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Encyclopedia > Otto Hermann Kahn
Otto Hermann Kahn.
Otto Hermann Kahn.

Otto Hermann Kahn (February 21, 1867 - March 29, 1934) was an investment banker, collector, philanthropist and patron of the arts. Image of Otto Hermann Kahn, scanned from an old photograph, c. ... Image of Otto Hermann Kahn, scanned from an old photograph, c. ... February 21 is the 52nd day of the year in the Gregorian Calendar. ... 1867 (MDCCCLXVII) was a common year starting on Tuesday (see link for calendar). ... March 29 is the 88th day of the year in the Gregorian Calendar (89th in Leap years). ... 1934 (MCMXXXIV) was a common year starting on Monday (link will take you to calendar). ...

Contents

Life and career

Born and raised in Mannheim, in present day Germany, Kahn started working for Deutsche Bank and, in 1888, was sent to their London office. He became a naturalized British citizen, but in 1893 he accepted an offer from Speyer and Company of New York and went to the United States, where he spent the rest of his life. On January 8, 1896, Kahn married Addie Wolff and following the couple's year-long tour of Europe, Kahn joined Kuhn, Loeb & Co. in New York City, where his father-in-law, Abraham Wolff, was a partner. In 1917 Kahn gave up his British citizenship. Mannheim is a city in Germany. ... Deutsche Bank AG NYSE: DB (German for German Bank) is a multinational bank operating worldwide and employing more than 67,500 people (Dec. ... 1888 (MDCCCLXXXVIII) is a leap year starting on Sunday (click on link for calendar) of the Gregorian calendar or a leap year starting on Tuesday of the Julian calendar. ... London (pronounced ) is the capital city of England and the United Kingdom. ... 1893 (MDCCCXCIII) was a common year starting on Sunday (see link for calendar). ... Official language(s) English de facto Capital Albany Largest city New York City Area  Ranked 27th  - Total 54,520 sq mi (141,205 km²)  - Width 285 miles (455 km)  - Length 330 miles (530 km)  - % water 13. ... January 8 is the 8th day of the year in the Gregorian calendar. ... 1896 (MDCCCXCVI) was a leap year starting on Wednesday (see link for calendar). ... European redirects here. ... Kuhn, Loeb and Co. ... Nickname: Big Apple, City that never Sleeps Location in the state of New York Coordinates: Country United States State New York Boroughs Bronx (The Bronx) New York (Manhattan) Queens (Queens) Kings (Brooklyn) Richmond (Staten Island) Mayor Michael Bloomberg (R) Area    - City 1,214. ... 1917 (MCMXVII) was a common year starting on Monday of the Gregorian calendar (see link for calendar) or a common year starting on Tuesday of the 13-day slower Julian calendar. ...


Kahn was a partner in Kuhn, Loeb & Co. with, among others, his father-in-law, Jacob Schiff, himself the son-in-law of Solomon Loeb, who co-founded Kuhn, Loeb & Co., and Paul Warburg. Under Schiff's leadership, and later Kahn's, the firm and its partners were extremely successful financing railroads. Kuhn, Loeb and Co. ... Jacob Schiff (January 10, 1847 – September 25, 1920) was a German-born New York City banker and philanthropist, who financed, among many other things, the Japanese military efforts against Tsarist Russia in the Russo-Japanese War. ... Solomon Loeb (1828-1903) American banker, b. ... Paul Moritz Warburg (August 10, 1868 - January 24, 1932) was a German-American banker and early advocate of the U.S Federal Reserve system. ...


In 1933, the smooth and affable Kahn successfully disarmed antagonism against members of the banking community during four days of testimony before the United States Senate's Pecora Commission hearings into the Wall Street Crash of 1929. The Senate's lead counsel Ferdinand Pecora wrote on page 293 in his 1939 memoir Wall Street Under Oath about Otto Kahn: "No suaver, more fluent, and more diplomatic advocate could be conceived. If anyone could succeed in presenting the customs and functions of the private bankers in a favorable and prepossessing light, it was he." Seal of the U.S. Senate The United States Senate is one of the two chambers of the United States Congress, the other being the House of Representatives. ... The Pecora Commission is the name commonly referred to by the public and the United States Center for Legislative Archives, for the commission established on March 4, 1932 by the United States Senate Banking and Currency Committee with a mandate to investigate the causes of the Wall Street Crash of... To meet Wikipedias quality standards, this article or section may require cleanup. ... Ferdinand Pecora, Time magazine cover June 12, 1933 Ferdinand J. Pecora (January 6, 1882 – December 7, 1971) was an American lawyer and judge who became famous in the 1930s as Chief Counsel to the United States Senate Committee on Banking and Currency. ...


An extremely wealthy financier, Kahn supported artists such as Hart Crane, George Gershwin and Arturo Toscanini. Kahn's initial country estate was in Morristown, New Jersey, but anti-semitism prompted his move to Long Island.[1] Harold Hart Crane (July 21, 1899 in Garrettsville, Ohio, United States – April 27, 1932 at sea) was a U.S. poet. ... George Gershwin (September 26, 1898 – July 11, 1937) was an American composer who wrote most of his vocal and theatrical works in collaboration with his elder brother lyricist Ira Gershwin. ... Arturo Toscanini (March 25, 1867 – January 16, 1957) was an Italian musician. ... Morristown is a Town located in Morris County, New Jersey. ...


In 1919 Kahn, who had assembled a 443 acre (1.8 km²) estate on Long Island, had Oheka Castle built as its centerpiece. At 109,000 square feet, the 126-room Oheka (from Otto Hermann Kahn) was designed as the second largest private residence in the United States (after George Vanderbilt's 175,000 square foot Biltmore Estate in Asheville, North Carolina) by Delano & Aldrich of New York City; its landscaping was designed by Olmstead Brothers, sons of Frederick Law Olmsted of Brookline, Massachusetts (who had also designed Central Park in New York City and the Emerald Necklace of parks around Boston). The property featured a golf course, a working farm, a private airstrip and numerous outbuildings. 1919 (MCMXIX) was a common year starting on Wednesday (see link for calendar). ... Mercator projection of Long Island Long Island is an island in New York, USA. It has an area of 1,377 square miles (3567 km²) and a population of 7. ... Oheka Castle was built between 1914 and 1919 by Otto Kahn, a multimillionaire. ... George Washington Vanderbilt (1839-1864) was an American soldier and member of the prominent Vanderbilt family. ... Biltmore house The Biltmore House is a French Renaissance-style mansion near Asheville, North Carolina, built by George Washington Vanderbilt II between 1888 and 1895. ... William Adams Delano (January 21, 1874 – January 12, 1960) was a prominent American architect most active in New York City and Long Island, known for his wealthy clients and his sense of humor. ... Frederick Law Olmsted, oil painting by John Singer Sargent, 1895, Biltmore Estate, Asheville, North Carolina Frederick Law Olmsted (April 26, 1822 – August 28, 1903) was a United States landscape architect, famous for designing many well-known urban parks, including Central Park and Prospect Park in New York City, the country...   Settled: 1638 â€“ Incorporated: 1705 Zip Code(s): 02445 â€“ Area Code(s): 617 / 857 Official website: http://www. ... A Central Park landscape Central Park ( ) is a large public, urban park (843 acres or 3. ... The Emerald Necklace is a long string of parks in Boston, Massachusetts designed by Frederick Law Olmsted and maintained by the City of Boston and Town of Brookline. ... Nickname: City on the Hill, Beantown, The Hub of the Universe (The State House, according to Oliver Wendell Holmes, is the hub of the Solar System), Athens of America, The Cradle of Revolution Location in Massachusetts, USA Counties Suffolk County Mayor Thomas M. Menino(D) Area    - City 232. ...


Following Kahn's death in 1934, the property was sold to the City of New York City for use as a retreat for sanitation workers and then a government training school for merchant marine radio operators. In 1941 Orson Welles filmed the exterior and gardens to serve as the home of Charles Foster Kane in "Citizen Kane." In the late 1940s, an upscale housing development was constructed and in 1948, Eastern Military Academy (EMA) purchased the mansion and 23 acres around it. By the time school went bankrupt 30 years later, the gardens had been bulldozed, rooms subdivided and paneled walls, painted over. Following the departure of EMA, vandals repeatedly set fire to the building, however, because Kahn had insisted on fireproofing the building, through a concrete, brick and steel structure, the building survived. In 1984 a local developer purchased the estate for $1.5 million and began the largest private renovation project in the United States.


In New York City, following his acquisition of the property at 1 East 91st Street from Andrew Carnegie in 1913, Kahn commissioned J. Armstrong Stenhouse and Cass Gilbert to design his Carnegie Hill mansion. Andrew Carnegie (November 25, 1835 – August 11, 1919) was a Scottish-born American businessman, a major philanthropist, and the founder of the Carnegie Steel Company which later became U.S. Steel. ... Woolworth Building (New York City), was the worlds tallest building at the time it was built, in 1909. ... This mansion is named after the German born investment banker who decided to settle in the United States during World War I. He retained the renowned architectural team of J. Armstrong Stenhouse and C.P. H Gilbert to design the 80-room neo-Italian renaissance building. ...


The home, an 80 room Italian Renaissance-palazzo style mansion, is modeled after the Cancelleria in Rome. Completed in 1918, it served as Kahn's New York City residence until his death at age 67. Shortly thereafter, the house was sold to the Convent of the Sacred Heart, an independent, Catholic girls school. In 1970, the house was designated a landmark by the New York City Landmarks Preservation Committee.


His son, Roger Wolfe Kahn, was a popular jazz musician and band leader of the late 1920s and early 1930s. Otto Kahn's granddaughter (Virginia) Fortune Ryan is wife of the present 13th Earl of Airlie, a former Royal courtier and a Scottish peer (whose younger brother Rt Hon. Sir Angus Ogilvy was married to Princess Alexandra of Kent, a member of the British Royal Family). 1927 Time cover featuring Kahn Roger Wolfe Kahn (October 19, 1907–July 12, 1962) was a Jewish-American jazz and popular musician, composer, and band leader (Roger Wolfe Kahn and His Orchestra). Born in Morristown, New Jersey into a very rich family—his father, Otto Hermann Kahn, was a banker... The title Earl of Airlie was created in the Peerage of Scotland in 1586 for James Ogilvy. ... Sir Angus James Bruce Ogilvy, KCVO (14 September 1928 – 26 December 2004) was a member of the British Royal Family, the husband of Princess Alexandra of Kent, a first cousin of Queen Elizabeth II. Sir Angus is remembered as an astute businessman and for his role in a scandal involving... HRH Princess Alexandra Her Royal Highness Princess Alexandra, The Honourable Lady Ogilvy (Alexandra Helen Elizabeth Olga Christabel Ogilvy, née Windsor), formerly Princess Alexandra of Kent, is a member of the British Royal Family, a granddaughter of King George V. She was married to the late Sir Angus Ogilvy. ...


During the last years of Kahn's life he became increasingly frail and suffered from arteriosclerosis, high blood pressure and attacks of angina pectoria. On March 29, 1934, following lunch in the private dining room of Kuhn, Loeb, Kahn suffered a massive heart attack and died, aged 67. Funeral services were held in the music room of his Long Island estate, followed by a burial in nearby St. John's Memorial Cemetery. Atherosclerosis is a disease affecting the arterial blood vessel. ... angina tonsillaris see tonsillitis. ... March 29 is the 88th day of the year in the Gregorian Calendar (89th in Leap years). ... 1934 (MCMXXXIV) was a common year starting on Monday (link will take you to calendar). ...


Family

Parents

  • Father: Bernhard Kahn (died March 8, 1905, Heidelberg), son of Michael Kahn and Franziska Bar, a German-Jewish banker who participated in the 1848 Revolt, and was condemned to death. He escaped to the United States, was naturalized an American citizen, and then returned ten years later to Germany to court and marry Emma Stephanie Eberstadt, whom he married on the condition that he not return to the United States.
  • Mother: Emma Kahn, nee Emma Stephanie Eberstadt (b. October 29, 1840, Worms - d. June 26, 1906, Berlin); 1st daughter and third child of Ferdinand Eberstadt [[1]] and his wife Sara Zelie Seligmann.

Otto Hermann Kahn was one of eight children (he was the third son and fifth child according to a family genealogy website); his parents married October 17, 1860. March 8 is the 67th day of the year in the Gregorian Calendar (68th in Leap years). ... 1905 (MCMV) was a common year starting on Sunday (see link for calendar). ... A view of the city from the castle (Schloss) The castle (Schloss) above the town Shopping district Heidelberg and the other cities of the Neckar valley View from the so called alley of philosophers (Philosophenweg) towards the Old Town, with Heidelberg Castle, Heiliggeist Church and the Old Bridge Heidelberg is... October 29 is the 302nd day of the year (303rd in leap years) in the Gregorian calendar. ... 1840 is a leap year starting on Wednesday (link will take you to calendar). ... // Worms (pronounced ) is a city in the southwest of Germany. ... June 26 is the 177th day of the year (178th in leap years) in the Gregorian Calendar, with 188 days remaining. ... 1906 (MCMVI) was a common year starting on Monday (see link for calendar). ... Berlin is the capital city and one of the sixteen federal states of Germany. ... October 17 is the 290th day of the year (291st in leap years) in the Gregorian calendar. ... 1860 is the leap year starting on Sunday. ...


Children

All of Otto Kahn's children had issue. July 23 is the 204th day (205th in leap years) of the year in the Gregorian Calendar, with 161 days remaining. ... 1897 (MDCCCXCVII) was a common year starting on Friday (see link for calendar). ... Morristown is a Town located in Morris County, New Jersey. ... For the United States holiday, the Fourth of July, see Independence Day (United States). ... 1904 (MCMIV) was a leap year starting on a Friday (link will take you to calendar). ... 1901 (MCMI) was a common year starting on Tuesday (see link for calendar) of the Gregorian calendar (or a common year starting on Wednesday of the 13-day-slower Julian calendar). ... 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... Morristown is a Town located in Morris County, New Jersey. ... The title Earl of Airlie was created in the Peerage of Scotland in 1586 for James Ogilvy. ... July 18 is the 199th day (200th in leap years) of the year in the Gregorian Calendar, with 166 days remaining. ... 1903 (MCMIII) was a common year starting on Thursday (see link for calendar) of the Gregorian calendar or a common year starting on Friday of the 13-day slower Julian calendar. ... Morristown is a Town located in Morris County, New Jersey. ... December 15 is the 349th day of the year (350th in leap years) in the Gregorian calendar. ... 1975 (MCMLXXV) was a common year starting on Wednesday. ... Old Brookville is a village located in Nassau County, New York. ... Mercator projection of Long Island Long Island is an island in New York, USA. It has an area of 1,377 square miles (3567 km²) and a population of 7. ... 1927 Time cover featuring Kahn Roger Wolfe Kahn (October 19, 1907–July 12, 1962) was a Jewish-American jazz and popular musician, composer, and band leader (Roger Wolfe Kahn and His Orchestra). Born in Morristown, New Jersey into a very rich family—his father, Otto Hermann Kahn, was a banker... October 19 is the 292nd day of the year (293rd in leap years) in the Gregorian calendar. ... 1907 (MCMVII) was a common year starting on Tuesday (see link for calendar) of the Gregorian calendar (or a common year starting on Wednesday of the 13-day-slower Julian calendar). ... Morristown is a Town located in Morris County, New Jersey. ... July 12 is the 193rd day (194th in leap years) of the year in the Gregorian Calendar, with 172 days remaining. ... 1962 (MCMLXII) was a common year starting on Monday (the link is to a full 1962 calendar). ... Nickname: Big Apple, City that never Sleeps Location in the state of New York Coordinates: Country United States State New York Boroughs Bronx (The Bronx) New York (Manhattan) Queens (Queens) Kings (Brooklyn) Richmond (Staten Island) Mayor Michael Bloomberg (R) Area    - City 1,214. ...


Burial Place

[2] St. John's Memorial Cemetery, Laurel Hollow, Cold Spring Harbor, New York Cold Spring Harbor is a hamlet (and census-designated place) in Suffolk County, New York on the North Shore of Long Island. ...


Selected books and speeches by Kahn

  • Of Many Things; Being Reflections and Impressions on International Affairs, Domestic Topics and the Arts (1926) (a compilation of speeches and writings)
  • The Value of Art to the People (1924)
  • The Myth of American Imperialism (1924)
  • Reflections of a Financier - A Study of Economic and Other Problems (1921)
  • Our Economic and Other Problems: A Financier's Point of View (1920)
  • Let Us Reason Together(1919)
  • Taxation: A Letter (1918)
  • Right Above Race (1918)
  • Poison Growth of Prussianism (1918)
  • The Menace of Paternalism (1918)
  • When the Tide Turned (1918)
  • Frenzied Liberty (1918)
  • The Common Cause: Britain's Part in the Great War (1918)
  • Some Comments on War Taxation (1918)
  • The War and Business (1917)
  • Prussianized Germany. Americans of Foreign Descent and America's Cause (1917)
  • Art and the People (1916)
  • Suggestions Concerning the Railroad Problem

Books and Papers about Otto Kahn

  • Collins, Theresa M. Otto Kahn - Art, Money & Modern Time. The University of North Carolina Press, 2002
  • Collins, Theresa M. Introducing Otto H. Kahn
  • King, Robert B. Raising a Fallen Treasure: The Otto H. Kahn Home, Huntington, Long Island. The Mad Printers of Mattituck, 1985
  • Kobler, John. Otto the Magnificent: The Life of Otto Kahn. Charles Scribner's Sons, 1988
  • Matz, Mary Jane. The Many Lives of Otto Kahn. Macmillan Publishing Company, 1963

Quotes

"The deadliest foe of democracy is not autocracy but liberty frenzied. Liberty is not foolproof. For its beneficent working it demands self-restraint, a sane and clear recognition of the practical and attainable, and of the fact that there are laws of nature which are beyond our power to change." (from a speech given at the University of Wisconsin) An Autocracy is a form of government in which unlimited power is held by a single individual. ... Liberty is generally considered a concept of political philosophy and identifies the condition in which an individual has immunity from the arbitrary exercise of authority. ... The University of Wisconsin–Madison is a public university located in Madison, Wisconsin. ...


On business "It has long been our policy and our effort to get our clients, not by chasing after them, not by praising our own wares, but by an attempt to establish a reputation. . . . We have no show window; our only attractiveness is our good name and our reputation for sound advice and integrity. . . . If we do not live up to what they [our clients] believe is our capacity, and to what they believe is the value of our sponsorship, of our trade-mark, they will quit us. And we have no means to prevent them."


External links

Otto Kahn

Kahn's Ancestry and Family

  • Otto Kahn's maternal genealogy Information on his relatives, and some of his descendants.
  • Otto Kahn's parents This page is in German, but provides an alternate date and place of birth for his father.

Long Island Estate

New York City Home

Notes

  1. ^ [ http://www.newsday.com/community/guide/lihistory/ny-history-hs716a,0,7419844.story His Home Was a Castle: Stung by anti-Semitism, Otto Kahn moves to LI and constructs 127 rooms]. Newsday.com. Accessed on 01 October 2006.

  Results from FactBites:
 
Otto H. Kahn Papers (1376 words)
Otto Kahn, international banker, philanthropist, and patron of the arts and music, was born in Mannheim, Germany, on February 21, 1867.
Kahn served as the director of both Equitable Trust Co. of New York and Los Angeles and Salt Lake R. Co., and as the chairman of the Finance and Currency Committee of the Chamber of Commerce of the State of New York.
Kahn was a life-long patron of the arts and music, especially in New York City, and held various positions on the Board of the Metropolitan Opera House for over 25 years.
  More results at FactBites »

 
 

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