Scope and Contents
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.
Conditions Governing Access
The materials are open for research.
Conditions Governing Use
Unpublished materials authored or otherwise produced by the creator(s) of this collection are in the public domain. There are no restrictions on use. Copyright status for other collection materials is unknown. Transmission or reproduction of materials protected by U.S. Copyright Law (Title 17, U.S.C.) beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owners. Responsibility for any use rests exclusively with the user.
Immediate Source of Acquisition
Gift of James P. Warburg, 1959.
Arranged in three series: I. Correspondence, 1904-1932. II. Topical files, 1911-1956. III. Scrapbooks, 1910-1932.
5.5 Linear Feet
Language of Materials
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.
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.
- Addams, Jane, 1860-1935
- Aldrich, Nelson W. (Nelson Wilmarth), 1841-1915
- Andrew, A. Piatt (Abram Piatt), 1873-1936
- Banks and banking -- United States
- Baruch, Bernard M. (Bernard Mannes), 1870-1965
- Board of Governors of the Federal Reserve System (U.S.)
- 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
- International finance
- Kellogg, Frank B. (Frank Billings), 1856-1937
- Keynes, John Maynard, 1883-1946
- Knox, Philander C. (Philander Chase), 1853-1921
- Kuhn, Loeb & Company
- 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
- New York (State) -- Politics and government -- 1865-1950
- 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
- World War, 1914-1918
- Guide to the Paul Moritz Warburg Papers
- Under Revision
- compiled by Staff of Manuscripts and Archives
- January 1987
- Description rules
- Finding Aid Created In Accordance With Manuscripts And Archives Processing Manual
- Language of description note
- Finding aid written in English.
Part of the Manuscripts and Archives Repository
Yale University Library
P.O. Box 208240
New Haven CT 06520-8240 US
(203) 432-7441 (Fax)
Sterling Memorial Library
120 High Street
New Haven, CT 06511