The Jewish Banker Who Financed the American Revolution

Jan. 15 2015

Today (on the Hebrew calendar) is the anniversary of the death of Haym Salomon, a Polish-born American Jew who single-handedly raised most of the funds necessary to back the Continental army. And his devotion to the revolutionary cause did not end there, as Gershon Tannenbaum writes:

Arriving in colonial America in 1772, [Salomon] established himself in New York as a respected and well-liked merchant. . . . Haym enthusiastically joined the Sons of Liberty, a secret organization that had been established by men with business interests who were opposed to British rule. Haym was arrested by the British and charged with spying in September 1776, an offense punishable by hanging. His [linguistic] skills caught the attention of his captors and he was assigned to German General Heister.

As an interpreter for Heister, Salomon was allowed a relatively high degree of freedom. He contributed to the American revolutionary cause by persuading Hessian [mercenaries] to switch sides. . . .

Salomon continued [after his release] to work underground to sway Hessian allegiance, and was jailed a second time in August 1778 as one of several suspects thought to be planning a fire that would destroy the British royal fleet in New York harbor.

Read more at 5 Towns Jewish Times

More about: American Jewry, American Revolution, Finance, George Washington, History & Ideas

Egypt Is Trapped by the Gaza Dilemma It Helped to Create

Feb. 14 2025

Recent satellite imagery has shown a buildup of Egyptian tanks near the Israeli border, in violation of Egypt-Israel agreements going back to the 1970s. It’s possible Cairo wants to prevent Palestinians from entering the Sinai from Gaza, or perhaps it wants to send a message to the U.S. that it will take all measures necessary to keep that from happening. But there is also a chance, however small, that it could be preparing for something more dangerous. David Wurmser examines President Abdel Fatah el-Sisi’s predicament:

Egypt’s abysmal behavior in allowing its common border with Gaza to be used for the dangerous smuggling of weapons, money, and materiel to Hamas built the problem that exploded on October 7. Hamas could arm only to the level that Egypt enabled it. Once exposed, rather than help Israel fix the problem it enabled, Egypt manufactured tensions with Israel to divert attention from its own culpability.

Now that the Trump administration is threatening to remove the population of Gaza, President Sisi is reaping the consequences of a problem he and his predecessors helped to sow. That, writes Wurmser, leaves him with a dilemma:

On one hand, Egypt fears for its regime’s survival if it accepts Trump’s plan. It would position Cairo as a participant in a second disaster, or nakba. It knows from its own history; King Farouk was overthrown in 1952 in part for his failure to prevent the first nakba in 1948. Any leader who fails to stop a second nakba, let alone participates in it, risks losing legitimacy and being seen as weak. The perception of buckling on the Palestine issue also resulted in the Egyptian president Anwar Sadat’s assassination in 1981. President Sisi risks being seen by his own population as too weak to stand up to Israel or the United States, as not upholding his manliness.

In a worst-case scenario, Wurmser argues, Sisi might decide that he’d rather fight a disastrous war with Israel and blow up his relationship with Washington than display that kind of weakness.

Read more at The Editors

More about: Egypt, Gaza War 2023