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Jesse and Joseph Seligman
- from California to Wall Street
Page entitled : Jesse
Seligman in California, Joseph Seligman in Wall Street
Content of this page is about :
Of Jesse Seligman and his astounding success in San Francisco and how the
California gold made the Seligmans money-changers
Extract :
...
Building on this initial
lucky strike, the Seligmans' California operation became so profitable, that
Joseph dispatched brother Henry to San Francisco and closed the Watertown
store. During these years the Seligmans became money changers, as more and
more California bullion made its way East to New York and further to Europe
in Seligman coffers. Joseph Seligman became familiar with the financial
community in New York and abroad and thanks to the steady supply of
California gold he received from Jesse, as well as his own policy to keep
liquidities, the credit of the Seligman brothers stood high in Wall Street. ...
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