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Haym Solomon

Haym Solomon

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Haym Solomon (or Salomon) (1740– January 6, 1785) was a Polish Jew who immigrated to New York
New York
New York is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts and Vermont to the east...

 during the period of the American Revolution
American Revolution
The American Revolution is the political upheaval during the last half of the 18th century in which thirteen of Britain's colonies in North America at first rejected the governance of the Parliament of Great Britain, and later the British monarchy itself, to become the sovereign United States of...

, and who became a prime financier of the American side during the American Revolutionary War
American Revolutionary War
The American Revolutionary War , also sometimes known as the American War of Independence, began as a war between the Kingdom of Great Britain and thirteen united former British colonies in North America, and concluded in a global war between several European great powers...

 against Great Britain
Great Britain
Great Britain is an island lying to the northwest of Continental Europe. It is the ninth largest island in the world, and the largest European island. With a population of about 59.6 million people, it is the third most populated island on Earth. Great Britain is surrounded by over 1000 smaller...

.

Early years


The son of a rabbi
Rabbi
Rabbi is the term in Judaism for a religious teacher. The word rabbi derives from the Hebrew root word , rav, which in biblical Hebrew means ‘great’ in many senses, including "revered." The word comes from the Semitic root R-B-B, and is cognate to Arabic ربّ rabb, meaning "lord" Rabbi ' onMouseout='HidePop("10390")' href="http://www.absoluteastronomy.com/topics/Leszno">Leszno
Leszno
Leszno , German Lissa, is a town in central Poland with 63,955 habitants ....

 (Lissa), Poland
Poland
Poland , officially the Republic of Poland , is a country in Central Europe . Poland is bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...

. In the 1760s, he journeyed throughout western Europe, during which time he acquired a knowledge of finance as well as fluency in several languages. He returned to Poland in 1770 but left two years later during the Partitions of Poland. After traveling to England, Solomon immigrated to New York City
New York City
New York is the most populous city in the United States, and the center of the New York metropolitan area, which is among the most populous urban areas in the world. A leading global city, New York exerts a powerful influence over worldwide commerce, finance, culture, fashion and entertainment...

 in 1775, where he established himself as a financial broker
Broker
A broker is a party that mediates between a buyer and a seller. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent: one who acts on behalf of a principal. A "brokerage" or a "brokerage firm" is a business that acts as a broker. A brokerage firm...

 for merchants engaged in overseas trade.

Revolutionary activity


Sympathizing with the Patriot
Patriot (American Revolution)
Patriots was the name the colonists of the British Thirteen United Colonies who rebelled against British control during the American Revolution called themselves. It was their leading figures who, in July 1776, declared the United States of America an independent nation...

 cause, Solomon joined the New York branch of the Sons of Liberty
Sons of Liberty
The Sons of Liberty was a secret organization of American patriots which originated in the Thirteen Colonies during the American Revolution. British authorities and their supporters, known as Loyalists, considered the Sons of Liberty as seditious rebels, referring to them as "Sons of Violence" and...

. In September 1776, he was arrested as a spy
SPY
SPY may refer to: * SPY , ticker symbol for Standard & Poor's Depositary Receipts* SPY , a satirical monthly, trademarked all-caps* SPY , airport code for San Pédro, Côte d'Ivoire* SPY , a U.S...

 but the British pardoned him in order to use his abilities as an interpreter for their Hessian mercenaries. Solomon used his position to help prisoners of the British escape and encouraged the Hessians to desert the war effort. In 1778 Solomon was arrested again and sentenced to death, but he managed to escape, whereupon he made his way with his family to the rebel capital in Philadelphia.

Once resettled, Solomon resumed his activities as a broker. He became the agent to the French consul
Consul (representative)
The title Consul is used for the official representatives of the government of one state in the territory of another, normally acting to assist and protect the citizens of the consul's own country, and to facilitate trade and friendship between the people of the country to whom he or she is...

, as well as the paymaster
Paymaster
A paymaster is, and must be, a lawyer A paymaster is, and must be, a lawyer A paymaster is, and must be, a lawyer (also known as a 'lawyer paymaster'. When dealing with commission payments on contracts dealing with large amounts of money (such as Oil, Gas, Steel, Iron, Gold, MTN's, VG's, T-Strips,...

 for the French forces in North America. In 1781, he began working extensively with Robert Morris, the newly appointed Superintendent for Finance for the Thirteen Colonies
Thirteen Colonies
The Thirteen Colonies were part of what became known as British America, a name that was used by Great Britain until the Treaty of Paris recognized the independence of the original thirteen United States of America in 1783...

. Often working out of the "London Coffee House" in Philadelphia, Solomon sold about $600,000 in Bills of Exchange to his clients, netting about 2.5% per sale. During this period he had to turn to Morris for help when one sale of over $50,000 nearly sent him to prison. Morris used his position and influence to sue the defrauder and saved Solomon from default and disaster.

Solomon negotiated the sale of a majority of the war aid from France
France
France , officially the French Republic , is a country located in Western Europe, with several overseas islands and territories located on other continents. Metropolitan France extends from the Mediterranean Sea to the English Channel and the North Sea, and from the Rhine to the Atlantic Ocean...

 and Holland
Holland
Rotterdam
The Hague
Haarlem
Dordrecht |} Holland is a name in common usage given to a region in the western part of the Netherlands. The name 'Holland' is also often informally used to refer to the whole of the country of the Netherlands...

, selling bills of exchange to American merchants. Solomon also personally supported various members of the Continental Congress
Continental Congress
The Continental Congress was a convention of delegates from the Thirteen Colonies that became the governing body of the United States during the American Revolution...

 during their stay in Philadelphia, including James Madison
James Madison
James Madison was an American politician and political philosopher who served as the fourth President of the United States , and was one of the Founding Fathers of the United States....

 and James Wilson
James Wilson
James Wilson , was a Scottish lawyer, most notable as a signer of the United States Declaration of Independence...

. Acting as the patriot he was, he requested below market interest rates, and he never asked for repayment.

Personal life


In July 1777, Solomon married Rachael Franks, the daughter of Moses Franks, of a prominent colonial period Jewish family that included loyalist and revolutionary sympathizers. Their first child, a boy named Ezekiel, was born in New York in the summer of 1778; later, in Philadelphia, they had two daughters, Sarah and Deborah. Rachel Salomon bore her fourth child three months after her husband's death and named the baby Haym M. Solomon.

Activity in Jewish community


Solomon was involved in Jewish community affairs, being a member of Congregation Mikveh Israel in Philadelphia, and in 1782, made the largest individual contribution towards the construction of its main building. In 1783, Solomon was among the prominent Jews involved in the successful effort to have the Pennsylvania Council of Censors remove the religious test oath required for office-holding under the State Constitution. In 1784, he answered anti-Semitic slander in the press by stating: "I am a Jew; it is my own nation; I do not despair that we shall obtain every other privilege that we aspire to enjoy along with our fellow-citizens."

Death and debts



After a solid career in Philadelphia, he saw opportunity in a different state. Former client Robert Morris
Robert Morris
Robert Morris may refer to:* Robert Morris , financier of the American Revolution and signatory of three important founding documents of the United States* Robert Morris , contemporary artist...

 tried to help him establish himself in New York. He died shortly after he had decided to move back to city and become an auctioneer there.

His obituary in the Independent Gazetteer read, "Thursday, last, expired, after a lingering illness, Mr. Haym Solomon, an eminent broker of this city, was a native of Poland, and of the Hebrew nation. He was remarkable for his skill and integrity in his profession, and for his generous and humane deportment. His remains were yesterday deposited in the burial ground of the synagogue of this city."

The gravesite of Haym Solomon Mikveh Israel Cemetery
Mikveh Israel Cemetery
Mikveh Israel Cemetery is the oldest Jewish cemetery in Philadelphia, Pennsylvania, although the oldest in the United States is the Second Cemetery of the Congregation Shearith Israel in New York...

 is located in the 800-block of Spruce Street in Philadelphia. Though unmarked, there are two plaque memorials. The east wall has a marble tablet that was installed by his great-grandson, William Solomon, and a granite memorial is set inside the cemetery gate. In 1980, the Haym Solomon Lodge #663 of the fraternal organization B'rith Sholom
B'rith Sholom
The Independent Order Brith Sholom is a Jewish fraternal organization, principally active in the early 20th Century. It was founded in 1905 as a fraternal organization and was headquartered in Philadelphia, Pennsylvania...

sponsored a memorial in the Mikvah Israel Cemetery on the north side of Spruce Street between 8th and 9th Streets in Philadelphia. A blue ribbon panel and committee, including Robert S. Whitman, Sidney Bruskin and Marvin Abrams, all lodge past presidents, arranged for the renovation of the walls and walkways of the cemetery. They then arranged for and oversaw the installation of a large, engraved memorial marker of Barre Granite just inside the cemetery gates, inscribed "An American Patriot".

When Solomon died, it was discovered he had been speculating in various currencies and debt instruments. His family sold them at market rates, which had greatly depreciated because of the weakened state of the American economy in the 1780s. Subsequent generations misunderstood his truly patriotic actions and appealed to Congress for more money, but were turned down twice. A myth grew that he had lent the young United States government about $600,000, and at his death about $400,000 of this amount had not been repaid. This sum was added to what he had actually lent to statesmen and others while performing public duties and trusts. Jacob Rader Marcus
Jacob Rader Marcus
Jacob Rader Marcus was a scholar of Jewish history and a Reform rabbi. Born in New Haven, Pennsylvania, United States, into a traditional Jewish family, Marcus became interested in Reform Judaism at the age of 15. At that time, he travelled to Hebrew Union College , in Cincinnati, Ohio, to begin...

 wrote in Early American Jewry that the sum owed to Solomon was $800,000. That amount in 1785 is equivalent in today's purchasing power to about $40 billion (using relative share of GDP which indicates purchasing power) in 2005 US dollars.

Myths and historical legends


It is said that during the American Revolution, Solomon went to France and raised an additional £3.5 million from the Sassoon
Sassoon
Sassoon may refer to:*Sassoon Other uses:* Sassoon Eskell , Iraqi statesman and financier* Sassoon * David Sassoon Library, in Mumbai, India* Sassoon Docks, in Mumbai, India* Sassoon Road, in Hong Kong...

 and Rothschild
Rothschild family
The Rothschild family is an international dynasty of German Jewish origin that established worldwide banking and finance operations and was ennobled by Austria and the United Kingdom.-Origins:...

 banking houses and families. However, David Sassoon had not been born yet, and would later start up his counting house in Bombay, India, not France. Likewise, the Rothschild family had not set up a bank in France yet either. At the time of the Revolutionary war, the Rothschild's patriarch, Mayer Amschel Rothschild
Mayer Amschel Rothschild
Mayer Amschel Rothschild was the founder of the Rothschild family international banking dynasty that became one of the most successful business families in history. In 2005, he was ranked 7th on the Forbes magazine list of "The Twenty Most Influential Businessmen Of All Time"...

, founder of the banking dynasty, was still in Hesse-Kassel
Hesse-Kassel
The Landgraviate of Hessen-Kassel or Hesse-Cassel was a reichsfreie principality of the Holy Roman Empire that came into existence when the Landgraviate of Hesse was divided in 1567 upon the death of Philip I, Landgrave of Hesse. His eldest son William IV inherited the northern half and the...

 (Hesse-Cassel), loyally serving its prince, Wilhelm IX, who aided the British against the Americans by supplying England with his Hessian mercenaries.

Solomon spoke eight languages Supposedly, when he was in France, he passed himself off as a French diplomat. Unfortunately, it does not conform to known fact. It is true his co-religionist, David Franks
David Franks
David Salisbury Franks was aide-de-camp for General Benedict Arnold during the American War of Independence.He was living in Quebec with his parents when the American Revolution broke out...

, did help Adams negotiate loans from Holland. However, there is nothing in the record to show that Solomon himself went to Europe for this purpose.

Solomon is sometimes alleged to have written the first draft of the United States Constitution
United States Constitution
The Constitution of the United States of America is the supreme law of the United States. It is the foundation and source of the legal authority underlying the existence of the United States of America and the federal government of the United States...

but the Philadelphia Convention
Philadelphia Convention
The Philadelphia Convention took place from May 25 to September 17, 1787, in Philadelphia, Pennsylvania, to address problems in governing the United States of America, which had been operating under the Articles of...

 occurred after his death. Others have claimed that he designed The Great Seal of the United States and that he included the Star of David
Star of David
The Star of David or Shield of David is a generally recognized symbol of Jewish identity and Judaism.It is named after King David of ancient Israel; and its earliest...

, a Jewish symbol, above the eagle
Bald Eagle
The Bald Eagle is a bird of prey found in North America that is most recognizable as the national bird and symbol of the United States of America. This sea eagle has two known sub-species and forms a species pair with the White-tailed Eagle. Its range includes most of Canada and Alaska, all of the...

's head. There is no documentary evidence to support this claim.

Honors, testimonials and memorials


In 1893, a bill was presented before the 52nd United States Congress
United States Congress
The United States Congress is the bicameral legislature of the federal government of the United States of America, consisting of two houses, the Senate and the House of Representatives. Both senators and representatives are chosen through direct election....

 ordering a gold medal be struck in recognition of Solomon's contributions to the United States.

In 1941, the writer Howard Fast
Howard Fast
Howard Melvin Fast was a Jewish American novelist and television writer, who wrote also under the pen names E. V. Cunningham and Walter Ericson.-Early life:Fast was born in New York City...

 wrote a book Haym Salomon, Son of Liberty
Haym Salomon, Son of Liberty
Haym Salomon, Son of Liberty is a historical novel written in 1941 by Howard Fast. The novel is about Haym Salomon, a major financier to the American cause during the American Revolution....

. That same year the George Washington-Robert Morris-Haym Solomon Memorial by Lorado Taft
Lorado Taft
Lorado Zadoc Taft was an American sculptor, writer and educator. Taft was born in Elmwood, Illinois in 1860 and died in his home studio in Chicago in 1936.-Early years and education:...

 was erected along Wacker Drive
Wacker Drive
Wacker Drive is a major street in Chicago, Illinois, United States, running along the south side of the main branch and the east side of the south branch of the Chicago River...

 in downtown Chicago
Chicago
Chicago is the largest city in the U.S. state of Illinois, and with more than 2.8 million people, the 3rd largest city in the United States...

.

In 1975 the United States Postal Service
United States Postal Service
The United States Postal Service is an independent agency of the United States government responsible for providing postal service in the United States. It is one of the few government agencies explicitly authorized by the United States Constitution. Within the United States, it is commonly...

 issued a commemorative stamp
Commemorative stamp
A commemorative stamp is a postage stamp issued to honor or commemorate a place, event or person. Most postal services of the world issue several of these each year, often holding first day of issue ceremonies at locations connected with the subjects...

 honoring Haym Saloman for his contributions to the cause of the American Revolution. This stamp, like others in the "Contributors to the Cause" series, was printed on the front and the back. On the glue side of the stamp, the following words were printed in pale, green ink:
"Financial Hero—Businessman and broker Haym Solomon was responsible for raising most of the money needed to finance the American Revolution and later to save the new nation from collapse." The Congressional Record of March 25, 1975 reads, "When Morris was appointed Superintendent of Finance, he turned to Solomon for help in raising the money needed to carry on the war and later to save the emerging nation from financial collapse. Solomon advanced direct loans to the government and also gave generously of his own resources to pay the salaries of government officials and army officers. With frequent entries of 'I sent for Haym Solomon,' Morris' diary for the years 1781–84 records some 75 transactions between the two men."


In 1939, Warner Brothers released Sons of Liberty, a short film starring Claude Rains
Claude Rains
Claude Rains was an English stage and film actor whose career spanned 47 years; he later held American citizenship. He was known for many roles in Hollywood films, among them The Invisible Man, the corrupt senator in Mr...

as Solomon. Hollywood film producer John C. W. Shoop, under direction of MorningStar Pictures, is currently in production of a story of the life and times of Haym Salomon called On The Money.

Children's books


HAYM SALOMON: American Patriot, by Susan Goldman Rubin, illustrated by David Slonim. ISBN 0-8109-1087-X (Abrams Books, NY, 2007, ISBN 978-0-8109-1087-4).

External links