Jfesse Seligman died

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Jfesse Seligman died - JESSE SELIGMAN DEAD. New York and London Banker...
JESSE SELIGMAN DEAD. New York and London Banker Passes Away 1b California. Hotel Del Cobokado, CaL, April 24. Jesse Seligman, of the firm of J. and S. Seligman, bankers. New York and London, died here on Monnay morning from pneumonia and Bright's disease. He came to Coronado four days ago direct from New York with his wife and daughter. His condition had become so serious on his arrival that all members of his family were telegraphed for, but he died before their arrival. (Jesse Seligman was the head of one ot the richest and most powerful banking - houses of New York, with ramifications extending over Europe. He was born I in a little Bavarian town in 1827. Bis parents were poor. He came to America when 14 years of age. Joining three elder brothers here in Alabama, where he remained for two years. He saved his earnings and went north and settled In Wster - town. N. Y. When the gold fever broke out in 1849 he Joined the flood of argonauts and was swept to the Pacific coast It was not as a gold - seeker that he went to California, but rather to take advantage of the mercantile opportunities offered by the newly opening country. He was successful from the start, and in a short time amassed a considerable fortune. Publio affairs also obtained much of his interest and time. He was a member of the first citizens' committee, yclept the vigilantes, organized to oppose the mob which terrorized California and later on was a valued member of the famous "committee of forty," to which belonged the credit of wresting San Francisco from the band of political freebooters who had gained control of the lcrml govArnmant. - Mr. Seligman went to New York In 1867. In IBesi, with his brothers he founded the banking house of J. & W. Seligman, which soon acquired an Important position in the commercial and financial world Jesse Seligman was the man who first placed United States bonds In Europe, and during all the dark days ot the rebellion he was a close and confidential adviser of the government In financial affairs. Mr. Seligman used his great wealth to noble ends. He labored constantly in charitable deeds and was closely identified with many public charities. The Hebrew orphan asylum gained much of his attention. He was one of its founders and was president of its board of trustees. MAY BE REVISED.

Clipped from
  1. The Daily Democrat,
  2. 24 Apr 1894, Tue,
  3. Page 1

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