Big as the names of the late Paul and Felix Warburg bulked in U. S. finance, few knew that two other Warburg brothers played big roles in finance, that Max and Fritz Warburg, along with Max's son Erich, ran M. M. Warburg & Co. of Hamburg, Germany. For five years this rich banking firm, founded in 1797, and having an affiliate in Amsterdam, escaped Nazi persecution of Jews. Last week the ax finally fell: M. M. Warburg & Co. was, converted into a limited company under the same name. Officers will be representatives of Berliner Handels-Gesellschaft and other big...
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