Nathaniel Mayer Rothschild, 1st Baron Rothschild, Baron de Rothschild
(8 November 1840 – 31 March 1915) was a British banker and politician from the wealthy international
Rothschild family
The Rothschild family ( , ) is a wealthy Ashkenazi Jewish family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Fr ...
.
Early life
Nathaniel Mayer Rothschild was the eldest son of Austrian Baron
Lionel de Rothschild
Baron Lionel Nathan de Rothschild (22 November 1808 – 3 June 1879) was a British Jewish banker, politician and philanthropist who was a member of the prominent Rothschild banking family of England. He became the first practising Jew to sit ...
(1808–1879) and Baroness
Charlotte von Rothschild
''Freifrau'' Charlotte von Rothschild (13 June 1819 – 13 March 1884) was a German-born British socialite. She was a member of the Rothschild banking family of Naples.
Family
Rothschild was born into the well known Jewish banking family, the ...
(
née
A birth name is the name of a person given upon birth. The term may be applied to the surname, the given name, or the entire name. Where births are required to be officially registered, the entire name entered onto a birth certificate or birth re ...
von Rothschild).
His paternal grandparents were
Freiherr
(; male, abbreviated as ), (; his wife, abbreviated as , literally "free lord" or "free lady") and (, his unmarried daughters and maiden aunts) are designations used as titles of nobility in the German-speaking areas of the Holy Roman Empir ...
''(or Baron)''
Nathan Mayer Rothschild
Nathan Mayer Rothschild (16 September 1777 – 28 July 1836) was an English-German banker, businessman and financier. Born in Frankfurt am Main in Germany, he was the third of the five sons of Gutle (Schnapper) and Mayer Amschel Rothschild, a ...
, after whom he was named, and Hannah (née Barent-Cohen) Rothschild, the daughter of
Levy Barent Cohen
Levy Barent Cohen (1747 – 1808) was a Dutch-born British financier and community worker.
Early life
Levy Barent Cohen was born in Amsterdam in 1747. He was the son of Barent Cohen, a wealthy merchant. The Jewish Encyclopedia, Funk & Wagnalls, ...
. His maternal grandparents were Freiherr
Carl Mayer von Rothschild
Carl Mayer ''Freiherr'' von Rothschild (24 April 1788 – 10 March 1855) was a German-born banker in the Kingdom of the Two Sicilies and the founder of the Rothschild banking family of Naples.
Biography
Born Kalman Mayer Rothschild in Frankfu ...
(1788–1855) and Adelheid Herz (1800–1853). Through both of his grandfathers, who were brothers, he was the great-grandson of
Mayer Amschel Rothschild
Mayer Amschel Rothschild (23 February 1744 – 19 September 1812; also spelled ''Anschel'') was a German-Jewish banker and the founder of the Rothschild banking dynasty. Referred to as a "founding father of international finance", Rothschild ...
(1744–1812), founder of the dynasty.
In his youth, Rothschild was a Captain in the
Buckinghamshire Yeomanry
The Royal Buckinghamshire Yeomanry is an Operational Hygiene Squadron of the Royal Logistic Corps, originally formed as cavalry in 1794, and has also served in artillery and signals roles. The lineage is continued by 710 (Royal Buckinghamshire Hu ...
.
Rothschild was educated at
Trinity College, Cambridge
Trinity College is a constituent college of the University of Cambridge. Founded in 1546 by King Henry VIII, Trinity is one of the largest Cambridge colleges, with the largest financial endowment of any college at either Cambridge or Oxford. ...
, where he was a friend of the
Prince of Wales
Prince of Wales ( cy, Tywysog Cymru, ; la, Princeps Cambriae/Walliae) is a title traditionally given to the heir apparent to the English and later British throne. Prior to the conquest by Edward I in the 13th century, it was used by the rule ...
(later Edward VII), but left without taking a degree.
Career
Rothschild worked as a partner in the London branch of the family bank,
N M Rothschild & Sons
Rothschild & Co is a multinational investment bank and financial services company, and the flagship of the Rothschild banking group controlled by the French and British branches of the Rothschild family.
The banking business of the firm covers th ...
, and became head of the bank after his father's death in 1879. During his tenure, he also maintained its pre-eminent position in private venture finance and in issuing loans to the governments of the US, Russia and Austria. Following the Rothschilds' funding of the
Suez Canal
The Suez Canal ( arz, قَنَاةُ ٱلسُّوَيْسِ, ') is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. The long canal is a popula ...
, a close relationship was maintained with
Benjamin Disraeli
Benjamin Disraeli, 1st Earl of Beaconsfield, (21 December 1804 – 19 April 1881) was a British statesman and Conservative politician who twice served as Prime Minister of the United Kingdom. He played a central role in the creation ...
and affairs in
Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a List of transcontinental countries, transcontinental country spanning the North Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via a land bridg ...
.
Rothschild also funded
Cecil Rhodes
Cecil John Rhodes (5 July 1853 – 26 March 1902) was a British mining magnate and politician in southern Africa who served as Prime Minister of the Cape Colony from 1890 to 1896.
An ardent believer in British imperialism, Rhodes and his Bri ...
in the development of the
British South Africa Company
The British South Africa Company (BSAC or BSACo) was chartered in 1889 following the amalgamation of Cecil Rhodes' Central Search Association and the London-based Exploring Company Ltd, which had originally competed to capitalize on the expect ...
and the
De Beers
De Beers Group is an international corporation that specializes in diamond mining, diamond exploitation, diamond retail, diamond trading and industrial diamond manufacturing sectors. The company is active in open-pit, large-scale alluvial and ...
diamond conglomerate. He later administered Rhodes' estate after Rhodes' death in 1902 and helped to set up the
Rhodes Scholarship
The Rhodes Scholarship is an international postgraduate award for students to study at the University of Oxford, in the United Kingdom.
Established in 1902, it is the oldest graduate scholarship in the world. It is considered among the world' ...
scheme at the
University of Oxford
, mottoeng = The Lord is my light
, established =
, endowment = £6.1 billion (including colleges) (2019)
, budget = £2.145 billion (2019–20)
, chancellor ...
. He was a prominent member of the
Round Table movement
The Round Table movement, founded in 1909, was an association of organisations promoting closer union between Britain and its self-governing colonies.
History of the movement
The Round Table Movement evolved out of Lord Milner's Kindergarten ...
, created in 1909.
A noted philanthropist, Rothschild was heavily involved with the foundation of the
Four Per Cent Industrial Dwellings Company, a
model dwellings company
Model dwellings companies (MDCs) were a group of private companies in Victorian Britain that sought to improve the housing conditions of the working classes by building new homes for them, at the same time receiving a competitive rate of return ...
whose aim was to provide decent housing, predominantly for the Jews of
Spitalfields
Spitalfields is a district in the East End of London and within the London Borough of Tower Hamlets. The area is formed around Commercial Street (on the A1202 London Inner Ring Road) and includes the locale around Brick Lane, Christ Church, ...
and
Whitechapel
Whitechapel is a district in East London and the future administrative centre of the London Borough of Tower Hamlets. It is a part of the East End of London, east of Charing Cross. Part of the historic county of Middlesex, the area formed ...
.
He also served as a trustee of the
London Mosque Fund until his death. From 1889 until his death, he was
Lord Lieutenant of Buckinghamshire
There has been a Lord Lieutenant of Buckinghamshire almost continuously since the position was created by King Henry VIII in 1535. The only exception to this was the English Civil War and English Interregnum between 1643 and 1660 when there was no ...
and was well known as an
agriculturist
An agriculturist, agriculturalist, agrologist, or agronomist (abbreviated as agr.), is a professional in the science, practice, and management of agriculture and agribusiness. It is a regulated profession in Canada, India, the Philippines, the U ...
.
In the
1902 Coronation Honours
The 1902 Coronation Honours were announced on 26 June 1902, the date originally set for the coronation of King Edward VII. The coronation was postponed because the King had been taken ill two days before, but he ordered that the honours list shou ...
list, he was appointed a
Privy Counsellor
The Privy Council (PC), officially His Majesty's Most Honourable Privy Council, is a formal body of advisers to the sovereign of the United Kingdom. Its membership mainly comprises senior politicians who are current or former members of ei ...
and was sworn a member of the council at
Buckingham Palace
Buckingham Palace () is a London royal residence and the administrative headquarters of the monarch of the United Kingdom. Located in the City of Westminster, the palace is often at the centre of state occasions and royal hospitality. It ...
on 11 August 1902. On the same day, he was appointed to the
Royal Victorian Order
The Royal Victorian Order (french: Ordre royal de Victoria) is a dynastic order of knighthood established in 1896 by Queen Victoria. It recognises distinguished personal service to the British monarch, Canadian monarch, Australian monarch, o ...
as a Knight Grand Cross (GCVO).
House of Commons
From 1865 to 1885, Nathan Rothschild sat in the House of Commons as
Liberal
Liberal or liberalism may refer to:
Politics
* a supporter of liberalism
** Liberalism by country
* an adherent of a Liberal Party
* Liberalism (international relations)
* Sexually liberal feminism
* Social liberalism
Arts, entertainment and m ...
Member of Parliament for
Aylesbury
Aylesbury ( ) is the county town of Buckinghamshire, South East England. It is home to the Roald Dahl Children's Gallery, David Tugwell`s house on Watermead and the Waterside Theatre. It is in central Buckinghamshire, midway between High Wy ...
. His father
Lionel had previously been elected for the
City of London
The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London f ...
from 1847 but had been
unable to take the obligatory oath until 1858; they were MPs together from 1865 to 1868 and from 1869 to 1874.
Baron Rothschild
In 1847, his uncle
Anthony Nathan de Rothschild
Sir Anthony Nathan de Rothschild, 1st Baronet (29 May 1810 – 3 January 1876) was a British financier and a member of the prominent Rothschild banking family of England.
Early life
Born in New Court, St Swithin's Lane, in the City of London ...
(1810–1876) was created ''1st
Baronet
A baronet ( or ; abbreviated Bart or Bt) or the female equivalent, a baronetess (, , or ; abbreviation Btss), is the holder of a baronetcy, a hereditary title awarded by the British Crown. The title of baronet is mentioned as early as the 14t ...
de Rothschild'', of
Tring Park
Tring Park is a public open space in Tring, owned by Dacorum Borough Council and managed by the Woodland Trust. It is part of the Chilterns Area of Outstanding Natural Beauty. Half of the is undulating grassland, grazed by cattle. Part of the pa ...
. Since Sir Anthony had no male heirs, the baronetcy passed on his death by special remainder to his nephew Nathan.
In 1885, Rothschild became a member of the
House of Lords
The House of Lords, also known as the House of Peers, is the upper house of the Parliament of the United Kingdom. Membership is by appointment, heredity or official function. Like the House of Commons, it meets in the Palace of Westminst ...
when he was created
Baron Rothschild
Baron Rothschild, of Tring in the County of Hertfordshire, is a title in the Peerage of the United Kingdom. It was created in 1885 for Sir Nathan Rothschild, 2nd Baronet, a member of the Rothschild banking family. He was the first Jewish memb ...
, of
Tring
Tring is a market town and civil parish in the Borough of Dacorum, Hertfordshire, England. It is situated in a gap passing through the Chiltern Hills, classed as an Area of Outstanding Natural Beauty, from Central London. Tring is linked to ...
in the
County of Hertford
Hertfordshire ( or ; often abbreviated Herts) is one of the home counties in southern England. It borders Bedfordshire and Cambridgeshire to the north, Essex to the east, Greater London to the south, and Buckinghamshire to the west. For govern ...
, in the
Peerage of the United Kingdom
The Peerage of the United Kingdom is one of the five Peerages in the United Kingdom. It comprises most peerages created in the United Kingdom of Great Britain and Ireland after the Acts of Union in 1801, when it replaced the Peerage of Great ...
. He also was Baron de Rothschild (''
Freiherr
(; male, abbreviated as ), (; his wife, abbreviated as , literally "free lord" or "free lady") and (, his unmarried daughters and maiden aunts) are designations used as titles of nobility in the German-speaking areas of the Holy Roman Empir ...
von Rothschild'') in the
Austrian Empire
The Austrian Empire (german: link=no, Kaiserthum Oesterreich, modern spelling , ) was a Central- Eastern European multinational great power from 1804 to 1867, created by proclamation out of the realms of the Habsburgs. During its existence, ...
, a noble title he had inherited via his father. In 1838,
Queen Victoria
Victoria (Alexandrina Victoria; 24 May 1819 – 22 January 1901) was Queen of the United Kingdom of Great Britain and Ireland from 20 June 1837 until her death in 1901. Her reign of 63 years and 216 days was longer than that of any previ ...
had authorized the use of this Austrian title in the United Kingdom.
[
When he was raised to the peerage by ]Gladstone
William Ewart Gladstone ( ; 29 December 1809 – 19 May 1898) was a British statesman and Liberal politician. In a career lasting over 60 years, he served for 12 years as Prime Minister of the United Kingdom, spread over four non-cons ...
, Rothschild was the first Jewish member of the House of Lords not to have previously converted to Christianity. (Disraeli had been created Earl of Beaconsfield
Earl of Beaconsfield, of Hughenden in the County of Buckingham, was a title in the Peerage of the United Kingdom. It was created in 1876 for Prime Minister Benjamin Disraeli, a favourite of Queen Victoria. Victoria favoured Disraeli's Tory poli ...
in 1876, but was baptised into Anglicanism at age twelve).
In common with the rest of his family, Rothschild joined the breakaway Liberal Unionist Party
The Liberal Unionist Party was a British political party that was formed in 1886 by a faction that broke away from the Liberal Party. Led by Lord Hartington (later the Duke of Devonshire) and Joseph Chamberlain, the party established a political ...
, formed in 1886 by Joseph Chamberlain
Joseph Chamberlain (8 July 1836 – 2 July 1914) was a British statesman who was first a radical Liberal, then a Liberal Unionist after opposing home rule for Ireland, and eventually served as a leading imperialist in coalition with the C ...
, which ultimately merged into the Conservative Party
The Conservative Party is a name used by many political parties around the world. These political parties are generally right-wing though their exact ideologies can range from center-right to far-right.
Political parties called The Conservative P ...
.
In 1909, he was famously derided by then Chancellor of the Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, the Ch ...
, David Lloyd George
David Lloyd George, 1st Earl Lloyd-George of Dwyfor, (17 January 1863 – 26 March 1945) was Prime Minister of the United Kingdom from 1916 to 1922. He was a Liberal Party (United Kingdom), Liberal Party politician from Wales, known for lea ...
, over his opposition to the People's Budget
The 1909/1910 People's Budget was a proposal of the Liberal government that introduced unprecedented taxes on the lands and incomes of Britain's wealthy to fund new social welfare programmes. It passed the House of Commons in 1909 but was blo ...
, when the latter said, at a meeting at the Holborn Restaurant on 24June that year: "I really think we are having too much Lord Rothschild. Are we to have all ways of reform, financial and social, blocked, simply by a notice-board; 'No Thoroughfare. By Order of Nathaniel Rothschild'?" Rothschild recommended the Lords reject the Parliament Bill, which was, however, passed.
In 1914, after the outbreak of World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was List of wars and anthropogenic disasters by death toll, one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, ...
, Rothschild was consulted for economic advice by Lloyd George. At his first invitation to confer at the Treasury, when asked what could be done to raise more money for the war effort, Rothschild reportedly answered: "Tax the rich, and tax them heavily."
Personal life
On 16 April 1867, he married Emma Louise von Rothschild (1844–1935), a double first cousin (i.e., they shared both sets of grandparents) from the Rothschild banking family of Germany in Frankfurt
Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on it ...
. They had three children:
* Lionel Walter Rothschild
Lionel Walter Rothschild, 2nd Baron Rothschild, Baron de Rothschild, (8 February 1868 – 27 August 1937) was a British banker, politician, zoologist and soldier, who was a member of the Rothschild family. As a Zionist leader, he was present ...
(1868–1937), who never married but had two mistresses, one of whom bore him a daughter.[Hannah Rothschild, "The Butterfly Effect"]
, pages 18-21.
* Evelina Rothschild-Behrens (1873–1947)
* Charles Rothschild, Nathaniel Charles Rothschild (1877–1923), who married Rózsika Edle von Wertheimstein (1870–1940)
He died in London, five days after an operation, on 31 March 1915 and was buried at Willesden Jewish Cemetery
The Willesden United Synagogue Cemetery, usually known as Willesden Jewish Cemetery, is a Jewish cemetery at Beaconsfield Road, Willesden, in the London Borough of Brent, England. It opened in 1873 on a site. It has been described as the ...
. Following his death, the peerage was inherited by his son, Lionel Walter Rothschild
Lionel Walter Rothschild, 2nd Baron Rothschild, Baron de Rothschild, (8 February 1868 – 27 August 1937) was a British banker, politician, zoologist and soldier, who was a member of the Rothschild family. As a Zionist leader, he was present ...
.
See also
* History of the Jews in England
The history of the Jews in England goes back to the reign of William the Conqueror. Although it is likely that there had been some Jewish presence in the Roman period, there is no definitive evidence, and no reason to suppose that there was an ...
* Rothschild banking family of England
The Rothschild banking family of England was founded in (1798) by Nathan Mayer von Rothschild (1777–1836) who first settled in Manchester but then moved to London (at the time in the Kingdom of Great Britain). Nathan was sent there from his ...
References
Sources
*
*
*
External links
*
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*
{{DEFAULTSORT:Rothschild, Nathan Mayer
1840 births
1915 deaths
Alumni of Trinity College, Cambridge
British Ashkenazi Jews
British bankers
Burials at Willesden Jewish Cemetery
English Jews
English people of German-Jewish descent
Jewish British politicians
Knights Grand Cross of the Royal Victorian Order
Liberal Party (UK) MPs for English constituencies
Lord-Lieutenants of Buckinghamshire
Members of the Privy Council of the United Kingdom
Royal Buckinghamshire Yeomanry officers
UK MPs 1865–1868
UK MPs 1868–1874
UK MPs 1874–1880
UK MPs 1880–1885
Nathan Mayer
1
Peers of the United Kingdom created by Queen Victoria
19th-century British businesspeople