Thank you for visiting SNEWPapers!

Sign up free
Page thumbnail for The National Republican And Ohio Political Register
Foreign News October 28, 1823

The National Republican And Ohio Political Register

Cincinnati, Hamilton County, Ohio

What is this article about?

Biographical sketch of financier N.M. Rothschild, detailing his rise from German origins to immense wealth through trade, stock speculations, and loans to European monarchs. Includes a recent grand dinner at his Stamford Hill estate attended by nobility including foreign dignitaries.

Merged-components note: Continuation of the article about Mr. Rothschild from page 1 to page 2, based on sequential reading order and matching text content.

Clippings

1 of 2

OCR Quality

95% Excellent

Full Text

From English papers, received at the office of the National Advocate.

MR. ROTHSCHILD.

Mr. Rothschild gave a grand dinner, on Tuesday, to upwards of 300 of the nobility and gentry, at his seat at Stamford-hill. Among the party invited were Prince Polignac, Count Liven, Baron de Werther, Count de Front, Baron Just, Earl of Liverpool, &c.

Mr. N. M. Rothschild is descended from a German lineage. Mr. R. sought to establish his fortune in England. Various were his vicissitudes in early life, but by his industry and prudential conduct, he acquired considerable property in the linen trade at Manchester, large quantities of which article were exported during the last war to the Continent, where Mr. R. availed himself of the peculiar advantage of his brother's agency in that quarter of Europe. Previously to the close of the late war, Mr. R. transferred the scene of commercial operations from Manchester to London. He then became a considerable speculator in the Foreign and British Securities on the Stock Exchange, and after the melancholy death of Mr. Goldsmidt, assumed a very prominent station in the money market. But the principal incident which contributed to the rapid elevation of our modern Crœsus, was the escape of Bonaparte from Elba, in 1814. In consequence of Mr. R.'s superior information on the continent, this important occurrence was known to him nearly forty-eight hours before it was in the possession of any other person in this country. He did not fail to avail himself of every advantage which this priority of intelligence presented. His agents went into the market and sold prodigious quantities of stock. The consternation was dreadful! Every one suspected danger, none knew where to look for it.—The panic was epidemic. On the disclosure of the fact, the general cry was sauve qui peut; and the object of our present article bore off the immense sum, gained by his success on this great and extraordinary occasion.

Mr. Rothschild, thus fortified in wealth, and enjoying at this time the almost exclusive means of acquiring the first intelligence from the Continent, soon established for himself a reputation and importance, the maturity of which can scarcely be said to have been accomplished at the present moment. He availed himself, in conjunction with his brothers (who are also great capitalists on the Continent) of the opportunity of administering to the wants of the King of Prussia, the Emperor of Russia, the Kings of Naples and Spain, the Republic of Colombia, and other States, who negotiated loans on terms highly profitable to him; and which have, with the advantages of the courses of Exchange, and other incidental benefits, realized immense sums in addition to his fortunate speculations in British Stock. But the great coup de main of Mr. R. consisted in his out-generalling the Gallic Financiers in the recent French Loan. In that transaction he is supposed to have cleared upwards of 10,000l. by the commission alone, independent of the advantages of the course of exchange!

By the fortuitous occurrence of favorable circumstances, Mr. R. has been enabled to amass greater wealth than any man that had ever existed in England. It would be impossible for others to estimate his property, when Mr. R. has declared that he could not do it himself. It has been asserted, however, that he can command upwards of fifteen millions sterling at any time, if required! When it is considered that "money, the sinew of war," is in its amount illimitable, and in its control so much at the mere volition of Mr. R., it ceases to surprize the reader that such a man should be necessary to the potentates of Europe, and that the friendship and assistance of such a man should be no less anxiously sought, than promptly and powerfully afforded.

Mr. Rothschild is a Baron of the German Empire, to the Emperor of which he has rendered some essential services. He is about forty-three years of age, and possesses a family of nine children. His mode of life is remarkable for its retired description. Unlike his great predecessor, (Goldsmidt) he does not boast of his chosen and exquisite wines, or herald his hospitality toward the Princes of the Blood. His appearance is unostentatious; his deportment familiar, and his manners unaffected and open. His conversational style on Change is very acute and discriminating. He carries about with him no aristocratical feeling; neither does he affect a singularity, the common concomitant of extraordinary genius, and the mental impotence of pecuniary plenitude. His face is distinguished by lack of that piercing intelligence, which lights up and animates the expressions of those proverbial for their acuteness; but there is a quickness in the eye, which denotes a lively and unremitting watchfulness of the mind, on every subject of general interest.

When engaged in conversation, Mr. R. usually dangles a bunch of keys in his right hand and indulges a habit of abruptly turning from the object to whom he is speaking, and suddenly renewing the colloquy. He possesses a memory so remarkably retentive, and the powers of mental addition so copiously strong, that he effects all his immense calculations without agency of pen or paper; and often at those times when the din of business "gives note of preparation" for a "rise or fall." His genius is of that order, which
often enables him to perceive the benefit or disadvantage of a proposition, before the parties have fully viewed the surface. His movements are characterized by profound judgment; his attack is no less able than his retreat judicious.

What sub-type of article is it?

Economic Diplomatic

What keywords are associated?

Rothschild Biography Financial Speculation European Loans Stock Exchange Napoleon Escape French Loan Stamford Hill Dinner

What entities or persons were involved?

N. M. Rothschild Prince Polignac Count Liven Baron De Werther Count De Front Baron Just Earl Of Liverpool Bonaparte Goldsmidt King Of Prussia Emperor Of Russia Kings Of Naples And Spain Republic Of Colombia

Where did it happen?

London

Foreign News Details

Primary Location

London

Event Date

Tuesday

Key Persons

N. M. Rothschild Prince Polignac Count Liven Baron De Werther Count De Front Baron Just Earl Of Liverpool Bonaparte Goldsmidt King Of Prussia Emperor Of Russia Kings Of Naples And Spain Republic Of Colombia

Outcome

amassed wealth exceeding fifteen millions sterling through speculations, loans, and commissions; hosted grand dinner for nobility.

Event Details

N.M. Rothschild, of German descent, built fortune in linen trade at Manchester, then London stock exchange. Profited immensely from early knowledge of Napoleon's 1814 escape from Elba by selling stocks during panic. Provided loans to European monarchs and states, notably outmaneuvering French financiers in recent loan, clearing over 10,000l. in commission. Baron of German Empire, aged 43, with nine children; lives retired life. Recently gave grand dinner at Stamford-hill to 300 nobility including foreign dignitaries.

Are you sure?