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Authors: Niall Ferguson

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15
Rothschild, Garton and Rothschild,
Rothschild gardens,
pp. 148ff. The offer was refused.
16
I am grateful to Miriam Rothschild for this information.
17
33 rue du Faubourg St Honoré was acquired by the Cercle de l‘Union Interalliée in 1920; two years later the house in the rue Berryer was given to the state; and the villa Ephrussi on the Riviera was left to the Académie des Beaux Arts in 1934.
18
Anthony’s daughters Annie and Constance died in 1926 and 1931; Natty’s widow Emma in 1935; and Leo’s widow Marie in 1937.
19
According to Bower, he went so far as to stuff a bundle of Ultra documents through the Soviet embassy’s letter-box.
20
The fact that the government explicitly denied that Victor Rothschild was the “fifth man” in 1986 did not prevent an entire book being written in 1994 insisting—on the basis of wholly circumstantial evidence—that he was. To some extent, Victor’s dabbling in the Byzantine internal politics of MI5—in particular, his relationship with Peter Wright—was to blame for encouraging this notion. As Victor discovered while at the CPRS, Wright firmly believed that the former director-general of MI5, Roger Hollis, had been a Soviet agent. (Victor also knew of Wright’s involvement in the MI5 attempt to smear Harold Wilson and other Labour politicians as communists after 1974.) When speculation began about his own role following the exposure of his friend Anthony Blunt in 1979, Victor rashly turned to Wright, now living in embittered retirement in Australia. In the belief that the allegations against Hollis would distract attention from himself, Victor encouraged Wright to collaborate with Chapman Pincher on the book
Their trade is treachery
(1981). This backfired badly when, five years later, Wright decided to publish his own book
Spycatcher
in defiance of the British government. The ensuing trial brought Victor more unwelcome publicity. In a final effort to clear his name, Victor wrote a letter to the
Daily Telegraph
in which he demanded public exoneration from the head of M15. Mrs Thatcher’s response, though formally sufficient, was frosty in its tone—reflecting her reluctance to comment on intelligence matters: “I am informed that we have no evidence that he was ever a Soviet agent.”
21
The phrase derived from the fact that only the 200 largest shareholders in the Banque de France could vote at its General Assembly.
22
They were the Clementine Interdenominational Girls’ Hospital at Bornheimer Landwehr; the Baron Carl von Rothschild public library; the Anselm Salomon von Rothschild Foundation for the Arts and the Old People’s Home for Jewish Gentlewomen named after Wilhelm Carl and Mathilde.
23
The Grüneburg house was destroyed by bombs in 1944, but the house at Königstein survived.
24
This was a complex operation for two reasons: first, the other major shareholders, the Gutmanns, had to be bought out; second, the transfer had to be made indirectly via Swiss and Dutch institutions to avoid possible confiscation by the British government in the event of a future war.
25
Anthony became appeal chairman in 1939 as well as being chairman of the Emigration Planning Committee for Refugees. He, Lionel and Jimmy were also on the appeal committee of the Council for German Jewry set up in 1936.
26
Victor had experienced at first hand the English version of anti-Semitism: at Harrow he remembered being called a “dirty little Jew,” and in 1934 (when he was twenty-four) he had been refused membership of a “road house” and country club in Barnet on religious grounds.
27
The second sentence did not appear in the official minutes, but was reported in the press.
28
For example, Edouard was incensed when, following the recovery of Algeria in 1942, the Free French General Giraud failed to restore the Crémieux legislation granting citizenship to the Algerian Jews.
29
The proceeds supposedly went to French war orphans.
EPILOGUE
1
I am grateful to Sir John Plumb for this reference.
2
Jimmy had been one of those who donated £5,000 towards the purchase of the cash-strapped Churchill’s house at Chartwell in 1946 to allow the Premier to go on living there.
3
Construction on the Churchill Falls did not begin until 1966; but in 1974, just three years after the plant had been opened, a new government in Newfoundland decided on nationalisation, paying Brinco $160 million in compensation (compared with total construction costs of $1 billion).
4
Anthony gave Palace House at Newmarket to the Jockey Club in 1944 and Ascott to the National Trust in 1950; Jimmy left Waddesdon to the National Trust in 1957; Mentmore and its contents were sold in 1977 and Tring is now a school run by the Arts Education Trust. In France, the villa Rothschild in Cannes passed out of family hands, as did the house at Boulogne, the châteaux des Fontaines, de la Muette and de Laversine, and the houses in the rue Saint-Florentin and the rue du Faubourg-Saint-Honoré.
5
Siegmund Warburg had proposed such a merger to Edmund as early as 1955.
6
Other examples from this period included the former chairman of the Electricity Council, Sir Francis Tombs, who became a non-executive director in 1980, and the former Under-Secretary for Trade, lain Sproat, who joined N. M. Rothschild as a consultant after losing his seat in the 1983 election.
7
N. M. Rothschild paid $9.2 million for a 9.9 per cent shareholding in Smith Brothers and $7 million for a 51 per cent stake in what became Smith New Court—in all, an investment of around £10 million. Big Bang ended the strict separation of banks, brokers (who dealt with the public) and jobbers (who executed transactions on the stock exchange).
8
Clients included Sir James Goldsmith, the Reichmann brothers’ Olympia & York and the Hanson Trust—not to mention Robert Maxwell, whose campaign to acquire an American publishing house Pirie backed, earning fees worth $17 million in the process. When Maxwell died in 1991, leaving a legacy of peculation and towering debt, it was N. M. Rothschild which was called in to investigate his books and arrange the sale of his heirs’ 54 per cent stake in Mirror Group Newspapers.
9
It had at least symbolic significance that many of the French family’s most treasured houses, including Ferrières, were disposed of in this period. The house in the rue du Monceau was destroyed; 23 avenue de Marigny was sold to the state in 1975; Ferrières was given to the Sorbonne in 1975; Sans-Souci, Gou- vieux, was sold in 1977 and is now a hotel, as is the abbaye des Vaux-de-Cernay; the château d’Armain villiers was sold in the 1980s to the King of Morocco.
10
The others are Schröders, Flemings and Lazards.
INDEX
Abdul Aziz, Sultan
Abdul Mejid, Sultan
Aberdeen, Lord
ABN AMRO
Acton, Lord
Acton, Sir John
Addresses to Young Children
(Charlotte Rothschild)
Adelaide, Princess of Hohenlohe
Adler, Hermann
Adler, Nathan Marcus
Afghanistan
A la recherche du temps perdu
(Proust)
Albert of Saxe-Coburg-Gotha, Prince Consort of England
Alexander, David
Alexander, King of Bulgaria
Alexander 11, Tsar of Russia
Alexander III, Tsar of Russia
Alexandra, Queen Consort
Alfonso, Prince of Asturia
Alfred, Prince of England
Algeciras conference (1906)
Aliens Act (1905)
Allgemeine Zeitung des Judenthums
Alliance Assurance company
Almadén mines
Alsace
Amadeo, King of Spain
Amalgamation Committee
American-Canadian International Nickel Company
Amersham International
Amex International
Ampthill, Lord
Amsterdam Overseas
Anaconda Mining Company
Andrássy, Count
Angell, Norman
Anglican Church
Anglo-African Diamond Mining Company
Anglo-American Corporation
Anglo-Austrian Bank
Anglo-Egyptian Bank
Anglo-Jewish Association, Conjoint Foreign Committee of
anti-Semitism
Bismarck and
in criticism of Rothschilds
in Franco-Prussian War
revocation of citizenship rights and
in revolution of 1848,
Rothschild response to
Zionism and
see also specific countries
Apponyi, Count
Arabi Pasha
Arab League
Arabs
Argent‘
(Zola)
Argentina
Barings crisis and
armaments
Arnold, Matthew
Artisans’ and Labourers’ Dwellings Improvement Act (1875)
Asher, Asher
Ashley, Lord (later Earl of Shaftesbury)
Asiatic Petroleum Co.
Asquith, Herbert
Aumale, duc d‘
Australia
Austria
Anselm’s takeover in
anti-Semitism in
bonds of
Crimean War and
French relations with
Holstein and
interwar
Italian unification and
Landau initiative and
military expenditures of
National Bank of
Nazism in
Piedmont vs.
Prussian relations with Z2
public expenditures of
railways in
Rothschild relations with aristocracy in
Russian relations with
Salomon’s relations with
in Triple Entente
in war of 1866,
Austria-Hungary
bonds of
Eastern Question and
isolation of
military expenditures of
railroads in
in Three Emperors League
in Triple Alliance
Austrian Creditanstalt
Committee Ayer, J.
Bagehot, Walter
Bahia and San Francisco Railway Company
Balcarres, David Lindsay, Earl of
Balfour, Arthur
Natty’s relationship with >
Balfour Declaration (1917)
Balkans
crisis of 1875-78 in
railroads in
Balzac, Honoré de
Banco de Brasil
Bank of England , §
Barings crisis and
Suez Canal and
bank failures
Bank of International Settlements
Bank of London
Bank of the United States
Banque Austro-Ottomane
Banque de France
Barings crisis and
Franco-Prussian War and
Banque de Paris
Banque Nationale
Banque Ottomaine (later Imperial Ottoman Bank)
Banque Privée
Banque Rothschild
Baring, Cecil
Baring, Edward,
see
Revelstoke, Edward Baring, Lord
Baring, Evelyn,
see
Cromer, Evelyn Baring, Lord
Baring, John
Baring, Robert
Baring, Thomas
Baring Brothers
crisis of
Rothschilds compared with
Baring Estate Co.
Bark.
Baron Vampire
(Charnace)
Bartholony (railway financier)
Battersea, Constance Rothschild Flower, Lady
Jewish identity of
marriage of
party politics and
philanthropy of
on revolutions
World War I and
Battersea, Cyril Flower, Lord
Batum Oil Refining and Trading Company (BNITO)
Bauer, Max
Bauqué, Armand-Louis
Beach, Sir Michael Hicks
Bechuanaland Exploration Company
Becke, Baron
Beerbohm, Max
Beit, Alfred
Belgian Congo
Belgium
agents in
Franco-Prussian War and
in Latin Monetary Union
neutrality of
railways in
Bell, Charles Moberly
Belmont, August
Benedetti, Comte Vincente
Benn, Tony
Bentinck, Lord George;
Bergman (Ferrières estate manager)
Berlin, Treaty of (1878)
Berliner Handelsgesellschafr
Berthier, Alexandre, prince de Wagram
Berthier, Bertha Clara Rothschild
Bethmann, Moritz
Beust, Count Friedrich Ferdinand von
Bigart, Jacques
Billing, Noel Pemberton
Bineau, Jean
Biotechnology Investment
Bishopsgate Growth
Bismarck, Herbert von
Bismarck, Otto von
alliances in diplomacy of
Amschel as viewed by
anti-Semitism and
Crimean War and
Eastern Question and
in fall from power
finances of
Franco-Prussian War and
German unification and
James and
Rumanian Jews and
Spanish succession issue and
war of 1866 and
Bismarck and Rothschild
(Bauer)
Bixio, Alexandre
Björkö meeting (1905)
Blanqui, Auguste
Bleichröder, Gerson
Bismarck and .
death of
Franco-Prussian War and
Bloch, Ivan
Blum, Julius
Blunt, Wilfrid Scawen
BNOC (Britoil)
Board of Deputies
Board of Guardians for the Relief of the Jewish Poor

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