Otto Hermann Kahn
| Otto Hermann Kahn | |
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| Born |
February 21, 1867 Mannheim, Germany |
| Died | March 29, 1934 (aged 67) New York City, United States |
| Occupation | Banker |
| Employer | Kuhn, Loeb & Co. |
| Spouse(s) | Addie Wolff |
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Otto Hermann Kahn (February 21, 1867 – March 29, 1934) was a German-born investment banker, collector, philanthropist, and patron of the arts.
Otto was born on February 21, 1867 in Mannheim, Germany, and raised there, by his Jewish parents, Emma (née Eberstadt) and Bernard Kahn. His father had been among the refugees to the United States after the revolution of 1848 and had become an American citizen, but later returned to Germany. Kahn was educated in a gymnasium in Mannheim.
Kahn's ambition was to be a musician, and he learned to play several instruments before he graduated from the gymnasium, but he was one of eight children, and his father had set plans for the career of each one. Kahn he destined to be a banker. At 17, Kahn was placed in a bank at Karlsruhe as a junior clerk, where he remained for three years, advancing until he was thoroughly grounded in the intricacies of finance. He then served for a year in the Kaiser's hussars.
On leaving the army he went to the London agency of Deutsche Bank, where he remained five years. He displayed such unusual talents that he became second in command when he had been there but a comparatively short time. The English mode of life, both political and social, appealed to him, and eventually he became a naturalized British subject.
In 1893, he accepted an offer from Speyer and Company of New York and went to the United States, where he spent the rest of his life. On January 8, 1896, Kahn married Addie Wolff and following the couple's year-long tour of Europe, Kahn joined Kuhn, Loeb & Co. in New York City, where his father-in-law, Abraham Wolff, was a partner. In 1917, Kahn gave up his British nationality and became a United States citizen.
Besides his father-in-law, Kahn's other partners included Jacob Schiff, himself the son-in-law of Solomon Loeb, who co-founded the firm, and Paul and Felix Warburg. Almost immediately, Kahn was thrown into contact with railroad builder E. H. Harriman. In spite of sharply defined differences in temperament and method, they became as brothers. In opposition to Harriman's gruff, domineering, aggressive manner in business, was Kahn's calm, good-humored, almost gentle deportment. Kahn, although only 30 years old, took an almost equal part with Harriman in the gigantic task of reorganizing the Union Pacific Railroad, a work which in its early stages had been handled by Schiff. Kahn proved his ability to analyze mathematically and scientifically the problems that were constantly presented.
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