Tag Archives: Railroads

Jew of the Week: Isaac Rice

Chess Master, Musician, Submarine Tycoon

Isaac Rice

Isaac Leopold Rice (1850-1915) was born in Bavaria to a German-Jewish family, and grew up in Philadelphia. At 19, he went back to Europe and studied music at the National Conservatory of Paris. At the same time, he was a European correspondent for the Philadelphia Evening Bulletin, and regularly wrote newspaper articles. After three years, Rice briefly moved to England and became a music teacher. He was an avid chess player and won a UK chess championship in Manchester. Rice then moved to New York and wrote his first book, the philosophical “What is Music?” He taught music classes for ten hours a day in order to support his struggling parents and siblings, and spent several more hours composing new music. In 1878 he enrolled in Columbia Law and graduated at the top of his class two years later. Rice worked primarily with railroad companies, and over the next decade became the most famous railroad lawyer in America. Meanwhile, he co-founded Columbia’s school of political science, and taught the subject (along with law and economics) for four years. He also established Forum Magazine, and was a regular contributor for decades. Rice was fascinated by electricity and its potential. In 1892 he bought out the failing Electro-Dynamic Company, producer of motors and generators. He then founded the Electric Vehicle Company, and is thought to be the first person in New York to have a car, bringing another dozen motorized cabs to operate in the city for the first time. In 1897, Rice bought the Electric Storage Battery Company and the Holland Torpedo Boat Company, creating his new Electric Boat Company. Rice secured a contract with the US government to build America’s first submarines (designed by John Philip Holland). He went on to supply the US Navy with 85 submarines and 722 submarine chasers, which were instrumental in World War I, as were his 580 motor boats for the British Royal Navy. Rice sold his Electric Boat Company for $2 million several months before he passed away. His companies later formed General Dynamics, today one of the largest military contractors in the world, employing over 100,000 people, and still the main supplier of the Navy’s submarines. (The company’s most famous creation: the F-16 fighter jet.) Rice continued to play chess and host tournaments until his last days. He is credited with playing a key role in boosting the popularity of chess in America. Rice was president of the Manhattan Chess Club, and discovered a classic opening move of chess that is named after him (the Rice Gambit). His large New York home, which he built in 1903, is an official historical landmark, and currently houses a yeshiva.

Amazing Discovery of Biblical Joseph’s Statue in Egypt

Words of the Week

This is a fight for the homeland – it is either us or the Israelis. There is no middle road. The Jews of Palestine will have to leave. We will facilitate their departure to their former homes. Any of the old Palestine Jewish population who survive may stay, but it is my impression that none of them will survive.
– former PLO chairman Ahmed Shukairy

New York City is famous for its cabs. It all began with a set of motorized cabs, like the Electrobat on the right (designed by Morris and Salom) – first introduced by Isaac Rice.

Jews of the Week: Amschel, Salomon, and Kalman von Rothschild

In honour of Jew of the Week’s 7th birthday this November, we will feature a month-long series on the most famous (and sometimes infamous) Jewish family of all time: the Rothschilds. This is part two of five. Click here to see part one.

The eldest son of Mayer Rothschild was Amschel Rothschild (1773-1855). He continued his father’s business in Frankfurt, and was made a baron in 1817 (becoming “Von Rothschild”). He was the most religious of the brothers, and tremendously helped poor Eastern European Jews, who nicknamed him “the pious Rothschild”. Unfortunately, he died childless, so his Frankfurt branch was taken over by siblings and nephews. The branch was permanently shut down in 1901. Mayer’s second son was Salomon Rothschild (1774-1855), head of the Vienna branch. He played a huge role in Austria’s history, sparking its industrial revolution, igniting the Austrian economy, and financing massive public projects, including Austria’s first railway network. In honour of this, Emperor Francis made him a baron in 1822 (making him Salomon von Rothschild). Ironically, he was still not an Austrian citizen, which Jews were barred from! It was only twenty years later that he was officially made Austria’s first Jewish citizen, paving the way for equal rights for all Jews. Unfortunately, just a few years later, a wave of anti-Semitic riots broke out in Austria, with Rothschild being its main target. He had to hand over his bank, and fled to Paris. Many of the precious artworks that he collected he donated to the Louvre. The Vienna branch of the bank would ultimately be put to an end by the Nazis (having already suffered a devastating blow during the 1929 stock market crash). The Naples branch went under even earlier, during the Italian Reunification. It was founded by Kalman “Carl” Rothschild (1788-1855), the fourth son. He transformed his bank into the dominant financier in Italy, and was also made a baron. One of his clients was the Vatican Bank, and witnesses were shocked that Kalman never kissed the Pope’s feet, which everyone – even kings – had to do in those days when meeting the Pope. Kalman died in the same year as his oldest brothers, perhaps from grief after his wife and son tragically passed away as well. The remaining two sons, in London and Paris, would become the most influential Rothschilds by far, establishing institutions that continue to operate until this day. Their life and achievements will be explored next week. Click here to go to Part Three.

Words of the Week

The Rothschilds are the wonders of modern banking… we see the descendants of Judah, after a persecution of two thousand years, peering above kings, rising higher than emperors, and holding a whole continent in the hollow of their hands…
– Niles’ Weekly Register, Volume 49 (1836)

Rothschild Coat of Arms. Among the interesting symbols is a Star of David at the top left, and a hand holding five arrows, representing the five Rothschild sons, based on Psalm 127: “Like arrows in the hand of a warrior, so are the children of one’s youth.” At the centre of the logo is a red shield (for “Rothschild”) with an image of the “Judenhut”, a hat that Jews were forced to wear in Europe to distinguish them from others.