The Amsterdam banking firm of Mendelssohn and Co. has suspended payments, it was announced today by the Netherlands General Press Bureau. The development followed the death of Fritz Mannheimer, founder and director of the Amsterdam branch of the famous banking house on Wednesday night in his villa near Paris. The death of Mr. Mannheimer, who 49, was attributed to heart disease. Members of his family said he had been in poor health for years and that his physician was present when he died.
Mr. Mannheimer, who built up a fortune through fiscal operations, was known for his philanthropies, many of which were anonymous. During the period in which he was a partner, the Mendelssohn bank was a leader in continental underwriting. Born in Germany, Mr. Mannheimer began his banking career in Paris and later became a Netherlands citizen. The bank he headed was founded by a son of the 18th century German-Jewish philosopher, Moses Mendelssohn.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
