Railroad History

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Salomon Mayer von Rothschild

Salomon Mayer von Rothschild (9 September 1774 – 28 July 1855) was a German-born banker in the Austrian Empire and the founder of the Austrian branch of the prominent Mayer Amschel Rothschild family.

He was born at Frankfurt-am-Main the third child and second son of Mayer Amschel Rothschild (1744–1812) and Gutlé Schnapper (1753–1849). In 1800, he married Caroline Stern (1782–1854). They had the following children: Anselm Salomon (1803–1874), Betty von Rothschild (1805–1886) - married her uncle James Mayer de Rothschild in 1824.

His father had built a hugely prosperous banking business in Germany. Wanting to expand the family business across Europe, the eldest Rothschild son remained in Frankfurt, while each of the other four sons were sent to different European cities to establish a banking branch. Salomon von Rothschild was made a shareholder of the de Rothschild Frères bank when it was opened in Paris in 1817 by brother James Mayer de Rothschild.

Trained in finance and with years of experience, in 1820 Salomon Rothschild was sent to Austria to formalize the family's existing involvements in financing Austrian government projects. In the same year, 1820, Salomon von Rothschild established S M von Rothschild in Vienna.

Austria's first steam railway

The business financed the Nordbahn rail transport network, Austria's first steam railway, plus funding various government undertakings where large amounts of capital had to be raised. 

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