Louis S. Rothschild

Louis Samuel Rothschild (March 29, 1900 – September 1, 1984) was an American investment banker who served as chairman of the Federal Maritime Board and as Under Secretary of Commerce for Transportation under President Dwight D. Eisenhower.

Louis S. Rothschild
Under Secretary of Commerce for Transportation
In office
1955–1958
PresidentDwight D. Eisenhower
Preceded byRobert B. Murray Jr.
Succeeded byJohn J. Allen Jr.
United States Maritime Administrator
In office
July 1, 1953 – February 25, 1955
PresidentDwight D. Eisenhower
Preceded byAlbert W. Gatov
Succeeded byClarence G. Morse
Personal details
Born
Louis Samuel Rothschild

(1900-03-29)March 29, 1900
Leavenworth, Kansas
DiedSeptember 1, 1984(1984-09-01) (aged 84)
Washington, D.C.
Political partyRepublican
Spouse
Emily Bettman
​
(m. 1929)​
Alma materYale University

Early life

Rothschild was born in Leavenworth, Kansas on March 29, 1900.[1]

He served in the U.S. Navy from 1918 to 1919, and when upon his return from the war, he earned an Ph.B. from Yale University in 1920.[2]

Career

From 1920 to 1956, Rothschild was an executive with the family business, Rothschild and Sons, Inc., a department store started in 1901 by his father and uncle, in Kansas City, Missouri and Oklahoma City, serving successively as secretary, vice-president, and president.[1] In 1956, he sold his interest in the department stores and opened a private investment business in Washington.[3]

Rothschild also served as president or director of other corporations and government agencies,[2] including as president and director of the Transportation Equities Corporation, from 1958 to 1961 and 1965; and as director, president and chairman of the Washington, D.C. based Intermediate Credit Corp. (a subsidiary of Financial General Corporation), from 1962 to 1965,[4][5] and the Standard R. E. Improvement Co.[1]

Public service

In 1953, moved to Washington, D.C. and became the U.S. delegate to NATO Planning Board for Ocean Shipping. The impetus for the move to Washington was his service as chairman of the Board of Inland Waterways Corporation, which he held from 1953 to 1959.[1] From 1953 to 1955, he served as chairman of the U.S. Federal Maritime Board under the U.S. Department of Commerce,[3] until he was appointed by fellow Republican President Dwight D. Eisenhower as the Under Secretary of Commerce for Transportation in 1955.[6][7] While he was Under Secretary, Congress voted to create the Federal Aviation Agency in 1958.[8] He served in that role until 1958 when he was succeeded by John J. Allen Jr.

From 1955 to 1957, he was a member of the Commission on Government Security that was chaired by Loyd Wright, a former president of the American Bar Association.[9] From 1955 to 1958, he was also chairman of the Air Coordinating Committee.

Personal life

In 1929, he was married to Emily Bettman.[1]

Rothschild died of cancer at his home in Washington, D.C. on September 1, 1984.[1][3]

References
  1. "L.S. Rothschild Dies at 84". Washington Post. September 3, 1984. Retrieved 19 June 2020.
  2. "Collection: Louis Samuel Rothschild papers". archives.yale.edu. Archives at Yale. Retrieved 19 June 2020.
  3. "Louis Rothschild, 84, Eisenhower Era Figure". The New York Times. 4 September 1984. Retrieved 19 June 2020.
  4. Committee, United States Congress House Banking and Currency (1964). Extension of Defense Production Act of 1950: Hearing Before ... , 88-2 on H.R. 10000 ... , March 18, 1964. p. 46. Retrieved 19 June 2020.
  5. "Intermediate Credit Elects". The New York Times. 30 December 1964. Retrieved 19 June 2020.
  6. "Rothschild Approved". The New York Times. 26 February 1955. Retrieved 19 June 2020.
  7. "Rothschild Takes Oath Today". The New York Times. 2 March 1955. Retrieved 19 June 2020.
  8. "AIR AGENCY LAW THIS YEAR SEEN; Commerce Official Predicts Creation of New Federal Unit at This Session". The New York Times. 27 June 1958. Retrieved 19 June 2020.
  9. Trussell, C.P (November 11, 1955). "12 Chosen for U. S. Panel To Study Loyalty Program" (PDF). New York Times. Retrieved April 2, 2014.
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