Tag Archives: New York Stock Exchange

Jews of the Week: Mendes Seixas Family

Gershom Mendes Seixas

Antonio Abraham Mendes Seixas (d. 1738) was born in a small village in Portugal to a family of Conversos (or Marranos), Jews who had been forcibly converted to Christianity but continued to practice their ancestral faith in secret. The Seixas family was made up of physicians, lawyers, and merchants, and were among the most successful in Portugal. Despite this, they were still hounded by the Inquisition, and many were imprisoned or put to death. Abraham Mendes Seixas himself barely escaped the Inquisition, and settled in London with his wife and three kids around 1725. There, the family openly returned to Judaism, and Seixas renewed his marriage vows under a proper chupah in a public ceremony. Seixas quickly rebuilt his wealth and became a prominent member of London’s growing Sephardic community. When he passed away in 1738 he left very little for his only son, Isaac Mendes Seixas (b. 1709) apparently believing he was unfit to run the business. Isaac set forth for a new start in America. The son proved a good businessman, and quickly rose to the highest ranks of the merchant class in the New World. He married Rachel Levy, daughter of the great (former Jew of the WeekMoses Levy, and became an important member of Shearith Israel, one of America’s first synagogues.

Isaac’s son, Gershom Mendes Seixas (1745-1816) was the hazzan of that synagogue, and although not ordained for the role, served as its rabbi. Some say he may have been the first rabbi born in America, while others point out he was the first rabbi to give sermons in English. He was also the first Jew to sit on the board of an American university (Columbia). His good friend of twenty years, and fellow on Columbia’s board, was Alexander Hamilton, one of the Founding Fathers of the United States. It is quite likely that Gershom helped Hamilton in drafting and promoting some of the famous Federalist Papers. Meanwhile, Gershom’s older brother Moses Mendes Seixas (1744-1809) moved to Newport and became one of its richest businessmen. He co-founded the Bank of Rhode Island, and served as president of Touro Synagogue, America’s first (and also to whom George Washington wrote one of his most well-known letters). Meanwhile, younger brother Benjamin Mendes Seixas (1748-1817) was one of the founders of the New York Stock Exchange, and youngest brother Abraham Mendes Seixas (1751-1799) was a decorated officer in the Continental Army during the American Revolution. The entire family was known for their tremendous patriotism and philanthropy.

Did You Know These People Are Jewish, Too?

Words of the Week

For happily the Government of the United States gives to bigotry no sanction, to persecution no assistance, requires only that they who live under its protection should demean themselves as good citizens, in giving it on all occasions their effectual support.
– George Washington, in his 1790 letter to the Touro Synagogue and the Jewish community of Newport.

Jew of the Week: Muriel “Mickie” Siebert

The First Woman of Finance

Muriel Siebert - the First Woman of Finance

Muriel Siebert – the First Woman of Finance

Muriel Faye Siebert (1928-2013) was born to a Jewish family in Ohio. At 22, having dropped out of university, and with just $500 in hand, she moved to New York City. Siebert got a job on Wall Street making $65 a week, and quickly moved up the ranks. Frustrated that she earned only a fraction of what her male colleagues did, she decided to buy her own seat in the New York Stock Exchange (with a price tag of $445,000). After two years of hard effort, during which time she faced severe sexism and anti-Semitism, Siebert became the first woman to do so, and the first woman to own a stock brokerage. She would remain the only such woman for 10 years (among over 1300 males!), and continued throughout to fight for equal rights – not only in salaries and opportunities, but even basic necessities like a ladies bathroom. In 1977, Siebert was appointed New York’s Superintendent of Banks (another first), overseeing over $500 billion in finance. Under her watch, not a single New York bank failed, at a time when a great many others did. From there, Siebert ran for the Senate, but was unsuccessful. She returned to her brokerage and continued working into her old age. Both a feminist and a great philanthropist, Siebert gave millions of dollars to the cause, helping countless women open their own businesses and find success in the world of finance. She served as president of New York Women’s Agenda, developing a popular program called ‘Financial Literacy for Women’ (which was later adopted to New York’s high school curriculum). Siebert was awarded 19 honorary doctorates, and was elected to the National Woman’s Hall of Fame. Sadly, the ‘First Woman of Finance’ passed away last Saturday after a battle with cancer. Click here to see a recent interview with Muriel Siebert.

Words of the Week

In youth, one learns to talk; in maturity, one learns to be silent. This is man’s problem: that he learns to talk before he learns to be silent.
– Rabbi Nachman of Breslav