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Founding of the banking
house J. & W. Seligman &
Company
Page entitled : Founding
of J. & W. Seligman & Company, private bankers
Content of this page is about :
How Joseph Seligman made Union bond selling his main business during Civil
War and then founded J. & W. Seligman & Company, private bankers
Extract :
...
In 1864, Joseph Seligman
realized his dream and founded the banking house of J. & W. Seligman &
Company in New York. Taking example on the Rothschilds, he then opened
branches in London, Paris, Frankfurt and later New Orleans, keeping also the
one in San Francisco. There he dispatched his brothers : Isaac to London,
William to Paris and Henry to Frankfurt. The younger, Leopold and Abraham,
stayed in San Francisco with instructions to convert the dry goods business
into banking. Joseph and his two principal partners, James and Jesse
Seligman stayed in New York, where they became a power in Wall Street and ...
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