Solomon Loeb
Solomon Loeb · Economics & Business
Textile merchant who co-founded Kuhn, Loeb & Co. in 1867 with his brother-in-law Abraham Kuhn; the bank financed America's railways and became J.P. Morgan's principal rival.
29 June 1828, Worms, Grand Duchy of Hesse (now Germany) — 12 December 1903, New York City, USA
Cincinnati and New York, USA
Kuhn, Loeb & Co.1867Solomon Loeb is recognized among Jewish contributors to Economics & Business — Textile merchant who co-founded Kuhn, Loeb & Co. in 1867 with his brother-in-law Abraham Kuhn; the bank financed America's railways and became J.P. Morgan's principal rival.
Solomon Loeb was born Salomon Löb in Worms, in the Rhineland; his father, a devout Jew, dealt in corn and wine there. He emigrated to Cincinnati and prospered in textiles, and in 1867 he and his brother-in-law Abraham Kuhn founded Kuhn, Loeb & Co. in New York. Under his son-in-law Jacob Schiff the bank financed the American railways, Western Union and Westinghouse, and became the principal rival of J.P. Morgan & Co. Loeb's daughter Nina married Paul Warburg, who drafted the plan that became the Federal Reserve; his family stands at the centre of what came to be called Our Crowd, the German Jewish banking families of New York.
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Source: https://en.wikipedia.org/wiki/Solomon_Loeb
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Textile merchant who co-founded Kuhn, Loeb & Co. in 1867 with his brother-in-law Abraham Kuhn; the bank financed America's railways and became J.P. Morgan's principal rival.
Source: https://en.wikipedia.org/wiki/Solomon_Loeb
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