Isaias W. Hellman Jr.

Isaias William Hellman[lower-alpha 1] (March 30, 1871 – May 10, 1920)[1] was an American banker who served as president of the Union Trust Company and, briefly, of Wells Fargo Bank shortly before his death.

Isaias W. Hellman Jr.
President of Wells Fargo Nevada National Bank
In office
1920–1920
Preceded byIsaias W. Hellman
Succeeded byFrederick L. Lipman
Personal details
Born
Isaias William Hellman

(1871-03-30)March 30, 1871
Los Angeles, California
DiedMay 10, 1920(1920-05-10) (aged 49)
San Francisco, California
Resting placeHome of Peace Cemetery and Emanu-El Mausoleum
NationalityAmerican
Spouse
Frances Jacobi
​
(m. 1898)​
RelationsHerman W. Hellman (uncle)
Mayer Lehman (uncle)
Warren Hellman (grandson)
Frederick L. Ehrman (nephew)
Children4, including Isaias
Parent(s)Isaias W. Hellman
Esther Newgass Hellman
Alma materUniversity of California, Berkeley

Early life

Hellman, who went by Marco, was born on March 30, 1871, in Los Angeles, California.[2] He was the only son of Esther (née Newgass) Hellman (1851–1908) and Isaias W. Hellman, who had been born in Reckendorf in the Kingdom of Bavaria and emigrated to California in 1859.[3] His two sisters were Clara (née Hellman) Heller and Florence (née Hellman) Ehrman.[4]

His paternal uncle was the banker and real estate investor Herman W. Hellman. His maternal aunt, Babetta Newgass, was the wife of Mayer Lehman, one of the three founding brothers of the investment bank Lehman Brothers. Among his large extended family were first cousins, Irving Lehman (the Chief Judge of the New York Court of Appeals) and Herbert H. Lehman (a U.S. Senator and Governor of New York).[5]

After being educated in the public schools of Los Angeles, he attended the University of California, Berkeley, where he graduated in 1892.[1]

Career

Immediately after graduation, he began working for the Nevada Bank of San Francisco (of which his father was president) as a clerk. In 1894, he moved to Los Angeles and became a manager of the Farmers and Merchants Bank of Los Angeles (which his father founded with John G. Downey, a former governor of California).[6] In 1895, he returned to San Francisco to become manager of the Union Trust Company.[1]

In 1916, he was elected president of the Union Trust Company.[2] Following his father's death in April 1920, he succeeded, on his own deathbed, as president of the Wells Fargo Nevada National Bank. At the time of his death, he was vice president of Farmers and Merchants Bank of Los Angeles and was one of the directors of the Panama–Pacific International Exposition.[1] He was succeeded as president of Wells Fargo Nevada National Bank by Frederick L. Lipman.[7]

Personal life

On September 7, 1898,[2] Hellman was married to Frances Jacobi (1877–1959).[8] She was the daughter of Frederick Jacobi Sr. and Flora (née Brandenstein) Jacobi and a sister of composer Frederick Jacobi.[9] Together, they were the parents of:[1]

  • Isaias Warren Hellman (1899–1978),[10] who also became president of Wells Fargo, serving from 1943 to 1960;[11][12] he married Dortha Elane.[10]
  • Frederick Jacobi Hellman (1901–1965), who married Rosalie Louise Greene, a daughter of Louis Cauffman Greene, president of the Alaska Commercial Company.[13]
  • Florence Hellman (1904–1954), who married lawyer Lloyd William Dinkelspiel, head of the Jewish Welfare Board.[14]
  • Marco Frances Hellman (1906–1973), an investment banker who married Ruth Koshland, a daughter of wool merchant Jesse Koshland and granddaughter of Simon Koshland.[15]

After a long illness, Hellman died on May 10, 1920, in San Francisco, California.[1][2] His widow lived for another nearly forty years later before her death at her home in San Francisco in December 1959.[8]

Descendants

Through his son Marco, he was a grandfather of Frederick Warren Hellman (1934–2011),[16] who succeeded his uncle, Frederick L. Ehrman,[17] as president of Lehman Brothers. He later co-founded Hellman & Friedman,[18] and Hellman, Ferri Investment Associates (today known as Matrix Partners).[19]

References
Notes
  1. Although his middle name was different from that of his father, his being William versus his father's which was Wolf, he was still known as Isaias W. Hellman Jr. The same was true of his son, Isaias Warren Hellman, who was known as Isaias W. Hellman III despite his middle name being different from both his father and grandfather.
Sources
  1. "FINANCIER OF NOTE PASSES AWAY". Los Angeles Evening Express. 10 May 1920. p. 1. Retrieved 11 March 2021.
  2. "I. W. Hellman Jr. -- 1871-1920". The Pony Express. N.H. Robotham. 1949. Retrieved 11 March 2021.
  3. "Isaias Hellman". www.jewishvirtuallibrary.org. Jewish Virtual Library. Retrieved 11 March 2021.
  4. "Hellman-Ehrman Mansion". www.parks.ca.gov. California State Parks. Retrieved 11 March 2021.
  5. "MISS HILDA LEHMAN MAKES HER DEBUT; Daughter of the Governor and Mrs. Lehman Presented by Parents at Dinner Dance RECEIVES IN FERN BOWER Debutante, Bennett Senior, Attired in White Faille Silk and Velvet Gown Charles Polettis Attend". The New York Times. 23 December 1939. Retrieved 11 March 2021.
  6. "THE BANK MERGER; The Historical High Points". The New York Times. 13 August 1991. Retrieved 11 March 2021.
  7. TIMES, Special to THE NEW YORK (12 May 1950). "FREDERICK L. LIPMAN". The New York Times. Retrieved 11 March 2021.
  8. Times, Special to The Hew York (4 December 1959). "MRS. ISAIAH HELLMAN". The New York Times. Retrieved 11 March 2021.
  9. "FREDERICK JACOBI, COMPOSER, WAS 61; Writer of Indian Theme Music Orchestral Works, Settings for Synagogue Rites Dies". The New York Times. 25 October 1952. Retrieved 11 March 2021.
  10. "I.W. Hellman, longtime banker". The San Francisco Examiner. 18 February 1978. p. 14. Retrieved 11 March 2021.
  11. "Bank Names I.W. Hellman 3d". The New York Times. 9 October 1943. Retrieved 11 March 2021.
  12. Times, Special to The New York (27 January 1960). "MERGER APPROVED BY 2 COAST BANKS". The New York Times. Retrieved 11 March 2021.
  13. "Rosalie Hellman". The San Francisco Examiner. 12 March 1978. p. 29. Retrieved 11 March 2021.
  14. Times, Special to The New York (16 May 1959). "Lloyd Dinkelspiel, Lawyer, Dies; Head of Jewish Welfare Board". The New York Times. Retrieved 11 March 2021.
  15. "MARCO F. HELLMAN WEDS RUTH KOSHLAND; Both Are Members of San Fran- cisco FamiliesuBridegroom Is- Associate in Lehman Brothers". The New York Times. 30 January 1933. Retrieved 11 March 2021.
  16. Lattman, Peter (19 December 2011). "Warren Hellman, 77, Investor Who Loved Bluegrass, Dies (Published 2011)". The New York Times. Retrieved 11 March 2021.
  17. "Ehrman family papers, 1956-1978". oac.cdlib.org. California Digital Library. Retrieved 11 March 2021.
  18. Hellman & Friedman Raises $8.8 Billion Buyout Fund. Bloomberg, October 1, 2009
  19. "The Billionaire Who Loved Bluegrass - the Bay Citizen". Archived from the original on 2012-11-07. Retrieved 2013-08-19.. Bay Citizen, December 18, 2011
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