The Rothschild, the Austrian House, the late 19th and early 20th century

“Baron Anselm von Rothschild, of the ‘New Trinity’, brought the Austrian House to the close of the 19th century. Anselm lived under the reputation of his father, Salomon, and his uncle, Amschel (with whom he spent a good deal of his time). But he did not necessarily ride their coat tails, he proved his worth, so to speak. His most notable act being the creation Creditanstalt, which destroyed the financial challenger of the Rothschilds, Credit Mobilier. As a young man Anselm was a bit wild and frivolous, so his father sent him away to apprentice. Anselm ended up working under his uncle Amschel in the Frankfort bank (which was doomed to future liquidation). Frankfort mellowed him, and he lived there for 30 years. When his father died in 1855, Anselm returned to Vienna to take his father’s place. He became a very active businessman. Anselm had influence in the Habsburg court. Baron Anselm’s ‘name was inscribed in the Golden Book of the capital and in 1861 he had been made a member of the Imperial House of Lords.’ He also knew how to incur his wrath. One club in Austria refused him membership because he was a Jew. Baron Anselm simply bought a sewage disposable unit and installed it right next to the club. The smell was horrible. The dub then tried to give him a membership card, to mend the problem, but he returned the card doused in perfume and informed them that he would not move his sewage unit. The Rothschilds set off the financial crisis of 1873 in Vienna. S.M. Rothschild and Sohne totally controlled Hungarian finance. And Creditanstalt was the financial powerhouse of the Habsburg realm.

Anselm’s children married on in Vienna after he died in 1874. His eldest son Nathaniel was an aristocrat, who was not interested in banking, only fine art and history. Anselm’s second son had a business inclination and he was chosen to take over Creditanstalt. Baron Albert and Nathaniel were the two richest men in Austria. Baron Albert ‘held controlling interest in innumerable industries ranging from coal to railways, and when, in 1881, he converted the famous six-per-cent Gold Loan to Hungary the bank was recognized as the greatest financial force in the empire.’ Albert was afraid of the common people and he built a mansion whose wails were seven feet high, and on top of that sat another eight feet of iron fencing. Anselm’s second son, Baron Ferdinand, was a member of Prince Edward’s ‘Marlborough Boys.’ He remained in England, becoming a naturalized citizen. ‘Ferdy’, as he was called, was an intellectual socialite. He built an incredibly grandiose mansion named Waddesdon Manor, one of the most awesome of all the Rothschild homes. The Manor was so marvelous that the queen herself paid it a visit. Visitors to its halls ranged from the Empress Frederick to the Shah of Persia. Ferdinand also had a zoo. One of Anselm’s daughters also moved to England – Alice. The unmarried Alice was a very ‘tyrannical’ person. In fact, she even yelled at the queen when she saw her inadvertently trampling a flower-bed. The queen and Alice remained friends, and the queen nicknamed Alice ‘The Al powerful.’ ‘Alice…reigns absolutely,’ wrote a cousin. ‘There is nothing constitutional about this monarchy. No wonder the queen has named her ‘The Al powerful.’

When Ferdinand died Alice received Waddesdon Manor. Head of Austrian House, Albert died in 1911. His son (none of his brothers had any children), Baron Louis became the head of the house. Louis’ brothers, Alphonse and Eugene, were ‘gentlemen of leisure.’ Baron Louis and his two brothers both served in the Austrian army during World War I (the war supposedly split the Vienna House from the French and English Houses, I don’t believe this). The Austrian House’s wealth had to go underground during the war. After the war ended the French and English Houses put the Austrian House back ‘on their feet again.’ Thus a new Austrian House began the 20th century, powerful Albert and suave Baron Louis leading the way.”

Waddesdon Manor
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