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A vanished Rothschild

The author of a new book on Britain's first Jewish peer reveals why he faded from public view, despite his extraordinary story of success

July 2, 2015 16:21
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By

John Cooper,

John Cooper

5 min read

Nathaniel Mayer Rothschild, the first Lord Rothschild (1840-1915), better known as Natty, was the leader of British Jewry and perhaps of Jewish communities across the globe. In 1885, he was raised to the peerage on Gladstone's recommendation, becoming the first Jewish peer, and participated fully in British imperial expansion. As the chief spokesman of the City of London, he was the principal protagonist in the major constitutional clash between the Commons and the Lords in 1909. He was also a friend of Disraeli, Arthur Balfour, Lord Milner, Cecil Rhodes and Theodor Herzl. Yet after his death, his name faded from public memory. Why?

Part of the explanation must be that he ordered his correspondence and private papers to be destroyed on his death. Brought up under the hyper-critical gaze of a talented and accomplished mother, Charlotte de Rothschild, he learned as a young child to dissemble, to conceal his real feelings and, as he grew up, he became increasingly secretive.

Charlotte conceded that Natty was inept in company, lacking in frankness and "reserved and shy", the only one of his brothers and sisters to enjoy hoarding money for its own sake. Appointed as an executor to Disraeli's estate, he was a party to destroying papers containing some of his mentor's financial and sexual secrets to preserve the Prime Minister's reputation. Once again, when Edward VII, another friend, called on him to hand over family letters from Queen Victoria's correspondence with Disraeli, he agreed, even at the risk that these letters would be destroyed. From such fraught experiences as executor, it was little wonder that Natty was so willing to trash his own correspondence to hide the secrets of his own life.

Moreover, Natty towards the end of his life went through a turbulent and unhappy period, when at the behest of the City he helped to persuade the House of Lords to throw out the Budget in 1909 and was worsted by Lloyd George in a series of incendiary speeches which shredded his reputation.