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The Iraqi Rothschilds – David Sassoon

David Sassoon

From Wikipedia, the free encyclopedia
Not to be confused with David of Sasun.
for the British fashion designer see David Sassoon (designer)
David Sassoon
David Sassoon.jpg
Born October 1792
Baghdad, Ottoman Iraq
Died November 7, 1864 (aged 72)
Poona, British India
Occupation Treasurer of Baghdad, businessman

David Sassoon (October 1792November 7, 1864) was the treasurer of Baghdad between 1817 and 1829. He became the leader of the Jewish community in Bombay (now Mumbai) after Baghdadi Jews emigrated there. He was a leading trader of cotton and opium in China.

Contents

Biography

Sassoon was born in Baghdad, where his father, Saleh Sassoon (1750-1830),[1] was a wealthy businessman, chief treasurer to the pashas (the governors of Baghdad) from 1781 to 1817, and president (Nasi) of the city’s Jewish community.

The family were Iraqi Jews. His mother was Amam Gabbai. After a traditional education in the Hebrew language, Sassoon married Hannah in 1818. They had two sons and two daughters before she died in 1826. Two years later he married Farha Hyeem (who was born in 1812 and died in 1886). The pair had six sons and three daughters.

David Sassoon (seated) and his sons Elias David, Albert (Abdallah) & Sassoon David.

Following increasing persecution of Baghdad’s Jews by Dawud Pasha, the family moved to Bombay via Persia. Sassoon was in business in Bombay no later than 1832, originally acting as a middleman between British textile firms and Gulf commodity merchants, subsequently investing in valuable harbour properties. His major competitors were Parsis, whose profits were built on their domination of the Sino-Indian opium trade since the 1820s.[2]

When the Treaty of Nanking opened up China to British traders, Sassoon developed his textile operations into a profitable triangular trade: Indian yarn and opium were carried to China, where he bought goods which were sold in Britain, from where he obtained Lancashire cotton products. He sent his son Elias David Sassoon to Canton, where he was the first Jewish trader (with 24 Parsi rivals). In 1845, David Sassoon & Co. opened an office in what would soon become Shanghai’s British concession, and it became the firm’s second hub of operations.

In 1844, he set up a branch in Hong Kong, and a year later, he set up his Shanghai branch on The Bund to cash in on the opium trade.

It was not until the 1860s that the Sassoons were able to lead the Baghdadi Jewish community in overtaking Parsi dominance.[citation needed] A particular opportunity was given by the American Civil War, during which turmoil American cotton exports from the South declined. Lancashire factories replaced American cotton imports with Sassoon’s Indian cotton.

Along with Parsi businessmen such as Sir Jamsetjee Jejeebhoy, David Sassoon continued the trade with China and from the wealth earned there he started his own business of oil. His first mill was named E.D. Sassoon Mills and he became exceedingly prosperous. Later the Sassoons were the largest mill owners and were known as Badshah of the business community of Bombay. Overall there were 17 mills, each mill having around 15 to 20,000 workers. Later, David Sassoon also entered the cotton, fabrics and various other industries on a large scale.

David Sassoon, as an Orthodox Jew, continued his Jewish religious observances, observing the Jewish Sabbath throughout his busy life. He was also a member of the Legislative Assembly of the time. He built one of the largest and most beautiful synagogues of India, the Magen David synagogue at Byculla, Bombay. He also built the Ohel David Synagogue of Pune. Today these are well known tourist attractions and form an important part of the cultural heritage of India. Various charity trusts, which continue in existence today, were funded from his private income and named after him and other members of his family. David Sassoon funded monuments and educational institutions in Mumbai. By his enterprise Sassoon Docks at Colaba in the city were built.

He soon came to live with his family at a palatial home he reconfigured and named Byculla’s Bungalow, the former palace of Shin Sangoo. This was later donated to the Parsi Trust and is today’s Masina Hospital. Nearby Rani Bagh (Jijamata Udyann) was also his property and was donated to the Mumbai Municipal Corporation for the construction of the Albert Museum, designed by the most prominent architect of the time. The interior is exactly like the Magen David synaguogue and the Ohel David Synagogue of Pune. It has a tall clock tower, the Victoria clock tower.

Legacy

Tomb of David Sassoon, Lal Deval, Moledina Rd, Pune, India

Although David Sassoon did not speak English, he became a naturalised British citizen in 1853. He kept the dress and manners of the Baghdadi Jews, but allowed his sons to adopt English manners. His son, Abdullah changed his name to Albert, moved to England, became a Baronet and married into the Rothschild family. All the Sassoons of Europe are said to be descendants of David Sassoon. He built a synagogue in the Fort (area) and another in Byculla, as well as a school, a Mechanics’ Institute, a library and a convalescent home in Pune. David Sassoon was conscious of his role as a leader of the Jewish community in Mumbai. He helped to arouse a sense of Jewish identity amongst the Bene Israeli and Cochin Jewish communities. The Sassoon Docks (built by his son) and the David Sassoon Library are named after him. For more information about his legacy and relations with the local Bene Israel community see Dr. Shalva Weil’s article.[3]

David Sassoon died in his country house in Pune in 1864. His business interests were inherited by his son Sir Albert Sassoon; Elias David had established a rival firm.

Some of the prominent Buildings contributed to or built by David Sasoon and his family are as follows:

Sassoon Hospital, Pune in 1860s
  • Sassoon Hospital, Pune
  • Lady Rachel Sassoon Dispensary, Pune
  • David Sassoon Vridha Ashram, Pune

Progeny

David Solomon Sassoon

David Sassoon’s grandson, David Solomon Sassoon (1880–1942), travelled extensively with the sole intent of collecting Hebrew books and manuscripts and which he later catalogued in a two-volume book, entitled, Ohel David. The vast importance of his private collection of books and manuscripts cannot be overestimated, since it affords scholars with the opportunity to examine some twenty-four distinct liturgical rites used by the different Jewish communities of the nineteenth century: Aleppo, Ashkenazi, Egyptian, Italian, North African (Morocco), Tunis, Tlemcen, Karaite, Sefardi (Spanish), Bene Israel, Cochin, Turkish, Yemen, among others.[4] David Solomon Sassoon originally owned some 412 manuscripts and twenty incunables, the rarest of which he retrieved from Baghdad. One of the more important manuscripts obtained by him is Sefer Halakhot Pesuḳot of Rabbi Yehudai Gaon, a work that he obtained from a Jew in Yemen in 1911, but written in Babylon or Persia in the ninth or tenth century.[5] He also obtained in Yemen a hand-written copy of Maimonides’ Guide for the Perplexed, written in Spain in the fourteenth century (1397).[6] Perhaps the most prized of Sassoon’s acquisitions is the Farhi Bible, a codex which he purchased in Aleppo. It is said to have been written by Elisha Crescas in Provence between the years 1366 and 1383. It is now kept in a bank vault in Switzerland.[7] Many of the manuscripts and incunabula collected by David Sassoon were auctioned by Sotheby’s of London in Zurich and in New York, between the years 1975 – 1994, in order to satisfy the Sassoon estate’s British tax obligations.[8] Today, most of what remains of David Solomon Sassoon’s private collection of Hebrew manuscripts is stored at Toronto University, in Canada, although a small cluster of manuscripts from the estate of David Solomon Sassoon are now at the British Library, which were either offered to the library in lieu of tax, or were purchased at Sotheby’s auction sales in the 1970s.[9]

See also

References

 

 

  1. Tahan, Ilana (2008). “The Hebrew Collection of the British Library:Past and Present””. European Judaism: A Journal for the New Europe 41 (2): 43–55. Retrieved 17 December 2015 – via JSTOR. (registration required (help)).

External links

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2 comments on “The Iraqi Rothschilds – David Sassoon

  1. joekano76
    6 January 2016

    Reblogged this on TheFlippinTruth.

    Liked by 1 person

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