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Towers of Gold

How One Jewish Immigrant Named Isaias Hellman Created California

ebook
1 of 1 copy available
1 of 1 copy available

Isaias Hellman, a Jewish immigrant, arrived in California in 1859 with very little money in his pocket and his brother Herman by his side. By the time he died, he had effectively transformed Los Angeles into the modern metropolis we see today. In Frances Dinkelspiel's groundbreaking history, the early days of California are seen through the life of a man who started out as a simple store owner only to become California's premier money-man of the late 19th and early 20th century. Growing up as a young immigrant, Hellman quickly learned the use to which "capital" could be put, founding LA's Farmers and Merchants Bank, that city's first successful bank, and transforming Wells Fargo into one of the West's biggest financial institutions. He invested money with Henry Huntington to build trolley lines, lent Edward Doheney the funds that led him to discover California's huge oil reserves, and assisted Harrison Gary Otis in acquiring full ownership of the Los Angeles Times. Hellman led the building of Los Angeles' first synagogue, the Wilshire Boulevard Temple, helped start the University of Southern California and served as Regent of the University of California. His influence, however, was not limited to Los Angeles. He controlled the California wine industry for almost twenty years and, after San Francisco's devastating 1906 earthquake and fire, calmed the financial markets there in order to help that great city rise from the ashes. With all of these accomplishments, Isaias Hellman almost single-handedly brought California into modernity. Ripe with great historical events that filled the early days of California such as the Gold Rush and the San Francisco earthquake, Towers of Gold brings to life the transformation of California from a frontier society whose economy was driven by the barter of hides and exchange of gold dust into a vibrant state with the strongest economy in the nation.

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  • Reviews

    • Publisher's Weekly

      January 11, 2010
      Fox weaves a colorful tale of ancient Cherokee legends, magic, and the beings known as the Immortals, the creators of the world. Years after the events of 2009’s Zadayi Red
      , Shonan is chief of his people and refuses to allow his family to use magic, which he blames for a great loss. But his son, Aku, inherited his mother’s shape-shifting ability and longs to use it. Just as he begins to learn his power, he encounters a violent tribe called the Brown Leaf People and is forced on a quest to the Darkening Land, the underworld, to save his sister and father with the help of his great-grandmother and unusual companions. Readers who like plenty of introspection to accompany their spell casting will enjoy this exploration of Cherokee lore combined with a classic coming-of-age narrative.

    • Booklist

      October 15, 2008
      Hellman was Californias premier financier in the late nineteenth and early twentieth centuries, a man whose financial acumen catapulted the state into the modern era and laid the groundwork for one of the worlds most dynamic economies. Bankers such as Hellman were the men who smoothed the rough edges of the economy. They offered credit and invested in companies. Dinkelspiel, Hellmans great-great-granddaughter, positsthat during financial panicswhich happened about every10 years in the nineteenth centurybankers provided stability. Hellman was both a builder and financier, a major investor and promoter of eight industries that shaped Californiabanking, transportation, education, land development, water, electricity, oil, and wine. At the height of his power, at the end of the first decade of the twentieth century, he controlled more than $100 million in capital, equivalent to $38 billion in 2006.(Reprinted with permission of Booklist, copyright 2008, American Library Association.)

    • Library Journal

      October 15, 2008
      Journalist Dinkelspiel has filled a notable gap in California's history by writing a much-needed biography of her remarkable great-great grandfather Isaias Wolf Hellman (18421920). As one of California's pioneer financiers and an advocate of modern banking methods, Hellman became founder, president, or director of 17 banks, including Wells Fargo Bank, Nevada Bank of San Francisco, and the Farmers and Merchants Bank. He is attributed with stabilizing the financial panic of 1893 in Los Angeles by stacking $500,000 worth of gold coins on the counter of the Farmers and Merchants Bank in plain public view, hence the title of this book. The author personalizes Hellman's life by recounting his emigration from Bavaria to California in 1859 and comparing the vastly different social acceptance of Jews in those places. Many details of his family history are provided, along with insights into his relations with a broad swath of other early legendary California business families. Recommended for public and academic libraries with interests in early California financial and Judaic history.Nathan E. Bender, Univ. of Idaho Lib., Moscow

      Copyright 2008 Library Journal, LLC Used with permission.

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