The Warburgs

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The Warburgs Page 104

by Ron Chernow


  3. JRD. Letter from Siegmund Warburg, September 1, 1955.

  4. MMW. Fritz Akten. Paket 3. Siegmund G. Warburg Folder, letter from Siegmund to Fritz Warburg, January 12, 1950.

  5. Ibid., letter from Siegmund to Fritz Warburg, June 24, 1953.

  6. Margaret Anderson, interview with author.

  7. Institutional Investor, March 1980.

  8. The Way It Was, p. 502.

  9. DS. Memo of Siegmund G. Warburg, November 1, 1954.

  10. JRD. Siegmund G. Warburg, “Coordination Plan,” November 30, 1953.

  11. DS. Letter from Siegmund G. Warburg to John Schiff, December 9, 1954.

  12. Ibid., memo by Siegmund G. Warburg, November 2, 1954.

  13. Ibid., letter from Siegmund G. Warburg to John Schiff, December 9, 1954.

  14. Alvin Friedman, interview with author.

  15. Cited in The Times of London, September 21, 1992.

  16. Charles Sharp, letter to the author, November 24, 1992.

  17. MMW. Box 509. Warburg Family Akten, letter from Frederick to Eric Warburg, July 31, 1958.

  18. WW. Series II. B19 F145. Letter to Siegmund G. Warburg, March 9, 1959.

  19. David Schiff, interview with author.

  20. Ibid.

  21. Warburg, As I Recall p. 8.

  22. Wilma Warburg, interview with author.

  23. Alvin Friedman, interview with author.

  24. J. Richardson Dilworth, interview with author.

  25. Anthony Griffin, interview with author.

  26. David Schiff, interview with author.

  27. MMW. EX, letter from Frederick M. Warburg to Eric Warburg, October 16, 1957.

  28. Edward M.M. Warburg, interview with author.

  29. MMW. EX, letters from Siegmund to Eric Warburg, October 16 and 28, 1963.

  30. MMW. Karton 511. Eric Warburg correspondence, letter from Siegmund to Eric Warburg, February 9, 1958.

  31. Ibid.

  32. WW. Series III. B19 F138. Letter from Siegmund G. Warburg, May 17, 1957.

  33. J. Richardson Dilworth, interview with author.

  34. DS. Letter from Siegmund Warburg to John Schiff, April 20, 1958.

  35. Ibid.

  36. DS. Letter from William Wiseman to John Schiff, December 22, 1958.

  CHAPTER 43

  1. Warburg, “Lucie L. Warburg,” p. 13.

  2. Ibid., p. 19.

  3. Elsbeth Oppenheimer, interview with author.

  4. Stephen Lash, interview with author.

  5. Institutional Investor, March 1980.

  6. Dr. Carl Heinz Goldman, interview with author.

  7. John Adams, interview with author.

  8. LBI-HS. Siegmund G. Warburg Correspondence, 1938–1949. Letter from Siegmund G. Warburg, September 11, 1944.

  9. Harry Green, interview with author.

  10. Andrew Smithers, interview with author.

  11. Nathaniel Samuels and Alvin Friedman, interviews with author.

  12. Alvin Friedman, interview with author.

  13. Eddy Lachman, letter to the author, November 15, 1992.

  14. Institutional Investor, March 1980.

  15. Ibid.

  16. Ibid.

  17. Gordon, “Siegmund Warburg,” p. 3.

  18. Institutional Investor, March 1980.

  19. Wechsberg, Merchant Bankers, pp. 180–81.

  20. Carey Reich, interview with author.

  21. Euromoney, September 1987.

  22. MMW. Fritz Akten. Paket 3. Siegmund G. Warburg Folder, letter from Siegmund to Fritz Warburg, January 18, 1950.

  23. Robin Jessel, interview with author.

  24. Stephen Lash, interview with author.

  25. Anthony Griffin, interview with author.

  26. Bernard Kelly, interview with author.

  27. Burney, Dungeon Democracy, p. 109.

  28. John Libby, interview with author.

  29. Roll, Crowded Hours, p. 195.

  30. The New Yorker, April 9, 1966.

  31. Sunday Telegraph, January 25, 1970.

  32. Wechsberg, Merchant Bankers, pp. 178–79.

  33. Dr. Carl Heinz Goldman, interview with author.

  34. MMW Ma XV.

  CHAPTER 44

  1. Peter Spira, interview with author.

  2. Sir Ian Fraser, interview with author.

  3. Robin Jessel, interview with author.

  4. Eddy Lachman, letter to author, November 15, 1992.

  5. Time, April 29, 1966.

  6. Edgar Koerner, interview with author.

  7. David Mitchell, interview with author.

  8. Arthur Winspear, interview with author.

  9. Institutional Investor, March 1980.

  10. Peter Spira, interview with author.

  11. Edgar Koerner, interview with author.

  12. Richard Lutyens, interview with author.

  13. The Economist, December 5, 1987.

  14. James Wolfensohn, interview with author.

  15. Alvin Friedman, interview with author.

  16. Dr. Carl Heinz Goldman, interview with author.

  17. WW. Series III. B19 F139. Letter to Siegmund G. Warburg, August 29, 1957.

  18. Sir William Wiseman Papers. Series III. B19. F143. Note for Sir William Wiseman et al. from Siegmund G. Warburg, September 20, 1958; and letter from Siegmund Warburg to Sir William Wiseman, September 25, 1958.

  19. Michael Verey, interview with author.

  20. Institutional Investor, March 1980.

  21. International Management Digest, March 19, 1959.

  22. Joseph McConnell, interview with author.

  23. WW. Series III. B17 F104. 1959 Kuhn, Loeb memo about the Aluminium battle.

  24. The Economist, January 10, 1959.

  25. The New Statesman, January 10, 1959.

  26. Joseph McConnell, interview with author.

  27. WW. Series III. B19 F145. Letter from Siegmund Warburg, January 17, 1959.

  28. Ibid.

  29. Cited in Financial Times, January 8, 1959.

  30. Roll, “A Gathering of the members …” p. 10.

  31. Business Week, January 17, 1959.

  32. News Chronicle, January 19, 1959.

  33. Financial Times, January 8, 1959.

  34. Michael Verey, interview with author.

  35. Institutional Investor, March 1980.

  36. John Libby, interview with author.

  37. Michael Verey, interview with author.

  38. Ronald Utiger, interview with author.

  39. Institutional Investor, March 1980.

  40. Sunday Telegraph, January 25, 1970.

  CHAPTER 45

  1. Warburg, Zeiten und Gezeiten, pp. 200–201.

  2. The Gazette (Montreal), January 19, 1980.

  3. Bird, The Chairman, p. 480.

  4. Ibid., p. 481. Also Ferencz, Lohn des Grauens, pp. 113–14.

  5. Bird, The Chairman, p. 481.

  6. Ferencz, Lohn des Grauens, p. 154.

  7. Ibid., pp. 155–56.

  8. Ibid., p. 156.

  9. Ibid., p. 198.

  10. Ibid., p. 199.

  11. Johnson, History of the Jews, p. 515.

  12. Ferencz, Lohn des Grauens, p. 200.

  13. Ibid., p. 201.

  14. Ibid., p. 204.

  15. Ibid., p. 205.

  16. Ibid., p. 210.

  17. Ibid., p. 212.

  18. MMW. EX, letter from Eric to Siegmund Warburg, September 7, 1961.

  19. Alvin Friedman, interview with author.

  20. David Mitchell, interview with author.

  21. MMW. EX, letter from Siegmund to Eric Warburg, September 4, 1961.

  22. Ibid., memo of conversation between Eric Warburg and Rudolf Brinckmann, June 20, 1960.

  23. Ibid., letter from Eric Warburg to Rudolf Brinckmann, October 18, 1960.

  24. Ibid., letter from Rudolf Brinckmann to Eric Warburg, November 3, 1960.

  25. Ibid., memo by Eric Warburg of October 11, 1960, meeting with Rudolf Brinck
mann.

  26. Ibid., letter from Siegmund Warburg to Rudolf Brinckmann, March 21, 1960.

  27. Ibid., letter from Siegmund to Eric Warburg, May 30, 1960.

  28. Ibid., letter from Eric to Siegmund Warburg, October 19, 1960.

  29. Ibid., memo by Siegmund Warburg, September 3, 1960.

  30. Edgar Koerner, interview with author.

  31. MMW. EX, letter from Siegmund to Eric Warburg, July 25, 1960.

  32. Ibid., letter from Siegmund to Eric Warburg, January 5, 1961.

  33. Ibid., sketch of a letter from Siegmund Warburg to Rudolf Brinckmann, December 14, 1964.

  34. Ibid., letter from Siegmund to Eric Warburg, January 5, 1961.

  35. Ibid., letter from Siegmund to Eric Warburg, March 29, 1961.

  36. Ibid., memo of meeting of March 20, 1961.

  37. Ibid., Hans Wuttke memo, November 26, 1963.

  38. Financial Times, January 3, 1966.

  39. MMW. EX, letter from Lola Hahn-Warburg to Eric Warburg, November 10, 1960.

  40. Ibid., letter from Siegmund to Eric Warburg, October 7, 1961.

  41. Ibid., memo by Eric Warburg, February 20, 1963.

  42. Ibid., letter from Eric to Siegmund Warburg, July 9, 1963.

  43. Ibid., third draft of letter from Siegmund Warburg to Rudolf Brinckmann and letter from Siegmund to Eric Warburg, July 4, 1963.

  44. Ibid., third draft of a letter from Siegmund G. Warburg to Rudolf Brinckmann, August 4, 1963.

  45. Ibid., letter from Eric to Siegmund Warburg, August 23, 1963.

  46. Ibid., letter from Siegmund to Eric Warburg, November 30, 1964.

  47. Ibid., “Aktennotiz” of November 23, 1964, meeting of Brinckmann, Wirtz & Co. partners.

  48. Alvin Friedman, et al., interviews with author.

  49. Financial Times, January 3, 1966.

  50. The Times of London, January 7, 1970.

  51. A. Joshua Sherman, interview with author.

  52. MMW. M.M. Warburg press release of December 20, 1972.

  53. “In Memoriam Rudolf Brinckmann.”

  CHAPTER 46

  1. WW. Series III. B18 F107, letter from John Schiff, January 13, 1959.

  2. DS. Letter from Siegmund G. Warburg to John Schiff, December 11, 1959.

  3. DS. Memo from Siegmund G. Warburg, June 4, 1962.

  4. Nathaniel Samuels, interview with author.

  5. Financial Times, December 12, 1992.

  6. MMW. EX, letter from Frederick to Eric Warburg, December 3, 1964.

  7. David Mitchell, interview with author.

  8. Carl Hess, interview with author.

  9. John Adams, interview with author.

  10. Ibid.

  11. Carl Hess, interview with author.

  12. Ibid.

  13. Institutional Investor, March 1980.

  14. The Way It Was, p. 496.

  15. Welsh, Uneasy City, p. 44.

  16. Raymond Bonham Carter, interview with author.

  17. Institutional Investor, March 1980.

  18. Peter Spira, interview with author.

  19. John Adams, interview with author.

  20. Alvin Friedman, interview with author.

  21. Gretchen Whitman, interview with author.

  22. Raymond Bonham Carter, interview with author.

  23. Gretchen Whitman, interview with author.

  24. The Times of London, October 1970.

  25. Nathaniel Samuels, interview with author.

  26. Peter Spira, interview with author.

  27. Anthony Körner, interview with author.

  28. David Mitchell, interview with author.

  29. The Times of London, January 1, 1970.

  30. The Statist, July 17, 1964.

  31. MMW Ka IV, letter from Siegmund to Karl Warburg, August 25, 1930.

  32. The Times of London, November 21, 1964.

  33. The Sunday Times of London, October 2, 1966.

  34. Sunday Telegraph, November 18, 1973.

  35. John Adams, interview with author.

  36. Michael Verey, interview with author.

  37. Dr. Carl Heinz Goldman, interview with author.

  38. Roll, “A gathering of the members …” p. 11.

  39. Sharp, “Gloom,” February 1974.

  CHAPTER 47

  1. Institutional Investor, March 1980.

  2. Warburg, “Address given at funeral of Ernest G. Thalmann,” p. 2.

  3. Institutional Investor, March 1980.

  4. Charles Sharp, letter to the author, October 28, 1992.

  5. Geoffrey Elliott, interview with author.

  6. Sharp, “Gloom,” February 1974.

  7. Michael Seligman, interview with author.

  8. Anthony Griffin, interview with author.

  9. Ruth Fleck, interview with author.

  10. Institutional Investor, March 1980.

  11. Dietrich Weismann, interview with author.

  12. Peter Spira, interview with author.

  13. Ibid.

  14. Ibid.

  15. Sunday Telegraph, February 24, 1991.

  16. Ibid.

  17. The Dictionary of National Biography, 1981–1985, p. 410.

  18. Peter Spira, interview with author.

  19. James Wolfensohn, interview with author.

  20. Institutional Investor, March 1980.

  21. Anthony Griffin, interview with author.

  22. Institutional Investor, March 1980.

  23. Business Week, November 23, 1974.

  24. Institutional Investor, March 1980.

  25. Ibid.

  26. The Times of London, February 18, 1978.

  27. Institutional Investor, March 1980.

  CHAPTER 48

  1. Institutional Investor, March 1980.

  2. Moussa, La Roue de la Fortune, p. 176.

  3. Peter Spira, interview with author.

  4. Alvin Friedman, interview with author.

  5. The Way It Was, p. 500.

  6. Wechsberg, Merchant Bankers, pp. 168–69.

  7. Carey Reich, interview with author.

  8. Institutional Investor, March 1980.

  9. Ibid.

  10. Moussa, La Roue de la Fortune, p. 229.

  11. Ibid.

  12. The Times of London, July 3, 1982.

  13. Dr. Carl Heinz Goldman, interview with author.

  14. MMW. Georges Warburg File, letter from Eva Warburg, April 12, 1983.

  15. The Times of London, October 19, 1982.

  16. Financial Times, October 20, 1982.

  17. The Way It Was, p. 501.

  18. Sunday Telegraph, February 24, 1991.

  CHAPTER 49

  1. BW. “Eric Warburg Folder,” letter to Eric Warburg, February 1, 1983.

  2. Gabriele Schiff, interview with author.

  3. Ibid.

  4. Ueckert-Hilbert, Fremd in der Eigenen Stadt, p. 127.

  5. Koelbl, Jüdische Portraits, p. 277.

  6. Farrer, The Warburgs, p. 193.

  7. Ibid.

  8. Koelbl, Jüdische Portraits, p. 274.

  9. Ibid., p. 278.

  10. Lucie Kaye, interview with author.

  11. Eva Mitchell, interview with author.

  12. Ibid.

  13. Marie Warburg, interview with author.

  14. Alison Hahn, interview with author.

  15. Eva Mitchell, interview with author.

  16. Anita Warburg, interview with author.

  17. Ibid.

  18. Spinelli, Erinnerungen, p. 42.

  19. Warburg, The Long Road Home, p. 277.

  20. Warburg, A Book for Jimmy, Jennifer and Philip, p. 100.

  21. Joan Melber Warburg, interview with author.

  22. JW. Box 21. Stevenson, September 1960-May 1965, letter from Adlai Stevenson to John F. Kennedy, December 30, 1960.

  23. MMW. Warburg Family Akten. Box 509, letter from Eric Warburg to Hans Meyer, June 16, 1964.

  24. MMW. EX, letter from Jimmy Warburg to Eric Warburg, July 4, 1963.
r />   25. MMW. Warburg Family Akten. Box 509, letter from Eric Warburg to Hans Meyer, June 16, 1964.

  26. Edward M.M. Warburg, interview with author.

  27. Max Warburg, interview with author.

  28. Ibid.

  29. Manager Magazin (Hamburg), January 1990.

  30. Hamburger Abendblatt, July 11, 1990.

  31. Marie Warburg, interview with author.

  Table of Contents

  About the Author

  Other Books by This Author

  Title Page

  Copyright

  Dedication

  Contents

  Prelude

  Part One : The Emergence of the Warburgs

  1 - The Matriarch

  2 - The Imperial Theme

  Part Two: The Rise of the Mittelweg Warburgs

  3 - Meschugge Max

  4 - Tragicomic Brothers

  5 - The Sage and the Serpents

  6 - Magic Mountain

  7 - A Small Duchy in Westchester

  8 - The King of Steerage

  9 - Secret Furies

  10 - Shy Warrior

  11 - The Endangered German

  12 - Uptown, Downtown

  13 - Iron Cross

  14 - The Collapse

  Part Three: The Fall of the Mittelweg Warburgs

  15 - Phantom Castle, Phantom Peace

  16 - The Murder Exploding Detachment

  17 - The Royal Couple

  18 - A Season in Hell

  19 - The Chemistry of Hate

  20 - Warburg Redux

  21 - Capitalist Collectives

  22 - A Stranger in Paradise

  23 - Account X

  24 - Blue Boys

  25 - The Country Cousin

  26 - Journey into Fear

  27 - New Deal Noodles

  28 - Beat the Devil

  29 - Unseen Menace

  30 - The Closing Doors

  31 - Partition

  32 - The Twilight Dynasty

  33 - Orphans of the Storm

  Part Four: The Wartime Interregnum

  34 - Surreal Saviors

  35 - Deathwatch

  36 - Little Man and Fat Boy

  37 - Charnel House

  Part Five: The Return of the Alsterufer and Mittelweg Warburgs

  38 - The Upstart

  39 - Our Aryan

  40 - Itinerant Preacher

  41 - Museum Pieces

  42 - The Cousins Club

  43 - My Viking

  44 - Enemy of the City

  45 - The Quality of Mercy

  46 - The European

  47 - Fathers and Sons

  48 - Forgotten Gravestone

  49 - A Town of Strangers

  Appendix

 

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