Michel Heine

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Michel (Michael) Heine (19 April 1819 – 10 November 1904) was a French banker and businessman.

Family[]

Heine emigrated to New Orleans, Louisiana, in 1843, where he married Amélie Marie Céleste Miltenberger, born 25 May 1832 in New Orleans. Together with his brother Armand, they founded the famous in 1883, with Rothschild-Frères & Co. in Paris and New Orleans.

Banque Fould and Banque Heine[]

In 1795, Beer Léon Fould founded a bank whose name would change repeatedly, from B L Fould and Fould Oppenheim, to Fould Oppenheim und Co., and eventually to Fould Co. In 1883, Armand and Michel Heine, having previously been partners in Fould & Co, founded their family bank under their own names. The new enterprise became extremely successful.

The bank was already involved in numerous transactions in Spain under its old name, regarding investment in the railways. After the emergence of the US business and the end of the American Civil War, the growing business' opportunities in Europe extended.

Due to its French and German ties, and extensive network of branches in the Eastern United States of America, the bank was securely set up. In 1891, the bank made a number of purchases, including the Panama Railway.

After the American Civil War, the Heines returned to France with their daughter Marie Alice (who was 16 years old), and fitted successfully into society as realtors and architects. They also acquired a reputation as constructors for luxury villas in the style of French castles in and around Paris. Michel and Amélie Marie lived in the Heine residence at 21, Rue Hoche in Paris. Michel invested in business, including in cotton, and supported the French regent Louis XVIII.

Michel Heine died in Paris; after their deaths, both Michel and Amélie Marie were buried in the family tomb in the cemetery at Richelieu.

He was two sons too, Paul Henri and Isaac Georges.^[1]

References[]

External links[]

• Genealogy of the Heine family (in French)