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Centenary of Alliance Assurance Founded by Rothschild and Montefiore

The Jewish Telegraphic Agency has received from the Alliance Assurance Company, Ltd., which was founded in 1824, a copy of its centenary book written by Sir William Schooling, reviewing the history and work of the company during the hundred years of its existence.

The origin of the company is stated to have been the result of a casual meeting between Sir Moses Montefiore and Nathan Mayer Rothschild. They invited the participation of Samuel Gurney and influential members of the Society of Friends together with John Irving and Francis Baring who occupied leading positions in the sphere of banking and finance. Their actuary was one of the best mathematicians of the day, Benjamin Gompertz, a recognized authority on questions of mortality and probability and a brother-in-law of Sir Moses Montefiore.

Nathan Mayer Rothschild was at least in the initial stages the leading spirit of the enterprise. In 1810, Wellington made some drafts which the English government could not meet. Rothschild came to the support of the English government. From that time onward the Allies were largely financed in their fight against Napoleon by the House of Rothschild. In due course, he became financial agent of nearly every civilized country although persistently declining contracts for Spain and the American States. The paid up capital of the Alliance Assurance Company is £26,788,000 as of 1923.

A committee of Jewish businessmen of the East Side was formed yesterday to participate in the New York “Ort” Reconstruction. Fund drive for $500,000.

The following were chosen to serve as officers of the Businessmen’s Committee: Joseph Spector, chairman; Saul Burnes, Morris Eisenman, Dr. Joseph Eron, Elias Levy, Aaron Wortels, Louis Goldberg, Adolph Deutsch, M. Kulak and Samuel Witty, vice-chairmen; S. Dingol, secretary.

Dr. Schmarya Levin will be one of the speakers at the meeting of the National Council of the Keren Hayesod at the Astor Hotel, New York City, on Dec 7.

Samuel Untermyer will preside at a luncheon given to the delegates between the morning and afternoon session. Louis Marshall will also address the morning session of the Conference.

Maurice Worschawski, director of the Artisans school maintained by the Ica died in Warsaw yesterday.

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