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Schiff, Jacob H., Mrs.

American, late 19th - early 20th century.

Biography

Mrs. Schiff's married Jacob in 1875. Jacob Schiff [b.1847, d.1920] was a celebrated financier, and was able to parlay his father-in-law's fortune into a gigantic enterprise. One of his most well known accomplishments was the formation of the Northern Securities Co., a holding company into which Edward H. Harriman, Kuhn, Loes (Mrs. Schiff's father), James J. Hill, and J.P. Morgan had placed their stock holdings in the Great Northern, Northern Pacific, and Chicago, Burlingotn, and Quincy railroads. This combine was dissolved in 1902 as a result of Roosevelt's anti-trust legislation. Among many other ventures, Shiff arranged financing for the construction of railroads in Mexico, secured $200 million for the Japanese in 1904 in their war against the Russians, and participated actively in the American banking consortium in China. Schiff was an imigrant from Germany and maintained unyielding support for the International, as well as the American, Jewish community throughout his life. [Taken from Encyclopedia of American Biography, see below].

A sale of the Schiff art collection took place on 7-9 December, 1933 at the American Art Association, Anderson Galleries, New York.

Bibliography

1929
Adler, Cyrus. Jacob H. Schiff: His Life and Letters. New York, 1929.

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