Paul Moritz Warburg

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Paul Moritz Warburg's Geni Profile

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Paul Moritz Warburg

Birthplace: Hamburg, Germany
Death: Died in New York, NY, USA
Place of Burial: Sleepy hollow, Westchester, NY, USA
Immediate Family:

Son of Moritz Moses Warburg and Charlotte Esther Warburg (Oppenheim)
Husband of Nina Jenny Warburg (Loeb)
Father of James Paul Warburg and Bettina Grimson (Warburg)
Brother of Mary Anna Warburg; Aby Warburg; Max Moritz Warburg; Felix Moritz Warburg; Olga C. Kohn-Speyer (Warburg) and 2 others

Managed by: Randy Schoenberg
Last Updated:

About Paul Moritz Warburg

Paul Moritz Warburg (August 10, 1868 – January 24, 1932) was a German-born American banker, He was an early advocate of the U.S. Federal Reserve System.

From the Wikepedia article:

"Warburg became known as a persuasive advocate of central banking in America. Many of his contemporaries regarded him as the chief driving force behind the establishment of America's central bank. Russell Leffingwell, who served variously as the Assistant Secretary of the Treasury, head of the Council on Foreign Relations, and chairman of J.P. Morgan, credited Warburg with doing 'yeoman's service in preaching the doctrines and practices of modern [central] European banking' while all other 'friends of sound money' were so occupied with battling against the free silver movement that they gave scant thought to the need for currency reform. Father Coughlin's periodical, Social Justice, saw Warburg's influence on the final form of the Federal Reserve Act as on a par with that of the bill's main sponsor, Congressman Carter Glass, charging them both with the 'chief credit for 'putting over' the Federal Reserve System'. Harold Kellock of The Century Magazine, characterized Warburg as 'the mildest-mannered man that ever personally conducted a revolution'. This shy and sensitive man, Kellock continued, 'imposed his idea on a nation of a hundred million people'."

The cartoon character, Oliver "Daddy" Warbucks in the Little Orphan Annie series, was purportedly inspired by Warburg's life and times.

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Paul Moritz Warburg's Timeline

August 10, 1868
Hamburg, Germany
August 18, 1896
Age 28
Hamburg, Germany
November 2, 1900
Age 32
January 24, 1932
Age 63
New York, NY, USA
Sleepy hollow, Westchester, NY, USA