Jacob Schiff

Who was Jacob Schiff?

Jacob Henry Schiff was an American banker, businessman, and philanthropist. He helped finance, among many other things, the Japanese military efforts against Tsarist Russia in the Russo-Japanese War.

Born in Frankfurt, Germany, Schiff migrated to the United States after the American civil war, and joined the firm Kuhn, Loeb & Co. From his base on Wall Street, he was the foremost Jewish leader from 1880 to 1920 in what later became known as the "Schiff era", grappling with all major Jewish issues and problems of the day, including the plight of Russian Jews under the Tsar, American and international anti-semitism, care of needy Jewish immigrants, and the rise of Zionism. He also became the director of many important corporations, including the National City Bank of New York, Equitable Life Assurance Society, Wells Fargo & Company, and the Union Pacific Railroad. In many of his interests he was associated with E.H. Harriman.