OTD 9 September 1774 Salomon Mayer von Rothschild

The Rothschild family always had been very famous in the
financial world. 9 September 1774 marks the birth of Salomon Mayer
von Rothschild. This event took place at Frankfurt-am-Main,
then a part of the Holy Roman Empire.




Family


Salomon Mayer von Rothschild was the  third child and
second son of Mayer Amschel Rothschild (1744-1812) and
Gutlé Schnapper (1753-1849).

In 1800, Salomon married Caroline Stern (1782-1854).
They had 2 children:

1/ Anselm Salomon (1803-1874)
2/ Betty Salomon (1805-1886), who married her uncle James
Mayer de Rothschild in 1824.


Bank & Business

Mayer Amschel Rothschild, the father of Salomon, had built
a prosperous banking business in Germany. He wanted to expand
the family business across Europe. The eldest child remained in
Frankfurt, while the others were sent to different European cities to
establish a banking branch.

Salomon von Rothschild was made a shareholder of the
Rothschild Frères bank when it was opened in Paris in 1817,
by brother James Mayer de Rothschild.

In 1820, Salomon Rothschild was sent to Austria to formalize
the family's existing involvements in financing Austrian government
projects.

The same year, Salomon established SM von Rothschild
in Vienna. The business financed inter alia the Nordbahn rail
transport which was Austria's first steam railway.

In Austria, Salomon made connections amongst the country's
aristocracy and its political elite through Prince Klemens Metternich
and Friedrich von Gentz.



Prince Klemens Metternich




Salomon Mayer von Rothschild made the Viennese bank very
successful and he played an important role in the Austrian
economy.

In 1822, Salomon von Rothschild and his five brothers were
honoured by Emperor Francis I, with the hereditary title
Freiherr (Baron).



Emperor Francis I




In 1843, Salomon, Freiherr von Rothschild became the first
Jew to ever be given honorary Austrian citizenship.

In 1848, the revoltutions in the Habsburg areas and in other
parts of Europe took place. Anti Rothschild sentiments were
frequently heard and written. So, Salomon von Rothschild lost
some of his political influence and a considerable amount of money.




Under pressure Salomon handed over the reins of the bank to
his son Anselm. He left Vienna and retired in Paris where he
died on 28 July 1855. Paris was then a part of the Second French
Empire under Napoleon III.

Salomon had a huge art collection. Some pieces were given to
the Louvre Museum in Paris including two paintings by
Carlo Dolci.







Source pictures: Wikipedia




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