Jacob
Schiff was
born in Frankfurt, Germany in 1847.
After being educated in Germany, Schiff emigrated to the United States
in 1865. In 1875 he married the daughter of the successful banker,
Solomon Loeb. He joined Kuhn, Loeb and
Company and took charge of the company in 1885. Together with his
partners, Otto Kahn and Paul
Warburg, he made a great deal of money from financing railroads.
He purchased the Union Pacific Railroad and attempted to gain control
of Northern Pacific. This led to him being criticised by President
Theodore Roosevelt and resulted in
the passing of anti-trust laws. Jacob Schiff
died in New York City on 25th September,
1920.
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