Collection ID: MS 535

Collection context


Warburg, Paul M. (Paul Moritz), 1868-1932
Correspondence, documents, memorabilia, and printed materials relating to the career of Paul M. Warburg in banking and international finance. Correspondents include Nelson Aldrich, Carter Glass, Col. Edward M. House and Woodrow Wilson.
5.5 Linear Feet


Acquisition information:
Gift of James P. Warburg, 1959.
Rules or conventions:
translation missing: en.enumerations.resource_finding_aid_description_rules.Finding aid created in accordance with Manuscripts and Archives Processing Manual
Scope and Content:

The papers of Paul M. Warburg, recently presented to the University Library by his son James P. Warburg, contain approximately 5,000 pieces of manuscript covering the period 1904-1932. The collection consists of official and private correspondence, documents, drafts of Warburg's many writings, materials relating to war-financing and the Federal Reserve System, scrapbooks, memorabilia, and 169 volumes on banking and finance. The papers as a whole present an excellent documentation of the economic history of the United States during the period preceding World War I and of the decade which followed that catastrophe, providing as well a record of the great services which Paul Warburg rendered the nation. It appears fitting that this material should join the papers already at Yale of Colonel Edward M. House, Henry L. Stimson, William Kent, Frank Polk, and Senator Francis G. Newlands, men in public life whose careers covered roughly the same period as that of Paul Warburg's participation in national affairs.

Warburg's correspondents were those who were helping to shape the tenor of the times, and the files are replete with such names as Jane Addams, Nelson Aldrich, Bernard Baruch, Sir Ernest Cassel, Sir Austin Chamberlain, Josephus Daniels, John W. Davis, Norman Davis, Carter Glass, E. H. Harriman, Herbert Hoover, Lord Keynes, Henry Cabot Lodge, William McAdoo, Andrew Mellon, John D. Rockefeller, Reid Smoot, and Lillian Wald. Banking, the economic growth of the country, the course of the war, and the ensuing peace, all came within the scope of Warburg's interest. Many individuals solicited his advice upon matters ranging from the Liberty Bond drives to the question of what to do with a defeated Germany.

Born (1868) into an old Hamburg banking family, Paul Warburg came to the United States in 1902 as a member of Kuhn, Loeb and Company. In the succeeding decade he familiarized himself so thoroughly with the American financial situation that he rapidly became an authority in domestic banking policy. This, combined with his intimate knowledge of European finance and his personal acquaintance with the leading figures in international banking, placed him in a unique position one which caused his pronouncements and writings to be received with singular respect.

Excerpted from Howard B. Gotlieb, "Architect of Federal Reserve: The Papers of Paul Moritz Warburg," The Yale University Library Gazette, 35, no. 3 (January 1961), pp. 106-110.

Biographical / Historical:

Paul M. Warburg (1868-1932): member of Kuhn, Loeb & Co., N.Y., until appointed member of Federal Reserve Board, 1914-1918; member of U.S. Section International High Commission, 1917; chairman of the board of International Acceptance Bank, N. Y., and of The Manhattan Company; director of B & O Railroad, Western Union Telegraph Co., several other corporations.


Arranged in three series: I. Correspondence, 1904-1932. II. Topical files, 1911-1956. III. Scrapbooks, 1910-1932.

Indexed Terms

Banks and banking -- United States
International finance
World War, 1914-1918
Board of Governors of the Federal Reserve System (U.S.)
Kuhn, Loeb & Company
Addams, Jane, 1860-1935
Aldrich, Nelson W. (Nelson Wilmarth), 1841-1915
Andrew, A. Piatt (Abram Piatt), 1873-1936
Baruch, Bernard M. (Bernard Mannes), 1870-1965
Calder, William Musgrave, 1869-1945
Chamberlain, Austen, Sir, 1863-1937
Daniels, Josephus, 1862-1948
Davis, John W. (John William), 1873-1955
Davis, Norman H. (Norman Hezekiah), 1878-1944
Gassel, Ernest, Sir, 1852-1921
Glass, Carter, 1858-1946
Hand, Learned, 1872-1961
Harding, W. P. G. (William Proctor Gould), 1864-1930
Harrison, Edward Henry, 1848-1909
Holmes, Oliver Wendell, Jr., 1841-1935
Hoover, Herbert, 1874-1964
House, Edward Mandell, 1858-1938
Houston, David Franklin, 1866-1940
Kellogg, Frank B. (Frank Billings), 1856-1937
Keynes, John Maynard, 1883-1946
Knox, Philander C. (Philander Chase), 1853-1921
Lane, Franklin K.
Leffingwell, R. C. (Russell Cornell), 1878-1960
McAdoo, W. G. (William Gibbs), 1863-1941
Mellon, Andrew W. (Andrew William), 1855-1937
Mills, Ogden Livingston, 1884-1937
Morgenthau, Henry, 1856-1946
Morrow, Dwight W. (Dwight Whitney), 1873-1931
Norton, Charles Dyer, 1871-1922
Phillips, William, 1878-1968
Rockefeller, John D., Jr. (John Davison), 1874-1960
Roosevelt, Franklin D. (Franklin Delano), 1882-1945
Root, Elihu, 1845-1937
Rowe, L. S. (Leo Stanton), 1871-1946
Schiff, Jacob H. (Jacob Henry), 1847-1920
Schiff, Mortimer L., 1877-1931
Smoot, Reed, 1862-1941
Strong, Benjamin, 1872-1928
Tumulty, Joseph P. (Joseph Patrick), 1879-1954
Warburg, James P. (James Paul), 1896-1969
Warburg, Paul M. (Paul Moritz), 1868-1932
Wilson, Woodrow, 1856-1924
Woodrow, William Hartman, 1868-1934
New York (State) -- Politics and government -- 1865-1950


Sterling Memorial Library
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