source »

Died. Anson Wood Burchard, 62, vice chairman of the General Electric board of directors, at the home of Mortimer L. Schiff, Manhattan; of acute indigestion. He helped the late Charles Albert Coffin plan G. E.'s policies...

Author: /time Magazine | Title: Milestones: Jan. 31, 1927 | 1/31/1927 | See Source »

...were Vice President and Mrs. Dawes, the Cabinet members and their wives, Senator Charles Curtis of Kansas, and a few favored guests from Washington, New York, Boston, such as Bruce Barton, advertising man, writer of books on the Bible and Jesus; Dr. Vernon L. Kellogg, famed zoologist; Mortimer L. Schiff, potent Manhattan banker; all with their ladies...

Author: /time Magazine | Title: THE PRESIDENCY: The White House Week: Dec. 13, 1926 | 12/13/1926 | See Source »

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