Misplaced Pages

David Sassoon (treasurer)

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Treasurer of Baghdad (1792–1864)

David Sassoon
David Sassoon
BornOctober 1792
Baghdad, Baghdad Eyalet, Ottoman Empire
Died7 November 1864 (aged 72)
Poona, Bombay Presidency, British India
Resting placeOhel David Synagogue Complex, Pune
NationalityIndian
OccupationBusinessman
Spouses
Hannah Joseph ​ ​(m. 1818; died 1826)​
Farha Hyeem ​(m. 1828)​
ChildrenFrom Hannah Joseph:
Albert Sassoon
Elias David Sassoon
+ 2 daughters
From Farha Hyeem:
Sassoon David Sassoon
Arthur Sassoon
Reuben David Sassoon
Aaron Sassoon
Solomon David Sassoon
Frederick David Sassoon
+ 3 Daughters
Parent(s)Saleh Sassoon (1750-1830)
Amam Gabbai

David Sassoon (October 1792 – 7 November 1864) was the treasurer of Baghdad between 1817 and 1829. He became the leader of the Jewish community in Mumbai after Baghdadi Jews emigrated there.

Life and career

This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources in this section. Unsourced material may be challenged and removed.
Find sources: "David Sassoon" treasurer – news · newspapers · books · scholar · JSTOR (January 2023) (Learn how and when to remove this message)

Sassoon was born in 1792 in Baghdad, where his father, Sassoon ben Saleh (1750–1830), was a wealthy businessman, chief treasurer to the pashas (the governors of Baghdad) from 1781 to 1817, and president (Nasi) of the city's Jewish community.

The family were Iraqi Jews. His mother was Amam Gabbai. After a traditional education in the Hebrew language, Sassoon married Hannah Joseph in 1818. They had two sons and two daughters before she died in 1826. Two years later he married Farha Hyeem (born 1812 - died 1886). The couple had six sons and three daughters.

David Sassoon (seated) and his sons Elias David, Albert Abdallah & Sassoon David.

Following increasing persecution of Baghdad's Jews by Dawud Pasha, the family moved to Bombay via Persia. Sassoon was in business in Bombay no later than 1832, originally acting as a middleman between British textile firms and Persian Gulf commodity merchants, subsequently investing in valuable harbour properties. His major competitors were Parsis, whose profits were built on their domination of the Sino-Indian opium trade since the 1820s.

When the Treaty of Nanking opened up China to British traders, Sassoon developed his textile operations into a profitable triangular trade: Indian yarn and opium were carried to China, where he bought goods which were sold in Britain, from where he obtained Lancashire cotton products. He sent his son, Elias, to Canton, where he was the first Jewish trader (with 24 Parsi rivals). In 1845, David Sassoon & Co. opened an office in what would soon become Shanghai's British concession, and it became the firm's second hub of operations. In 1844, he set up a branch in Hong Kong, and a year later, he set up his Shanghai branch on The Bund to cash in on the opium trade.

It was not until the 1860s that the Sassoons were able to lead the Baghdadi Jewish community in overtaking Parsi dominance. A particular opportunity was given by the American Civil War, during which turmoil American cotton exports from the South declined. Lancashire factories replaced American cotton imports with Sassoon's Indian cotton.

Along with Parsi businessmen such as Sir Jamsetjee Jejeebhoy, David Sassoon continued the trade with China and from the wealth earned there he started his own business of oil. His first mill was named E.D. Sassoon Mills and he became exceedingly prosperous. Later, the Sassoons were the largest mill owners and were known as Badshah of the business community of Bombay. Overall there were 17 mills, employing in total some 15,000 to 20,000 slaves and workers. Later, Sassoon also entered the cotton, fabrics and various other industries on a large scale. Sassoon, as an Orthodox Jew, continued his Jewish religious observances, observing the Jewish Sabbath throughout his busy life. He was also a member of the Legislative Assembly of the time. He built one of the largest and most beautiful synagogues of India, the Magen David synagogue at Byculla, Bombay. He also built the Ohel David Synagogue of Pune.

Various charity trusts, which continue in existence today, were funded from his private income and named after him and other members of his family. David Sassoon funded monuments and educational institutions in Mumbai. By his enterprise, Sassoon Docks at Colaba in the city were built, much of it with slave labor.

He soon came to live with his family at a palatial home he reconfigured and named Byculla's Bungalow or Sans Souci, the former palace of Shin Sangoo. This was later donated to the Parsi Trust and is today's Masina Hospital. Nearby Rani Bagh (Jijamata Udyann) was also his property and was donated to the Mumbai Municipal Corporation for the construction of the Albert Museum, designed by the most prominent architect of the time. The interior is exactly like the Magen David synagogue and the Ohel David Synagogue of Pune. It has a tall clock tower, the Victoria clock tower.

Legacy

Tomb of David Sassoon, Ohel David Synagogue (Lal Deval), Pune, India
Historical image of Sassoon Hospital in Pune
Sassoon Hospital, Pune in around 1875

Although David Sassoon did not speak English, in 1853 he became a naturalised British subject. He kept the dress and manners of the Baghdadi Jews, but allowed his sons to adopt English manners. His son, Abdullah changed his name to Albert, moved to England, became a Baronet and married into the Rothschild family. All the Sassoons of Europe are said to be descendants of David Sassoon. He built a synagogue in the Fort (area) and another in Byculla, as well as a school, a Mechanics' Institute, a library and a convalescent home in Pune. David Sassoon was conscious of his role as a leader of the Jewish community in Mumbai. He helped to arouse a sense of Jewish identity among the Bene Israeli and Cochin Jewish communities. The Sassoon Docks (built by his son) and the David Sassoon Library are named after him.

David Sassoon died in his country house in Pune in 1864 and was buried in a mausoleum at the Ohel David Synagogue. His business interests were inherited by his son Sir Albert Sassoon; Elias David had established a rival firm. His grandson David Solomon Sassoon was a renowned bibliophile.

Some of the prominent Buildings built by David Sasoon and his family are:

They have contributed to the construction of:

See also

References

  1. Jacobs, Joseph. "SASSOON". Jewish Encyclopedia. Retrieved 20 May 2020.
  2. The DNB gives "Sason ben Saleh".
  3. Jesse S. Palsetia (2001). The Parsis of India: Preservation of Identity in Bombay City. BRILL. pp. 55–. ISBN 978-90-04-12114-0. Retrieved 6 March 2013.
  4. "The Prince of Wales in India". The Pall Mall Gazette. 19 November 1875. p. 5. Retrieved 31 December 2020 – via NewspaperArchive.com. The Prince of Wales, accompanied by the Duke of Sutherland, Sir Bartle Frere, Lord Suffield, Major-General Probyn, and Messrs. Henderson, FitzGeorge, and Knollys, landed from the Serapis at three o'clock this afternoon, and was met by Mr. Sourer and an escort of the 3rd Hussars. The Royal party drove to ... He paid a visit to Lady Sassoon, at Sans Souci, and remained a quarter of an hour. The Prince then lunched' and returned to the Serapis
  5. Shalva Weil, "The Legacy of David Sassoon: Building a Community Bridge", Asian Jewish Life, 14:4-6 (April 2014).
  6. ^ GatewayHouse (7 February 2014). "The story of the Sassoons". Gateway House. Retrieved 10 June 2018.
  7. "The Legacy of David Sassoon". ejewishphilanthropy.com. 30 May 2014. Retrieved 10 June 2018.

External links

European and American trade in Qing China
Topics
Chinese Hongs
Foreign Hongs
Chinese Officials
Key Locations
Categories: