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Raleigh, Wake County, North Carolina
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Nathan Mayer Rothschild, the renowned London banker, died on July 28 in Frankfurt-on-the-Maine at age 50 from a prolonged illness while attending his son's marriage. Biographical details highlight his rise from 1798, wartime remittances, family, and business acumen.
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By the Halifax packet at Boston, 5th inst. London dates to 4th August, are received. We learn by this arrival that Nathan Mayer Rothschild, the celebrated London banker, died on Thursday, July 28, at Frankfort-on-the-Maine, at 5 o'clock in the afternoon. He was only fifty years of age. His visit to Frankfort was to be present at the marriage of his son. His illness continued for several weeks before it terminated in death. He was sensible to the last.
He came to England in 1798, where he acted as agent for his father in the purchase of goods for the continent. Shortly afterward, through the agency of his father and the Prince of Hesse Cassel, he had large sums of money placed at his disposal, which he employed with extraordinary judgment, and his means went on at a rapid rate of accumulation. It was not till the breaking out of the war with Spain in 1808, that his extraordinary means, which were displayed in making remittances for the English army in that country, were developed to any extent, so as to be known to the mercantile world generally. He was one of ten children, eight of whom survive him—four brothers, two younger and two older than himself—and four sisters.
He married the daughter of Mr. Cohen, a merchant in London, who is said so little to have anticipated the success in life of his future son-in-law, that he entertained some doubts about the prudence of the match—and Mr. Rothschild was accordingly desired to produce testimonials as to his worldly means.
All the brothers of Mr. Rothschild are men of great capacity and knowledge of business, but it is generally admitted that they deferred to his judgment in all their undertakings, and that he was the moving principle of the great mass of capital they represented.
M. Rothschild, like the rest of the brothers, held a patent of nobility with the title of Baron but he never assumed it, and was more justly proud of that name under which he had acquired a distinction which no title could convey.
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Foreign News Details
Primary Location
Frankfort On The Maine
Event Date
Thursday, July 28
Key Persons
Outcome
died at age 50 from illness lasting several weeks; survived by four brothers and four sisters.
Event Details
Nathan Mayer Rothschild died in Frankfurt while attending his son's marriage. He rose to prominence as a banker, managing large funds from 1798, notably remittances for the English army in the 1808 war with Spain. Married daughter of Mr. Cohen; brothers deferred to his judgment; held but did not use baronial title.