- Salomon, Haym
-
born 1740, Lissa, Pol.died Jan. 6, 1785, Philadelphia, Pa., U.S.American patriot and financier.Forced to flee Poland for his revolutionary activities, he arrived in New York in 1772 and soon became a successful merchant and financier. A supporter of the patriot cause in the American Revolution, he was arrested and imprisoned by the British. In 1778 he escaped to Philadelphia, where he opened a brokerage office. He made loans in excess of $600,000 to help finance the new government, extended interest-free private loans to James Madison, Thomas Jefferson, James Monroe, and others, and obtained French loans to the American government.
* * *
▪ American financier and patriotborn 1740, Lissa, Pol.died Jan. 6, 1785, PhiladelphiaU.S. patriot who was a principal financier of the fledgling American republic and a founder of the first Philadelphia synagogue, Mikvah Israel.In 1772, probably because of his revolutionary activities for Polish liberty, Salomon fled to New York City, where he established himself as a commission merchant. He soon became a successful financier and supported the patriotic cause on the outbreak of the American Revolution. In 1776 the British, who controlled New York City, arrested Salomon; exposure suffered in prison later contributed to his early death. He was paroled but was arrested again in 1778 on more serious charges; he escaped and went to Philadelphia. There he established a brokerage office and acted without salary as the financial agent of the French, doing all in his power to facilitate the Franco-American Alliance.Among his many other contributions to the Colonies, Salomon subscribed heavily to government loans, endorsed notes, gave generously to soldiers, and equipped several military units with his own money. Robert Morris (Morris, Robert), the superintendent of finance from 1781 to 1784, appointed Salomon as broker to his office. Morris records in his diary that between 1781 and 1784 Salomon lent more than $200,000. In addition, he made private loans to prominent statesmen such as James Madison, Thomas Jefferson, and James Monroe, from whom he would not take interest. In all, the government owed Salomon more than $600,000. Generations of his descendants tried in vain to collect some portion of these loans, which had helped to impoverish Salomon in his last years.* * *
Universalium. 2010.
