Social Transformations of the Victorian Age: A Survey of Court and CountryEscott, T. H. S. (Thomas Hay Sweet)
History
Social Transformations of the Victorian Age: A Survey of Court and Country
Escott, T. H. S. (Thomas Hay Sweet)
Great Britain -- Civilization -- 19th century; Great Britain -- Social life and customs -- 19th century
In the July of 1836 a pigeon fluttered in through the open window of the
New Court counting house. The bird had travelled from Frankfort; it
brought the news of the death in his native town of the great head of the
firm. Many religious ceremonies of the Hebrew race have, during these
last few years, been converted into great functions of modish society. The
ceremonial series began when the body of the first great Rothschild known
to England, in the presence of the whole Corps Diplomatique attached to
the Court of St James's, was committed to the earth in the East End
cemetery of his race. With that event the latter day history of the
Rothschilds begins. Henceforward the business was to be conducted by
Nathaniel Mayer Rothschild's four sons in England, together with their
uncles abroad. Of these sons Nathaniel settled in France, Lionel, Nathan
Mayer and Anthony managed the English firm. Under the régime of Baron
Lionel Rothschild whom many now living remember well, the first great act
of association with the English Government was in 1847 the Irish Famine
Loan, supplemented as it was by munificent subscriptions for the relief of
the distress which the failure of the potato crop had caused. Seven years
later Baron Lionel carried out the sixteen millions loan for the English
Government. The transaction for which the Lionel administration is best
remembered by the present generation is the advance for the purchase of
the Suez Canal shares in 1876. The announcement of that negotiation by the
Prime Minister of the day in conjunction with his compatriots in the City,
came as a surprise to the English people at large. It has, however, on the
highest authority since transpired that when in 1874 Mr Disraeli took
office, he had already decided upon acquiring for England a preponderating
interest in the international waterway. Nor is it impertinent to assume
that during the Sunday visits which the statesman, as Mr Disraeli and as
Lord Beaconsfield, paid to the suburban home of Baron Lionel, this scheme
may sometimes have been discussed. Four millions was the sum advanced by
New Court, one hundred thousand pounds represented the total of the
Rothschild 2-1/2 per cent. profit.
Public-domain text, read in full here on John Shaqi.
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