History In Ink®  Historical Autographs


823606

Jules S. Bache

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Bache asks fellow financier S. R. Bertron to bring an associate to “join our little party” at dinner

Jules Semon Bache, 1861-1944.  American financier.  Typed Letter Signed, Bache, one page, quarto, on personal stationery, New York, [New York], October 24, 1921. 

Bache’s letters are rare—we have found none in auction records over the last 39 years.

Bache responds here to Wall Street financier S. R. Bertron, asking him to bring a business associate to join them at dinner.  He writes, in part:  “As Naphen informs me that he is bringing his partner, Mr. Cunniff, to dinner on Wednesday, I wonder if you would care to bring Mr. Benoist with you.  I shall be very glad to have him join our little party . . . .”

In 1881, Bache, a German immigrant, went to work for a New York stock brokerage that his uncle founded.  Just 11 years later, he took control of the company and renamed it J. S. Bache & Co.  He built it into a powerful brokerage house, the second largest in the United States at the time, behind only Merrill Lynch, and became extremely wealthy.  He acquired interests in a number of corporations and amassed a large art collection that included works by or attributed to Rembrandt, Titian, Dürer, Velázquez, David, Bellini, and Botticelli.  Parts of the collection were later donated to the Detroit Institute of Arts and the New York Metropolitan Museum of Art.

Bache has signed this letter in green ink.  The letter has intersecting mailing folds not affecting the signature, a small stain in the blank area at the upper left, and light soiling.  It is in fine condition.

Unframed.

 

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$895.00

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