History of the Jews in America: From the Period of the Discovery of the New World to the Present TimeWiernik, Peter
History
History of the Jews in America: From the Period of the Discovery of the New World to the Present Time
Wiernik, Peter
Jews -- America -- History; Jews -- United States -- History
There was one, however, who gave more than all of them together, who
gave away practically all he possessed, and neither he nor his rightful
heirs ever recovered the large debts which the new nation owed to him.
This man was Haym Salomon (b. in Lissa, Poland, now a part of Prussia,
in 1740; d. in Philadelphia, Jan. 6, 1785). He probably traveled
extensively before coming to America, because he could speak German,
French and Italian, besides Polish and Russian, an accomplishment which
could hardly have been acquired by a Jew in Poland in that period.
He settled in New York, and there married Rachel, a daughter of Moses
B. Franks (a brother of Jacob Franks). He was arrested by the British
as an American spy soon after they occupied New York in September,
1776, and was kept in confinement for a considerable period. When his
linguistic proficiency became known he was turned over to the Hessian
General, Heister, who gave him an appointment in the commissariat
department. He used the greater liberty which was now accorded him to
be of service to the French and American prisoners, and to assist a
number of them to effect their escape. On August 11, 1778, he escaped
from New York and settled in Philadelphia. He soon became a prominent
exchange broker, and did considerable business with Robert Morris
(1734–1806), the financier of the American Revolution,[16] who was
Superintendent of Finance for the colonies in 1781–84. He also became
broker to the French consul and the treasurer of the French army which
came to assist Washington, and fiscal agent to the French minister to
the United States, Chevalier de la Luzerne. In these capacities large
sums passed through his hands and he became the principal individual
depositor of the Bank of North America, which was founded by Morris.
The latter, who kept a diary, mentions in it nearly seventy-five
separate transactions in which Salomon’s name figures in the
negotiations of bills of exchange, by which means the credit of the
government was maintained in this period; Salomon practically being
the sole agent employed by Morris for this purpose. Most of the money
advanced by Louis XVI. to the cause of the Revolution and the proceeds
of the loans negotiated in Holland passed through his hands.
Public-domain text, read in full here on John Shaqi.
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