These are only two of the many gifts and enterprises which originated with the venerable banker. George Peabody and William Corcoran were boys together; how similar their lives have been. Would that there were more Corcorans, more Peabodys. Mr. Corcoran has given several millions to charity and art; how we envy him--not for his wealth, but his reputation, or better, would that we could do as much good in the world as did these two great men.
Who indeed is there who has not heard of the Rothschilds? But how few there are who know much of them save that they are the richest bankers in the whole world. The subject of this sketch was the richest and most noted of five brothers. The father, Mayer Anselm Rothschild, sprung from a poor Jewish family, and was a clerk in Hanover before establishing himself at Frankfort. At Hanover it is claimed that his integrity and ability became so marked in every position to which he was called that the attention of the Government was called thereto.
After the great French victory of Jena, Napoleon decreed that the Governor of Hesse-Cassel should have his lands and property confiscated. The order was no sooner given than a French army was on its way to carry the edict into effect. The Elector William, before his flight from Hesse-Cassel, deposited with the father of the subject of this sketch $5,000,000, without interest, for safe keeping. There was no luck about this; it was a most difficult undertaking at that time. Any one who had been found with this money would have lost his life. For Rothschild to invest it so that he could make money from its use was his object; to do so safely and secretly required a good business tact. The Elector, it is said, studied sometime before he decided to whom he could intrust this vast sum during his absence. Thus it is seen that as Rothschild came of poor parents, and was simply a clerk. It was not so much luck in his case as strict integrity and the determination he manifested to master everything he undertook. This Rothschild had five sons, and by the aid of these, through different bankers, he succeeded by good management to lay a foundation upon which has been built that colossal fortune which the sons have accumulated. This money, belonging to the Elector, they had the benefit of until 1828, when the whole was paid over to the heirs of the original owner with two per cent. interest for a portion of the time. Of the five brothers, Anselm was situated at Frankfort, Solomon at Vienna, Charles at Naples, James at Paris, and Nathan at London. The two ablest financiers were James and Nathan, and of these two Nathan was the superior. His son was the first Jew that ever sat in the English Parliament. It has been said that the fundamental rule of this great banking-house was "To sell when people desired to buy, and buy when people wished to sell." It is related of Nathan Mayer Rothschild that, all day long, at the battle of Waterloo, he hung about the skirts of the two armies, waiting to see how the battle turned. Toward night of that memorable day, the clouds of smoke lifting, revealed the French army in full and disastrous retreat. Rothschild took in the situation at once. True to his instincts, he saw in that awful carnage only the shimmer of his gold. Chance had overcome the most heroic valor, the most stubborn resistance, the best laid plans, and once more declared in the Hebrew's favor. He dashed into Brussels, whence a carriage in waiting whirled him into Ostend. At dawn he stood on the Belgian coast, against which the sea was madly breaking. He offered five, six, eight, ten hundred francs to be carried over to England. The mariners feared the storm; but a bolder fisherman, upon promise of twenty-five hundred francs, undertook the hazardous voyage. Before sunset Rothschild landed at Dover; and engaging the swiftest horses, rode with the wind to London. What a superb special correspondent he would have made! The merchants and bankers were dejected; the funds were depressed; a dense fog hung over the city; English spirits had sunk to their lowest ebb. On the morning of the 20th, the cunning and grasping Nathan appeared at the Stock Exchange, an embodiment of gloom. He mentioned, confidentially, of course, to his familiar that Blucher, at the head of his vast army of veterans, had been defeated by Napoleon, at Ligny, on the 16th and 17th, and there could be no hope for Wellington, with his comparatively small and undisciplined force. This was half true, and like all half-truths, was particularly calculated to deceive. Rothschild was a leader among trading reynards. His doleful whisper spread as the plague--poisoning faith everywhere. The funds tumbled like an aerolite.