Solomon Loeb
Encyclopedia
Solomon Loeb was a German American
merchant
in textiles and later a banker with Kuhn, Loeb & Co.
. His father, a devout Jew, had been a small corn- and wine-dealer in Worms, which belonged to the Grand Duchy of Hesse and by Rhine. S. Loeb emigrated to the United States in 1849. He settled in Cincinnati with textiles merchants Kuhn, Netter & Co. He moved to New York City
in 1865 and with his partner Abraham Kuhn started the banking house of Kuhn, Loeb and Co.. His second born son James Loeb
joined the bank in 1888 (and left in 1901). Salomon Loeb gradually retired from running the business, but left Kuhn, Loeb & Co. only in 1899. He then started to work in real estate. He was a generous philanthropist
.
See Loeb Family Tree
German American
German Americans are citizens of the United States of German ancestry and comprise about 51 million people, or 17% of the U.S. population, the country's largest self-reported ancestral group...
merchant
Merchant
A merchant is a businessperson who trades in commodities that were produced by others, in order to earn a profit.Merchants can be one of two types:# A wholesale merchant operates in the chain between producer and retail merchant...
in textiles and later a banker with Kuhn, Loeb & Co.
Kuhn, Loeb & Co.
Kuhn, Loeb & Co. was a bulge bracket, investment bank founded in 1867 by Abraham Kuhn and Solomon Loeb. Under the leadership of Jacob H. Schiff, it grew to be one of the most influential investment banks in the late 19th and early 20th centuries, financing America's expanding railways and growth...
. His father, a devout Jew, had been a small corn- and wine-dealer in Worms, which belonged to the Grand Duchy of Hesse and by Rhine. S. Loeb emigrated to the United States in 1849. He settled in Cincinnati with textiles merchants Kuhn, Netter & Co. He moved to New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
in 1865 and with his partner Abraham Kuhn started the banking house of Kuhn, Loeb and Co.. His second born son James Loeb
James Loeb
James Loeb was a Jewish-German-American banker and philanthropist.He was the second born son of Solomon Loeb and Betty Loeb.James Loeb joined his father at Kuhn, Loeb & Co...
joined the bank in 1888 (and left in 1901). Salomon Loeb gradually retired from running the business, but left Kuhn, Loeb & Co. only in 1899. He then started to work in real estate. He was a generous philanthropist
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...
.
Family
- First wife: Fanny Kuhn, sister of Abraham Kuhn
- Children of the first marriage:
- Therese Loeb, who married Jacob H. Schiff in 1875, their daughter Frieda Schiff married Felix Warburg in 1895.
- Second wife: Betty Gallenberg, from MannheimMannheimMannheim is a city in southwestern Germany. With about 315,000 inhabitants, Mannheim is the second-largest city in the Bundesland of Baden-Württemberg, following the capital city of Stuttgart....
(Germany). A pianist. - Children of the second marriage: Morris, Guta, James and Nina.
- Second wife: Betty Gallenberg, from Mannheim
- Morris Loeb (b. 1863 Cincinnati, d. 1912) professor of chemistry, married Eda Kuhn in 1895, the daughter of Samuel and Regina Wise Kuhn. Samuel Kuhn was a brother of Abraham Kuhn
- Guta Loeb (b. Sept. 5, 1865 New York). She married Isaac N. Seligman, David Seligman's grandson.
- James (Jimmy) LoebJames LoebJames Loeb was a Jewish-German-American banker and philanthropist.He was the second born son of Solomon Loeb and Betty Loeb.James Loeb joined his father at Kuhn, Loeb & Co...
(b. 1867 New York, d. 1933) banker - Nina Loeb (b. 1870 - d. 1945), married Paul WarburgPaul WarburgPaul Moritz Warburg was a German-born American banker and early advocate of the U.S. Federal Reserve system.- Early life :...
in 1895.
See Loeb Family Tree