A Study in American Jewish Leadership

Loeb were often compared. Schiff disliked the practice, but since he was the runner-up to the powerful Morgan after the Northern ...

William Street” became synonymous with Kuhn, Loeb and with Schiff, just as “New Court” in London was the abbreviation for the Ro ...

legal advice on his rights under insurance laws and was told that Kuhn, Loeb was free to sell securities to companies in which h ...

but he himself never had. Moreover, since the value of the securities in question had risen far above the price of purchase, the ...

extract the information, he questioned Schiff at length on the manner in which Kuhn, Loeb divided allotments to participants in ...

of business those goals dictated support of the Republicans. After the tur- bulent events of the early 1890s—Populist agitation, ...

for their own benefit, which is the benefit of the State, ought to be encour- aged in every way.” The “benefit,” he explained, m ...

regulatory policies were to blame. Speaking usually for the railroad com- bines, Schiff disagreed. To be sure, the president had ...

Morgan and City Bank—“I do not look into other people’s business”—and about joint transactions between Kuhn, Loeb and the others ...

continued to expand, the Orient and the Ottoman Empire as well. Al- though Schiff at times thought that opportunities in America ...

fifth, an immediate postwar loan, in New York, London, Berlin, and Paris. With Kuhn, Loeb as the hub of American action, Schiff ...

partial control of the South Manchuria Railway.^100 Understanding full well where the country was headed, he planned to use an e ...

heavily in debt; the European powers, competing for economic conces- sions, backed their own bankers. Since the American governm ...

pressure by the government to keep the bankers in line. Success depended as well on the willingness of the European powers, secu ...

He openly described the tension between the group and the State Depart- ment, and he told Harriman and others that “there was mo ...

group increasingly wearied of the China affair. The frustrated American bankers began to talk seriously in 1910 of dissolving th ...

None pointed out, however, that Schiff was surprisingly thin-skinned. He shrank from personal confrontations, and his protests t ...

2 Leadership and Philanthropy Elitist Leadership While Schiff built up his financial empire, he was simultaneously establish- in ...

synagogues, stood the philanthropic, fraternal, and cultural institutions di- rected by lay volunteers. The Americanized leaders ...

Cassel said, “but be a good one.” Although Schiff functioned as a steward rather than an absolute dictator, leadership to him me ...