Baron Maurice (Moritz) de Hirsch (Freiherr auf Gereuth) was born on December 9th, 1831, at Munich. His father, Baron Joseph de Hirsch (1805–1895), was a native of that city, and son of Baron Jacob de Hirsch (1764–1841), the founder of the family fortune. His mother (née Caroline Wertheimer of Frankfort) belonged to an old Jewish family which was universally known for its charitable work and sincere piety. Hirsch cherished very affectionate recollections of his parents, and particularly of his mother, who is said to have seen to it that he received good instruction in the Jewish religion.
The scope of his studies was somewhat narrow. He received his education in Munich and Brussels. Being of a practical turn of mind, he engaged early in life in several business ventures. In 1855 he married Clara (1833–1899), eldest daughter of Senator Raphael Jonathan Bischoffsheim (1808–1883), of the firm of Bischoffsheim and Goldschmidt, Brussels, which had branches in Paris and London. He did not, however, join this firm, as its business methods appeared to him too conservative to suit his enterprising temperament. Having inherited a considerable fortune from his parents, and received a handsome dowry with his wife, he embarked on railway enterprises in Austria, in Russia, and—with most success—in the Balkans. These enterprises, which consisted mainly in the construction of light railways, were only the beginning of his activities. A huge undertaking came in his way. A Brussels banking firm, which had received from the Ottoman Government a concession for building a railway through the Balkans to Constantinople, was unable to carry the project through. Hirsch acquired the concession, went to Constantinople, and succeeded in getting some of the conditions altered for the better. He then formed a company, and made all the necessary arrangements for the building of this great railway, which was, for the first time in history, to connect Europe with the Near East. In certain financial circles his optimism was ridiculed. But those who laugh last laugh loudest. It soon became apparent that he knew what he was about when he secured the concession. By a bold practical stroke he obtained the necessary funds, and his success was as immediate as it was complete. This was really the making of his career. The success of this transaction gained him recognition as one of the greatest financiers of Europe. He became not only a multi-millionaire, but also a recognized authority on large industrial undertakings.
His philanthropic activity, which began early in the seventies, was on a scale hitherto unequalled, and showed great originality of method. This activity may be divided into five branches:—
1. The East, in connection with the “Alliance Israélite Universelle” of Paris.
2. Relief for the Russian Jews.
3. Emigration from Russia.
4. Foundation of the Jewish Colonization Association, and
5. Various other philanthropic institutions.
While engaged in working out his plans for the construction of his railway in Turkey, Hirsch had become acquainted with the deplorable condition of the Jews in the Orient, and had come to the conclusion that their sufferings were mainly due to the lack of modern education and of opportunities to earn a livelihood. He considered European education a great necessity in the East, and therefore admired the educational work of the “Alliance Israélite.” It struck him that too little was done in this direction. He consequently placed large sums at the disposal of the “Alliance,” of which he became a powerful supporter. In 1873 he gave the “Alliance” 1,000,000 francs to form new schools, and from 1880 till his death he undertook to make good the deficit of the organisation, which amounted annually to several hundred thousand francs. Finding that the ordinary schools were not sufficient for the purpose in view, he encouraged the “Alliance” to establish trade schools, the entire expense of which he bore from 1878 until his death. In 1899, in place of his annual grant, he gave the “Alliance” a capital sum, which yielded a yearly income of 400,000 francs; but, none the less, he continued to meet the deficit year by year.
All this time, as indeed throughout his life, he was keenly interested in the Jews of the Orient. He procured in the seventies the services of an excellent Jew, M. Emanuel Felix Veneziani (1825–1889), who made investigations for him, and became his almoner in the East, and afterwards also in other parts of the world.