Jacob Schiff


Jacob Henry Schiff was an American banker, businessman, and philanthropist. He helped finance, among many other things, the Japanese military efforts against Tsarist Russia in the RussoJapanese War.

Schiff was born in 1847 in Frankfurt am Main, Germany, to Moses and Clara Schiff, members of a distinguished Ashkenazi Jewish rabbinical family that traced its lineage in Frankfurt back to 1370. His father, Moses Schiff, was a broker for the Rothschilds. Schiff was educated in the schools of Frankfurt and was first employed in the banking and brokerage business as an apprentice in 1861. After the American Civil War had ended in April, 1865, Schiff came to the United States, arriving in New York City on August 6. He was licensed as a broker on November 21, 1866, and joined the firm of Budge, Schiff amp Company in 1867. He became a naturalized citizen of the United States in September 1870.

Source: Wikipedia


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