Jules Bache Explained

Birth Date:9 November 1861
Birth Place:New York City
Death Place:Palm Beach, Florida
Nationality:American
Occupation:Banker
Children:Kathryn Bache Miller
Family:Gilbert Miller (son-in-law)
Signature:Signature of Jules Semon Bache.png

Jules Semon Bache (November 9, 1861 – March 24, 1944) was an American banker, art collector and philanthropist.

Early life

Jules Bache was born into a Jewish family[1] [2] in New York City.[3] His father, Semon Bache [né Bach], emigrated to the United States from his native Nuremberg, Bavaria,[4] settling in New York City, where he started the glassmaking firm Semon Bache & Company.[5]

Career

In 1881, he started work as a cashier at Leopold Cahn & Co., a stockbrokerage firm founded by his uncle. In 1886, he was made a minority partner, and in 1892, he took full control of the business, renaming it J. S. Bache & Co. Jules Bache built the company into one of the top brokerage houses in the United States, outranked only by Merrill Lynch. In the process, he became an immensely wealthy individual, a patron of the arts, and a philanthropist.

During World War I, Jules Bache donated money to the American Field Service in France, and his wife was the honorary treasurer of the "War Babies' Cradle," a charity that provided aid for mothers and children in distress in war-torn Northern France and Belgium to provide them with food, clothing, heating fuel, and medical care.

In the 1920 presidential election, Bache was a presidential elector for Warren G. Harding and Calvin Coolidge.[6]

Jules Bache was a shareholder of a number of prominent corporations and sat on the boards of directors of many of them. Among his personal holdings, Bache had sizeable interests in Canadian mining companies. His equity in these companies was held by his Bahamas-based corporation, which allowed him to legally avoid some of the high personal U.S. surtaxes, a fact for which he would be publicly criticized as a result of the Federal investigations during the 1930s into the causes of the 1929 Wall Street Crash. Bache, however, believed that high taxation was a hindrance to economic growth and published a booklet titled "Release business from the slavery of taxation." A major shareholder in Dome Mines Limited, Bache served as company president from 1919 until 1942 and was Chairman of the Board at the time of his passing. After the brokerage firm of Dillon, Read & Co. acquired the Dodge Brothers Automobile Company in 1923, Jules Bache acquired a substantial position in Chrysler Corporation.

A supporter of American theatre and Broadway, Jules Bache helped found the New York branch of the Escholier Club in 1941.

Personal life and death

Bache married Florence R. Scheftel on May 23, 1892, and they had two daughters.[7]

Jules Bache died in 1944 in Palm Beach, Florida, and was interred in the Woodlawn Cemetery in the Bronx, New York. His tomb is a replica of Trajan's Kiosk at Philae. In 1927, his daughter, Kathryn Bache Miller, married the theatrical producer Gilbert Miller in Paris, France.[8] [9] His granddaughter, Muriel Bache Richards, married Francis Warren Pershing, the son of General John J. Pershing.[10]

He told the Literary Digest his name was pronounced Baitch, "A rhyme with aitch." (Charles Earle Funk, What's the Name, Please?, Funk & Wagnalls, 1936.)

Art collection

In addition to his high profile in the business world, Jules Bache would also become well known for his art collecting, which received much press attention in 1929 when he purchased the portrait of "Giuliano de Medici," then attributed to Raphael. He would acquire numerous other important works, including those by or attributed to Rembrandt, Titian (including The Bache Madonna), Albrecht Dürer, Diego Velázquez, Gerard David, Giovanni Bellini, and Sandro Botticelli, amongst others. In 1937, he opened his magnificent art collection to the public, and in 1943, he donated some of his works to the Detroit Institute of Arts.

Bache was a major donor to the Department of Decorative Arts at the Metropolitan Museum of Art.[11] At the time of his death in 1944, most of his picture collection, up until that time gifted to the Jules Bache Foundation, was given to the Museum; the remaining works of art from his estate at 814 Fifth Avenue were sold at auction.[12]

imagetitlepainterdateaccession numberThe Met url
Madonna and Child with SaintsGiovanni Bellini49.7.1MET
Madonna and ChildWorkshop of Giovanni Bellini151049.7.2MET
Portrait of a Young ManJacometto Veneziano49.7.3MET
The Coronation of the VirginFollower of Botticelli1500s49.7.4MET
Madonna LentiCarlo Crivelli147249.7.5MET
Portrait of a WomanMaster of the Nativity of Castello1450s49.7.6MET
Francesco Sassetti and His Son TeodoroDomenico Ghirlandaio1488s49.7.7MET
Descent from the CrossGirolamo da Cremona49.7.8MET
Madonna and Child Enthroned with Two AngelsFilippo Lippi1440s49.7.9MET
Madonna and ChildFilippino Lippi1483s49.7.10MET
Rodolfo Gonzaga (1451–1495)Style of Andrea Mantegna1500s49.7.11MET
Giuliano de' Medici (1479–1516), Duke of NemoursCopy after Raphael1600s49.7.12MET
Madonna and ChildLuca Signorelli49.7.13MET
Portrait of a ManLambert Sustris49.7.14MET
Madonna and ChildTitian151049.7.15MET
Venus and AdonisTitian156049.7.16MET
The Flight into EgyptCosimo Tura49.7.17MET
Virgin and ChildWorkshop of Dieric Bouts147549.7.18MET
Portrait of a CarthusianPetrus Christus144649.7.19MET
The Nativity with Donors and Saints Jerome and LeonardGerard David49.7.20a–cMET
The Rest on the Flight into EgyptGerard David1513s49.7.21MET
Virgin and ChildWorkshop of Hans Memling149049.7.22MET
Young Woman with a PinkHans Memling148549.7.23MET
Portrait of a Man in a TurbanNetherlandish Painter1460s49.7.24MET
Anthony van Dyck self portrait (Metropolitan Museum of Art)Anthony van Dyck162049.7.25MET
Portrait of Robert Rich, second earl of WarwickAnthony van Dyck163449.7.26MET
Portrait of an Italian WomanGerman painter1600s49.7.27MET
Portrait of a Man (Sir Ralph Sadler?)Workshop of Hans Holbein the Younger153549.7.28MET
Derick Berck of CologneHans Holbein153649.7.29MET
Portrait of a Young WomanWorkshop of Hans Holbein the Younger154049.7.30MET
Edward VI (1537–1553), When Duke of CornwallWorkshop of Hans Holbein the Younger154549.7.31MET
Portrait of a Young Womanan anonymous Netherlandish painter153549.7.32MET
Portrait of Claes Duyst van VoorhoutFrans Hals163849.7.33MET
Portrait of a Bearded Man with a RuffFrans Hals162549.7.34MET
Portrait of Floris SoopRembrandt165449.7.35MET
Man in a Red CloakRembrandt1650s49.7.36MET
Christ with a StaffRembrandt166149.7.37MET
The CuriousGerard ter Borch166049.7.38MET
Portrait of a Young BoySébastien Bourdon1700s49.7.39MET
A Young Woman ReadingHan van Meegeren1926s49.7.40MET
Don Manuel Osorio de ZúñigaFrancisco de Goya178749.7.41MET
Portrait of a ManDiego Velázquez1630s49.7.42MET
María Teresa (1638–1683), Infanta of SpainDiego Velázquez165149.7.43MET
Charles de Cossé (1506–1563), Comte de BrissacCorneille de Lyon1600s49.7.44MET
Portrait of a Man with a Black-Plumed HatCorneille de Lyon153549.7.45MET
The Interrupted SleepFrançois Boucher175049.7.46MET
Marie Rinteau, called Mademoiselle de VerrièresFrançois-Hubert Drouais176149.7.47MET
Boy with a Black SpanielFrançois-Hubert Drouais49.7.48MET
The Love LetterJean-Honoré Fragonard1770s49.7.49MET
The CascadeJean-Honoré Fragonard49.7.50MET
A Shaded AvenueJean-Honoré Fragonard49.7.51MET
The Fair at BezonsJean-Baptiste Pater49.7.52MET
Alexandre Charles Emmanuel de Crussol-Florensac (1743–1815)Louise Élisabeth Vigée Le Brun178749.7.53MET
The French ComediansAntoine Watteau49.7.54MET
Queen CharlotteThomas Gainsborough49.7.55MET
Anne Elizabeth Cholmley (1769–1788), Later Lady MulgraveGainsborough Dupont49.7.56MET
Lady Elizabeth Hamilton (1753–1797), Countess of DerbyGeorge Romney49.7.57MET
Henri d'Albret (1503–55), King of Navarreenamels highlighted in The MET collection155649.7.108MET
Jules Semon BacheJo Davidson193649.7.120MET

Notes and References

  1. http://www.newyorksocialdiary.com/social-history/2008/best-friends-jewish-society-in-old-palm-beach New York Social Diary: "Best Friends: Jewish Society in Old Palm Beach"
  2. https://books.google.com/books?id=w1xAAQAAMAAJ&dq=jules+bache&pg=PA396 The American Hebrew: "Jule S. Bache Operated On
  3. Web site: Jules Bache . December 17, 2013 . 20th Century American Leaders Database . Harvard University.
  4. Web site: semon BACHE b. 1826 nuremberg,bavaria d. 1891 new york . www.neilpiwovar.com . February 1, 2015 . April 2, 2015 . https://web.archive.org/web/20150402183032/http://www.neilpiwovar.com/genealogy/tngfiles912/getperson.php?personID=I23016&tree=tree1 . dead .
  5. Book: Hall, Henry . America's Successful Men of Affairs: The city of New York . 1895 . . 52 . bache..
  6. Book: Proceedings of the Electoral College of the State of New York, 1921 . J. B. Lyon Company . 1921 . Albany, N.Y. . 6 . en.
  7. Book: The National Cyclopaedia of American Biography . James T. White & Company . 1910 . XIV . 263–264 . 2020-12-16 . Google Books.
  8. News: October 16, 1979 . Kathryn B. Miller, Philanthropist, 83 . .
  9. News: July 17, 1927 . Miss Bache Weds Gilbert Miller . The New York Times .
  10. Web site: May 2, 1938 . The General Attends a Wedding - His Son Marries Muriel Bache Richards . Time.
  11. http://libmma.org/digital_files/archives/Preston_Remington_records_b18157099.pdf Finding aid for the Preston Remington records, 1925–1970
  12. New York Herald Tribune, Sunday, April 1, 1945, p. 20 "Jules S. Bache Art Collection is Going on Sale: Works Not Donated to the Metropolitan Museum To Be Sold April 19, 20, 21." The auction was held at the Kende Galleries of Gimbel Brothers. The New York Times, Sunday, April 1, 1945 adds that 'oil paintings and terracotta statuary' were to be sold on April 25.