223:, accepting cotton bales from customers as payment for their merchandise. They eventually began a second business as traders in cotton. The company directly dealt with cotton farmers. Lehman, particularly, presented himself as a friend to the farmers, who believed that the banks only lend money to merchants and middlemen. He bartered with skills that he learned from dealing with farmers in the Bavarian countryside and accepted cotton as payment for borrowed money. Within a few years, this became the major part of their firm. It was described as a very prosperous venture, running a very successful warehouse.
234:. Later, his brothers moved the company's headquarters to New York City, eventually building it into an important American investment bank, which was in operation for over 150 years until its
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In those years, cotton was the most important crop of the
Southern United States. Capitalizing on cotton's extremely high market value around the world, the Lehman brothers became
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Managing for
Success: Spotting Danger Signals - And Fixing Problems Before They Happen
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Cotton
Capitalists: American Jewish Entrepreneurship in the Reconstruction Era
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Die
Lehmanns und die Rimparer Juden: zur Dauerausstellung im Rathaus Rimpar
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Jewish
Americans and Political Participation: A Reference Handbook
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The
Lehmans: From Rimpar to the New World : A Family History
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The Last of the
Imperious Rich: Lehman Brothers, 1844-2008
309:(in German). Königshausen & Neumann. p. 13.
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Lehman was born under the name of Hayum
Lehmann to a
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19:Not to be confused with
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397:Witzel, Morgen (2015).
347:Chapman, Peter (2010).
127:Bertha Lehman Rosenheim
612:Lehman Brothers people
500:Arthur Lehman Goodhart
305:Flade, Roland (1996).
278:Flade, Roland (1999).
230:while travelling in
333:Lehman Brothers.com
202:Montgomery, Alabama
129:Harriet Lehman Weil
57:Kingdom of Bavaria
45:September 29, 1822
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232:New Orleans
81:Nationality
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71:New Orleans
556:Categories
316:3826012739
242:References
190:Franconian
97:Occupation
159:(brother)
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138:Relatives
119:Rosa Wolf
198:Würzburg
192:town of
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100:Merchant
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