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Sender Jarmulowsky was a Polish immigrant who made a name for himself in New York City's financial district. He was born in 1835 in Poland and immigrated to the United States in the mid-1800s.
Jarmulowsky's early life is not well-documented, but it's clear that he was driven to succeed in his new country. He eventually settled in New York City and began working in the financial industry.
Jarmulowsky's big break came in 1871 when he founded the Jarmulowsky Bank, which quickly became a major player in the city's financial scene.
Early Life and Career
Sender Jarmulowsky was born in 1835 in Warsaw, Poland.
He immigrated to the United States in the mid-1800s, where he eventually settled in New York City.
Sender Jarmulowsky worked as a peddler, selling goods from a pushcart.
He eventually opened his own dry goods store on Ludlow Street in Manhattan's Lower East Side.
Sender Jarmulowsky's business thrived, and he became a prominent figure in the community.
He was a leader in the Jewish community and a strong advocate for social justice.
Sender Jarmulowsky's bank, the Jarmulowsky Bank, was established in 1910.
It catered to the financial needs of the immigrant community, offering services such as loans and savings accounts.
Sender Jarmulowsky's bank was a hub for community activity, hosting events and providing a meeting space for local organizations.
Legacy
Sender Jarmulowsky left behind a significant legacy in the lives of many American Jews. His bank, which he founded, was a lifeline for thousands of immigrants who were struggling to make a new life in the United States.
Jarmulowsky's legacy is still remembered fondly by many, as Louis Lipsky's memoirs attest to the high regard in which he was held. In fact, Jarmulowsky remains in the memory of thousands of American Jews as the man who freed them on American soil.
After Jarmulowsky's death in 1912, his estate was valued at around $500,000, a relatively modest sum considering the expectations of the time. His sons, Meyer and Louis, inherited the bank, but their management of it would ultimately lead to its downfall.
The Jarmulowsky Bank's financial struggles during World War I led to a riot among customers who were unable to withdraw their money to send to their relatives overseas. This event ultimately led to the bank's closure and the indictment of Meyer and Louis for banking fraud.
Sources
- https://en.wikipedia.org/wiki/Sender_Jarmulowsky
- https://bedfordandbowery.com/2013/12/the-temple-of-capitalism-jarmulowskys-bank/
- https://statorec.com/secrets-discoveries-the-bank-building-by-david-dario-winner/
- https://fr-ca.findagrave.com/memorial/91900180/alexander-jarmulowsky
- https://ephemeralnewyork.wordpress.com/tag/s-jarmulowsky-bank/
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