Tag Archives: Peru

Jew of the Week: Joseph Seligman

America’s Financier

Seligman

Joseph Seligman

Born in Baiersdorf, Germany, Joseph Seligman (1819-1880) showed a creative entrepreneurial spirit from an early age. As a youth he would earn money by exchanging foreign coins for travellers while working at his family’s goods shop. At 17, Seligman decided to go out on his own, boarding a steamer for America. In Pennsylvania he worked as a cashier for a salary of $400 a year. From his earnings, Seligman started a small business delivering goods to rural farmers, saving them from having to travel to the city. His first $500 in savings was used to ferry over two of his brothers from Germany. After building a successful clothing business, the brothers went into banking, opening branches across Europe and America. Their wealth continued to skyrocket, so much so that during the Civil War Joseph Seligman disposed $200 million in bond loans to allow the war effort to continue. Historians have called this “scarcely less important than the Battle of Gettysburg”. Seligman was later offered the position of Secretary of the Treasury, but turned it down. He would go on to invest heavily in the development of the United States (as well as Russia and Peru), pumping money into railroads, bridges, shipbuilding, steel, oil and mining, even bicycles and communication lines. Together with the Vanderbilt family, Seligman financed much of New York’s public utilities. In one of the country’s most controversial events of the time, Seligman’s family was denied residence at the Grand Union Hotel by Henry Hilton, on the grounds that Jews were not welcome. Of this H.W. Beecher wrote “When I heard of the unnecessary offense that has been cast upon Mr. Seligman, I felt no other person could have been singled out that would have brought home to me the injustice more sensibly than he.”

Words of the Week

Time must be guarded… Every bit of time, every day that passes, is not just a day but a life’s concern.
– Rabbi Menachem Mendel Schneerson, The Lubavitcher Rebbe (Hayom Yom, Cheshvan 17)

Jew of the Week: Francisco Maldonado

Doctor with a Mission

A Scene from the Inquistion

Francisco Maldonado de Silva (1592-1639) Raised as a devout Catholic, de Silva is one of the most famous Marranos in history [Marranos were the Spanish Jews forcibly converted to Christianity by the Inquisition]. His family migrated to Chile where de Silva became a doctor. He learned of his Judaism from his father, took an interest in it and started to learn more. He returned to Judaism wholeheartedly, circumsizing himself with a pair of scissors (relax, he was a doctor). Unfortunately, being Jewish was a crime and de Silva was arrested and thrown in jail for 12 years. He refused to eat their un-kosher food and would fast for 40 days at a time. De Silva was endlessly interrogated by no less than 13 inquisitors. Amazingly, he escaped from his cell after weaving a rope of corn stalks. Instead of running away, he climbed into the adjacent cell and converted two Catholics to Judaism. Tragically, he was burned at the stake with 11 other Jews in Lima, Peru on January 23, 1639.

Words of the Week

“The [Torah] has been a Magna Carta of the poor and of the oppressed; down to the modern times no State has a constitution which the interests of the people are so largely taken into account, in which the duties so much more than the privileges of the rulers are insisted upon, as that drawn up for Israel in Deuteronomy and Leviticus.”

– T.H. Huxley, famous biologist and paleontologist, father of the Huxley dynasty which includes Julian Huxley, Aldous Huxley, Francis Huxley and Andrew Huxley.