Nathan Rothschild, 1st Baron Rothschild

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Early life

Template:See also Nathaniel Mayer Rothschild was the eldest son of Baron Lionel de Rothschild and Baroness Charlotte von Rothschild (née von Rothschild). His paternal grandparents were Nathan Mayer Rothschild, after whom he was named, and Hannah Barent-Cohen, daughter of Levy Barent Cohen. His maternal grandparents were Carl Mayer von Rothschild and Adelheid Herz. Through both of his grandfathers, who were brothers, he was the great-grandson of Mayer Amschel Rothschild, founder of the dynasty.

In his youth, Rothschild was a Captain in the Buckinghamshire Yeomanry.<ref>Template:Cite book</ref> He was educated at Trinity College, Cambridge,<ref>Template:Acad</ref> where he was a friend of the Prince of Wales (later Edward VII), but left without taking a degree.

Career

Rothschild worked as a partner in the London branch of the family bank, N M Rothschild & Sons, and became head of the bank after his father's death in 1879. During his tenure, he also maintained its pre-eminent position in private venture finance and in issuing loans to the governments of the US, Russia and Austria. Following the Rothschilds' funding of the Suez Canal, a close relationship was maintained with Benjamin Disraeli and affairs in Egypt.

Rothschild also funded Cecil Rhodes in the development of the British South Africa Company and the De Beers diamond conglomerate. He later administered Rhodes' estate after Rhodes' death in 1902 and helped to set up the Rhodes Scholarship scheme at the University of Oxford. He was a prominent member of the Round Table movement, created in 1909.

A noted philanthropist, Rothschild was heavily involved with the foundation of the Four Per Cent Industrial Dwellings Company, a model dwellings company whose aim was to provide decent housing, predominantly for the Jews of Spitalfields and Whitechapel.<ref>Template:Cite book</ref> He also served as a trustee of the London Mosque Fund until his death.<ref>East London Mosque & London Muslim Centre. History display at their premises at 46–92 Whitechapel Road, London as seen on 28 April 2011.</ref> From 1889 until his death, he was Lord Lieutenant of Buckinghamshire and was well known as an agriculturist.<ref name="eb" />

In the 1902 Coronation Honours list,<ref>Template:Cite news</ref> he was appointed a Privy Counsellor and was sworn a member of the council at Buckingham Palace on 11 August 1902.<ref>Template:London Gazette</ref> On the same day, he was appointed to the Royal Victorian Order as a Knight Grand Cross (GCVO).<ref>Template:Cite news</ref><ref>Template:London Gazette</ref>

House of Commons

From 1865 to 1885, Nathan Rothschild sat in the House of Commons as Liberal Member of Parliament for Aylesbury. His father Lionel had previously been elected for the City of London from 1847 but had been unable to take the obligatory oath until 1858; they were MPs together from 1865 to 1868 and from 1869 to 1874.

Baron Rothschild

In 1847, his uncle Anthony de Rothschild was made a baronet in the Baronetage of the United Kingdom.<ref>Template:London Gazette</ref> Since Sir Anthony had no male heirs, upon his death, the baronetcy passed by special remainder to his nephew Nathan.

In 1885, Rothschild became a member of the House of Lords when he was created Baron Rothschild, of Tring in the County of Hertford, in the Peerage of the United Kingdom.<ref>Template:London Gazette</ref> He was also a hereditary Freiherr (baron) of the Austrian Empire, a noble title that he had inherited via his father.<ref name=baronetage/> In 1838, Queen Victoria had authorized the use of this Austrian title in the United Kingdom.<ref name=BSI/>

When he was raised to the peerage by Gladstone,<ref name="eb">Template:Cite EB1922</ref> Rothschild was the first Jewish member of the House of Lords not to have previously converted to Christianity. (Disraeli had been created Earl of Beaconsfield in 1876, but he was baptised into Anglicanism at age twelve.)

In common with the rest of his family, Rothschild joined the breakaway Liberal Unionist Party, formed in 1886 by Joseph Chamberlain, which ultimately merged into the Conservative Party.Template:Sfn

In 1909, he was famously derided by David Lloyd George, then Chancellor of the Exchequer, over his opposition to the People's Budget, when the latter said, at a meeting at the Holborn Restaurant on 24Template:NbspJune that year: "I really think we are having too much Lord Rothschild. Are we to have all ways of reform, financial and social, blocked, simply by a notice-board; 'No Thoroughfare. By Order of Nathaniel Rothschild'?"Template:Sfn Rothschild recommended the Lords reject the Parliament Bill, which was, however, passed.Template:Sfn

In 1914, after the outbreak of World War I, Rothschild was consulted for economic advice by Lloyd George. At his first invitation to confer at the Treasury, when asked what could be done to raise more money for the war effort, Rothschild reportedly answered: "Tax the rich, and tax them heavily."Template:Sfn

Personal life

Emma Louise von Rothschild in 1902
Portrait of his daughter, Evelina, by Philip de László, 1911

On 16 April 1867, he married Emma Louise von Rothschild, a double first cousin (i.e., they shared both sets of grandparents) from the Rothschild banking family of Germany in Frankfurt.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> They had three children:

He died in London, five days after an operation, on 31 March 1915 and was buried at Willesden Jewish Cemetery.Template:Sfn Following his death, the peerage was inherited by his son, Lionel Walter Rothschild.

See also

References

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Sources

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