Jacob Schiff

 AZL flag holder TransparentJacob Henry Schiff (born Jakob Heinrich Schiff; January 10, 1847 – September 25, 1920) was a Jewish banker, businessman, and philanthropist. Schiff was born in 1847 in Frankfurt am Main, Germany, to Moses and Clara (née Niederhofheim) Schiff, members of an Ashkenazi Jewish rabbinical family that traced its lineage in Frankfurt back to 1370. His father, Moses Schiff, was a broker for the Rothschild’s. On May 6, 1875, Schiff married Therese Loeb, daughter of Solomon Loeb, and in 1885 became head of Kuhn, Loeb & Company. Walter Görlitz reported in “financiers of power”: “Above all, Leo Bronstein-Trotsky enjoyed the benevolence and also the financial support of those Wall Street tycoons who are in New York the, German Dukes’ called by Jacob Schiff and the owner of the bank Kuhn, Loeb & Co. , bankers of German-Jewish origin. ” In 1913 Schiff founded the Anti-Defamation League (ADL) as a branch of the B’nai B’rith in the United States of America. Schiff was associated with E.H. Harriman in notable contests with James J. Hill and J.P. Morgan & Company for control of several Western railroads. Schiff was elected a director of Wells Fargo in September 1914 to succeed his brother-in-law, Paul Warburg, who had resigned to accept appointment to the original Federal Reserve Board.

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