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

 

Oil Is Iran’s Weak Spot. Israel Should Exploit It

Israel will likely respond directly against Iran after yesterday’s attack, and has made known that it will calibrate its retaliation based not on the extent of the damage, but on the scale of the attack. The specifics are anyone’s guess, but Edward Luttwak has a suggestion, put forth in an article published just hours before the missile barrage: cut off Tehran’s ability to send money and arms to Shiite Arab militias.

In practice, most of this cash comes from a single source: oil. . . . In other words, the flow of dollars that sustains Israel’s enemies, and which has caused so much trouble to Western interests from the Syrian desert to the Red Sea, emanates almost entirely from the oil loaded onto tankers at the export terminal on Khark Island, a speck of land about 25 kilometers off Iran’s southern coast. Benjamin Netanyahu warned in his recent speech to the UN General Assembly that Israel’s “long arm” can reach them too. Indeed, Khark’s location in the Persian Gulf is relatively close. At 1,516 kilometers from Israel’s main airbase, it’s far closer than the Houthis’ main oil import terminal at Hodeida in Yemen—a place that was destroyed by Israeli jets in July, and attacked again [on Sunday].

Read more at UnHerd

More about: Iran, Israeli Security, Oil