OVERRIDE

Towers of Gold

How One Jewish Immigrant Named Isaias Hellman Created California

Frances Dinkelspiel

St. Martin's Griffin

Isaias Hellman, a Jewish immigrant, arrived in California in 1859 with very little money in his pocket and his brother Herman by his side.  By the time he died, he had effectively transformed Los Angeles into the modern metropolis we see today.  In Frances Dinkelspiel's groundbreaking history, the early days of California are seen through the life of a man who started out as a simple store owner only to become California's premier money-man of the late 19th and early 20th century. Growing up as a young immigrant, Hellman quickly learned the use to which "capital" could be put, founding LA's Farmers and Merchants Bank, that city's first successful bank, and transforming Wells Fargo into one of the West's biggest financial institutions. He invested money with Henry Huntington to build trolley lines, lent Edward Doheney the funds that led him to discover California's huge oil reserves, and assisted Harrison Gary Otis in acquiring full ownership of the Los Angeles Times.  Hellman led the building of Los Angeles' first synagogue, the Wilshire Boulevard Temple, helped start the University of Southern California and served as Regent of the University of California. His influence, however, was not limited to Los Angeles. He controlled the California wine industry for almost twenty years and, after San Francisco's devastating 1906 earthquake and fire, calmed the financial markets there in order to help that great city rise from the ashes. With all of these accomplishments, Isaias Hellman almost single-handedly brought California into modernity. Ripe with great historical events that filled the early days of California such as the Gold Rush and the San Francisco earthquake, Towers of Gold brings to life the transformation of California from a frontier society whose economy was driven by the barter of hides and exchange of gold dust into a vibrant state with the strongest economy in the nation.

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One
PANIC
1893
The mood was ebullient in the California Pavilion at the 1893 Chicago Exposition. The mission-style building, rumored to have cost $100,000, was finally set to open. Scores of California boosters sporting grizzly-bear-shaped badges clustered in the massive structure, eager to hear their governor, Henry Markham, extol the virtues of their state.
Examples of California’s bounty lay everywhere. The hall, lavishly decorated with flowers and flags, was landscaped with ancient date palms and other semitropical plants. A fountain sprayed red wine, and mounds of raisins
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ABOUT THE AUTHOR

  • Frances Dinkelspiel

  • FRANCES DINKELSPIEL is an award-winning journalist and the great-great granddaughter of Isaias Hellman. Her work has appeared in The New York Times, People, San Francisco Magazine, San Jose Mercury News, and other venues. She lives in Berkeley, California.

  • Frances Dinkelspiel
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    Towers of Gold

    How One Jewish Immigrant Named Isaias Hellman Created California

    Frances Dinkelspiel

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    St. Martin's Griffin

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