Showing posts with label Haym Salomon. Show all posts
Showing posts with label Haym Salomon. Show all posts

Monday, April 6, 2009

Hayim Solomon

The Banker Patriot

We tend to think of the first patriots as a bunch of overtaxed and underrepresented English white guys. They weren't all English, in fact Haym Salomon [Hayim Solomon] was born in 1740 in Leszno/Lissia,Poland. His father was a Rabbi in Poland, who moved there from Portugal.

In 1772 Haym came to New York City. He was a merchant and also a financier. By 1776 he was involved in the move for independence and was imprisoned by the British as a spy. During the course of the Revolution he was almost hanged by the British, had all his property seized and narrowly escaped to Philadelphia where he made another fortune as a merchant, broker and auctioneer.

In 1777 Haym married Rachel Franks. They would ultimately have four children.

Haym managed to keep finances coming to the struggling Continental Army. He loaned a lot of his own funds to the cause. He is considered the financial hero of the Revolution. In 1783, after the war, a fraction of the money was actually repaid.

300px-Haym_Salomon_stamp
1975 postage stamp honoring Haym Salomon.